Pricing Actuarial Analyst - Protect (South) - INTERNS (10 - 12 month FTC)

Job Description

Serving our customers, communities, and planet a little better every day.

Salary – Salary is from £30,000 + annual bonus & benefits Work Level - 1 Location – Reigate (blended working) Industry Placements - Fixed Term Contract – 10-12 months Office Attendance - Our roles are hybrid, however you should be able to travel to our Reigate office, 2 days per week for this position. Closing Date for applications - 13th March 2026
Are you seeking an exciting chance to earn as you gain new skills?
We’re looking for undergraduate students working towards a relevant numerate degree to work as a Pricing Actuarial Analyst in our insurance pricing teams in Reigate on a 10 - 12-month Industry Placement starting Monday 7th September 2026 for the duration of the academic year (placement finishing on 1st July 2027).
In this highly technical and specialised role you’ll support our insurance business by analysing pricing trends, building predictive models, monitoring the performance of the business, and identifying areas of opportunity for growth and profitability.
You’ll work in a team of Pricing Experts and experience a variety of responsibilities to immerse yourself in our 10-12-month Industry Placement.

What you’ll be doing
• Building predictive models and utilising Data Science tools to provide insight into insurance pricing. • Delivering high quality analysis to support pricing changes and business opportunities. • Monitoring the emerging performance across the portfolio to identify areas of focus. • Implementing the use of new statistical analyses, machine learning and automation to improve processes. • Communicating the results of the modelling and analytical work effectively in non-technical language to peers and stakeholders. • Keeping knowledge and skills up to date and driving your own personal development.
We don’t expect you to tick every box, and if you feel you hit most of the brief, it’s worth exploring to further develop your career here with us.
We need you to have (min experience)
• You’ll be working towards a degree in a numerical subject on track for a 2:1 degree. • An interest in insurance pricing & in the UK personal lines insurance market. • Highly computer literate; able to use Excel and other common data analysis and data processing/modelling software. • Strong appetite and ability to research new modelling techniques using a range of tools including R and Python. • Good organisational skills; able to deliver tasks within agreed timescales. Ability to work as part of a team; fostering positive relationships and providing mutual support and guidance. • Customer centric; focused on the delivery of high levels of customer service.
What’s in it for you?
• You can maximise your work experience and learnings to carve your career path and make a real impact. • Prepare for your retirement with our colleague pension scheme. • Virtual GP Service for you and your family 365 days a year. • Performance related annual bonus. • Indulge in a generous holiday allowance with a minimum of 7.2 weeks prorated for 10 months. • Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to £2K). As an added perk, we’ll give you a second card to share with someone else. • Opportunity to participate in our Green Car scheme through tax efficient salary sacrifice. • Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave. • Critical illness cover. • A place to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want. • Take part in our Buy as you Earn and Save as your Earn share schemes.
Additional Information
We also know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part time and flexible working opportunities, at every level of the organisation.
These positions are only open to UK based undergraduates with the right to work full time in the UK. Please note we are unable to provide sponsorship for this role at this time.
Interviews commencing: March 2026.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there's no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we're helping our colleagues and serving our customers, communities and planet a little better every day.

We deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for.

Everything we do is about making things better. Not just for others, but for you too. It's why you'll get bags of choice and plenty of development. It's why you'll always be heard and find balance that works for you. It's why you'll feel totally at home in a place where everyone's welcome.

So, if you want a career where you can do good and feel good, you've found it.

Let's make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice - because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes – people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone's welcome, where they can be part of a great team focused on making a real difference for our customers.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!