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Actuarial Undergraduate Placement

Ecclesiastical Insurance
Gloucester

Expected closing date: Friday, 8 January 2027

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TL;DR

Key Takeaways

  • 12-month paid placement in Actuarial Pricing, Reserving, and Capital Modelling.
  • Based in Gloucester with hybrid working.
  • Requires a 2:1 degree (or equivalent) in a quantitative subject.
  • Applications close on Friday 8th January 2027.

About the Role

Benefact Group is seeking an Undergraduate to join their 2027 Actuarial Placement Programme in Gloucester. This paid 12-month placement provides hands-on experience in Pricing, Reserving, and Capital Modelling within a General Insurance Actuarial team.

You will work on real business challenges, support key decision-making, and develop valuable technical and commercial skills, gaining insight into an actuarial career.

What you'll be doing

Throughout the placement, you will be involved in:

  • Year-end/quarter-end claims reserving using core actuarial methods (e.g., chain ladder and bornhuetter-ferguson reserving techniques).
  • Technical pricing review for specific niches at Ecclesiastical Insurance, using generalised linear modelling and other pricing techniques.
  • Capital model calibration and testing, including selecting appropriate parameters and testing model output.
  • Other business projects and ad-hoc requests, such as price monitoring, business plan claims forecasting, and capital model uses to support business decisions.

What you'll need to have

  • On track to achieve at least a 2:1 degree (or equivalent) in statistics, Actuarial studies, Computing, Mathematics, Economics or Physics.
  • Strong analytical and mathematical skills.
  • A strong track record of personal success and academic achievement.

What makes you stand out

  • A proactive mindset with the drive to spot opportunities and make improvements.
  • Ability to work independently and deliver high-quality results with minimal supervision.
  • Effective communication skills to build relationships.
  • Strong commercial awareness with the ability to create practical, balanced solutions.
  • An interest and understanding of the general insurance industry and actuarial career.

What we offer

  • Hybrid working
  • Group Personal Pension with up to 12% employer contribution
  • Generous annual bonus scheme (on-target bonus between 6% and 24%)
  • 25 days annual leave plus bank holidays, with a holiday buy and sell scheme
  • Health and wellbeing benefits, including private healthcare, income protection, and life assurance
  • £200 annual personal grant to a charity of your choice
  • Encouragement to take at least one volunteering day per year
  • Employee Assistance Programme
  • Full study support for professional qualifications
  • Access to virtual GP
  • Enhanced maternity and paternity pay