- Location: Stratford upon Avon – initially full-time office working before transitioning to hybrid working (2 days per week from home).
- Start Date: July 2026 – July 2027 – flexibility available for course dates and holidays
- Duration: 12 months
- Entry Requirements: Penultimate year of an undergraduate degree in actuarial science, mathematics, statistics, economics or another numerically focused subject, with an ‘A’ in A-Level Maths (other A-Levels at grade B or above) and at least grade 6 (B) in GCSE English Language.
- Salary: £30,987 + up to 10% annual bonus
- Hours: 35 hours per week.
About the scheme
At NFU Mutual, actuaries sit at the heart of our business. They help us understand risk, manage reserves, and make sure we remain financially strong for our customers. As an Actuarial Placement student, you’ll be part of our Finance Actuarial department, gaining hands-on experience and real responsibility from day one.
This 12-month opportunity is designed for undergraduates in the penultimate year of their degree – ideally in actuarial science, mathematics, statistics, economics, or another subject with strong mathematical content.
What you can expect
You’ll join one of two teams within our Finance Actuarial area. One placement will sit in Actuarial Services, which blends work across our Services and Profitability teams, supporting financial modelling, analysis and reporting. The other will be within Reserving, where you’ll help calculate and analyse the reserves we hold for customer claims. In both, you’ll contribute to meaningful work that helps inform business decisions and gives you a real insight into how a successful insurer operates.
While you’ll be based in one team, there’s plenty of opportunity to learn about what other teams do too. We’ll encourage you to shape your own development and take up opportunities that match your interests – whether that’s exploring technical skills through online courses like SQL, learning directly from qualified actuaries, or getting involved in departmental projects. You’ll receive lots of on-the-job training, regular guidance from your manager, and the chance to present your work through informal team sessions, including an end-of-placement presentation on what you’ve learnt.
This placement offers the perfect opportunity to see what life is like in a leading financial services business while gaining first-hand experience in actuarial work. By the end of your year with us, you’ll have developed valuable technical and professional skills, contributed to real-world projects, and built connections that could help shape your future career – whether that’s returning to university with a clearer direction or applying for our Actuarial Graduate Scheme after you graduate.
At the start of your placement, you’ll be office-based full time to make the most of the learning environment and build relationships with your colleagues. Once you’re settled, you’ll move to a hybrid way of working, balancing office collaboration with the flexibility to work from home. We’ll also support you with any academic requirements set by your university to ensure your placement experience aligns with your course.
Application Process
If your application is shortlisted, you’ll be invited to complete an online assessment designed to measure your potential for success, such as your ability to learn and solve problems. Should you be successful, you’ll move on to a short video interview. The final stage will be a virtual interview where we’ll explore your skills and potential further.
Please note this vacancy may close at any time once sufficient applications have been received. Early submission of your application is therefore encouraged.
What we’re looking for
To join our Actuarial Placement, you’ll need to be working towards an honour’s degree, studying actuarial science, mathematics, statistics, economics, or another subject with a strong mathematical focus. You’ll also need solid academic foundations in maths and English – specifically an ‘A’ in A-Level Maths (with your other A-Levels at grade B or above) and at least a grade 6 (B) in GCSE English Language.
We’ll be looking for:
- Communication and storytelling – the ability to explain complex ideas clearly and bring data to life for different audiences.
- Data confidence and digital literacy – comfortable working with data and eager to build your skills with tools and software used in actuarial work.
- Analytical and numerical skills – a sharp eye for interpreting data, spotting trends, and drawing meaningful conclusions.
- Prioritisation and time management – able to balance multiple projects and deadlines, especially while studying towards exams.
- Problem-solving ability – creative and logical thinking to tackle challenges and recommend practical solutions.
- Attention to detail and accuracy – ensuring your work is reliable, robust, and can be trusted to inform big decisions.
- Knowledge of Excel and programming (SQL/VBA) – an advantage, but not essential, as we’ll support you to grow these skills.
Any work experience would be helpful, but it’s by no means a requirement. What really matters is your curiosity, enthusiasm and drive to learn. If you bring an open mind, a positive attitude, and a willingness to get involved, we’ll give you all the guidance and opportunities you need to make the most of your year with us.
