GI Risk Actuary
£114,606 - £134,830
Location: Edinburgh, Leeds, Cardiff/Newport, or Bristol. Must be able to work in one of these hubs.
Hours: Full‑time. Working pattern: hybrid, at least two days per week (or 40% of time) at an office site.
About this opportunity
An opportunity has arisen in the Insurance, Pensions & Investments Risk team, focusing on our General Insurance business. We are looking to bring in a Senior Risk Manager to strengthen our GI oversight. The role sits in a small team reporting to the Head of Financial & Insurance Risk but will work across the department in virtual teams and with other senior stakeholders.
Day‑to‑day responsibilities
- As a key player in the GI Claims and Reserving, Exposure Management, and Pricing and Performance Committees, challenge first line teams on technical provisions, reserve margins, and uncertainties, driving improvements and efficiencies—especially through smarter data use.
- Deliver sharp oversight and advice on pricing and performance, scrutinise models, strategies, reserving approaches and techniques, and loss trends, while challenging the business on market trends, emerging risks, and best practice.
- Support and robustly challenge strategic and commercial decisions across the business cycle, lead deep‑Dive risk reviews into the financials of the GI business, and bring financial rigour to non‑financial risk reviews.
- Ensure regulatory and professional compliance, and shape GI and reinsurance risk appetites.
- Work closely and collaboratively with the first line teams and be prepared to travel to other key hubs as needed.
What you’ll need
- Actuary with several years post‑qualification experience.
- Strong background in personal lines insurance, especially household. Connections within the general insurance market, and experience in both industry and consultancy roles would be an advantage.
Technical & soft skills
- Proven expertise in GI personal lines reserving and reinsurance, with hands‑on, up‑to‑date experience.
- Strong pricing skills in household or experience of sophisticated pricing approaches used on other personal lines, including advanced data analytics and price optimisation techniques.
- In‑depth understanding of current and emerging regulations.
- Outstanding communicator and stakeholder manager—curious, creative, and unafraid to challenge or defend a viewpoint, yet adaptable when needed.
Beneficial experience
- Data science capabilities.
- GI capital modelling know‑how.
Benefits
- Generous pension contribution of up to 15%.
- 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.
- Range of wellbeing initiatives and generous parental leave policies.
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.
How to apply
If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you!
GI Risk Actuary employer: LLOYDS BANKING GROUP
Lloyds Banking Group is an exceptional employer that prioritises employee well-being and professional growth, offering a dynamic work culture that fosters collaboration and innovation. With the flexibility of remote working and opportunities for career advancement within the Economic Crime Prevention function, employees can thrive in a supportive environment while contributing to meaningful compliance efforts. The company's commitment to diversity and inclusion further enhances its appeal, making it a rewarding place to build a career.
