Actuarial Intern

Job Ref: 13571
Sector: Admin & Secretarial
Job Type: Temporary
Date Added: 24 September 2019
  • Edinburgh, City of Edinburgh, Scotland, Scotland Morrison Street Edinburgh EH3 8BW
  • £75 per Day
  • Laura Fraser
  • 0131 220 1255
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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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22/10/2019 09:00:00
GBP 75 75