Who we are
GAD was established as a government department in 1919. Today, we provide actuarial analysis for public sector clients throughout the UK. We are based in central London in the heart of the financial community, with a second office in Edinburgh, and currently employ around 100 actuaries and 40 trainees.
What we do at GAD
Our analysis enables the government to formulate national policy and manage public sector finances. This work is crucial to the welfare of millions of people both in the UK and overseas. We provide advice on a wide variety of topics in many fields.
Our vision of GAD for 2025 is that:
- we make a difference: our work improves outcomes for the public and helps the government achieve its objectives
- we partner effectively with our clients: we proactively help our clients where we can add value and deliver innovative, cost-effective solutions to a wide range of issues
- we are seen as a great place to work: we provide fulfilling careers for all our people
- our value is recognised: we are widely recognised and respected throughout the public sector as trusted experts in the fields of financial risk analysis and modelling
Our mission is to improve the stewardship of public sector finances by supporting effective decision-making and robust financial reporting through actuarial analysis, modelling and advice.
In addition to core values of the Civil Service (integrity, honesty, objectivity and impartiality), GAD’s values are the beliefs and behaviours which define us as an organisation:
- expert – we provide high quality, professional advice
- collaborative – we partner effectively with our clients to understand and address their business needs
- inclusive – we value and develop all our people
- innovative – we are forward looking, continually developing and improving to meet evolving client needs
Who are we looking for?
Each year we recruit a small number of people who have the clear potential to become fully qualified actuaries and who will relish the challenges of our diverse and public interest orientated work.
Providing actuarial support to some of the largest pension schemes in the UK, our work is crucial to the welfare of millions of people. Our trainees are the actuaries of the future.
As a Trainee Actuary you will work as part of a team with qualified actuaries in our London office, to deliver advice across a broad range of areas such as valuations, benefit design, investment strategy and government policy.
In addition to advising the government, trustees and employers, there may also be opportunities to work in UK and international social insurance, long-term care, health, risk and insurance.
As your experience grows you can expect to have regular client contact. Client engagement and business development is also an important part of the work that we do, therefore, having a flair for people relationship skills is beneficial. To help you qualify as quickly as possible we offer substantial study support with generous study leave, discussion classes, and paid for tutorials, courses, exam entry and exam counselling. We also provide an internal business training programme to help trainees identify new business opportunities and to assume new responsibilities, including:
- a comprehensive induction and technical training programme
- in-house seminars and professional briefings
- managerial and business training including project management, team working, presentations, IT skills and managing client relationships
- a friendly and cooperative working environment, where actuaries and senior trainees are enthusiastic about teaching new trainees and passing on their experience
The Government Actuary’s Department currently holds the Institute and Faculty of Actuaries’ Quality Assurance Scheme accreditation.