Senior Actuarial Trainee (BPA)

Contract type: Permanent Full Time 35 hours per week
Location: Alderley Park
Working style: Hybrid 50% home/office based

We have brand new opportunities to join the Bulk Purchase Annuity (BPA) team at Royal London, the UK's largest mutual life, pensions, and investment company.

We are looking for a Senior Actuarial Trainee to work on BPA pricing projects.

You’ll gain hands-on experience working on BPA transactions, actuarial modelling and pricing in a supportive team where you can continue developing your technical skills while contributing ideas and making a real impact.

To help us manage applications effectively, we reserve the right to close this vacancy early once we have received a high number of applications or identified enough suitable candidates for the next stage of the process. We encourage you to apply as early as you can.

About the role

• Deliver key elements of BPA transaction pricing,

• Produce analysis of pension scheme data and interpret benefits.

• Set up, run and troubleshoot actuarial pricing models, checking that outputs are reasonable and escalating issues appropriately.

• Identify data issues and complex or non-standard benefits, working with colleagues to determine an appropriate modelling approach.

• Take ownership of your development, proactively building your technical and commercial understanding.

• Look for opportunities to improve pricing processes.

About you

• Progress towards an actuarial qualification.

• Strong analytical and problem-solving skills.

• Excellent communication and interpersonal abilities.

• Ability to work independently and as part of a team.

If you feel you’d be a great fit for Royal London but don’t meet every requirement, we’d still love to hear from you. Research shows some candidates are less likely to apply unless they meet 100% of the criteria - if you meet most requirements and are keen to learn, we encourage you to apply!

About Royal London

We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.   

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve. 

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance.

Inclusion, diversity and belonging

We’re an inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected – whatever their background.