Actuarial Summer Internship 2024 - London

The brand with the brolly is choosing today to change tomorrow. Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

Your role at a glance

The L&G Actuarial internship is an 8-week programme, starting in July and finishing in August, during which you will develop your skill set and gain valuable insights and work experience to ultimately decide if a graduate role in this area of the business would interest you.

Please note this role is based in London. 

This internship is a pipeline for our Actuarial Graduate Programme (although successful completion of the summer programme does not guarantee that a graduate role is available). It’s an ideal opportunity for someone looking to gain actuarial experience before applying to our graduate scheme; please consider whether you are truly interested in a career as an Actuary before making your application.

As part of a cohort of interns, you will also have the opportunity to connect with your peers and colleagues though our Future Talent induction, networking opportunities and social events. Joining L&G is the beginning to a future that will be anything but familiar. So take a closer look, get involved, be curious and find out how we will enable you to be at your best no matter who you are.

Please note, we can only accept 1 application per person across all of our intern programmes. Therefore, please think carefully about the programme you intend to apply for because your first application will be considered as your only application. 

We recruit on a rolling basis and expect this vacancy to close before the deadline. To be in with the best chance of securing a role, please submit your application ASAP 

#FutureTalent

Actuarial work is central to ensuring a profitable, well run insurance business and your work will support the success of a FTSE 100 company. Our actuaries work throughout the business measuring, predicting and managing areas of the business with the aim of giving its customers ‘value for money’.

Over the course of the internship, you will have the chance to interact with different teams, hear from senior speakers and network with your fellow interns. Some of the day-to-day activities could include:

• Performing actuarial investigations and calculations to produce profitability information and management reports for our products.
• Managing the production of regular experience investigations for our products in order to understand the impact of changes in mortality, morbidity, expenses and persistency.
• Delivering the company and statutory financial reporting results to tight deadlines, including the supporting commentary.
• Collecting and analysing market data to provide insight and aide the pricing actuaries in setting insurance prices.
• Summarising performance of insurance products to present to senior management to aid in decision making.
• Support the actuaries in product developments, commercial deals and pricing innovations.

But most importantly you will be learning new skills and gaining knowledge of how our business works!

We are looking for people with an inquisitive mind and a desire to learn. We’re not expecting prior industry experience, but we’ll want to see that you have the tools to develop quickly. These include:

• Currently an undergraduate, in your penultimate year of study and on track to receive a 2:1 in your numerate degree subject.
• Strong numerical skills as well as knowledge of Microsoft Office products including Excel, Word and PowerPoint 
• Someone flexible who is also a team-player
• Great communication skills
• A highly organised individual, who has the ability to prioritise effectively

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Your hard work will be rewarded when you join us.

Our enterprise-wide programme means that you could be working in any of our divisions which include Group, Legal & General Insurance (LGI), Legal & General Retirement Institutional (LGRI) and Legal & General Retail Retirement (LGRR). Wherever you are placed you will be delivering essential services and activities that have a real impact on our business and our customers lives, we enable our people to do what they do best, contributing to delivering a great customer service, profitability and strategic growth.

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.