Actuarial Intern (Edinburgh)

End Date

Sunday 31 January 2027

Salary Range

£27,400

Before you start your application, please note alternative formats are available on request. Please contact us by emailing lloydsbankinggrouptalent@peoplescout.co.uk or calling on 0345 330 4576. If emailing, please tell us how you would like us to respond - we can email back or call you to discuss any requirements or concerns you might have. We will get back to you as soon as we can but during busy times, it might take up to 5 working days (Don't worry, this won't affect your progress in the application process)

Job Description Summary

Please make sure that you will be available to work 35 hours per week for the duration of the internship placement (Monday 21st June - Friday 13th August 2027) in order to be eligible for this programme.

Prior to submitting your application, please visit our early careers website to find out more about the schemes we offer and the recruitment journey: www.lloydsbankinggrouptalent.com.

Our schemes may close early if we receive a high number of applications, so it’s best to apply as soon as you can.

If you have any questions, please do contact the team at lloydsbankinggrouptalent@peoplescout.co.uk

Job Description

Duration – 8 weeks 

Locations – Edinburgh 

 

Your First Step into a High-Impact Career 

Think you can spot patterns in complex problems? Actuaries do it for a living. Using mathematics, statistics, and commercial thinking to analyse risk, predict its financial impact, and help organisations make smarter decisions. They forecast future events -from how long people might live, to how often accidents could happen, to how financial markets might behave - and turn those predictions into strategies that ensure the financial promises we make today can still be kept tomorrow. 

For 8 weeks this summer, you could join them. You’ll work on real projects that give you insight into one of the UK’s largest actuarial teams, get hands-on with powerful tools, and learn from some of the UK’s most experienced actuaries. All while seeing how our insights guide strategic investment, manage risk, and support the long-term financial health of the Group. 

What you could be working on 

• Using pricing techniques to calculate premiums for insurance, pensions and investment products. 

• Calculating the reserves and capital we need to cover future claims. 

• Analysing experience and using judgement to set assumptions for actuarial models. 

• Building and testing models using Excel, VBA, Python, R, Prophet or Power BI. 

• Designing and developing actuarial models and software to forecast risk outcomes. 

• Turning complex data into clear stories stakeholders can actually use. 

• Helping to shape investment strategies that meet regulatory requirements and balance opportunity and risk. 
  

What makes it different 
This isn’t about sitting in the corner crunching numbers no one sees. You’ll be part of a modernising actuarial function — embracing automation, agile methods, and insight-driven decision-making. You’ll join meetings where decisions are made and see why actuaries need not just technical and analytical skill, but also commercial awareness and strong communication. 

Who we’re looking for 
You don’t need to be an actuarial expert yet, we’ll help to get you there. But you’ll enjoy maths and problem-solving, have a sharp eye for detail, and enjoy spotting patterns in numbers. You’ll be curious, open-minded, resilient, and ready to take on the challenge of complex, maths-based work. And because actuarial work is about influencing decisions, you’ll need to be just as comfortable explaining your thinking as you are doing the analysis. 

Why it’s worth your summer 

• Challenging work that keeps you engaged and builds rare, in-demand skills. 

• A front-row seat in one of the UK’s largest actuarial teams. 

• Competitive starting salary potential and a career path where many progress to Manager or Senior Manager roles. 

• Skills and experience that could help you secure a graduate role. 

• A taste of working towards the Fellowship of the Institute and Faculty of Actuaries (IFoA). With the study support to get there. 

• The chance to see how numbers, strategy, and technology come together to help millions of customers plan for the future. 
  

If you’re naturally inquisitive, like turning complexity into clarity, and want to see how maths can change lives, this could be the summer that changes yours. 

What’s Next 

Your internship is just the beginning. It’s your chance to build skills, make connections and show what you can do. After your placement, you could be considered for our 2028 Graduate Programme – and take your career to the next level. 

Progression to our graduate opportunities isn’t guaranteed, securing an offer is based on the following: 

• Your performance during the internship 

• Available roles 

• Eligibility for the Graduate Programme – Read more on eligibility in our Graduate FAQs

• Successfully completing the fast-track assessment process 

 

Requirements 

What you need 

• Be in your penultimate year at university. 

• While we do not require a set projected minimum degree achievement, we strongly recommend the ability to be able to demonstrate sound knowledge, understanding and technical skills aligned to the role. Some aspects of this, alongside behaviours and values, will be assessed through the application process. 

 

Locations  

This scheme operates in Edinburgh. You will be in this location for the duration of your scheme. We support hybrid working with at least two days a week in the office.

Opening and Closing date  

Applications for our Actuarial Internship Scheme opens on 3rd November and closes on 31st January.  

Our schemes may close early if we receive a high number of applications, so it’s best to apply as soon as you can.  

How to Apply  

Our application process is designed to help you shine. We want everyone to feel they belong and can be their best, regardless of background, identity, or culture.  

Find details, including stages and tips for success, on our how to apply page.  

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks.  We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.