Actuarial Trainee

Posted Yesterday
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Dorking, Mole Valley, Surrey, England, GBR
In-Office
Entry level
Insurance
The Role
Supports actuarial analyses, projects, documentation, process improvements, and risk-management activities while collaborating with Finance and business stakeholders. The trainee develops technical, communication, and regulatory knowledge, including Solvency II, through on-the-job experience, formal study support, and professional development while progressing toward actuarial qualification.
Summary Generated by Built In
Job Posting End Date: August 27

Who are we?

We’re a specialist employee benefits provider, striving to create healthy, happy workplaces. As part of the international Unum Group, we’re on a collective mission to help the working world thrive.

The role

What will you be doing?

○ Support the delivery of a range of actuarial activities, analyses and projects across the business.
○ Develop an understanding of how actuarial insights support business performance, decision-making and risk management.
○ Take ownership of tasks and deliver high-quality work with accuracy and attention to detail.
○ Contribute to projects aimed at improving processes, systems and ways of working.
○ Maintain clear and accurate documentation of actuarial methodologies and processes.
○ Work closely with colleagues across Finance, Risk and the wider business, developing your communication and stakeholder management skills.
○ Learn about the regulatory environment in which we operate, including Solvency II and broader risk management frameworks.
○ Build technical expertise through a combination of on-the-job experience, formal study support and professional development opportunities.
○ Progress towards qualification through our actuarial study support scheme.
○ This is a fantastic opportunity to launch your actuarial career within a supportive and collaborative team, gaining exposure to a broad range of actuarial work while studying towards professional qualifications.

What will you bring?

We're looking for talented graduates who are curious, analytical and excited to build a career in actuarial science.

You'll ideally have:

○ A degree in a numerate subject, achieved at 2:1 level or above.

○ A strong academic record, including A-Level Mathematics (or equivalent).

○ Excellent numerical, analytical and problem-solving skills.

○ Strong attention to detail and a commitment to delivering accurate work.

○ An interest in developing a career within the actuarial profession.

○ Good communication skills and the ability to explain information clearly and confidently.

○ The ability to manage multiple priorities and work effectively to deadlines.

○ A proactive and inquisitive mindset with a willingness to learn.

○ Experience using Excel; exposure to programming languages such as Python, R or VBA would be advantageous but is not essential.

○ Any actuarial internship, placement year or relevant work experience would be beneficial but is not required.

Location

Hybrid working. 3 days in office , 2 days from home.

A minimum of 2 days a week from our Dorking office and option to work the third from a choice of offices in Dorking, Basingstoke & London.

Benefits

○ Performance based incentive 8.5% (Paid in March)

○ Company funded Life Assurance and Group Income Protection  

○ Pension Scheme with generous company match - employer contributions from 8-12%

○ Generous holiday allowance with the option to buy and sell leave

○ Salary sacrifice electric car scheme with onsite electric charging points

○ Free parking at Dorking & Basingstoke sites

○ Free onsite perks

○ Dorking office: Restaurant, Gym, Tennis Courts, Free Shuttle Bus from Train Station

Why join us?

At Unum, we’ve created a workplace where people feel supported to progress and grow, and can see their ambitions coming to life.

As a part of our commitment to creating an inclusive workplace, we actively encourage applications from those with disabilities and those with long-term health conditions.

If you meet the essential criteria for the role and choose to opt in to the scheme during your application, you will be offered an interview under the Disability Confident Scheme.

If you need assistance and/or reasonable accommodation due to a disability during the application or recruiting process, please send a request to [email protected].

We are proud to be a Disability Confident Employer.

Company:

Unum UK

Skills Required

  • Degree in a numerate subject at 2:1 level or above
  • Strong academic record, including A-Level Mathematics or equivalent
  • Excellent numerical, analytical, and problem-solving skills
  • Strong attention to detail and commitment to accuracy
  • Interest in developing a career within the actuarial profession
  • Good communication skills and ability to explain information clearly and confidently
  • Ability to manage multiple priorities and work effectively to deadlines
  • Proactive and inquisitive mindset with willingness to learn
  • Experience using Excel
  • Programming experience with Python, R, or VBA
  • Actuarial internship, placement year, or relevant work experience

Unum Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Unum and has not been reviewed or approved by Unum.

  • Healthcare Strength Benefits are described as starting day one and include medical coverage along with employer-provided life, short-term disability, and long-term disability. On-site amenities like a gym and café are also part of the health-and-extras package in some locations.
  • Retirement Support The retirement offering is positioned as a standout through a high employer 401(k) contribution. This retirement support is repeatedly framed as a key draw within the total rewards package.
  • Leave & Time Off Breadth Paid time off is characterized as generous, with additional personal days and company closure days also described. The time-off program is presented as broader than many peers on paper.

Unum Insights

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The Company
HQ: Chattanooga, TN
9,536 Employees

What We Do

Unum is a company of people serving people. A Fortune 500 company, we help millions of people gain affordable access to disability, life, accident, critical illness, dental and vision benefits through the workplace — benefits that help them protect their families, their finances and their futures. Our products and services meet the needs of a diverse workforce that includes four generations, growing ethnic diversity and changing family dynamics. A strong commitment to social responsibility is one of Unum's core values. In fact, we place particular emphasis on contributing to positive change in the communities in which we live and work. Helping our communities become better is a natural extension of the commitment we make each and every day to our customers — to help employers manage their businesses and employees protect their families and livelihoods. We look forward to sharing industry news, community involvement, recognition and other info we hope you find interesting and informative. We encourage your comments and feedback so we can be a valuable resource for you and get to know you a little better.

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