Actuarial Technician Apprentice - Bristol

Please note, this site is only for external candidate applications. If you currently work for Lloyds Banking Group please apply via the internal career site.

Please note:  In order to complete an apprenticeship there needs to be a significant learning need.  You need to consider your previous qualifications or significant relevant work experience which may mean you cannot proceed with this application.

End Date

Sunday 23 February 2025

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working

Job Description Summary

JOB TITLE: Actuarial Technician Apprentice
SALARY: £25,000 starting salary, plus fantastic benefits
LOCATION(S): Bristol
HOURS: Full-time
START: Early to mid-September 2025

WORKING PATTERN: We will want you to be working in the office most of the time as you settle into your role with a view to moving to hybrid working where you will be in your hub office for a minimum of two days per week.

Imagine what’s next. Imagine developing knowledge and insight to help millions of our insurance customers make the right decisions for their needs. Make it real. Apply now for our Actuarial apprenticeship programme.

Job Description

Help us empower our people and Help Britain Prosper

At Lloyds Banking Group, we are passionate about delivering high-quality apprenticeship experiences to support everyone to realise their full potential.

This is an opportunity to learn skills, gain a qualification and earn a salary, all while playing a meaningful role in shaping finance as force for good.

You’ll play a crucial role in the success and integrity of our business. As a trusted insurance provider to millions, we must make the right decisions for both our business and our customers. Our Actuarial teams make sure we do.

By helping customers protect what matters most to them, our insurance business plays a key part in our drive to Help Britain Prosper. We're one of the largest insurers in the UK, supporting around six million customers every day with their insurance, pensions, and investment needs. 

Our Actuarial teams make sure colleagues and decision-makers have everything they need to understand insurance risks, making sure we always operate responsibly.

What you’ll learn

On this scheme, we’ll share the full scale of our insurance business and give you a detailed insight into everything that being an Actuary has to offer. Think insurance is dull? Think again. The work is fascinating, challenging and full of variety. 

You’ll take complex information and turn it into plain English for non-specialist colleagues. So, you’ll need to be a good communicator, and always be looking to learn, ready to work hard to make a positive difference to our business and customers. 

An important part of this scheme will involve completing Actuarial exams aimed at providing you with the knowledge and skills to be successful in your role and qualify as an Actuary. But don’t worry, we’ll provide you with industry leading study support, to help you every step of the way. 

Your apprenticeship journey will take around 27 months to complete and cover things such as:

• Practical mathematics and statistics

• Financial mathematics

• Money laundering

• Actuaries code.

On completion of the level 4 apprenticeship, you will  progress to a higher level apprenticeship with a view of becoming a fully qualified Actuary.

Why Lloyds Banking Group?

Join us and, as well as making a difference to customers, you’ll enjoy a fulfilling career where you’re free to be yourself. Great colleagues, transforming workspaces, hybrid working and a wide variety of career opportunities – you’ll find them all here.

What you’ll need to apply

• GCSE (or equivalent) at grade 4-9 in both Maths and English (Language and / or Literature)

• PLUS - 3 A levels (or equivalent) at grade A*-C

• You will need one of these A levels to be in Maths at grade B or higher.

These grades can be predicted, but any offer made to you will be conditional upon successful achievement of these qualifications.

• You’ll also need to be at least 18 years old on 1st September 2025.

Whilst we welcome candidates who have a degree, this cannot be in a field related to the apprenticeship due to a crossover in learning. We’ll request a copy of your degree module transcript to review if your degree may contain prior learning.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it’s why we especially welcome applications from under-represented groups.

Important information

Due to Home Office requirements regarding Skilled Workers, we’re unable to accept applications for visa sponsorship for our apprenticeship roles as the proposed salary for the role does not meet the minimum threshold – if this situation applies to you, please consider looking for other vacancies which may be more suitable.

Salary

You will join us on a fixed apprenticeship salary where you’ll be eligible for annual pay reviews. Upon successful completion of the apprenticeship, your salary will be increased in line with the grade and pay range for your role.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual bonus award, subject to Group performance

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 22 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies.

If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.

Closing date

The closing date to apply for this opportunity is Sunday, 19 January 2025.

Our roles generate a lot of interest and occasionally we need close for applications earlier than originally advertised. If you think working with us could be right for you, please apply now and see where an apprenticeship with us can take you!  

If you have any queries regarding the recruitment process, please email [email protected]

A member of our team will be happy to help and will reply within 3 working days (Monday – Friday).

Please note that other LBG recruitment mailboxes are unable to answer questions related to apprenticeship recruitment.

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'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.