Graduate Trainee Actuary

Broadstone have an exciting opportunity for a Graduate Trainee Actuary to join the team.

Location: Birmingham

Salary: £30K per annum

Start date: Autumn 2025

Job Type: Permanent, Full Time

Closing Date: 5th January 2025 23:59

Who are we?

Broadstone is a thriving consultancy offering a wide range of services in pensions, investments, and employee benefits. Established in 1989, the business has grown from a small team to a workforce of over 650, brought together by a desire to deliver a personal, expert service to all who put their faith in us. We take pride in assisting small and medium sized pension schemes who lack the time or resources to address increasingly challenging issues themselves.

Our values are at the heart of everything we do and drive us forward every day. We strive to attract, develop, and retain top talent to work together to provide the best possible client outcomes. Our team feel empowered to share ideas to continuously improve our business. We are committed to diversity, equity and inclusion.

Graduate Trainee Actuary The Role:

We are looking for detail-oriented individuals who will work effectively in a supportive team of Actuaries & Consultants and who take pride in delivering excellent work. Teamwork and collaboration is central to our culture so this is a great opportunity for a motivated and enthusiastic team player keen to immerse themselves in a multi-faceted role.

The role will include a wide variety of assignments and be part of the team providing actuarial services within the Life Insurance and/or General Insurance market.

This role is ideally suited to someone undertaking an Actuarial Science, Mathematics, Business Degree or similar. The role offers exposure to a range of opportunities to develop your skills in client relationship management and business development. As part of a small team, you will have a unique opportunity to influence the way that we work, and to gain real world experience of how a business operates.

Graduate Trainee Actuary Key Responsibilities:

- Financial Modelling for insurance clients, including: Data reconciliation, Model point testing, Model development

- Assisting with experience analyses, including morbidity, mortality and persistency

- Setting up valuation runs in Mo.net financial modelling software

- Calculating policy liabilities, alongside resilience, expense reserves and other required reserves in Excel

- Assisting in the preparation of reports

- Preparing the relevant statutory returns

- Documenting the work undertaken and processes carried out to regulatory and professional standards.

Graduate Trainee Actuary You:

- Willing to attend training sessions and develop relevant knowledge, techniques, and skills

- On track to graduate with a 2.1 or above at bachelor's degree level (numerate degree preferable)

- A level (or equivalent) at Grade B or above in Maths

- Enjoy explaining complex information to others

- Ready to start studying towards a professional qualification

- Have a keen interest in financial modelling

- Ability to work under own initiative and be an enthusiastic, proactive team member

- Ability to effectively manage work streams for multiple clients

- Discipline to work to strict scheduled deadlines

- A confident and effective approach to communication, both written and verbally

- High levels of numeracy and analytical skills

- Strong Microsoft Excel skills

- By the start of the employment, permission to work in the UK.

- We strongly encourage and support applications from all backgrounds.

Graduate Trainee Actuary Benefits:

- Competitive salary, with exam linked salary increases.

- 25 days holiday plus bank holidays (with option of buying more)

- Fully supported study, including membership of the IFoA, study materials, tutorials, exam fees, and exam leave

- Generous pension scheme

- Health cash plan

- Additional optional benefits to best suit your lifestyle

- Social events

- Volunteering opportunities

Application Process:

Your application should include a supporting statement detailing your interest in the role and your relevant skills and experience.

Please note: We value original applications and therefore request that you do not use AI when completing your application. Unsolicited contact with our employees will not be considered.

To submit your application for this Graduate Trainee Actuary opportunity please click Apply' now.

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