Financial Risk Actuarial Internship

Job Description

Financial Risk Actuarial Internship

• A paid, full-time 8-week summer internship working with a trusted, people-focused UK insurer


• Spend your summer working on real projects that genuinely make a difference.


• Location: Stratford upon Avon with occasional hybrid working available


• Start date: 22nd June 2026


• Entry Requirements: Ideally in your penultimate year of undergraduate study and on track for a minimum 2:1 degree in actuarial science, mathematics, statistics or economics.

What you’ll be working on

At NFU Mutual, we’re proud to be a leading UK insurer with a rich heritage built on trust, integrity and a genuine commitment to supporting our customers and communities. Our Financial Risk team plays a central role in ensuring the organisation remains financially strong, well-capitalised and resilient in an ever‑changing regulatory and economic environment.

We work closely with teams across the business to monitor, assess and communicate key financial risks, ensuring decisions are grounded in robust analysis and aligned to risk appetite. As an intern, you’ll get hands‑on experience supporting this work, learning from experts and contributing to meaningful projects from day one.

About the Internship

Our Financial Risk Actuary Internship offers you the opportunity to experience real actuarial work within a highly supportive and collaborative team. You’ll add value in real life projects and gain in exposure:

With‑Profits Business Management

Payout Ratio Automation
You’ll support the automation of payout ratio monitoring — a key measure comparing policy payouts to the underlying policy value/asset share. This will involve helping develop or enhance tools, improving calculation approaches, and making the monitoring process faster, more efficient and more robust.

R Model for Bonuses
You’ll help test and validate key components of our R‑based bonus model, ensuring accuracy, reliability and good governance in the With‑Profits bonus‑setting process.

Life Capital Management

Capital Management Exposure
You’ll gain hands‑on experience across a range of ad‑hoc capital management activities within the Life business. This may include supporting life calibration exercises, liquidity management analysis, and capital usage insights that help inform business and regulatory decision‑making.

How we’ll support you

You’ll be supported closely throughout your internship, both within Financial Risk and as part of our wider Internship Programme.

In your first week, you’ll spend dedicated time in the office with your Placement Manager getting to know NFU Mutual, the insurance industry and the regulatory landscape we operate in. You’ll complete corporate induction learning, receive systems training and agree clear placement objectives, including your end-of-programme presentation brief.

Throughout the 8 weeks, you’ll be supported by experienced actuaries and analysts who will help develop your technical, analytical and communication skills. This internship will provide valuable insight into actuarial careers and the potential for future graduate opportunities.

Alongside your team experience, our Early Careers team will support your wider development. You’ll attend networking events with fellow interns, take part in a presentation skills session to help you prepare for your final showcase, and benefit from structured feedback conversations to help you reflect and grow.

We’ll trust you with real responsibility, but you won’t be left to figure things out alone. You’ll receive guidance, stretch opportunities and regular feedback, while also being encouraged to manage your time effectively and take ownership of your work.

By the end of the programme, you’ll deliver a final presentation on your project and leave with tangible experience, stronger commercial awareness and greater confidence in your own capability.

Application Process

Our application process is designed to be straightforward and focused on your potential. It includes an online assessment, a pre-recorded video interview and a virtual, skills-based interview with members of the team. We’re interested in how you think, communicate and approach problems rather than whether you’ve done this before.

If you successfully complete the internship, you may have the opportunity to be fast-tracked through future graduate programme selection processes, subject to availability and eligibility at the time.

Please note that you must have the right to work in the UK for the full duration of the internship, as we’re unable to provide visa sponsorship for this role.

This vacancy may close early depending on application volumes, so we’d encourage you to apply as soon as you feel ready.

About you

You don’t need previous insurance or actuarial experience to apply. We’re far more interested in your potential. Any kind of work experience is valuable — whether that’s a part-time role in retail or hospitality, an office-based placement, volunteering or involvement in a society or team. If you’ve had to analyse information, manage competing priorities, communicate clearly or take ownership of a task, you’ve already started building skills that matter in this role.

We’re particularly looking for:

• Analytical and numerical skills – comfortable working with data, spotting trends, and drawing meaningful conclusions.


• Problem-solving ability – approaching challenges logically and creatively


• Communication and storytelling – the ability to explain complex ideas clearly and bring data to life for different audiences.


• Attention to detail and accuracy – producing accurate and reliable work


• Learning mindset – eager to learn and curiosity and a genuine desire to develop your knowledge throughout the programme.


• Data confidence and digital literacy – comfortable working with data and eager to build your skills with tools and software used in actuarial work.

What matters most is your enthusiasm to learn and develop. If you bring curiosity, drive, and a willingness to learn, we’d love to hear from you.

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.

Working at NFU Mutual

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 2025 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 ten 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 15 Companies 2025 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.