About the job
Job summary
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 provide advice with strong analytical foundations to government across a range of significant policy initiatives. We enable government to better understand and quantify risk and uncertainty and in turn help shape better outcomes for the UK public.
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.
Job description
Why choose a Graduate Trainee Actuary role with GAD?
At GAD, the demand for actuarial expertise is growing as the world becomes increasingly complex. To meet the challenges of the future, you are equipped to work across diverse areas, offering flexibility and opportunities to expand your skills. We are committed to supporting your development so you can thrive in a constantly evolving landscape.
Our Graduate Trainee Actuary program is designed to help you reach your full potential as a trusted expert within the heart of government. We offer generous support for your actuarial exams, along with opportunities to develop your consultancy skills in a collaborative and inclusive environment that fosters growth and empowers you to succeed.
As a Graduate Trainee Actuary in GAD, our structured rotation program will provide the opportunity to develop both your technical and consulting skills. You’ll strengthen your communication, client engagement, and project management abilities, while deepening your understanding of essential actuarial and analytical techniques within a supportive environment.
To further this development, we encourage our Graduate Trainees to undertake secondment opportunities and work directly with clients and colleagues in major government departments.
Person specification
What does the role involve?
As a Graduate Trainee Actuary, you’ll play a crucial role at the Government Actuary’s Department (GAD) by collaborating with a diverse team of professionals to produce high quality, impactful advice and analysis for government.
This will include actuarial advice across government in a wide range of areas including:
- applying actuarial and modern data science techniques to allow government to better understand and manage risks for important policies affecting the entire UK.
- managing costs and risks across the public service workforce, including the design and operation of public service pension schemes.
- understanding insurance risks and costs affecting government, including clinical negligence in the NHS.
- delivering bespoke advice on financial and demographic risks facing government, including social security benefits.
Our aim is to integrate analytical and actuarial techniques into government operations to enhance decision making and improve outcomes for both decision-makers and the public.
We’re dedicated to making a positive impact through innovative solutions and our typical areas of our work include the effective management of social security, pensions and risk-pooling arrangements, as well as bespoke advice including disaster risk protection.
Behaviours
We’ll assess you against these behaviours during the selection process:
- Working Together
- Delivering at Pace
- Communicating and Influencing
Technical Skills
We’ll assess you against these technical skills during the selection process:
- Achieved or on target to achieve a 2:2 or above in a degree with a high mathematical content.
Benefits
As well as competitive salaries, we offer a substantial package of benefits:
- Alongside your salary of £34,838, Government Actuary’s Department contributes £10,092 towards you being a member of the Civil Service Defined Benefit Pension scheme.
- 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 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.
Things you need to know
Selection process details
Application deadline: 1200 hrs on 31 December 2024
Assessment Centre
Dates: w/c 3 February 2025
Location: Canary Wharf – London