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Graduate Actuarial Trainee Jobs

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The Institute and Faculty of Actuaries
Expiry date:
£33,000 per annum


The Institute and Faculty of Actuaries

Actuaries are highly regarded professionals; actuaries are problem solvers and strategic thinkers with a deep understanding of financial systems

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Expiry date:
£33,000 per annum
Job type:
Graduate job
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Expiry date:

Actuarial Graduate Opportunity - Financial Services

Everest Re Group

Everest Re has an immediate vacancy for a Trainee for our Actuarial department in London , offering a competitive package. We are looking for bright talent to join our growing team working in the London Reinsurance market. Ideal qualifications include: A

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Helping you find a career as an Actuarial Trainee

As an actuarial you will evaluate complex risks using highly developed analytical and numerical skills, as well as keeping a firm strategic eye on the future.

What does an Actuarial Trainee do?
As a trainee, you will perform tasks to support senior colleagues
  • Carry out calculations

  • Make financial projections based on pre-constructed models

  • Make your own financial models

  • Evaluate the different models and decide which are most suitable

  • Analyse results and reports

  • Draft reports to feedback to your senior colleagues

  • Study for your professional qualification, e.g. making notes on the job

  • Preparing presentations, reports, valuations and quarterly updates

  • Monitoring risk within trading positions

  • Advising on issues, e.g. the selection of investment managers and directors
What skills and interests should an Actuarial Trainee have?
  • Great numeracy skills

  • Confidence with calculations

  • Highly self-motivated

  • Great at problem solving

  • Hard working and determined

  • Excellent communication skills

  • Flexible and foresighted
What hours does an Actuarial Trainee typically do?
The working hours are typically advertised as 9am - 5pm. However, you should expect to work overtime.
What environment is an Actuarial Trainee based in?
You are likely to be higher by large financial institutions, and therefore, you will be office-based.
How much does an Actuarial Trainee travel?
Travel opportunities will depend mostly on the size of the company which determines their offices around the UK. If you are with a large company then you may be required to travel between offices and visits to corporate clients may also be necessary.
How much does an Actuarial Trainee get paid?
Starting salaries for graduates will range between £25,000 to £35,000 and the average salary is £32,000. Salaries will vary according to location and they are typically higher in London to reflect the higher cost of living.

Once you are newly qualified, you can earn between £40,000 and £55,000. When you have successfully gained around 10-15 years’ worth of experience, salaries are typically more than £60,000.

Senior directors can expect salaries that exceed £200,000.
Perks & benefits
Companies usually pay for all examinations.
What qualifications does an Actuarial Trainee need?
The minimum requirement for this role is a bachelor’s degree, particularly for candidates with strong numerical skills.
Useful subjects to study at school & university
  • Actuarial Science and/or Actuarial Mathematics

  • Business or Finance

  • Economics

  • Engineering

  • Mathematics and/or Statistics

  • Risk Management

  • Science, e.g. Physics and Chemistry

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