Trainee Actuary - London

Job Introduction

Job title: Graduate Trainee Actuary 

Company: Government Actuary’s Department 

Location: London

Salary: £37,768 p/a 

Job type: Full-time, permanent, 36 hours p/w 

Start date: April 2026 or September 2026

Can you solve the puzzles of government?
 
Can you be the architect of a better tomorrow?

If you enjoy applying statistical theories to assess risks and estimate the odds of future outcomes—and have a passion for presenting your findings—a rewarding career as a Graduate Trainee Actuary in the heart of government could be the perfect fit for you!
 
About us 

The Government Actuary’s Department (GAD) are at the centre of actuarial expertise within government. We enable government to better understand and quantify risk and uncertainty and in turn help shape better outcomes for the UK public. We do this on our core work by diving into client challenges and ensuring our advice enables success. We identify critical challenges to co-create solutions with our partners so that actuarial expertise can have more impact on significant policy initiatives.
 
 We are an inclusive organisation that values the unique perspectives and strengths of a diverse team, supported through our staff networks and active Diversity and Inclusion strategy, we ensure everyone has the opportunity to thrive. We are seeking motivated individuals to join our analytical team, where your contributions will be valued, and your voice heard.

What does the role involve?

As a Graduate Trainee Actuary, we will support your development to become a future Actuary in Government who is able to produce high quality, impactful advice and analysis for government and adapt to emerging societal challenges.

This will include participation in our rotation programme which includes:

Analytical Focussed Placement: Apply theoretical actuarial concepts and modern techniques to actuarial processes to deliver accurate analysis efficiently. As time progresses, take on more responsibility for the validity of your work and others as well as delegating and developing junior colleagues.

Consulting Focussed Placement: Work with actuaries to turn analysis into impactful advice through drafting communications and presenting to clients. Build relationships with stakeholders (internal and external) to support effective delivery of advice. As time progresses, build relationships with clients, support scoping of actuarial advice and business development.

Specialised Focussed Placement: Build upon experience of previous placements to try a new actuarial area in GAD or continue specialising within a certain domain to take on more ownership of advice and/or analysis.

Throughout the rotation programme, secondment opportunities exist to work directly with clients in government.

A significant proportion of GAD’s actuarial advice is either pensions or emerging policy areas. Therefore, during the rotation programme, all trainees will be exposed to typical pensions work (such as delivering actuarial valuations and other pension calculations, managing costs and risks associated with public service pension schemes or providing advice on funded pension schemes) as well as working in a different area to develop adaptability to new problems.

GAD works across a wide range of actuarial areas and we would look to provide opportunities for you to get involved in areas of interest where business needs allow.

 
What will I gain from a Graduate Trainee Actuary role with GAD?

• The opportunity to work on unique projects, clients and challenges which make a difference for the UK public.
• The ability to have great work life balance, with flexitime working and support to allow you to work in a hybrid manner at home and our London office.
• Access to a wide range of training opportunities, including a great study package to develop your career as well as salary increases upon the completion of exams.
• A great benefit package, including access to a generous defined benefit pension scheme.
• 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).
• Access to employee assistance programme and occupational health.
• Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave.

Entry requirements 

Achieved or on target to achieve a 2:2 or above in a degree with a high mathematical content.

Process

The selection process will consist of an online application form, online assessment, video interview and in person assessment centres to be held in London on week commencing Monday 25th January 2027.

The closing date for applications is 8th November 2026, so if this role feels like the right fit for you, we invite you to apply now and take advantage of this exciting opportunity to join our team!