Actuarial Oversight Manager - Fixed Term Contract

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

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Job Description Summary

Job Description

JOB TITLE:  Actuarial Oversight Manager – Fixed Term Contract.

SALARY: £89,700pa to £109,600pa plus an extensive benefits package pro rata.

LOCATIONS: Bristol or 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 office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy. 

We’re looking for a Qualified Actuary to join our actuarial oversight team for a 12-month Fixed Term Contract.  You’ll play a key role in providing independent oversight and challenge of third‑party calculations supporting legacy life and pensions business to ensure the safety of customer financial outcomes.  You’ll work closely with internal stakeholders and external service providers to ensure actuarial outputs are robust, well‑controlled and fit for purpose, while also supporting continuous improvement of the control environment. This is an opportunity to apply professional judgement, influence customer outcomes and help strengthen the quality and resilience of actuarial processes.

What you’ll be doing

• Providing effective actuarial oversight and challenge of third‑party actuarial calculations, processes and controls.

• Reviewing and assessing the quality, completeness and appropriateness of actuarial outputs, ensuring they meet internal standards and external requirements.

• Supporting improvements in the control framework, including documentation, governance, issue management and remediation activities.

• Developing a strong understanding of data flows, administration systems and end‑to‑end processes supporting legacy life and pensions business.

• Identifying risks, issues and emerging themes, and escalating or advising appropriately with clear, evidence‑based insight.

• Working collaboratively with third‑party providers, and other internal teams.

• Communicating complex actuarial and technical matters clearly to a range of audiences, including non‑specialists.

• Contributing to continuous improvement of oversight approaches, tools and ways of working.

• Supporting knowledge‑sharing and capability development within the actuarial oversight community.

Why join us?

We’re investing billions in our people, places and tech to change the way we meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey.

What we’re looking for

Essential

• Qualified Actuary (FIA / FFA or equivalent).

• Experience applying actuarial judgement within life insurance and/or pensions, ideally including legacy books of business.

• A strong understanding of actuarial calculations, as applied to life and pension products, with the confidence to provide constructive challenge.

Desirable

• Knowledge of data, administration systems and control environments supporting life and pensions operations.

• Experience working with or overseeing third‑party service providers.

• Experience in actuarial governance, risk management, model assurance or change assurance.

• Experience working with With-Profit policies

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:

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.​  ​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.​  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 provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.​

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.