Internship - Actuarial

Application deadline:  17^th November 2024

Programme start date: July 2025

Eligibility:  Penultimate year students graduating in Summer 2026

Who we are:

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £68 billion of assets under management, we secure the pensions of more than one million people and pay out, on average, approximately £200 million in pension payments each month.

Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury, the Civil Aviation Authority, the Co-Operative, Morrisons, Smiths Industries and Telent. At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

Internship Programme

Our internship programme is designed to provide hands on work experience within a fast-pace financial services environment, allowing you to develop the key skills to jump-start your career.  

The 8 week structured programme will start with a fundamentals week offering insight into Rothesay, your team and the financial services industry.  Through-out the programme there will be both on-desk and off-desk technical and business skills training, providing career building exposure to accelerate your future after you graduate.  You will gain visibility and experience in a flat structure, with the opportunity to network and socialise across different levels and teams throughout the firm.  Rothesay is a rewarding place to work, where quality people can thrive and prosper.

The role

We have vacancies in the Pricing and Reinsurance team and the Capital team. The Pricing and Reinsurance team focuses on the pricing, underwriting, negotiation and execution of new pension and reinsurance deals, working with a focus on the largest deals in the market. The Capital team focuses on life insurance reporting and the monitoring of regulatory and economic capital, the computation of balance sheet impacts for a wide range of prospective asset and liability transactions, and delivering strategic regulatory-driven projects.

When you join us, your work will be highly varied involving all aspects of pensions and insurance actuarial work, and will involve significant interaction both internally with other teams and disciplines throughout the business, and externally, with clients and advisors.  You will need to be able to balance teamwork, intellectual curiosity and leadership potential with a passion for excellence and an interest in the financial markets.  Candidates joining this team on a permanent basis would be expected to study for the Institute and Faculty of Actuaries (IFoA) qualification with an expected specialism in pensions or life insurance. 

What we offer

• A meritocratic, driven and stimulating environment where success and achievement are rewarded
• Work with support from leaders in the industry and excellent on-the-job training supplemented with class-based business training where best applies

What we are looking for

• We recruit from all academic disciplines; although a high degree of numeracy is essential.
• Impeccable academic credentials are essential. You must have an expected degree minimum of a 2:1 or equivalent from a leading university.
• Internships & work experience in the financial services sector is desired but not essential
• Fluency in English is a prerequisite.

Disclaimer This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level.  The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request.  There are no specific health risks associated with the role.

Inclusion Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.

The collection of applicant diversity data allows Rothesay to map and gain insights into the impact of our DEI strategy for talent attraction. This data is anonymised and is not analysed against individual applications. By requesting mapping our applicants’ demographic profiles, we can identify the under-represented groups. This enables us to identify any barriers to increasing our diversity and take action.