At a Glance
- Tasks: Provide oversight and challenge of actuarial calculations for life and pensions.
- Company: Join a leading firm committed to diversity and inclusion.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on continuous improvement and knowledge sharing.
- Why this job: Make a real impact on customer financial outcomes in a dynamic environment.
- Qualifications: Qualified Actuary with experience in life insurance or pensions.
We are seeking a Qualified Actuary to join our actuarial oversight team. The role involves independent oversight and challenge of third-party actuarial calculations supporting legacy life and pensions business, ensuring the safety of customer financial outcomes. You will collaborate with internal stakeholders and external service providers, improve control environments, and contribute to the strengthening of actuarial processes.
What you’ll be doing:
- Provide effective actuarial oversight and challenge of third-party actuarial 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, escalating or advising 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, with confidence to provide constructive challenge.
- 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.
Desirable Qualifications:
- Knowledge of data, administration systems and control environments supporting life and pensions operations.
- Experience with model development, documentation and validation processes.
- Experience in change assurance within actuarial functions.
Diversity, Equity & Inclusion: We are committed to creating an inclusive environment where everyone can thrive. We offer reasonable adjustments and are a Disability Confident Leader, guaranteeing interviews for applicants who meet the minimum criteria and have a disability, long-term health or neurodivergent condition.
Actuarial Oversight Manager - Fixed Term Contract in Bristol employer: Lloyds Bank plc
Join a forward-thinking company that prioritises employee growth and inclusivity, offering a hybrid working model in vibrant locations like Bristol and Edinburgh. As an Actuarial Oversight Manager, you'll benefit from competitive salaries, a supportive work culture, and opportunities for professional development while ensuring the safety of customer financial outcomes. With a commitment to diversity and continuous improvement, this role provides a meaningful chance to make a significant impact in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Oversight Manager - Fixed Term Contract in Bristol
✨Tap into Local Agencies
For temporary roles like the one at Lloyds Bank plc, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so Lloyds Bank plc knows you can adapt quickly to their needs!
We think you need these skills to ace Actuarial Oversight Manager - Fixed Term Contract in Bristol
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch Lloyds Bank plc's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at Lloyds Bank plc
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at Lloyds Bank plc. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
