At a Glance
- Tasks: Lead oversight of actuarial calculations and ensure customer financial safety.
- Company: Dynamic company focused on legacy life and pensions with a commitment to diversity.
- Benefits: Competitive salary, extensive benefits, hybrid working, and career development opportunities.
- Other info: Join a supportive team that values continuous improvement and knowledge sharing.
- Why this job: Make a real impact in the financial outcomes of customers while working with experts.
- Qualifications: Qualified Actuary (FIA / FFA) with experience in life insurance or pensions.
The predicted salary is between 89700 - 109600 £ per year.
Salary: £89,700 pa to £109,600 pa, plus extensive benefits.
Locations: Bristol or Edinburgh.
Hours: Full‑time.
Working pattern: hybrid – at least two days per week at an office.
Overview
We are seeking a qualified Actuary (FIA / FFA or equivalent) to lead independent oversight of third‑party actuarial calculations for our legacy life and pensions business. You will ensure the safety of customer financial outcomes by reviewing the quality, robustness and compliance of actuarial outputs.
Responsibilities
- Provide effective actuarial oversight and challenge of third‑party calculations, processes and controls.
- Review and assess the quality, completeness and appropriateness of actuarial outputs, ensuring they meet internal standards and external requirements.
- Support improvements in the control framework, including documentation, governance, issue management and remediation activities.
- Develop a strong understanding of data flows, administration systems and end‑to‑end processes supporting legacy life and pensions business.
- Identify risks, issues and emerging themes, and advise or escalate appropriately with clear, evidence‑based insight.
- Work collaboratively with third‑party providers and other internal teams.
- Communicate complex actuarial and technical matters clearly to a range of audiences, including non‑specialists.
- Contribute to continuous improvement of oversight approaches, tools and ways of working.
- Support knowledge‑sharing and capability development within the actuarial oversight community.
Essential Qualifications
- Qualified Actuary (FIA / FFA or equivalent).
- Experience applying actuarial judgement within life insurance and/or pensions, ideally including legacy books of business.
- Strong understanding of actuarial calculations as applied to life and pension products.
Desirable Qualifications
- Knowledge of data, administration systems and control environments supporting life and pensions operations.
- Experience working with or overseeing third‑party service providers.
- Experience in actuarial governance, risk management, model assurance or change assurance.
- Experience working with With‑Profit policies.
Equal Opportunity & Disability
We are an equal‑opportunity employer, encouraging applicants from diverse backgrounds. We offer reasonable adjustments for people with disabilities, long‑term health or neurodivergent conditions, and are a Disability Confident Leader.
Actuarial Oversight Manager in Bristol employer: Lloyds Bank plc
Join a leading employer in the actuarial field, where you will play a pivotal role in ensuring the financial safety of our customers. With a hybrid working model based in vibrant Bristol or historic Edinburgh, we offer extensive benefits, a collaborative work culture, and ample opportunities for professional growth. Our commitment to diversity and inclusion, alongside a focus on continuous improvement, makes us an exceptional place for qualified actuaries to thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Oversight Manager in Bristol
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Lloyds Bank plc). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Lloyds Bank plc. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Oversight Manager in Bristol
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Lloyds Bank plc.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lloyds Bank plc. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Lloyds Bank plc
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lloyds Bank plc to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Lloyds Bank plc, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Lloyds Bank plc's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
