Actuary

• Complete a year-long industrial placement in the actuarial profession
• Work on meaningful projects that contribute to the business and support clients
• Gain hands-on experience working alongside experienced actuaries
• Explore a future actuarial career
• Attend the assessment centre at the London office on 10 November 2026

Actuarial Placement Year

• Design realistic scenarios involving loss costs, rate indications, trend, development, credibility, segmentation, reserving, profitability, capital, catastrophe exposure, and portfolio concentration
• Create pricing analyses, reserve reviews, portfolio diagnostics, assumption critiques, sensitivity analyses, and management recommendations
• Write “golden” reference responses at experienced actuarial and portfolio-risk quality
• Grade AI-generated responses against structured rubrics for mathematical accuracy, assumption quality, methodology, interpretation, and communication
• Identify calculation errors, unsupported assumptions, misuse of actuarial methods, confusion of correlation with causation, and recommendations not supported by data
• Provide written feedback used by the research team to improve model behavior
• Participate in onboarding office hours and calibration sessions

P&C Actuary – Portfolio Risk Manager

• Collaborate with Risk, Investments, and Finance teams to secure stakeholder buy-in and drive improvements to systems, processes, and technology
• Apply knowledge and insights relating to the management of Matching Adjustment assets and their impact on policyholders
• Deliver strong business outcomes across capital, profitability, brand reputation, and regulatory compliance
• Support delivery of PIC's Matching Adjustment strategy through technical expertise and oversight on investment opportunities, regulatory applications, and matters affecting the MA portfolio
• Conduct and document asset eligibility assessments, evaluate associated risks and implications, and provide analysis, challenge, management information, committee papers, and recommendations
• Support MA applications and regulatory interactions with the PRA, including preparing and reviewing analysis, briefing materials, and responses to information requests
• Build and maintain relationships across PIC and with external stakeholders, advising on investment opportunities, asset transfers, MA eligibility, and fundamental spread assessments
• Review analysis and recommendations relating to Additional Fundamental Spreads under the UK Solvency regime
• Support the Head of MA and Investment Business Partnering and senior management on strategic, regulatory, and cross-functional initiatives
• Develop technical and non-technical expertise and contribute to the wider capability of the Finance function
• Keep informed of industry trends, market developments, regulatory changes, and best practice within actuarial science, investments, and the pension risk transfer market

Actuary jobs in United Kingdom

Actuarial Placement Year

P&C Actuary – Portfolio Risk Manager

Senior Actuary – Investments Business Partnering