At a Glance
- Tasks: Provide oversight and challenge on actuarial calculations for life and pensions.
- Company: Join a leading organisation committed to diversity and innovation.
- Benefits: Competitive salary, flexible working, and a commitment to your professional growth.
- Other info: Be part of a diverse team dedicated to continuous improvement and community support.
- Why this job: Make a real impact on customer financial outcomes and strengthen actuarial processes.
- Qualifications: Qualified Actuary with experience in life insurance or pensions.
The predicted salary is between 60000 - 80000 £ per year.
We're looking for a Qualified Actuary to join our actuarial oversight team where you'll play a key role in providing independent oversight and challenge of third‑party calculations supporting legacy life and pensions business to ensure the safety of customer financial outcomes. You'll work closely with internal stakeholders and external service providers to ensure actuarial outputs are robust, well‑controlled and fit for purpose, while also supporting continuous improvement of the control environment. This is an opportunity to apply professional judgement, influence customer outcomes and help strengthen the quality and resilience of actuarial processes.
Responsibilities
- Providing effective actuarial oversight and challenge of third‑party actuarial calculations, processes and controls.
- Reviewing and assessing the quality, completeness and appropriateness of actuarial outputs, ensuring they meet internal standards and external requirements.
- Supporting improvements in the control framework, including documentation, governance, issue management and remediation activities.
- Developing a strong understanding of data flows, administration systems and end‑to‑end processes supporting legacy life and pensions business.
- Identifying risks, issues and emerging themes, and escalating or advising appropriately with clear, evidence‑based insight.
- Working collaboratively with third‑party providers, and other internal teams.
- Communicating complex actuarial and technical matters clearly to a range of audiences, including non‑specialists.
- Contributing to continuous improvement of oversight approaches, tools and ways of working.
- Supporting knowledge‑sharing and capability development within the actuarial oversight community.
Qualifications
- Qualified Actuary (FIA / FFA or equivalent).
- Experience applying actuarial judgement within life insurance and/or pensions, ideally including legacy books of business.
- A strong understanding of actuarial calculations, as applied to life and pension products, with the confidence to provide constructive challenge.
- Desirable 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.
Benefits and Diversity Commitment
We're investing billions in our people, places and technology to change the way we meet the needs of our 28 million customers. We are growing and would love you to be part of the journey. We are committed to diversity, equity and inclusion, supporting our customers, colleagues and communities.
Actuarial Oversight Manager in Bristol employer: LLOYDS BANKING GROUP
Join a forward-thinking organisation that prioritises the well-being of its employees and customers alike. As an Actuarial Oversight Manager, you'll benefit from a culture of continuous improvement and collaboration, with ample opportunities for professional growth and development. Our commitment to diversity, equity, and inclusion ensures a supportive environment where your contributions are valued, making this an excellent place to advance your career in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Oversight Manager in Bristol
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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 BANKING GROUP.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at LLOYDS BANKING GROUP. 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 BANKING GROUP
✨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 BANKING GROUP 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 BANKING GROUP, 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 BANKING GROUP'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.
