Lloyds Banking Group logo

Lloyds Banking Group

Share this job:

View all jobs at Lloyds Banking Group

⛔️ Lloyds Banking Group are no longer taking applications for this job.

Technical Pricing Actuary

Salary range

£65,320 - £81,650

At Lloyds Banking Group, we have a clear purpose; to help Britain prosper and to become the best bank for our customers. What we do makes a genuine difference to families, businesses and communities. Finance is key to that success by securing and building the financial strength and performance of the Bank.

Insurance and Wealth helps personal and business customers with their long-term protection, retirement, and investment needs. We support around 10 million customers with assets under administration of £155 billion and annuity payments in retirement of over £1 billion every year.

You’ll be joining us within the Technical Pricing Team. We’re responsible for setting the bases for all our products, working closely with the Pricing Services teams to deliver market leading products.

As an actuary in this team, your focus will be on supporting the Senior Manager in the delivery of pricing methodology and bases for bulk annuities. This will involve ensuring that pricing is appropriately consistent with profitability hurdles, capital, risk, financial reporting and operational treatments. To do this as a team we need to keep up to date with internal, industry and commercial developments.

Our team works out of our London, Bristol and Edinburgh hubs, therefore ideally you'd be based a commutable distance from one of these areas however, location can be flexible for this role. We work in a hybrid model, splitting our time between the office and working from home but colleagues have flexibility to choose where they work from.

Would you like to further develop your Actuarial career, at the forefront of Bulk Annuity Pricing?

On a typical day, you may be working across functions to refine an element of our pricing basis, using our models to quantify the impact of any change, writing up a paper for a committee or working with customers to ensure the change and its impact is understood.

Your accountabilities will include:

  • Leading the development of specific elements of pricing basis involving other teams
  • Providing input to thought leadership on basis development
  • Deputising for Senior Managers at senior committees
  • Summarising and delivering complex technical information
  • Delivering high quality results and calling out, handling and mitigating risks in a timely fashion

What you'll bring to this role?

It’s crucial that you’re:

  • A qualified Actuary, or have gained actuarial experience within a similar pricing role (1 -2 years)
  • Commercially minded and have had some previous exposure to pricing activity
  • Proficient in Microsoft Excel

And desirable that you have:

  • Strong project management and organisational skills alongside a proven track record of delivery in high pressure environments
  • Pension risk transfer experience / a strong understanding of bulk annuities
  • An understanding of longevity and funded reinsurance.

It's a really exciting time to join LBG! Together we'll continue our market leading, ground breaking transformation and realise the Group’s vision to become the Best Bank for Customers. Here, you'll grow as a person and develop your career.

What you'll get in return?

In addition to a competitive base salary, the position also offers:

  • Discretionary Performance Share Award
  • Generous pension contribution
  • A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)
  • Private health cover
  • Share schemes
  • 30 days holiday plus bank holidays

In return for your expertise, you’ll enjoy our total dedication to your ongoing personal and professional development.

So if you have the skills we’re looking for, we’d love to hear from you..... We know that success is built from the inside out through our people. Our customers’ experience and success starts with yours!

We're an equal opportunity employer and deeply value diversity within our organisation. We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation. Together we make it possible.

Did you know we've won awards?

We've gained industry recognition including Stonewall Top 100 Employer, Top 30 Employer for Working Families, Gold Standard 2014 from the Business Disability Forum and Top 50 Employer for Women.

View all jobs at Lloyds Banking Group

⛔️ Lloyds Banking Group are no longer taking applications for this job.

From the blog

Expert tips on actuarial career growth and development.

Our guide to actuarial recruiters

Recruiters can be a valuable tool for finding actuarial jobs. Let's discuss what recruiters can do for you, things to look out for and how to make the most of recruiters to find your next actuarial job.