Actuarial Analyst Placement Year

 Location: Stratford upon Avon - initially full-time office-based working before transitioning to hybrid working (2 days per week from home)

 Start Date: July 2027

 Duration: 12 months fixed-term contract

 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: £31,864 + up to 10% annual bonus

 Hours: 35 hours per week

At NFU Mutual, our actuaries sit at the heart of our business, helping us understand risk, manage reserves and ensure we remain financially strong for our customers.

You'll join our close-knit Actuarial team, working alongside actuaries and analysts to support key business decisions. You'll gain exposure to a range of activities, including:

You'll gain exposure to a range of activities, including:

 Calculation and analysis of reserves (the money we hold to pay future claims)

 Analysing data and trends to identify key insights

 Profitability analysis and business planning

 Sharing technical management information (MI) and insights with the business

 Working with actuarial models and tools

 Support process improvement and reporting

This is a varied and hands-on role where you'll be trusted and encouraged to contribute, apply your analytical skills, and support real business outcomes from an early stage. This placement year offers a fantastic opportunity to develop your skills and gain valuable experience within a core actuarial function. It may be ideal undergraduates in the penultimate year of their degree who are looking to gain practical experience before graduating.

Your development

Although you'll be a key member of your team, you'll also gain exposure to how different actuarial areas connect across the wider function.

We'll support you with:

 Structured on-the-job training and guidance from experienced actuaries

 Opportunities to build your technical skills, including Excel, data analysis, and potentially SQL

 Involvement in team and departmental projects

 Opportunities to present your work and share insights, including an end-of-placement presentation on what you've learnt

What you'll gain

By the end of the 12 months, you'll have:

 Developed a strong understanding of working in an actuarial function within a successful insurance company

 Built on your practical analytical and problem-solving skills

 Gained insight into how actuarial work supports wider business decision-making

This role offers a strong foundation for anyone considering a long-term career in actuarial, including future opportunities within NFU Mutual. If you're interested in continuing your journey with us through a structured qualification pathway, you'll also have the opportunity to apply for our September 2029 Actuarial Graduate Scheme, which we expect to open in September 2029. Alternatively, you may choose to explore other internal opportunities that arise across the business, depending on your interests and career goals.

Application process

If you're shortlisted, you'll be invited to complete an online assessment designed to explore your potential for success, including your problem-solving and learning ability. If successful, you'll be invited to complete 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.

To be successful in this role, you'll be working towards a degree in actuarial science, mathematics, statistics, economics, or a related numerically focused subject. You'll also need strong academic foundations in Maths and English, including an 'A' in A-Level Maths and at least a grade 6 (B) in GCSE English Language.

We're looking for someone who can bring:

 Strong communication skills - able to explain complex ideas clearly and confidently

 Data confidence and curiosity - comfortable working with data and keen to develop technical skills

 Analytical thinking - able to interpret data, identify trends and draw meaningful conclusions

 Organisation and prioritisation - managing multiple tasks and deadlines effectively

 Problem-solving skills - approaching challenges logically and creatively

 Attention to detail - producing accurate, high-quality work

Experience with Excel or programming (e.g. SQL/VBA) is beneficial but not essential - we'll support you in developing these skills.

Any work experience would be valuable but is 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 time with us.

At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

 Salary £31,864 per annum

 Annual bonus (up to 10% of salary)

 Contributory pension scheme, up to 20%, including your 8% contribution

 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme

 A Family Friendly policy that helps you balance your work and family responsibilities

 Access to savings at High Street brands, travel and supermarkets

 £20 contribution to a monthly gym membership - subject to T&Cs

 Health and wellbeing plan - cashback for dentist, opticians, physio and more

 Access to voluntary benefits, including health assessments, private medical insurance and dental insurance

 Employee Volunteering - volunteer in the community for one day each year

 Mentoring opportunities to help you grow your career

 Unlimited access to Refer a Friend £500 bonus scheme

 Life Assurance cover of 4 x salary

 Employee discounts of 15% on a range of NFU Mutual insurance policies.

 Salary sacrifice employee car scheme - subject to eligibility

We're one of the UK's leading general insurance and financial services organisations, and for over 110 years we've put our customers at the heart of everything we do. Our people are just as important to us, so we're proud to be recognised as "a great place to work".

Our Gallup Exceptional Workplace 2026 award was not only awarded with Distinction, but it also marked us as the first UK based company to earn a Gallup Exceptional Workplace award for eleven consecutive years. We've also been consistently recognised by Glassdoor. We appeared in the Glassdoor Best Places to Work UK list in 2023, 2024 and 2026 — and in 2026, we were the highest ranked insurance business in the UK, highlighting our strong employee experience and the positive feedback our people share on the platform.

Additionally, we were named in the LinkedIn Top Companies 2026 list of "Best midsize employers to grow your career in the UK", and we've been certified as a UK Top Employer by the Top Employers Institute in 2023, 2024, 2025 and 2026.

We offer a supportive and empowering culture where people are inspired to perform, given opportunities to grow, and recognised and rewarded for their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable—so we're successful now and in the future.