Actuarial Associate - Entry Level

We are seeking a dynamic and highly-motivated individual to join our Life and Financial Services practice in the UK in September 2027.

Milliman’s Life and Financial Services practice in the UK offers a high standard of consulting services to financial services providers such as life insurance and reinsurance companies, asset managers, investment banks, and regulatory bodies. Our consulting services for our clients include merger and acquisition services, restructuring advice and implementation, independent review, Chief Actuary and With-Profits Actuary roles, and risk and capital management services. Our client base includes firms in the UK, Europe, and the US.

You will be working as part of a team, focusing on delivering actuarial and analytical solutions to our clients. You should be deadline-driven with the ability to juggle multiple, competing priorities.

Milliman offers a competitive study package to support you in qualifying as an actuary.

Responsibilities

• Manage the technical aspects of specific client assignments (including running analytics tools and building models), within agreed budgets and timeframes;
• Process and handle data;
• Manage day-to-day interaction with, and expectations of, specific clients;
• Attend client meetings as required;
• Assist in the timely production of reports to clients;
• Understand and comply with the Life and Financial Services practice’s risk management processes and procedures;
• Ensure that, for the assignments being managed, compliance is fully documented;
• Assist in the development and implementation of the practice’s marketing plan;
• Deliver presentations and produce articles in collaboration with other members of the team;
• Maintain high standards of technical knowledge and understanding, through reading of technical papers, participation in appropriate seminars, conferences, etc.;
• Disseminate this knowledge and understanding amongst colleagues and, where appropriate, clients;
• Provide assistance as and when needed to other team members;
• Work towards timely qualification as a Fellow of the Institute and Faculty of Actuaries;
• Carry out all tasks within the job holder’s level of skill and ability.

Qualification

Requirements

• An undergraduate degree at (or predicted to be) 2:1 or above in a numerical subject;

Knowledge:

Essential

• Good knowledge of Word, Excel, and PowerPoint;
• Good understanding of, and interest in, the UK insurance/reinsurance market

Desirable

• Good knowledge of VBA, Python, R, SQL or similar;
• Experience working with large datasets using statistical software;
• Good understanding of, and interest in, financial markets

Skills:

Essential

• Highly technical – strong analytical skills
• Excellent interpersonal skills.
• Excellent written and oral communication skills
• Effective time management skills
• Good research skills
• Good organisational skills
• Ability to effectively work in a team, as well as independently

Behaviour competencies:

Essential

• Driven to deliver
• Collaborative
• Motivated
• Flexible with workloads and priorities
• Committed to an actuarial career and qualification as an actuary
• Proactive

Experience:

Desirable

•  Mathematical/financial modelling

The application deadline is Friday 30 October 2026.