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Actuarial Graduate Scheme

Location: Bristol, England, United Kingdom


This position is no longer open.

Job Number: 1145

External Description:

Actuarial Graduate – Bristol/York/Eastleigh

Are you a strategic thinker that loves to tackle problems? Is maths one of your key strengths and passions? Do you want to secure a meaningful role, at a company that will empower you to be your authentic self at work?

If so, why not follow in the footsteps of our previous actuarial graduates and your hard work could see you develop into a well-rounded actuary and be well on your way to becoming an Aviva “Leader of the Future”.

Actuaries are problem solvers and strategic thinkers with a deep understanding of financial systems. They share a love of maths and use their skills to help measure the probability and risk of future events. They are passionate about finding ways to support our customers without exposing ourselves to unnecessary risk. From reporting to pricing, from valuations to solvency, from data to digital, our actuaries have a say. A big say!

Please note: Typically, our grads are usually placed in Bristol, York or Eastleigh. If you join us as a graduate, you could be based in any of these locations, so we prefer people to be flexible.

About the Aviva Actuarial Graduate Scheme:

We are UK’s largest insurer, a FTSE 100 company and a market leader globally so we can demonstrate all the outstanding expertise we have in house as well as partnering with training providers to help us develop well-rounded Actuaries with insurance orientated actuarial, financial and commercial knowledge.

The duration of the scheme is dependent on how long it takes you to complete your Level 7 Apprenticeship (equivalent to a Master’s degree). You're then supported to achieve the class of Fellow with the Institute and Faculty of Actuaries (IFoA) to become a fully qualified actuary and we’ll seek to get you through it in around 4-5 years.

You will complete a rotation every 18-24 months to a different actuarial team in our UK Region. Rotations are based on what best matches your developmental requirements and the needs of the business.

We have one of the largest networks of actuaries in the country so you will be in good hands from the beginning. Your line manager, buddy and your qualified mentor will all work with you and provide encouragement and support throughout your training. You also have a supportive team around you and business-wide networking opportunities to help you succeed. We give our graduates the best chance of passing their exams first time by also:

  • Providing a market competitive starting salary of £26,000 plus pay rises each time you pass key exams
  • Partnering with an internationally recognised training provider
  • Providing a generous amount of off-the-job training (study leave) – up to 50 days paid so that you can balance the demands of studying and working
  • Funding students’ membership of the IFoA and examination fees

You will also be entitled to:

  • 29 days holiday
  • Pension
  • Discounted Aviva products
  • A discretionary bonus (if you and the company do well)
  • And access to a range of flexible benefits too

Entry criteria:

It isn't necessary to have an Actuarial Science degree to join this programme, but you’ll need to have studied something in a numerical or STEM discipline (with a 2:1 either achieved or expected), with a passion and love for maths and problem solving!

As well as that, you’re going to need 120 UCAS points from three A-levels (not including General Studies), with at least a grade B in Maths.

Where are the roles located?

Actuaries here are actually very important. They’re the essence of who we are so they work in lots of places. Typically, though, our grads are usually placed in Bristol, Norwich or York. If you join us as a graduate, you could be based in any of these locations, so we prefer people to be flexible (although if you have a strong preference you can tell us during application).  They’re all phenomenal places though, and they all have great offices as well as all being vibrant cities with big communities of ex-students.

The recruitment process:

We live Aviva's values, with a culture of continually challenging and improving what we do and how we do it. We invest in our people, expect a curiosity and courageous mindset. We search for dynamic individuals who have the makings of an outstanding leader and communicator. We will assess your problem-solving and communication skills, as well as understanding how connected and aligned to our values you are throughout the process.

The process itself is:

  • Make an online application – this will include answering a short questionnaire about your motivations and attaching your CV
  • If you pass the initial screen you will be sent some numerical and verbal reasoning tests
  • Pass those and you’ll have a telephone interview
  • And if you do well in both, there’s an assessment day

The closing date for applications in 31st January 2020. Assessment centres will take place in early 2020 and successful applicants will join us in Summer 2020.

Job Number: 0123

Community / Marketing Title: Actuarial Graduate Scheme

Location: Bristol, England, United Kingdom