End Date
Thursday 26 March 2026
Salary Range
£0 - £0
Flexible Working
We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working, Job Share
Job Description Summary
Delivers influential insight, advice and exercises control through operating as a senior level functional specialist, with expertise as a longevity actuary in the enhanced annuity/older life market
Job Description
JOB TITLE: Enhanced Annuities Manager/Senior Manager.
LOCATIONS: Edinburgh or Bristol.
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 the above office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy.
Why join us?
If you think all banks are the same, you’re wrong. We’re a pioneering, fast-changing business that’s shaping finance as a force for good. If you’re after a role where you can have an impact and do the best work of your career, you’ve just found it.
After finishing 2024 as the UK’s largest provider of individual annuities and a successful 2025, we're setting our sights even higher. A key pillar will be growing our ability to serve customers in the Enhanced Annuity market, where lifestyle and medical conditions can improve the rate we offer customers.
We’re looking for a talented longevity actuary/specialist with relevant later life longevity experience to help take us to the next level.
Day to day, you'll:
* Create and deliver a strategy to help us grow in Enhanced Annuities.
* Develop and improve our understanding of the market within the Group and develop longevity assumptions and methodologies that allow us to benchmark our current proposition.
* Help form a cross-department community to help deliver an enhanced annuity strategy and commercial focus (across diverse areas such as Product Management, Finance, Annuity Pricing, and Demographic assumptions).
* Use your knowledge and experience of the enhanced annuity and longevity reinsurance market to share and implement best practice in the pursuit of marginal gains.
* Cooperate closely with delivery (Platform) colleagues to ensure that any process and system changes required to support enhanced annuities are suitably planned and prioritised.
* Be at the forefront of market developments, improving on latest trends and turning them into opportunities for growth.
* Work with our reinsurance/underwriting partner to identify win-win opportunities through collaboration and ensure that our relationship is managed effectively.
What we’re looking for
* Longevity experience in the Enhanced Annuity market, either from a provider or reinsurer, with experience of setting and monitoring assumptions.
* Direct experience of longevity reinsurance and how it can best be applied to optimise our annuity proposition.
* Familiarity with Product Management disciplines, such as the product design process, product governance.
* Familiarity with P&L management of complex products, a keen commercial focus, and ability to make analytical trade-offs.
* Qualified actuary (e.g. FIA/FFA).
* Experience in demographic research, especially relating to longevity, mortality, or population health trends would be highly beneficial.
We know that great talent comes from many backgrounds. We recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.
This is a place for you
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we’re committed to creating an environment in which everyone can thrive, learn and develop.
Come and join the team that runs the UK’s largest individual annuity business and play a vital role in our ongoing success.
Ready to make an impact? Apply today.
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.
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