Working hours: 35 hours per week, Monday to Friday
Duration: 12 month placement
Location: Gloucester
Closing date for applications: Friday 8th January 2027
Start date: September 2027
Job Ref: 205617
Benefact Group are looking for an Undergraduate to join our 2027 Actuarial Placement Programme in Gloucester. This paid 12-month placement offers hands-on experience across Pricing, Reserving and Capital Modelling within a well-established General Insurance Actuarial team.
You'll work on real business challenges, support key decision-making, and develop valuable technical and commercial skills while gaining insight into a rewarding actuarial career.
This placement is an excellent opportunity to apply your academic knowledge in a practical environment, learn from experienced actuaries, and build a strong foundation for your future career.
Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK's 15 Best Big Companies to Work For in 2025, we offer fantastic career and development opportunities within a rapidly growing, innovative Group - where all profits go to charity and good causes.
Throughout the placement you will be expected to be involved and add value in the following:
"Our Actuarial team offers a dynamic and supportive environment where interns can apply their university learning to real-world challenges. Whether it's pricing new products, understanding the impact of the economic environment on cost of claims, or modelling the impact of catastrophes, you'll gain a hands-on and broad actuarial experience. It's a chance to grow your skills, contribute to meaningful work, and explore where an actuarial career can take you."
Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.
We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.
At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.
If you need any additional support during the recruitment process, then please let us know.
*Directory of Social Change’s UK Guides to Company Giving 2017-26
Benefact Group is a diverse family of specialist financial businesses, driven by our shared ambition to do right by our customers and clients, and united by a common purpose. To give our profits to good causes.
Being owned by a charity – Benefact Trust – places good intentions at the foundations of our Group, but our ability to turn this movement for good into positive action is based on better business.
Whether it be in specialist insurance, investment management, broking or advisory, every business that makes up the Benefact Group is an expert in their respective fields – leading in ethical investment, protection of iconic buildings and world heritage sites, and providing specialist guidance to people who deliver critical services to communities.
