Lloyds Banking Group
Actuarial Oversight Manager
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Actuarial Oversight Manager
Salary: £89,700–£109,600 pa plus extensive benefits package
Locations: Bristol or Edinburgh
Working Pattern: Hybrid (minimum 2 days/week at an office site). Flexibility supported via Flexibility Works policy.
We are seeking a Qualified Actuary to join our actuarial oversight team, where you will provide independent oversight and challenge of third-party actuarial calculations supporting legacy life and pensions, ensuring the safety of customer financial outcomes.
This role involves working closely with internal stakeholders and external partners to:
- Ensure actuarial outputs are robust, well-controlled, and fit for purpose
- Facilitate continuous improvement of the control environment
You will apply professional judgement, influence customer outcomes, and strengthen the quality and resilience of actuarial processes.
Key Responsibilities
- Provide effective actuarial oversight and challenge of third-party calculations, processes, and controls.
- Review and assess the quality, completeness, and appropriateness of actuarial outputs, aligning with internal standards and external requirements.
- Support enhancements to control frameworks, including documentation, governance, issue management, and remediation efforts.
- Develop a deep understanding of data flows, administrative systems, and end-to-end processes supporting legacy life and pensions business.
- Identify risks, issues, and emerging themes, escalating or advising with clear, evidence-based insights.
- Collaborate with third-party providers and internal teams.
- Communicate complex actuarial and technical matters clearly to diverse audiences, including non-specialists.
- Contribute to the improvement of oversight tools and approaches.
- Support knowledge-sharing and capability development within the actuarial oversight community.
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About the Organisation
We are investing billions in people, technology, and infrastructure to redefine how we serve 28 million customers. This is a dynamic opportunity to grow alongside us.
Requirements
Essential
- Fully Qualified Actuary (e.g. FIA or FFA, or equivalent qualification).
- Experience applying actuarial judgement in life insurance and/or pensions, preferably in legacy books of business.
- Strong grasp of actuarial calculations as applied to life and pension products, with the ability to provide constructive challenge.
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Desirable
- Knowledge of data systems and control environments relating to life and pensions operations.
- Experience working with or overseeing third-party service providers.
- Experience in actuarial governance, risk management, model assurance, or change assurance.
- Familiarity with With-Profit policies.
Note: We recognise that transferable skills can outweigh specific experience—if your background aligns with these responsibilities, we encourage you to apply.
Why Join Us?
We are committed to diversity, equity, and inclusion, workplace flexibility, and disability support. As a Disability Confident Leader, we guarantee interviews for eligible candidates who meet the minimum criteria.
Adjustments are available during the recruitment process. Ready to thrive here?
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