Actuarial Apprenticeship - Sept 2025 intake

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Actuarial Apprenticeship - Sept 2025 intake

Leeds, Birmingham or Reading

Hybrid

Full Time

Permanent

Ref: REQ002788

XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. At XPS, our vision is to create a vibrant place to work where difference is recognised as a strength and where talented people can flourish and achieve their highest potential.

XPS Group is growing, and we are now looking to recruit multiple Apprentice Actuarial Analysts to join our team in September 2025. These are exciting roles and would most likely suit those who are technically minded.

These roles will be based in Reading, Birmingham or Leeds and will require five days per week attendance for an initial period of 3 months as part of our onboarding and training programme, with this gradually reducing to a minimum of two days a week in line with our flexible working policy. Please contact recruitment@xpsgroup.com if you have any questions regarding this requirement in relation to reasonable adjustments.

We aim for a two stage process and those successful candidates who pass the initial application stage will be invited to attend an assessment centre, which will be held in person in either our Birmingham office (2nd April) or Reading office (3rd April).

As a FTSE 250 company, XPS Group combines expertise and insight with advanced technology and analytics to address the needs of over 1,600 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors of all sizes, including 88 with assets over £1bn. Additionally, we offer wide-ranging support to insurance companies in the life and bulk annuities sector.

Our people drive our success, and as an XPS employee, you can bring your whole self to work - everyone is treated equally and with respect. We will provide you with the support and training you need to grow and be at your very best. It's about inclusion and diversity, ensuring all our people feel included, that they belong at XPS, and that they're happy. Above all, it's about ensuring everyone has a voice and feels valued - because they are.

The Role

You will be joining our Pensions Technical Team, which exists to provide support to our wider Actuarial Team, focusing on undertaking technical calculations required for a wide range of actuarial work. We are a multi award winning team at the forefront of our industry.

You will be supported by on-the-job training, resulting in you developing your knowledge and abilities quickly. In addition, we will support you through the Level 4 Actuarial Technician Apprenticeship in partnership with BPP, a leading global education provider. This includes spending 20% of your working hours on a formal programme of off-the-job-training.

As part of the Pensions Technical Team, you will be assisting the team in meeting their objectives, which include, but are not limited to:

• Data analysis and manipulation.
• Running and understanding our calculation software.
• Calculating the total value of pension schemes' benefits for various purposes.
• Processing a wide variety of individual pension scheme member calculations.
• Drafting written advice to clients following our various standards.
• Regular liaising and communicating within the team and with other departments at XPS, in addition to the opportunity to work alongside some of our other specialist teams.

We are very ambitious and want to continue our strong growth. As part of this, we are committed to developing market-leading tools and approaches for our clients. For example, you will have the opportunity to work with our online funding software 'Radar,' which has been awarded Actuarial Software of the Year for the last three years. The Pensions Technical team is also responsible for creating and maintaining standard calculation tools that are used throughout the wider actuarial business.

Your profile

Essential Criteria

This is an entry-level role which may suit an A-level school/college leaver or someone looking for a career change. You will have an analytical mindset, with a high level of numeracy, as well as an inquisitive mind and a desire to learn. You will understand the value of building strong relationships with internal teams and have outstanding accuracy with excellent attention to detail.

In line with the eligibility criteria for the apprenticeship, we require candidates to have achieved (or be predicted to achieve) a minimum of grade B at A-level in a mathematically related subject.

We want someone who is unafraid to express a view and can clearly articulate their ideas, thereby contributing to the ideas we rely on to achieve our aims. We want to help you reach your potential and be the best that you can be. By joining the Pensions Technical Team at XPS, you will be involved in a wide variety of work, with endless opportunities for career development.

What we offer:

We offer an attractive reward package, typical benefits can include:

• Competitive salary
• Participation in annual discretionary Bonus Scheme
• 25 days holiday plus flexibility to buy or sell holiday
• Flexible Bank holidays
• Pension scheme, matching contribution structure
• Healthcare cash plan
• Flexible Benefits Scheme to support you in and out of work, helping you look after you and your family covering Security & Protection, Health & Wellbeing, Lifestyle
• Life Assurance cover, four times basic salary
• XPS Rewards (offers High Street discounts and savings from retailers and services providers as well as offers available via phone)
• Employee Assistance Programme for you and your household
• Access to a digital GP service
• Paid volunteering day when participating in Company organised events
• Staff referral scheme when you introduce a friend to XPS

What next:

If you feel XPS could be the next step on your career ladder, please apply directly via the links provided and we look forward to learning more about you. We will consider all applicants and respond swiftly.

Please discuss with the recruitment team, via phone or email, if you require any adjustments to the recruitment process. For example, we can provide materials in an alternative format, or give you extra time in interviews or tests.

The successful candidate will need to demonstrate the following requirements:

• Right to Work confirmation
• DBS Disclosure check
• Employment or educational references covering five years
• Satisfactory credit check

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.

Please note we reserve the right to close our vacancies early and we only accept CVs direct from candidates or our preferred supplier list.

XPS try wherever possible to respond to all applicants if for any reason you have not heard from us within 28 days of your application, please assume you have been unsuccessful on this occasion.