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Benefact Group · Tewkesbury, England, United Kingdom
Working hours:
35 hours per week, Monday to Friday
Duration:
12 month placement
Gloucester
Closing date for applications:
Friday 8th January 2027
Start date:
September 2027
Job Ref:
205617
About the role
Benefact Group
are looking for an
Undergraduate
to join our
2027 Actuarial Placement Programme
in
Gloucester
. This paid 12-month placement offers hands-on experience across Pricing, Reserving and Capital Modelling within a well-established General Insurance Actuarial team.
You'll work on real business challenges, support key decision-making, and develop valuable technical and commercial skills while gaining insight into a rewarding actuarial career.
This placement is an excellent opportunity to apply your academic knowledge in a practical environment, learn from experienced actuaries, and build a strong foundation for your future career.
Why join us?
Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK's 15 Best Big Companies to Work For in 2025, we offer fantastic career and development opportunities within a rapidly growing, innovative Group - where all profits go to charity and good causes.
Price monitoring
Business plan claims forecasting
Capital model uses to support business decisions
What you'll need to have
On track to achieving at least a2:1 degree (or equivalent) in statistics, Actuarial studies, Computing, Mathematics, Economics or Physics.
Strong analytical and mathematical skills.
A strong track record of personal success as well as academic achievement.
What makes you stand out
A proactive mindset, with the drive to spot opportunities and make meaningful improvements.
The ability to work independently and consistently deliver high-quality results with minimal supervision.
Effective communication skills to build effective relationships.
Strong commercial awareness with the ability to create practical, balanced solutions that deliver real value.
An interest and understanding for the general insurance industry and actuarial career.
What we offer
Hybrid working
Group Personal Pension - up to 12% employer contribution
Generous annual bonus scheme: on-target bonus between 6% and 24%
25 days annual leave plus bank holidays, and a holiday buy and sell scheme
An array of health and wellbeing benefits, including private healthcare, income protection and life assurance
£200 annual personal grant to a charity of your choice
Encouraged to take at least one volunteering day per year
Employee Assistance Programme
Full study support to gain professional qualifications
Access to virtual GP
Enhanced maternity and paternity pay
Hear from the hiring manager
"Our Actuarial team offers a dynamic and supportive environment where interns can apply their university learning to real-world challenges. Whether it's pricing new products, understanding the impact of the economic environment on cost of claims, or modelling the impact of catastrophes, you'll gain a hands-on and broad actuarial experience. It's a chance to grow your skills, contribute to meaningful work, and explore where an actuarial career can take you."
About us
Benefact Group
is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.
We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.
At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.
If you need any additional support during the recruitment process, then please let us know.
Details
| Company | Benefact Group |
| Location | Tewkesbury, England, United Kingdom |
| Type | FULL TIME |
| Niche | general |