Actuarial Student Placement

Actuarial Placement Year

Location:

Stratford upon Avon - initially full-time office-based working before transitioning to hybrid working (3 days per week from home).

Start Date:

August 2026 - flexibility available for course dates and holidays.

Duration: 12 months.

Entry Requirements:
Penultimate year of an undergraduate degree in actuarial science, mathematics, statistics, economics or another numerically focused subject, with an ‘A’ in A-Level Maths, other A-Levels at grade B or above, and at least grade 6 (B) in GCSE English Language.

Salary: £31,864 + up to 10% annual bonus.

Hours:

35 hours per week.

At NFU Mutual, our actuaries sit at the heart of our business, helping us understand risk, manage reserves, and make sure we remain financially strong for our customers. This Actuarial Analyst 12-month opportunity is ideal for undergraduates in the penultimate year of their degree in actuarial science, mathematics, statistics, economics or another subject with strong mathematical content. As an Actuarial Placement student, you’ll gain hands‑on experience and real responsibility from day one.

During your placement, you’ll join our General Insurance (GI) Reserving team – a close-knit, collaborative team of around 8–9 actuaries and analysts working closely together to support key business decisions. You’ll gain exposure to a range of activities, including:

• Supporting the calculation and analysis of reserves (the money we hold to pay future claims)
• Analyzing trends in claims data and identifying key insights
• Contributing to profitability analysis and analysis for pricing and business planning
• Sharing technical management information (MI) and insights with the wider business
• Working with actuarial models and helping to improve processes and reporting

This is a varied and hands‑on role where you’ll be encouraged to apply your analytical skills to real business challenges, helping to inform decisions across the organisation.

Although you’ll be part of the Reserving team, you’ll also have the opportunity to learn about other actuarial areas and how they connect across the Actuarial function. We’ll support you throughout your placement with:

• Structured on‑the‑job training and guidance from experienced actuaries
• Opportunities to build technical skills, including Excel, data analysis, and potentially SQL and Power BI
• Involvement in team and departmental projects

We’ll also support you with any academic requirements set by your university to ensure your placement aligns with your course.

By the end of your placement, you’ll have:

• Developed a strong understanding of actuarial reserving within GI
• Built on your practical analytical and problem‑solving skills
• Gained insight into how actuarial work supports wider business decision‑making
• Experienced life within a collaborative, professional working environment

This placement is a great opportunity to explore a career in actuarial science and will provide a strong foundation if you’re considering applying to an actuarial graduate scheme in the future.

To join our Actuarial Placement, you’ll need to be working towards an honour’s degree, studying actuarial science, mathematics, statistics, economics, or another subject with a strong mathematical focus. You’ll also need solid academic foundations in maths and English – specifically an ‘A’ in A-Level Maths (with your other A-Levels at grade B or above) and at least a grade 6 (B) in GCSE English Language.

We’ll be looking for someone who can bring:

• Communication and storytelling – the ability to explain complex ideas clearly and bring data to life for different audiences.
• Data confidence and digital literacy – comfortable working with data and eager to build your skills with tools and software used in actuarial work.
• Analytical and numerical skills – a sharp eye for interpreting data, spotting trends, and drawing meaningful conclusions.
• Prioritisation and time management – able to balance multiple projects and deadlines, especially while studying towards exams.
• Problem‑solving ability – creative and logical thinking to tackle challenges and recommend practical solutions.
• Attention to detail…