Graduate Trainee Actuary

Graduate Trainee Actuary London, England

Government Actuary's Department
Full Time London, England 32935 - 42215 GBP ANNUAL Today
Job description

Details

Reference number

313765

Salary

£32,935 - £42,215
External applicants will start on the pay band minimum for the role appointed to, unless they can prove they have exceptional skills in line with the requirements of the role. Internal applicants applying on promotion will usually be appointed to the salary minimum or within 5% of existing salary. Standard pay rules apply for existing civil servants.

Job grade

Other
Junior Trainee Actuary

Contract type

Permanent

Business area

GAD - Analytical Solutions Team

Type of role

Analytical
Risk Management
Statistics

Working pattern

Flexible working, Full-time, Part-time

Number of jobs available

6

Contents

    Location

    About the job

    Benefits

    Things you need to know

    Apply and further information

Location

10 South Colonnade, Canary Wharf, London E14 4PU / Edinburgh Government Hub Queen Elizabeth House, Edinburgh EH8 8FT

About the job

Job summary

We are the centre of actuarial expertise within government providing advice and analysis to government across a range of significant policy initiatives. We enable government to better understand and quantify risks and in turn result in better outcomes for the UK public.

We are now looking for graduate trainees to join our actuary team.

As a graduate trainee, you will play a crucial role at the Government Actuary’s Department (GAD) by working with other professionals to produce high quality advice and analysis for government. This will include actuarial advice to 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 goal is to integrate modern analytical and actuarial techniques into the business of government to achieve better outcomes for decision-makers and the public.

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.

We are an inclusive organisation which values the strength of a diverse team, supported through staff networks and an active Diversity and Inclusion strategy. We encourage everyone to apply to join us.

Job description

Our trainee programme will support you in reaching your full potential as an expert adviser within the heart of government, including generous support through your actuarial exams and opportunities to develop your consultancy skills.

Government has a wide need for actuarial advice which is growing over time as the world becomes more complex. GAD’s staff need to be equipped to work across a range of different areas to rise to the challenges of the future.

As a Trainee Junior Actuary in GAD, you will develop both your technical and consulting skills through our structured rotation programme. This programme will help you develop your communication, client engagement and project management skills, as well as your understanding of key actuarial and analytical techniques.

We also encourage trainees to undertake secondment opportunities and work directly with clients and colleagues in major government departments.

Person specification

Please refer to the job description for more information about the role and the assessment criteria.

Behaviours

We'll assess you against these behaviours during the selection process:

  • Working Together
  • Delivering at Pace
  • Communicating and Influencing

Benefits

As well as competitive salaries, we offer a substantial package of benefits:

  • 25 days annual leave per year, increasing to 30 days after 5 years’ service. In addition, 9 days public and privilege days leave per year (pro rata for part time colleagues)
  • Hybrid working – GAD expects colleagues in the office 50% of the time. We would expect you in either our Canary Wharf or Edinburgh office, at least two / three days a week, dependent on operational requirements and typically the other days at home.
  • Pension - An average employer pension contribution of 27% per year.
  • Professional Fees – you can claim back the cost of professional fees associated with your role.
  • Extensive talent, career and personal development, with up to ten days a year, being used for Continuing Professional Development.
  • Family-friendly policies such as help with caring responsibilities, special leave, generous paid maternity, paternity and adoption leave
  • A working culture which encourages inclusion and diversity
  • Complimentary BUPA health check for permanent colleagues
  • Community volunteering programme, the opportunity to join a trade union, access to Edenred discounts, some examples include, 5% off supermarkets, and up to 40% off gym memberships and social groups
  • Salary advances for travel costs, including season tickets and cycle-to-work schemes

Things you need to know

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours and Strengths.

Application deadline: 1200 hrs on 15 January 2024

Assessment Centre 1
Shortlisting: w/c 13 November 2023
Dates: 27-30 November 2023
Location: Canary Wharf Office - London, E14 4PU

Applications received before 23:59 on 12 November 2023 will be considered for invitation to assessment centre 1, subject to number of applications received.

Assessment Centre 2
Shortlisting: w/c 15 January 2024
Dates: 19-22 February 2024
Location: Canary Wharf Office - London, E14 4PU

Please apply via the Reed recruitment portal below.

Please DO NOT email your CV as shortlisting will be carried out based on information provided in your application form only.

Shortlisting criteria is based on the Person Specification as set out in the Assessment Criteria section of the Job Description. Please ensure you provide examples of how you meet the Assessment Criteria; a strong application will also demonstrate that you meet the required criteria that are identified as key for this role. Applications will be shortlisted in line with the essential criteria for the role. Behaviours will be assessed at interview stage. Candidates who are successful at shortlist will be contacted as soon as possible and advised of the interview process and assessment (exact times and dates will also be confirmed).

A reserve list will be held for a period of 12 months from which further appointments can be made.


Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.
People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

  • UK nationals
  • nationals of the Republic of Ireland
  • nationals of Commonwealth countries who have the right to work in the UK
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
  • nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
  • individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
  • Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service
Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Apply and further information

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

Recruitment team

Further information

The Government Actuary’s Department’s recruitment processes are underpinned by the recruitment principles of the Civil Service Commissioner, which outline that selection for appointment be made on merit on the basis of fair and open competition http://civilservicecommission.independent.gov.uk/civil-service-recruitment/ If you feel at any time your application has not been treated in accordance with the values in the Civil Service Code and/or if you feel the recruitment has been conducted in such a way that conflicts with the Civil Service Commissioner’s Recruitment Principles, you may make a complaint, by contacting Wendy Dabinett at [email protected] in the first instance. If you are not satisfied with the response you receive you can contact the Civil Service Commissioners.
https://www.gov.uk/government/organisations/government-actuarys-department

Graduate Trainee Actuary
Government Actuary's Department

www.gad.gov.uk
London, United Kingdom
Martin Clarke
Unknown / Non-Applicable
51 to 200 Employees
Government
Related Jobs

All Related Listed jobs

Support Worker
Nurseplus Croydon, England 12.5 - 18 GBP HOURLY Today

Daily tasks can include, assisting with eating and drinking, meal preparation and planning, personal care, companionship and encouraging the service users

office administrator
KnowledgeWorks Global Ltd. Remote 28328 - 14695 GBP ANNUAL Today

*

_ Job Description _

Journal Office Administrator

Company: KGL Department: KGL-Editorial – UK (Remote)...

Cleaning Operative
Royal Mail Group Cardiff, Wales Today

As part of Royal Mail Property & Facilities Solutions you will work from 13:00 to 17:00 either as part of a team or as the only cleaner on site, ensuring we

Restaurant Worker
Wardon Food Co Ltd Worcester, England 10 - 12 GBP HOURLY Today

You will be serving customers, packing takeaway orders, dispensing drinks. You will respond to orders in a timely fashion ensuring that you have prepared the

Office Administrator
Conrad Connect London, England 35000 GBP ANNUAL Today

Upon completion of introductory training, you will be eligible for hybrid working, including 3 days in the office and 2 days at home.