Actuarial Internship - Edinburgh at Lloyds Banking Group

City of Edinburgh, Scotland, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

27 Mar, 26

Salary

25000.0

Posted On

27 Dec, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mathematics, Statistics, Commercial Thinking, Risk Analysis, Data Analysis, Excel, VBA, Python, R, Prophet, Power BI, Model Building, Communication, Problem Solving, Attention to Detail, Curiosity

Industry

Financial Services

Description

End Date Sunday 18 January 2026 Salary Range £25,000 Before you start your application, please note alternative formats are available on request. Please contact us by emailing lloydsbankinggrouptalent@peoplescout.co.uk or calling on 0345 330 4576. If emailing, please tell us how you would like us to respond - we can email back or call you to discuss any requirements or concerns you might have. We will get back to you as soon as we can but during busy times, it might take up to 5 working days (Don't worry, this won't affect your progress in the application process) Job Description Summary Prior to submitting your application, please visit our early careers website to find out more about the schemes we offer and the recruitment journey: www.lloydsbankinggrouptalent.com Our summer internships may close early if we receive a high number of applications, so it’s best to apply as soon as you can. Please make sure that you will be available to work 35 hours per week for the duration of the internship placement (June 15th – August 7th 2026) in order to be eligible for this program. A Summer Internship that's right for you For some, the path is clear. Others take time to consider options. Either way, an internship is a step forward. A head start for when you graduate. Our internships offer big opportunity. They’re an in-depth look at our business and our post-degree graduate schemes. And hear from people who’ve built careers here. You could get a glimpse of your possible future. Naturally inquisitive? Keen to learn? Excited by our purpose? Help to shape the future of finance with us. Help customers, colleagues and communities to prosper. Apply now and help move us forward, faster. Job Description Your First Step into a High-Impact Career Think you can spot patterns in complex problems? Actuaries do it for a living. Using mathematics, statistics, and commercial thinking to analyse risk, predict its financial impact, and help organisations make smarter decisions. They forecast future events -from how long people might live, to how often accidents could happen, to how financial markets might behave - and turn those predictions into strategies that ensure the financial promises we make today can still be kept tomorrow. For 8 weeks this summer, you could join them. You’ll work on real projects that give you insight into one of the UK’s largest actuarial teams, get hands-on with powerful tools, and learn from some of the UK’s most experienced actuaries. All while seeing how our insights guide strategic investment, manage risk, and support the long-term financial health of the Group. What you could be working on • Using pricing techniques to calculate premiums for insurance, pensions and investment products. • Calculating the reserves and capital we need to cover future claims. • Analysing experience and using judgement to set assumptions for actuarial models. • Building and testing models using Excel, VBA, Python, R, Prophet or Power BI. • Designing and developing actuarial models and software to forecast risk outcomes. • Turning complex data into clear stories stakeholders can actually use. • Helping to shape investment strategies that meet regulatory requirements and balance opportunity and risk. What makes it different This isn’t about sitting in the corner crunching numbers no one sees. You’ll be part of a modernising actuarial function — embracing automation, agile methods, and insight-driven decision-making. You’ll join meetings where decisions are made and see why actuaries need not just technical and analytical skill, but also commercial awareness and strong communication. Who we’re looking for You don’t need to be an actuarial expert yet, we’ll help to get you there. But you’ll enjoy maths and problem-solving, have a sharp eye for detail, and enjoy spotting patterns in numbers. You’ll be curious, open-minded, resilient, and ready to take on the challenge of complex, maths-based work. And because actuarial work is about influencing decisions, you’ll need to be just as comfortable explaining your thinking as you are doing the analysis. What’s Next Your internship is just the beginning. It’s your chance to build skills, make connections and show what you can do. After your placement, you could be considered for our 2027 Graduate Programme – and take your career to the next level. Progression to our graduate opportunities isn’t guaranteed, securing an offer is based on the following: • Your performance during the internship • Available roles • Eligibility for the Graduate Programme – Read more on eligibility in our FAQs • Successfully completing the fast-track assessment process What you need to apply • Be in your penultimate year at university. • While we do not require a set projected minimum degree achievement, we strongly recommend the ability to be able to demonstrate sound knowledge, understanding and technical skills aligned to the role. Some aspects of this, alongside behaviours and values, will be assessed through the application process. • We cannot sponsor visas. Locations This internship operates in Bristol and Edinburgh. You will be in that location for the duration of your internship. We support hybrid working with at least two days a week in the office At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop. We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference. With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers. Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future. Should you need help or want to ask a question, please contact us at LloydsBankingGroupTalent@peoplescout.co.uk Learn about the Group and our culture and values on our talent website Home – Lloyds Banking Group Talent or visit our Instagram to keep up-to-date @LBGearlytalent

Responsibilities

Interns will work on real projects within one of the UK’s largest actuarial teams, using powerful tools to analyze risk and support strategic investment. They will also help shape investment strategies and communicate complex data insights to stakeholders.