Actuarial

Problem solvers and strategic thinkers

Actuarial at Unum

In Actuarial, we make sure that, as Unum continues to grow, the business is profitable, with products at the right price. We also ensure that Unum stays solvent and has enough funds to cover potential future insurance claims and other risks. This means we're vital in balancing financial health with the risks linked to growth.

As a graduate or trainee actuary, you'll be involved in a wide range of activities as part of our rotational Actuarial Development Programme (ADP). With year-long rotations into different areas, the programme gives you experience of a wide variety of actuarial activities. This gives you the chance to develop your actuarial skills and knowledge, such as analysing data, evaluating financial risks, and explaining complex details clearly to non-specialists.

You'll be doing real work at the heart of our business, gaining a range of experience and able to see the impact your work has. At the same time, we'll support you with time off for study and payments for study materials and exams, so you can expect to be fully qualified within four to six years.

To join us, as well as being academically smart, you'll need to be an excellent communicator, with a professional, positive and enthusiastic approach. Your co-operative and supportive attitude means you'll be a great team player, who appreciates how your actions affect other team members, the team's goals and the wider business.

Our actuarial teams

Actuarial Systems (Tools)

The Actuarial Systems team develop and maintain our actuarial systems, models and tools used across the department

Data and Analytics (Reporting)

Our Reporting team develop and manage Solvency II, USGAAP and UKGAAP reporting processes to provide timely and accurate Balance Sheet and Profit and Loss results for internal and external reporting.

Pricing

Our pricing team assess risks associated with extending insurance or financial products to potential clients. Pricing actuaries determine the prices for these products based on calculated risk.

Reinsurance

Setting our Reinsurance strategy and organizing, analysing and interpreting client data and performing basic modelling to help determine the evaluation of reinsurance.

Risk

Provide independent challenge and reporting of our insurance and financial risk exposures, and the production of the annual ORSA report.

Meet some of our actuarial team

Andrew. Senior Actuarial Trainee

I joined two and a half years into my actuarial career. Unum is a market leader in their field, so I know the training I’m receiving is second to none. It’s large enough a company that there are plenty of opportunities for me to work in a variety of roles and take on responsibility as I progress. On the other hand, it’s not so large that I feel like a cog in a machine; I get to work with people at all levels across the business and see the impact my work has in the wider context.

Unum’s also a very pleasant place to work day-to-day. The people here are genuinely friendly, helpful and respectful to each other, which is so important. Last and certainly not least, Unum offers a competitive benefits package including some great perks.

Jonathan. Actuarial Trainee

I love the combination of academic and pragmatic thinking that an actuarial career affords. Working in the pricing team has been a fantastic starting point and allowed me to work closely with underwriting, reinsurance and sales - certainly a wide exposure to different perspectives on the business. My day-to-day work is very varied, though is typically quite analytical.

Professional development is taken very seriously by Unum. As well as the generous study package, which does help to maintain a work life balance, I’ve been able to attend industry events, such as a seminar on product development. The actuarial development programme has strong links to Unum in the US, and I am excited to shortly fly out to Portland, Maine, for a team orientation. If you want exposure to a wide range of actuarial disciplines and to see the impact your work has then Unum is definitely the place for you.

Where our actuarial teams are based

We don’t offer all of our roles at every Unum office. Here's where you can find our actuarial roles.