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Paid Actuarial Internship

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NFU Mutual

1mo ago

  • Internship
    Full-time
    Placement Program
  • Data

AI generated summary

  • You must communicate well with stakeholders, pay attention to detail, simplify complex info, and have A-levels in Maths A* or A and two others B+. Pursuing a 2:1 in a math-intensive degree.
  • You will assist in data collection, analysis, and actuarial calculations, supporting reserve tasks and recommending data improvements while gaining practical experience within the team.

Requirements

  • Able to communicate clearly & confidently with all levels of stakeholder
  • Strong attention to detail with a high level of accuracy, and able to multi-task
  • The ability to simplify complex information
  • Maths A level at A* or A. At least two other A-levels at grade B or above
  • Working towards an honour's degree (2:1 or above) in actuarial science, mathematics, statistics, economics or another degree with significant mathematical content

Responsibilities

  • Gain experience in our Actuarial Team
  • Put your methodology into practice
  • You’ll gain experience in assisting in the delivery of short term tasks and the opportunity to identify improvements about data analysis techniques.
  • Through the support of the team you will collect, check, and analyze data to allow it to be used in actuarial calculations.
  • Your role will cover a wide range of actuarial tasks from assisting in the calculation of quarterly reserves for our business to creating MI to investigating anomalies and recommending amendments as part of the data cleansing process.

FAQs

What is the duration of the Paid Actuarial Internship?

The internship is a 1-year fixed term contract.

What undergraduate programs are eligible for this internship?

Eligible candidates should be pursuing a degree in actuarial science, mathematics, statistics, economics, or another subject with significant mathematical content.

What level of academic achievement is required to apply?

Candidates should have achieved a Maths A level at A* or A, and at least two other A-levels at grade B or above. They must also be working towards a 2:1 or above honours degree.

Where is the internship based?

The internship is based at the Tiddington Head Office, just outside Stratford-upon-Avon.

What is the expected start date for the internship?

The expected start date is summer 2025.

Are there opportunities for professional development during the internship?

Yes, interns will gain experience in a variety of actuarial tasks and have the opportunity to identify improvements in data analysis techniques.

What is the salary for the Paid Actuarial Internship?

The salary for the internship is £30,012.

Will interns receive bonuses in addition to their salary?

Yes, interns are eligible for an annual bonus of up to 10% of their salary, pro-rata.

What benefits are offered to interns?

Interns can expect benefits including a contributory pension scheme, annual leave, health and wellbeing plans, gym membership contributions, and employee discounts, among others.

Is prior experience required to apply for this internship?

No prior experience is required, but a genuine passion for maths and a desire to work in the actuarial field are essential.

Can I apply if I need accommodations during the recruitment process?

Yes, candidates are encouraged to discuss any adjustments or accommodations they may need during the recruitment process.

How is work-life balance supported in this role?

The company offers a hybrid work model, allowing interns to work up to 60% of their hours from home, promoting a positive work-life balance.

Who manages the vacancy for this internship?

The vacancy is managed by Kam Bahra.

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NFU Mutual

For more than a century,  we have provided quality insurance to customers, their families, and their businesses

Finance
Industry
1001-5000
Employees
1910
Founded Year

Mission & Purpose

At NFU Mutual, we do things differently. We take the time to understand the needs of our customers, offering personal face-to-face service through more than 295 Agency offices nationwide. And, because we’re a mutual, the people that matter to us most are our customers. When we started in 1910, our aim was to encourage farmers around Stratford-upon-Avon into the newly established farming union through cost price insurance. Before long, the business expanded beyond it's Midlands home, establishing branches across the United Kingdom. As farming diversified, so did we. Growing beyond agricultural insurance we used our life assurance, investments and pensions expertise to provide individuals and businesses with our renowned customer service. Today, our people continue to build relationships with their local communities, taking the time to understand their individual needs so that we can offer the insurance cover appropriate to them.

Benefits

  • Between 25 and 28 days' holiday

  • Contributory pension scheme

  • Life assurance cover of four times salary

  • Company performance related annual bonus

  • Private medical insurance

  • Company car (for certain roles)