At a Glance
- Tasks: Support pricing decisions and develop innovative solutions for insurance and investment products.
- Company: Join Lloyds Banking Group, a leader in transforming finance for good.
- Benefits: Enjoy a competitive salary, generous pension, 30 days holiday, and flexible working options.
- Other info: Be part of a diverse team committed to making a difference in communities.
- Why this job: Make a real impact on the future of finance while growing your skills.
- Qualifications: Strong problem-solving skills and experience with Python, R, or similar software.
The predicted salary is between 89739 - 99710 £ per year.
End Date: Wednesday 19 August 2026
Salary Range: £89,739 - £99,710
We support flexible working – click here for more information on flexible working options.
Flexible Working Options: Hybrid Working, Job Share
Location(s): Bristol & Edinburgh
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 one of our offices.
About this opportunity:
At Lloyds Banking Group, we’re motivated by a clear purpose - to Help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. In an ever-changing market we need to be able to continually innovate and evolve our products and services. Strong support and advice from our pricing actuaries is at the forefront of this: that’s where you come in!
The Pricing team within Actuarial Methodology and Advice plays a key role in supporting the pricing of our insurance and investment products. This includes ensuring that our Pricing Methodology, Models, Tools and Processes are maintained to a high standard, are accurate and fit for purpose. We are a customer focused team, with a strong focus on delivering value-adding advice to our stakeholders as well as efficient and user-friendly tools. Our team works out of our Edinburgh and Bristol hubs therefore we’ll need you to be based a commutable distance from one of these areas. We work in a hybrid model, splitting our time between the office and working from home.
What you’ll be doing:
- Partnering with stakeholders to understand their needs and identify where pricing tools, models and methodologies can best support sustainable growth.
- Acting as an SME to commercial pricing & platform teams and proposition projects, supporting pricing decisions and analysis across products.
- Effectively and efficiently setting pricing assumptions, maintaining consistency with reporting assumptions where appropriate, applying expert judgement and insight-backed justification.
- Designing and implementing innovative, robust and well-controlled solutions that improve pricing capability – this includes pricing models and trigger-based assumption reviews, developing and enhancing methodologies for existing and new pricing models, using tools such as Python, R, and Mo.Net, supporting the implementation and continuous improvement of the pricing framework, building insight across a broad range of products and propositions, using data to optimise pricing solutions, ensure pricing reflects underlying risk and support the delivery of strong business outcomes.
Why join us?
We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. 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 keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
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. With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers. Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.
What we’re looking for:
- Inquisitive with a strong problem-solving background.
- Strong technical ability in analysing customer needs, designing and implementing effective solutions.
- Able to effectively use AI and automation to simplify work and deliver high quality output at pace.
- A basic understanding of coding and model development, ideally with relevant experience in one or more of these software packages (Python, R, VBA, Mo.Net).
- A good understanding of actuarial concept and techniques, e.g. a qualified Actuary, with experience in annuity pricing and annuity investment management.
- Excellent written and verbal communication skills.
- Effective influencing and stakeholder management skills.
- A keen eye for detail.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%.
- An annual performance-related bonus.
- Share schemes including free shares.
- Benefits you can adapt to your lifestyle, such as discounted shopping.
- 30 days’ holiday, with bank holidays on top.
- A range of wellbeing initiatives and generous parental leave policies.
For more Flexible Working Options please use the free text search, e.g. job sharing, variable hours, to identify relevant matches.
Pricing 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 Pricing Actuary in Bristol
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We think you need these skills to ace Pricing Actuary in Bristol
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Bank plc.
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How to prepare for a job interview at Lloyds Bank plc
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Bank plc.
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