Job details

Graduate Actuary

Region: Midlands

Location: Stratford-upon-Avon

Reference number: RISK00070

Closing date: 28th September 2021

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About the role

We have an exciting opportunity for a Graduate to join us as an Actuarial Trainee in order to assist in the preparation and interpretation of complex data as part of Risk and Actuarial investigations. 


As an Actuarial Trainee you will:

  • Collect, check and analyse data to allow it to be used in actuarial calculations. Investigate anomalies and recommend amendments as part of the data cleansing process

  • Develop, refine and operate actuarial models. Summarise results and create written reports from these models to enable the team to make business decisions in line with regulatory and reporting requirements

  • Identify opportunities to improve data analysis techniques and thus assist in ensuring that methodologies and processes adopted within the Risk and Actuarial Function remain fit for purpose and in line with industry best practice

  • Communicate the output from actuarial models in a manner that conveys the key risks involved and the sensitivity, severity and mitigation options for these risks

  • Understand and demonstrate the use and development of the process, theory and software underlying actuarial techniques

  • Ensure all work is delivered in line with Group and Department policies and procedures and relevant regulatory and professional requirements

  • Assist in the delivery of short term / one-off projects and activities as required by, and to the standards and outcomes agreed with, the relevant Line or Project Manager

  • Meet the standards and requirements set out in NFU Mutual’s Actuarial Trainee Development Scheme

What we're looking for

  • An honours degree (2:1 or above) in actuarial science, mathematics, statistics, economics or another degree with significant mathematical content

  • At least 3 A-levels at grade B or above (including mathematics)

  • Experience in Microsoft Office, in particular Microsoft Excel is desirable. Experience of processing and managing data

What we can offer

At NFU Mutual we pride ourselves on being “a great place to work” and one of only 39 companies across the globe. We were also named in the LinkedIn Top 25 Companies List 2021 for career development. When you join us, you can expect a supportive culture and an attractive range of rewards and benefits including:

  • A competitive salary

  • Study support and Study Mentor to assist in your development

  • Annual bonus (up to 10%) 

  • Contributory pension scheme (maximum of 12% company contribution)

  • 25 days holiday plus bank holidays (additional holiday purchase scheme)

  • Employee discounts 

  • Gym subsidy  

  • Health and wellbeing plan

  • Discounted Insurance on all NFU Mutual Policies

About us

One of the UK’s leading general insurance and financial services companies, NFU Mutual has been meeting our customers’ needs for over 100 years.

Our employees are important to us. We empower and inspire them to perform, offer opportunities to grow and we recognise and reward their contribution. They are proud to work for a company that respects them and broader communities, and they trust us to be financially sustainable so we are successful now, and in the future.

Apply now


NFU Mutual Careers - Our Offices - Tiddington Office Exterior.png

Tiddington Road
Stratford upon Avon
CV37 7BJ

Visit the Stratford-upon-Avon (Tiddington) office

Vacancy managed by

David King

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Working for NFU Mutual

We are a leading provider of General Insurance and Financial Services. From our strong farming roots we’ve grown to become a UK-wide organisation, turning over £1billion annually. Yet success hasn’t gone to our heads. We’re proud to remain completely customer focused, down-to-earth and committed to the rural communities we’ve grown from.

Our ethos - of trust, respect and personal service - lies at the heart of all we do and has seen us build an enviable reputation for exceptional member loyalty. Though we’ve been in business for over 100 years, we have big ambitions for the future. And that’s why we’re looking for talented people to join our growing organisation. Talented people like you.