The posting
Application deadline: 1 December 2026
Programme start date: June 2027
Eligibility: Penultimate year students graduating in Summer 2028
Who we are:
Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £69 billion of assets under management, we secure the pensions of nearly one million people and pay out, on average, approximately £350 million in pension payments each month.
Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury’s, the Civil Aviation Authority, the Co-Operative Group, National Grid, NatWest, Morrisons and Telent.
At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.
Internship Programme:
Our internship programme is designed to provide hands on work experience within a fast-pace financial services environment, allowing you to develop the key skills to jump-start your career.
The 8 week structured programme will start with a fundamentals week offering insight into Rothesay, your team and the financial services industry. Through-out the programme there will be both on-desk and off-desk technical and business skills training, providing career building exposure to accelerate your future after you graduate. You will gain visibility and experience in a flat structure, with the opportunity to network and socialise across different levels and teams throughout the firm. Rothesay is a rewarding place to work, where quality people can thrive and prosper.
What you’ll do:
We have vacancies in the Pricing and Reinsurance team and the Capital team.
- The Pricing and Reinsurance team focuses on the pricing, underwriting, negotiation and execution of new pension and reinsurance deals, working on deals across all segments of the market. Whilst with the Pricing team, you will be expected to work on a real, live transaction, gaining genuine insight into the nature of the role.
- The Capital team monitors Rothesay’s regulatory and economic capital positions, and is responsible for the business' actuarial life insurance reporting. Its work includes computing the financial impact of prospective liability or asset transactions, alongside delivering strategic regulatory-driven projects, including the submission for the industry-wide market risk stress testing exercise.
When you join us, your work will be highly varied involving all aspects of pensions and insurance actuarial work, and will involve significant interaction both internally with other teams and disciplines throughout the business, and externally, with clients and advisors. You will need to be able to balance teamwork, intellectual curiosity and leadership potential with a passion for excellence and an interest in the financial markets. Candidates joining these teams on a permanent basis would be expected to study for the Institute and Faculty of Actuaries (IFoA) qualification with an expected specialism in pensions or life insurance.
What we offer:
- A meritocratic, driven and stimulating environment where success and achievement are rewarded
- Work with support from leaders in the industry and excellent on-the-job training supplemented with class-based business training where best applies
What we are looking for:
- We primarily seek candidates from quantitative degrees, but will also consider applicants from other academic backgrounds with strong numerical ability.
- Impeccable academic credentials are essential. You must have an expected degree minimum of a 2:1 or equivalent from a leading university.
- Demonstrable interest in the insurance sector is essential
- Fluency in English is a prerequisite.
Disclaimer: This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties, but to describe a position level. The role shall be performed within a professional office environment. Rothesay has health and safety polices that are available for all workers upon request. There are no specific health risks associated with the role.
Inclusion: Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.
The collection of applicant diversity data allows Rothesay to map and gain insights into the impact of our DEI strategy for talent attraction. This data is anonymised and is not analysed against individual applications. By requesting mapping our applicants’ demographic profiles, we can identify the under-represented groups. This enables us to identify any barriers to increasing our diversity and take action.
