Lloyds Banking Group
Pricing Actuary
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Pricing Actuary
SALARY: £89,739 - £99,710
LOCATION(S): Bristol & Edinburgh
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 our offices.
About this opportunity
At Lloyds Banking Group, we're motivated by a clear purpose - to Help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities.
In an ever-changing market we need to be able to continually innovate and evolve our products and services. Strong support and advice from our pricing actuaries is at the forefront of this: that's where you come in!
The Pricing team within Actuarial Methodology and Advice plays a key role in supporting the pricing of our insurance and investment products. This includes ensuring that our Pricing Methodology, Models, Tools and Processes are maintained to a high standard, are accurate and fit for purpose. We are a customer focused team, with a strong focus on delivering value-adding advice to our stakeholders as well as efficient and user-friendly tools.
Our team works out of our Edinburgh and Bristol hubs therefore we'll need you to be based a commutable distance from one of these areas. We work in a hybrid model, splitting our time between the office and working from home.
What you'll be doing:
- Partnering with stakeholders to understand their needs and identify where pricing tools, models and methodologies can best support sustainable growth
- Acting as an SME to commercial pricing & platform teams and proposition projects, supporting pricing decisions and analysis across products
- Effectively and efficiently setting pricing assumptions, maintaining consistency with reporting assumptions where appropriate, applying expert judgement and insight-backed justification
- Designing and implementing innovative, robust and well-controlled solutions that improve pricing capability - this includes pricing models and trigger-based assumption reviews
- Developing and enhancing methodologies for existing and new pricing models, using tools such as Python, R, and Mo.Net
- Supporting the implementation and continuous improvement of the pricing framework
- Building insight across a broad range of products and propositions, using data to optimise pricing solutions, ensure pricing reflects underlying risk and support the delivery of strong business outcomes
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Why join us?
We're on an exciting journey to transform our Group and the way we're shaping finance for good. We're focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.
What we're looking for:
- Inquisitive with a strong problem-solving background
- Strong technical ability in analysing customer needs, designing and implementing effective solutions
- Able to effectively use AI and automation to simplify work and deliver high quality output at pace
- A basic understanding of coding and model development, ideally with relevant experience in one or more of these software packages (Python, R, VBA, Mo.Net)
- A good understanding of actuarial concept and techniques, e.g. a qualified Actuary, with experience in annuity pricing and annuity investment management.
- Excellent written and verbal communication skills
- Effective influencing and stakeholder management skills
- A keen eye for detail
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We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, 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
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An 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
- A range of wellbeing initiatives and generous parental leave policies
Ready to make an impact? Apply today!
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