At a Glance
- Tasks: Lead risk management in GI, challenge teams, and drive improvements.
- Company: Dynamic insurance firm with a focus on innovation and collaboration.
- Benefits: Generous pension, performance bonuses, share schemes, and 30 days holiday.
- Other info: Hybrid working model with a commitment to diversity and inclusion.
- Why this job: Shape the future of GI risk while making a real impact in a supportive environment.
- Qualifications: Experienced actuary with strong personal lines insurance background and data analytics skills.
The predicted salary is between 114606 - 134830 £ per year.
- Job Summary
- Position: GI Risk Actuary (Senior Risk Manager)
Location: Edinburgh, Leeds, Cardiff/Newport, Bristol (hub-based; hybrid working - at least two days per week in office)
End Date: 28 July 2026
Key Responsibilities
- Act as a key member of the GI Claims, Reserving, Exposure Management, and Pricing & Performance Committees.
- Challenge first line teams on technical provisions, reserve margins, and uncertainties to drive improvements and efficiencies.
- Provide sharp oversight and advice on pricing and performance, scrutinising models, strategies, reserving approaches, and loss trends.
- Lead deep dive risk reviews of the financials of the GI business and bring financial rigor to non financial risk reviews.
- Support and robustly challenge strategic and commercial decisions across the business cycle.
- Collaborate closely with first line teams and travel to key hubs as required.
- Shape GI and reinsurance risk appetites, ensuring regulatory and professional compliance.
- Required Qualifications & Experience
- Actuary with several years of post qualification experience.
- Strong background in personal lines insurance, especially household lines.
- Experience in both industry and consultancy roles - a distinct advantage.
- Proven expertise in GI personal lines reserving, reinsurance, and pricing, including advanced data analytics.
- In depth understanding of current and emerging regulations.
- Outstanding communication and stakeholder management skills.
- Data science capabilities highly valued; GI capital modelling knowledge is a plus.
- Ability to work collaboratively and adapt when needed.
Benefits
- Generous pension contribution of up to 15%
- Annual performance related bonus
- Share schemes including free shares
- Benefits adaptable to lifestyle, such as discounted shopping
- 30 days holiday, plus bank holidays
- Range of well being initiatives and generous parental leave policies
- Reasonable workplace adjustments for colleagues with disabilities and related needs
- Disability Confident Scheme - guarantee of fair interview opportunity for qualifying applicants
GI Risk Actuary in Bristol employer: Lloyds Bank plc
Lloyds Banking Group is an exceptional employer, offering a dynamic work environment in Cardiff that fosters professional growth and collaboration. With a competitive salary package, generous benefits including a robust pension scheme and flexible working options, employees are empowered to thrive both personally and professionally. The company prioritises inclusivity and well-being, ensuring that all team members can achieve their full potential while making a meaningful impact in the SME banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land GI Risk Actuary 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 GI Risk Actuary 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.
