Graduate Trainee Actuary
About the Job
Job Summary
Can you solve the puzzles of government? Can you be the architect of a better tomorrow?
If you enjoy applying statistical theories to assess risks and estimate the odds of future outcomes—and have a passion for presenting your findings—a rewarding career as a Graduate Trainee Actuary in the heart of government could be the perfect fit for you!
About Us
The Government Actuary’s Department (GAD) is at the centre of actuarial expertise within government. We enable government to better understand and quantify risk and uncertainty and in turn help shape better outcomes for the UK public. We identify critical challenges to co-create solutions with our partners so that actuarial expertise can have more impact on significant policy initiatives.
We are an inclusive organisation that values the unique perspectives and strengths of a diverse team, supported through our staff networks and active Diversity and Inclusion strategy. We ensure everyone has the opportunity to thrive. We are seeking motivated individuals to join our analytical team, where your contributions will be valued, and your voice heard.
Job Description
As a Graduate Trainee Actuary, we will support your development to become a future Actuary in Government who is able to produce high-quality, impactful advice and analysis for government and adapt to emerging societal challenges.
This will include participation in our rotation programme which includes:
- Analytical Focused Placement: Apply theoretical actuarial concepts and modern techniques to actuarial processes to deliver accurate analysis efficiently.
- Consulting Focused Placement: Work with actuaries to turn analysis into impactful advice through drafting communications and presenting to clients.
- Specialised Focused Placement: Build upon experience of previous placements to try a new actuarial area in GAD.
Throughout the rotation programme, secondment opportunities exist to work directly with clients in government. A significant proportion of GAD’s actuarial advice is either pensions or emerging policy areas.
Person Specification
- Have an inquisitive and open mind to learn and apply new concepts.
- Produce actuarial analysis to inform GAD’s advice to government departments, across areas of insurance, investments, pensions, and risk.
- Support client engagement by drafting reports and advice as well as providing support in meetings and presentations.
- Manage your time to deliver your work to time and budget.
- Proactively develop your knowledge and understanding of actuarial methods and analysis, data science, and the issues and risks facing government.
- Identify and suggest new ways of working, innovative solutions, modern outputs, and new areas where GAD can provide advice.
- Work within GAD’s and Actuarial professional standards and departmental procedures and guidance notes.
- Use MS Office and advanced tools like R, Python or our Pension Valuation Software to carry out analysis and prepare advice for clients.
Behaviours
- Working Together
- Developing Self and Others
- Making Effective Decisions
- Delivering at Pace
- Communicating and Influencing
Technical Skills
- Achieved or on target to achieve a 2:2 or above in a degree with a high mathematical content. (Essential)
Benefits
Alongside your salary of £37,768, Government Actuary's Department contributes £10,941 towards you being a member of the Civil Service Defined Benefit Pension scheme.
As well as competitive salaries, we offer a substantial package of benefits:
- Exceptional learning and development opportunities that you can explore alongside your day-to-day work.
- 25 days annual leave per year, increasing to 30 days after 5 years of service.
- A Civil Service pension with an employer contribution of 28.97%
- 5 days of paid volunteering leave
- Up to 9 months maternity leave on full pay + generous paternity and adoption leave
- Staff reward and recognition bonuses
- Occupational sick pay
- Family-friendly policies such as help with caring responsibilities
- Access to an employee assistance programme offering 24/7 confidential support
- The opportunity to join a trade union
- A working culture which encourages inclusion and diversity
- Salary advances for travel costs, including annual season tickets and cycle-to-work schemes
- Access to the Edenred employee benefits system
- Complimentary BUPA health check
Sectors
Locations
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Sectors
Locations
About the Job
Job Summary
Can you solve the puzzles of government? Can you be the architect of a better tomorrow?
If you enjoy applying statistical theories to assess risks and estimate the odds of future outcomes—and have a passion for presenting your findings—a rewarding career as a Graduate Trainee Actuary in the heart of government could be the perfect fit for you!
About Us
The Government Actuary’s Department (GAD) is at the centre of actuarial expertise within government. We enable government to better understand and quantify risk and uncertainty and in turn help shape better outcomes for the UK public. We identify critical challenges to co-create solutions with our partners so that actuarial expertise can have more impact on significant policy initiatives.
We are an inclusive organisation that values the unique perspectives and strengths of a diverse team, supported through our staff networks and active Diversity and Inclusion strategy. We ensure everyone has the opportunity to thrive. We are seeking motivated individuals to join our analytical team, where your contributions will be valued, and your voice heard.
Job Description
As a Graduate Trainee Actuary, we will support your development to become a future Actuary in Government who is able to produce high-quality, impactful advice and analysis for government and adapt to emerging societal challenges.
This will include participation in our rotation programme which includes:
- Analytical Focused Placement: Apply theoretical actuarial concepts and modern techniques to actuarial processes to deliver accurate analysis efficiently.
- Consulting Focused Placement: Work with actuaries to turn analysis into impactful advice through drafting communications and presenting to clients.
- Specialised Focused Placement: Build upon experience of previous placements to try a new actuarial area in GAD.
Throughout the rotation programme, secondment opportunities exist to work directly with clients in government. A significant proportion of GAD’s actuarial advice is either pensions or emerging policy areas.
Person Specification
- Have an inquisitive and open mind to learn and apply new concepts.
- Produce actuarial analysis to inform GAD’s advice to government departments, across areas of insurance, investments, pensions, and risk.
- Support client engagement by drafting reports and advice as well as providing support in meetings and presentations.
- Manage your time to deliver your work to time and budget.
- Proactively develop your knowledge and understanding of actuarial methods and analysis, data science, and the issues and risks facing government.
- Identify and suggest new ways of working, innovative solutions, modern outputs, and new areas where GAD can provide advice.
- Work within GAD’s and Actuarial professional standards and departmental procedures and guidance notes.
- Use MS Office and advanced tools like R, Python or our Pension Valuation Software to carry out analysis and prepare advice for clients.
Behaviours
- Working Together
- Developing Self and Others
- Making Effective Decisions
- Delivering at Pace
- Communicating and Influencing
Technical Skills
- Achieved or on target to achieve a 2:2 or above in a degree with a high mathematical content. (Essential)
Benefits
Alongside your salary of £37,768, Government Actuary's Department contributes £10,941 towards you being a member of the Civil Service Defined Benefit Pension scheme.
As well as competitive salaries, we offer a substantial package of benefits:
- Exceptional learning and development opportunities that you can explore alongside your day-to-day work.
- 25 days annual leave per year, increasing to 30 days after 5 years of service.
- A Civil Service pension with an employer contribution of 28.97%
- 5 days of paid volunteering leave
- Up to 9 months maternity leave on full pay + generous paternity and adoption leave
- Staff reward and recognition bonuses
- Occupational sick pay
- Family-friendly policies such as help with caring responsibilities
- Access to an employee assistance programme offering 24/7 confidential support
- The opportunity to join a trade union
- A working culture which encourages inclusion and diversity
- Salary advances for travel costs, including annual season tickets and cycle-to-work schemes
- Access to the Edenred employee benefits system
- Complimentary BUPA health check
Related jobs
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