Actuarial Internship Edinburgh

End Date

Salary Range

Before you start your application please note alternative formats are available on request. Please contact us by emailing or calling on 0. If emailing please tell us how you would like us to respond - we can email back or call you to discuss any requirements or concerns you might have. We will get back to you as soon as we can but during busy times it might take up to 5 working days (Dont worry this wont affect your progress in the application process)

Job Description Summary

Job Description

Your First Step into a High-Impact Career
Think you can spot patterns in complex problems Actuaries do it for a living. Using mathematics statistics and commercial thinking to analyse risk predict its financial impact and help organisations make smarter decisions. They forecast future events -from how long people might live to how often accidents could happen to how financial markets might behave - and turn those predictions into strategies that ensure the financial promises we make today can still be kept tomorrow.

For 8 weeks this summer you could join them. Youll work on real projects that give you insight into one of the UKs largest actuarial teams get hands-on with powerful tools and learn from some of the UKs most experienced actuaries. All while seeing how our insights guide strategic investment manage risk and support the long-term financial health of the Group.

What you could be working on
Using pricing techniques to calculate premiums for insurance pensions and investment products.
Calculating the reserves and capital we need to cover future claims.
Analysing experience and using judgement to set assumptions for actuarial models.
Building and testing models using Excel VBA Python R Prophet or Power BI.
Designing and developing actuarial models and software to forecast risk outcomes.
Turning complex data into clear stories stakeholders can actually use.
Helping to shape investment strategies that meet regulatory requirements and balance opportunity and risk.

What makes it different
This isnt about sitting in the corner crunching numbers no one sees. Youll be part of a modernising actuarial function embracing automation agile methods and insight-driven decision-making. Youll join meetings where decisions are made and see why actuaries need not just technical and analytical skill but also commercial awareness and strong communication.

Who were looking for
You dont need to be an actuarial expert yet well help to get you there. But youll enjoy maths and problem-solving have a sharp eye for detail and enjoy spotting patterns in numbers. Youll be curious open-minded resilient and ready to take on the challenge of complex maths-based work. And because actuarial work is about influencing decisions youll need to be just as comfortable explaining your thinking as you are doing the analysis.

Whats Next
Your internship is just the beginning. Its your chance to build skills make connections and show what you can do. After your placement you could be considered for our 2027 Graduate Programme and take your career to the next level.
Progression to our graduate opportunities isnt guaranteed securing an offer is based on the following:
Your performance during the internship
Available roles
Eligibility for the Graduate Programme Read more on eligibility in our FAQs
Successfully completing the fast-track assessment process

What you need to apply
Be in your penultimate year at university.
While we do not require a set projected minimum degree achievement we strongly recommend the ability to be able to demonstrate sound knowledge understanding and technical skills aligned to the role. Some aspects of this alongside behaviours and values will be assessed through the application process.
We cannot sponsor visas.

Locations
This internship operates in Bristol and Edinburgh. You will be in that location for the duration of your internship. We support hybrid working with at least two days a week in the office

At Lloyds Banking Group were driven by a clear purpose; to help Britain prosper. Across the Group our colleagues are focused on making a difference to customers businesses and communities. With us youll have a key role to play in shaping the financial services of the future whilst the scale and reach of our Group means youll have many opportunities to learn grow and develop.

We keep your data safe. So well only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. Well always explain what we need and why with any request coming from a trusted Lloyds Banking Group person.

Were focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together were building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.