Senior Actuarial Manager - Protection Pricing

Lloyds Banking Group
13 Feb 2018
16 Feb 2018
Contract Type
Full Time

Through our brands, Lloyds Banking Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses, and play a key role in helping to create a thriving UK economy.

This is a role for a talented and commercially minded Senior Pricing Actuary, within the growing Protection business of Scottish Widows and Lloyds Banking Group. The role sits within the Commercial Finance Director team for Longstanding and Protection and reports directly into the Head of Protection Pricing.

In this role you would support the development of the Pricing Strategy through pricing of the Life and CI products for the IFA (Scottish Widows Protect) and the LBG Bancassurance channels, the main focus of which is on the IFA channel pricing.

You'll support product development and drive forward price optimisation work and add value to new business proposition developments with the aim of improving business profitability across the product lines and being the first choice for customers. A motivational leader, you'll be adept at developing others as you deliver through a team of 5 with performance management for 2 colleagues, together we make it possible.

  • Produce pricing reports and financial analysis for senior management on price changes and pricing assumptions
  • Work collaboratively to support the reinsurance strategy and retenders, work with projects, co-ordinating plans and resources to achieve within the required time, cost and quality parameters
  • Plan, communicate and implement improvements to systems, processes and procedures, ensuring team commitment to any necessary changes
  • Escalate, manage and mitigate risks in a timely manner

There is great visibility in this role as you'll work in close liaison with a wide range of business areas within Insurance including the wider Commercial FD team, Underwriting Strategy, SWP Proposition and Commercial Teams, Client Services, IT, Customer Operations, Risk & Finance across the Group and externally such as the reinsurers.

Qualified Senior Actuary with Protection Pricing experience

Proven line management experience and delivering through others

Being a part of Lloyds Banking Group offers opportunity for progression and development, so if you're looking to work for one of the largest Financial Services organisations in the UK appeals, based at our offices in central Edinburgh and you've the skills and knowledge and drive we're seeking then click "apply" - we'd like to hear from you.

We have a long track record in flexible working and we're always open to new ways to improve our people's work-life balance. Discover a culture that values you and empowers you to make a difference.

In return we'll offer you a competitive package which includes salary, bonus, generous pension contribution, a study package if required and flex cash to spend on a host of benefits to suit your lifestyle.

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