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Deadline

08 Mar 2021

About the Government Actuary’s Department

The Government Actuary’s Department (GAD) provides actuarial advice to the UK Government and a range of public service departments regarding their pension provisions and risk management. As a ‘shared service’ supplier to the UK government, we work as actuaries and advisers for the public sector (UK and overseas) and also for private sector clients, where this is consistent with government policy and does not impair our ability to serve the UK government.

The role of Junior Trainee Actuary

‘Have you ever thought about working as an actuary? and in the heart of government? Do you enjoy analysing large datasets and helping other to make decisions that will have long-term implications for the country?

GAD is a fantastic place to start your journey, as well as work on some of the most important and interesting problems facing the Government.

As a graduate trainee, you will play a crucial role in GAD’s work by working with other trainees, analysts and actuaries to produce high quality advice and analysis for the Government. This includes giving actuarial advice to various Government departments on:

  • the workforce costs and risks within the public sector, including the assessment of pension scheme costs
  • insurance risks and costs affecting Government, including work on liabilities in the NHS
  • understanding the drivers behind costs and risks using modern data science techniques to add more depth and insight to existing actuarial techniques
  • bespoke advice on financial and demographic risks facing Government, including social security benefits, and new and existing Government policies.

As you progress through our structured training programme you will have opportunities to rotate through several different teams and to have significant contact with our clients. There are also opportunities to undertake a secondment(s) in order to work directly alongside our clients and colleagues in Government. We expect our trainees to be able to confidently discuss their analysis with clients and support actuaries in delivering advice.

We fully believe that diverse teams really are the best teams. Given recent events, we also know that ‘normal’ office hours aren’t always doable, and while we can’t accommodate every flexible working request we are happy to be asked. All we ask is that you bring your enthusiasm and passion to the job, and we will bring a generous study support package together with a strong organisational culture to help you develop..

Benefits

As well as competitive salaries, we offer a substantial package of benefits:

  • Extensive talent, career and personal development
  • 25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition we offer 9 days public and privilege days leave per year (pro rata for part time staff)
  • Generous defined benefit Civil Service pension scheme
  • Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave
  • Access to employee assistance programme and occupational health
  • Community volunteering programme, the opportunity to join a trade union, and discounted membership of local and national sports and social groups
  • A working culture which encourages inclusion and diversity
  • Salary advances for travel costs, including annual season tickets and cycle-to-work schemes
  • Complimentary BUPA health check for permanent staff

Recruitment Process

Shortly after the vacancy closing date, you will be invited to complete a video interview and some online tests. You will be provided more information closer to time and full support will be available.

If you have a disability and require any help completing this form or if you would like it in an alternative format, or have any queries regarding the application process please contact Capita Resourcing by e-mail [email protected]

  • Job Type: Graduate Jobs
  • Fields of Work: General Insurance, Investment, Pensions, Risk Management
  • Number of Positions: Up to 6
  • Start Date: 'TBC'
  • Location: London
  • UCAS Points: Unspecified/Not Applicable
  • Degree Result Required: 2:1
  • Disciplines Recruited From: Degree in a subject with high mathematical content
  • Salary: £31,997 per annum
  • Application Details: Click below to apply
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