At NFU Mutual, we’re proud to be a leading UK insurer with a rich heritage built on trust, integrity and a genuine commitment to supporting our customers and communities. Our Financial Risk team plays a central role in ensuring the organisation remains financially strong, well-capitalised and resilient in an ever‑changing regulatory and economic environment. We work closely with teams across the business to monitor, assess and communicate key financial risks, ensuring decisions are grounded in robust analysis and aligned to risk appetite. 

As an intern, you’ll get hands‑on experience supporting this work, learning from experts and contributing to meaningful projects from day one. About the Internship Our Financial Risk Actuary Internship offers you the opportunity to experience real actuarial work within a highly supportive and collaborative team. You’ll add value in real life projects and gain in exposure: With‑Profits Business Management Payout Ratio Automation You’ll support the automation of payout ratio monitoring — a key measure comparing policy payouts to the underlying policy value/asset share. 

This will involve helping develop or enhance tools, improving calculation approaches, and making the monitoring process faster, more efficient and more robust. R Model for Bonuses You’ll help test and validate key components of our R‑based bonus model, ensuring accuracy, reliability and good governance in the With‑Profits bonus‑setting process. Life Capital Management Capital Management Exposure You’ll gain hands‑on experience across a range of ad‑hoc capital management activities within the Life business. This may include supporting life calibration exercises, liquidity management analysis, and capital usage insights that help inform business and regulatory decision‑making.