Actuarial Assistant Manager (Rectifications)

£56000 - £69000 per annum
17 Nov 2023
01 Dec 2023
Lloyds Banking Group
Approved employer
Full time
Part qualified

Job title: Actuarial Assistant Manager

Salary: £56,322 - £68,838 * subject to qualifications

Location: Edinburgh or Bristol

Hours: Full time

Working Pattern: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at your local office site.

About the role:

The Actuarial Rectifications Team plays a key role in ensuring that policies are managed in line with the policy provisions, policyholders' expectations and FCA requirements.

About this opportunity:

  • Analysing different remediation approaches and writing options papers

  • Writing calcs specs

  • Building models in Excel or Access

  • Testing IT models

  • Performing remediation calculations for policies and checking calcs

  • Handling queries relating to the use of the models

  • Determining approaches to non-standard cases.

  • Ensuring TCF issues, cost implications and practical constraints are taken into account when formulating solutions.

  • Reviewing and writing report documents relating to the project

Why Lloyds Banking Group?

We're on an exciting journey and there couldn't be a better time to join us. The investments we're making in our people data and technology are leading to innovative projects, fresh possibilities and countless new ways for our people to work, learn and thrive.

What we need from you:

  • Partly-qualified or qualified Actuary

  • Strong technical ability in analysing problems, determining solutions and specifying calculations

  • Effective written and verbal communication skills with an ability to influence others

  • Strong Excel skills

  • Attention to detail

It would also be useful if you had...

  • Pensions and life assurance product knowledge

  • Previous high profile company-wide project experience

About working for us ...

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, build a menopause health package, and a dedicated Working with Cancer initiative. And it's why we especially welcome applications from under-represented groups. We're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

  • A generous pension contribution of up to 15%

  • A discretionary annual performance-related bonus

  • Share schemes including free shares

  • Benefits you can adapt to your lifestyle, such as discounted shopping

  • 28 days' holiday, with bank holidays on top

  • A range of wellbeing initiatives and generous parental leave policies

Ready to start growing with purpose?! Apply today.