Key Takeaways
- Undertake actuarial analysis, including reserve calculations and profitability analysis.
- Earn £31,864 per year, with up to a 10% annual bonus.
- Gain practical experience in an insurance company's actuarial function during a 12-month placement.
- Based in Stratford upon Avon, with a hybrid working model after the initial office-based period.
- Applications are encouraged early as the vacancy may close at any time.
About the Role
This is a 12-month fixed-term contract for an Actuarial Analyst Placement Year.
What You'll Do
You will join NFU Mutual's close-knit Actuarial team, supporting key business decisions. Your responsibilities will include:
- Calculation and analysis of reserves (money held to pay future claims).
- Analysing data and trends to identify key insights.
- Profitability analysis and business planning.
- Sharing technical management information (MI) and insights with the business.
- Working with actuarial models and tools.
- Supporting process improvement and reporting.
This is a hands-on role where you will be encouraged to contribute and apply your analytical skills to real business outcomes.
Your Development
You will gain exposure to how different actuarial areas connect across the wider function. NFU Mutual will support you with:
- Structured on-the-job training and guidance from experienced actuaries.
- Opportunities to build technical skills, including Excel, data analysis, and potentially SQL.
- Involvement in team and departmental projects.
- Opportunities to present your work and share insights, including an end-of-placement presentation.
What You'll Gain
By the end of the 12 months, you will have:
- Developed a strong understanding of working in an actuarial function within an insurance company.
- Built practical analytical and problem-solving skills.
- Gained insight into how actuarial work supports wider business decision-making.
This role offers a strong foundation for a career in actuarial science and may lead to opportunities within NFU Mutual, including applying for their Actuarial Graduate Scheme in September 2029.
Application Process
- Shortlisted candidates will complete an online assessment.
- Successful candidates will be invited to a short video interview.
- The final stage is a virtual interview.
Please note: This vacancy may close at any time once sufficient applications have been received. Early submission is encouraged.
About You
To be successful in this role, you should be working towards a degree in actuarial science, mathematics, statistics, economics, or a related numerically focused subject. You will also need:
- An ‘A’ in A-Level Maths.
- Other A-Levels at grade B or above.
- At least grade 6 (B) in GCSE English Language.
We are looking for someone with:
- Strong communication skills.
- Data confidence and curiosity.
- Analytical thinking.
- Organisation and prioritisation skills.
- Problem-solving skills.
- Attention to detail.
Experience with Excel or programming (e.g. SQL/VBA) is beneficial but not essential. Any previous work experience is valuable but not a requirement. Enthusiasm and a drive to learn are key.
Benefits and Rewards
- Salary: £31,864 per annum
- Annual bonus (up to 10% of salary)
- Contributory pension scheme (up to 20%)
- 25 days annual leave + bank holidays
- Holiday trading scheme
- Family Friendly policy
- Access to savings at High Street brands, travel and supermarkets
- £20 contribution to a monthly gym membership
- Health and wellbeing plan
- Access to voluntary benefits (health assessments, private medical insurance, dental insurance)
- Employee Volunteering opportunities
- Mentoring opportunities
- Unlimited access to Refer a Friend £500 bonus scheme
- Life Assurance cover (4 x salary)
- Employee discounts on NFU Mutual insurance policies
- Salary sacrifice employee car scheme