Actuarial Intern

Job Title: Actuarial Intern
Contract Type: Temporary
Location: Edinburgh
Salary: £75 per day, Benefits: Annual Bonus and Flex Bonus
Start Date: 2019-09-30
Reference: 13571
Contact Name: Laura Fraser
Contact Email:
Job Published: September 24, 2019 14:05

Job Description

I am currently recruiting for an Actuarial Intern to work with one of the UK leading banking groups. The role is based in Edinburgh City Centre and will be for a 6 months with a possible extension. Please note that this is a full time role and you will need to be able to commit to the full time.


Purpose of Role:

The Actuarial Rectifications Team play a key role in ensuring that policies are managed in line with the policy provisions, policyholders’ expectations and FCA requirements.

The key purpose of the role is to assist the team with additional actuarial input into a number of important projects including:
  • Analysing different remediation approaches and writing options papers
  • Writing calculation specifications
  • Building models in Excel or Access
  • Testing IT models
  • Performing remediation calculations for policies and checking calculations
  • Handling queries relating to the use of the models
  • Determining approaches to non-standard cases.
  • Ensuring TCF issues, cost implications and practical constraints are taken into account when formulating solutions.
  • Reviewing and writing report documents relating to the project.

Key competencies, knowledge & skills:
  • Minimum 2:1 or better in numerate subject, looking for a an actuarial career (A Levels / Highers – B in Maths minimum)
  • Strong technical ability in analysing problems, determining solutions and specifying calculations
  • Effective written and verbal communication skills
  • Effective influencing skills
  • Knowledge of Excel, experience in VBA preferred but not essential
  • Attention to detail

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