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Actuarial graduate scheme

The science behind our solutions. Find a career that exceeds your expectations.

Actuarial. What’s it all about?

Well, in a nutshell, this is about maths. Not the sums you get on Countdown (although if you’re a dab hand at them, that’s a great start). But essentially, this is about the mathematical thinking that underpins everything we do. From reporting to pricing, from valuations to solvency, from data to digital, our actuaries have a say. A big say.
So if you’re a natural problem solver and you’d love to be an important part of an important company (we’re the UK’s largest insurer), this is a very, very empowering place to be.

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Insurance is a risky business

Managing risk is why actuaries are so important. They focus on the future – on what could happen (using maths and stats, not crystal balls). We use exacting data. The most cutting-edge technology. Innovative thinking. We help people and organisations to protect themselves from the unexpected. So expect to be challenged. Expect to be fulfilled.

Why Aviva?

You might think we’re just another boring insurance firm, but we’re not. We don’t show up for work in pressed suits and shiny shoes, or use technical terms just for the sake of it. At Aviva, we’re proud to be different. Proud to say that we’re a diverse mix of cultures, genders, ages, perspectives and ideas.

Most important of all, we’re an organisation with a purpose. We want to lead the way forward in our sector, which is why we focus on being the best we can be. Every day. Together, we’re building a better tomorrow with a little help – a lot, actually – from the leaders of the future.

No matter who you are, where you’re from or what your interests are, you can be sure there’s a place for you at Aviva.

What you can expect

Usually, this programme lasts for around four years. You’ll move to a different actuarial team about every eighteen months – they include everything from Healthcare Reporting to Data Science and Digital.
You’re likely to follow a Level 7 Apprenticeship pathway (which is equivalent to a Masters degree) and then we’ll give you the support you need to become an actual actuary– and a leader too.

What you’ll be doing

You’ll be thinking about probability. About how we can best support our customers without exposing ourselves to unnecessary risk. So that means looking at the data. The small print. Lots and lots of complex information. And then turning all of that into meaningful insights that will shape what we do and how we do it.

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Where you’ll be based

Actuaries here are actually very important. They’re the essence of who we are. So they work in lots of places. They’re based in Bristol, Norwich and York. If you join us as a graduate, you could be based in any of these locations, so it’s important that you’re flexible. They’re all vibrant cities with big communities of ex-students. And they all have great offices.
But, as lovely as our offices are, you might not need to be there every day. We trust our employees to think for themselves. We create a space where everyone feels comfortable speaking up. We all seek out views that oppose our own. We empower each other to think creatively to solve problems, to make crucial decisions. To work in a way that suits us.
That’s why we have Smart Working. It gives you the chance to work from home for some of your working hours, if the placement you are in can support this.

Bristol   Norwich   York

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What you’ll need

You don’t need to have an Actuarial Science degree to join this programme, but you’ll definitely need to have studied something in a numerical or STEM discipline (with a 2:1 either achieved or expected). If that sounds like you, our training will help you get where you want to be.

As well as that, you’re going to need three A-levels (not including General Studies), with at least a grade B in Maths. You’ll also be someone who loves a bit of problem solving and who has a commercial approach.

What you’ll get

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Great starting salary

A great starting salary of £26k with regular increases throughout your training

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Paid study leave

Up to 50 days of paid study leave per year (we know fitting exams around work can be tricky)

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Pension scheme

A market-leading contributory pension scheme

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Wellbeing initiatives

Health-focused products, policies and support, including healthy eating programmes, regular check-ups, exercise classes and more

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Flexible working

A Smart Working initiative that gives you the chance to work from home

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Bonus

A bonus if you achieve what we’re looking for from an individual and company perspective

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Annual leave

29 days of holiday, plus bank holidays

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Exam fees paid for

All your exam fees covered – and your Institute & Faculty of Actuaries membership costs too (we’re nice like that)

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Great managers and mentors

Great managers and mentors who’ll help you to think creatively and do great work

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Discounts

Money off all of our products and services

Meet the team

Alex

Eve

Salman

Application process

During the application process, we’ll want to hear about what you enjoy doing and what you are good at. And it goes without saying you’ll need to feel a connection with our values.

Sounds good? Great. Here’s what you need to do now.

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Step one – Apply online

This process will include answering a short questionnaire about
your motivations and attaching your CV

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Step two – Tests

If you’re shortlisted, you’ll be sent a critical reasoning test and a numerical reasoning test

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Step three – Telephone interview

Pass the tests and you will have a telephone interview with a member of our recruitment team. They will want to find out a bit more about your motivations for choosing Aviva and this programme

Step four – Video interview

If you are shortlisted, you’ll then have a video interview with some of our hiring managers. This will give you the opportunity to ask us questions too

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Step five – Assessment day

If you do well, you’ll be invited to an assessment day. Impress us there and you’ll be offered the role. Most of our positions will start in September 2022, but there may be an opportunity for some to start earlier, depending on business requirements at the time

We currently have
227 roles across
10 locations, organised into
12 teams.