Working hours: 35 hours per week, Monday to Friday Duration: 11 months, Starting September 2025 Location: Gloucester Job ref: 203217 About the role Are you an undergraduate who wants to work in a uniquely diverse and challenging environment? Have you got the ability and desire to work in an area that supports key business decisions that directly influence the direction and success of the organisation? If so, this particular placement will support you in your professional development and will be an important step in helping you reach your career goals. This is an excellent opportunity to work in an expert and well established General Insurance Actuarial Department. You will gain experience in the three key actuarial areas including Pricing, Reserving and Capital Modelling. Key responsibilities Throughout the placement you will be expected to be involved and add value in the following: Year-end/Quarter-end claims reserving, using core actuarial methods, for example, chain ladder and bornhuetter-ferguson reserving techniques. Technical pricing review for one of (or several) our niche’s at Ecclesiastical, using generalised linear modelling and other pricing techniques. Capital model calibration and testing, selecting appropriate parameters to be used as model inputs and testing the output of the model (i.e. against actual experience). Other business projects and ad-hoc requests that address business need. Typical examples include: Price monitoring Business plan claims forecasting Capital model uses to support business decisions Knowledge, skills and experience Essential Skills: Strong analytical and mathematical skills. Demonstrably proactive, identifying and delivering on opportunities to add value. Independent with ability to work to high standard with minimum supervision. Effective communication skills with proven ability to build effective relationships. Demonstrates sound and commercial judgement and ability to design practical and proportionate solutions. Strong IT skills. A strong track record of personal success as well as academic achievement. An interest and understanding for the general insurance industry and actuarial career. Essential Qualifications: On track to achieving at least a 2:1 degree (or equivalent) in statistics, actuarial studies, computing, mathematics, Economics or physics. About us Ecclesiastical Insurance offer insurance with award-winning service across a broad range of specialisms, including faith, charity, heritage, education, art and private client, real estate and schemes, across Ireland, Canada and the UK. As a business, we’ve been trusted to protect some of the UK’s best-loved and most iconic buildings for over a century, and we’re not standing still. We’re a forward thinking, energetic organisation entering new markets, with an ambition to double our size, because when we grow, we give back more. 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