Description
Senior Actuarial Manager — Actuarial Assumptions, Insights & Models
Location: Edinburgh or Bristol
Hybrid pattern: Hybrid working, 40% (or two days) per week in an office site
About the role
We’re looking for a senior manager who is passionate about setting direction, energised by change, and motivated by the opportunity to shape how actuarial insight supports better decision‑making. You’ll join the Actuarial Assumptions, Insights and Models (AAIM) team within Insurance, Pensions & Investments (IP&I) Finance—a collaborative, outcomes‑focused team that values diverse perspectives, strong relationships and a growth mindset.
This is a high‑profile role leading the Actuarial Function Support and Capital Insights team within AAIM. You’ll build a broad view of actuarial practice, capital and risk management, and help shape how we work—modernising delivery by embracing new technology. You’ll have regular contact with senior leaders and build strong relationships across IP&I.
What you’ll be doing
1. You’ll be accountable for setting direction, prioritising delivery, and developing future actuarial leaders, while remaining close enough to the work to challenge, coach and influence outcomes.
2. Lead and develop a team of c.9, encouraging a curious learning culture and growth mindset.
3. Lead the production of key actuarial reports (including the ORSA, Actuarial Function Report, and Recovery & Resolution plans) ensuring the outputs are of high quality, well‑governed and provide clear insight for decision making.
4. Lead SUK Risk Calibration reporting and related governance, ensuring methodologies are understood and impacts are clearly communicated.
5. Drive ongoing development of models and tooling to improve efficiency, control and insight.
6. Own the baselining framework and delivery plan, including setting targets and reviewing, challenging and signing off exercises.
Essential skills & experience
7. Qualified Actuary (or equivalent experience) with strong post‑qualification experience
8. A strong understanding of Solvency II / Solvency UK concepts and requirements
9. A desire to improve ways of working including a proactive approach to utilising the benefits from new technology.
10. Strong people leadership and coaching skills, creating a motivated, inclusive and high‑performing team culture.
11. Strong stakeholder management skills, with the credibility to influence senior stakeholders and committees.
12. Ability to communicate complex topics clearly and concisely - both in written reports and in committee settings.
13. Experience collaborating across IP&I and building effective, trusted networks.
We also offer a wide-ranging benefits package, which includes:
14. A generous pension contribution of up to 15%
15. An annual performance-related bonus
16. Share schemes including free shares
17. Benefits you can adapt to your lifestyle, such as discounted shopping
18. 30 days' holiday, with bank holidays on top
19. A range of wellbeing initiatives and generous parental leave policies
Ways of working
We support hybrid working and are happy to discuss flexible arrangements—including reduced hours and job share. If you’re interested in job sharing, please apply jointly or indicate your interest; we can help you explore matches via the Group’s job‑share register.
We’re inclusive by design
We’re committed to inclusive hiring. If you have a disability, long‑term health condition or are neurodivergent, we’ll make reasonable adjustments to support you through the process. Candidates who meet the essential criteria and are part of the Disability Confident Scheme will be offered an interview.
Ready to apply?
Please submit your application via Workday.
Helping Britain Prosper – join us in crafting the future of actuarial excellence!
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.