Actuarial Graduate Programme - Lloyd's of London

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£30,000 + benefits
London, Nationwide
29th November 2019
Start date:
September 2020
Job type:
Graduate job

For 2020, we are running three core programmes for graduates – Insurance, Business and Actuarial. Each is two years long and composed of four six-month placements, designed to give you an encompassing range of experiences to discover your strengths and interests. Equipped with those insights, you’ll be able to choose your professional path and achieve your aspirations.

What you’ll do

The Actuarial team at Lloyd’s is responsible for oversight of market reserves and capital. Reserves are the funds set aside to pay claims and capital is funds held to ensure that claims can be met in adverse circumstances. With potentially billions at stake, our actuaries handle large quantities of data, analysing and modelling outcomes and requirements. As with our Insurance programme, you’ll have a senior leader as a mentor and the personal skills training you need to thrive. Your four six-month placements cover all our core specialisms, so you can expect plenty of variety as you hone your commercial awareness and work towards a professional qualification with the Institute and Faculty of Actuaries (IFoA).

What you’ll need

Typically, we look for applicants with a 2:2 in a numerate degree. Other subjects are accepted too, but you’ll need to demonstrate that you are capable of the kind of analytical and mathematical thinking necessary to flourish as an actuary. We also look for communication skills as our actuaries liaise with clients and need to break down complex subjects, and time management skills as you will often be handling several projects at once.

What you’ll get

We offer a starting salary of £30,000 and a competitive benefits package. Our working culture is one that genuinely respects your work-life balance and both recognises and rewards good performance. Working for the Actuarial team at Lloyd’s gives you exposure to potentially 70 different lines of business, and the chance to make contacts with a variety of stakeholders across the Corporation and within the market. You’ll receive up to 40 days of paid study leave per year, and by the end of the programme, you should have achieved the IFoA associate qualification.


We are Lloyd’s. We are a unique combination of a specialist insurance market and a Corporation.