Agile Working Options

Other Agile Working Arrangements / Open to Discussion

Job Description Summary

Lloyds Banking Group (LBG) is looking to recruit an Actuarial Analyst to join the Bulk Annuity Onboarding team within the Actuarial Change team in Finance. The role will be critical to support the growth strategy that LBG is adopting over the next few years.

Job Description

This role offers a superb opportunity to join our team in Actuarial Change. You’ll play a key role in onboarding any new schemes that we win into our Bulk Annuity Model - built in Prophet and R.

As well as onboarding new schemes the role offers the chance to get hands on experience developing the model and the tools so is a great launchpad into model development!

Accountabilities:

• Building an understanding of the annuities being modelled and features of new bulks deals

• Ensuring new trades are set-up and valued accurately within the model

• Developing, testing and documenting changes to models to meet customer and governance requirements

• Working with Data Systems & Change (DS&C), Assumptions and Methodology, Pricing, Production and Reporting teams to understand where changes impact the end-to-end process

Key skills:

• Actuarial student partway through exams or have equivalent skills with Life Insurance or Pensions experience.

• Confident and proactive communication.

• Strong analytical and Excel skills are essential and experience of other actuarial software (Prophet or R) is an advantage.

• Knowledge of UK defined benefit pensions or bulk annuities would be beneficial.

• Curious in nature, and not afraid to ask questions to deepen your understanding.

• Committed to the continuous improvement of processes.

And in Return:

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

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

• 24 days holiday plus bank holidays (rising to 28 days after 5+ years service)

We\'re dedicated to giving you opportunities and support to develop you both expertly and personally to optimise your potential.

If you\'re studying for the IFoA exams we\'ll provide a study support package to help you progress through these – our exam pass rates are consistently above the Profession’s average! You\'ll also be part of our actuarial rotations scheme so will experience other areas of actuarial work in the future.

We\'ll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please get in touch if you need us to make any reasonable adjustments for you.

So if you have the skills we’re looking for, we’d love to hear from you!

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.

Our continued commitment to helping Britain recover means that as a colleague you can make a difference to customers, businesses and communities.

Together we have a key role to play in shaping the bank of the future, whilst the scale and reach of our Group means you\'ll continue to have opportunities to learn, grow and develop.

We\'re focused on creating a values-led culture, and our approach to inclusion and diversity means that we all have the opportunity to make a real difference, together.

As part of the Group\'s commitments as a result of ring-fencing legislation, colleagues based in the Islands are required to be exclusively dedicated to the non-ring-fenced bank and its subsidiaries. This means that colleagues who are based in the Islands would not be able to undertake roles for the Ring Fenced Bank from their existing location and would need to consider relocation when applying for roles.

At Lloyds Banking Group, we\'re driven by a clear purpose; to help Britain recover. 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\'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.