Actuarial Year in Industry placement

Actuarial - Year in Industry Pathway - York/Bristol Our Actuaries are problem solvers and strategic thinkers. They have a love of maths and use their skills to help measure the probability and risk of future events. They’re passionate about finding ways to support our customers without exposing ourselves to unnecessary risk. From reporting to pricing, valuations to solvency, data to digital, our actuaries have a say, If you’re someone who loves tackling problems, with strong mathematical skills and wanting to gain experience working for a FTSE 100 company, this 12-month placement could be perfect for you. Get to know the role Actuarial – Year In Industry (Bristol, York): At Aviva, we have one of the largest networks of actuaries in the country, so you will be in good hands from the start. Based in our Investment, Wealth and Retirement (IWR) business in York, our Year in Industry students have numerous opportunities to learn and network while developing their skills and expertise. Our placement scheme roles are within the Financial and Regulatory Reporting team and the Group Actuarial and Capital Change team, giving you real responsibility for tasks and decisions that will affect our business. The work includes: Production of Solvency II and IFRS results for existing and new business Updating complex spreadsheets and code, checking their inputs, and analysing the results Understanding Excel formulae, and investigating issues in R code and in our data Identifying areas of the process that could be improved (and improving them!) What you’ll get A salary of £26,500 Valuable real-world experience to support your academic studies Huge scope for on-the-job learning and other development opportunities A great support network to help you grow into your role 25 days holiday, plus bank holidays Flexible working and wellbeing support Opportunities to get involved and give back to our local communities with paid volunteering time Contributory pension scheme Discounts on all Aviva products Eligible for performance-related bonus What we’re looking for To be considered for these 12-month placements, you must be: Studying for an undergraduate degree in a STEM-relating subject, and be on course for at least a 2:2 Have a minimum of a B grade in A Level Maths or equivalent On a course that supports a placement year Available to work full-time (35 hours per week) from July 2025 to the end of June 2026 Eligible to work in the UK for the duration of your placement, without requiring sponsorship Intending to return to university for your final year of study after the placement (graduating in 2027) And have: Strong numerical and analytical abilities, with capability to interpret data and solve complex problems Good communication skills, and proficiency with a variety of computer packages, particularly Excel, and coding languages such as R and Python Strong attention to detail A working knowledge of industry products and regulations, alongside an understanding of actuarial methodologies and techniques – knowing there plenty more to learn during the placement Where could you be based? The Actuarial Year in Industry role is based in Bristol and York: both buzzing places in which to launch your career. You’ll need to live within commuting distance of the office where the role is based, or willing to relocate prior to your start date, as you’ll need to spend time with your team in person, as well as virtually, working from home. Three days in the office and two days from home is typical, but this will vary between teams. Things undergraduates love about Aviva Yes, we’re the UK leading diversified insurer. But we’re customer-centric and planet-minded. We’re acting on climate change and helping others do the same. We’re building stronger communities and investing in a future we all want to live in. And we’re changing the way we do business by championing everything from the living wage to women leaders. We’re proud to be diverse, and just like our 19.5 million customers, our people are a mix of cultures, genders, and ages. We understand that one size doesn’t fit all and promote flexible ways of working for our team, so you can find your spark, your way. The work we do is rewarding and challenging. And whatever role you’re in, we’ll give you the training you need as well as opportunities for you to develop yourself and grow in your career. We’re continuously moving forward as a business, and we’ll make sure you do too. How to apply The application deadline is 30th April 2025. However, we may close the application process earlier if we receive a large number of suitable applications. To set your expectations and help you prepare, there are three steps in our Year In Industry application process: Online application - complete a short questionnaire about your motivations, and submit it along with a copy of your CV. Online situational strengths and numerical reasoning test An interview over Teams Shine there and we'll offer you a role to start in June 2025. Aviva is committed to inclusivity We're inclusive, and keen to attract applications from people with diverse backgrounds and experiences. Research tells us that women in particular will often rule themselves out if they feel they don't tick every box. But don't let that stop you. If you truly believe you have what it takes, we'd love to hear from you. We interview every disabled applicant who meets the minimum criteria for the job. During your application, there will be an opportunity for you to send us an email stating that you have a disclosed disability. Please submit your application online if you can. But if that presents a problem, just email jessica.mason@aviva.com and we'll make sure you’re supported. To find out more about working at Aviva in general, take a look here. We help our 19.5 million customers to save for the future and manage the risks of everyday life. To give these customers the best possible products and service we know we must make Aviva the most attractive choice for talented, entrepreneurial people with diverse backgrounds and an evolving range of expertise and insight. So, we’re passionate about helping our 23,000 people to do the best work of their lives, to enable them to make a positive difference to the lives of our customers.