GI Risk Actuary

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Salary Range

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Job Description Summary

Job Description

JOB TITLE: GI Risk Actuary

SALARY: £114,606 - £134,830

LOCATION(S): The candidate should work in one of our hubs in Edinburgh, Leeds, Cardiff / Newport, or Bristol. 

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

Do you want to lead high‑impact GI risk oversight in a growing business where your challenge, insight and technical expertise directly influence key decisions?

About this opportunity

An opportunity has arisen in the Insurance, Pensions & Investments Risk team, focusing on our General Insurance business. Given the increasing importance of general insurance lines (mainly household but motor and pet broking) to our proposition, we are looking to bring in a Senior Risk Manager to strengthen our GI oversight. The role sits in a small team reporting to the Head of Financial & Insurance Risk but would work across the department in virtual teams and with other senior stakeholders.   

Day to day, you will:

• As a key player in the GI Claims and Reserving, Exposure Management, and Pricing and Performance Committees, you will actively challenge first line teams on technical provisions, reserve margins, and uncertainties, driving improvements and efficiencies—especially through smarter data use.

• You’ll deliver sharp oversight and advice on pricing and performance, scrutinising models, strategies, reserving approaches and techniques, and loss trends, while challenging the business on market trends, emerging risks, and best practice.

• We expect you to support and robustly challenge strategic and commercial decisions across the business cycle, lead deep dive risk reviews into the financials of the GI business, and bring financial rigour to non-financial risk reviews.

• Your expertise will help ensure regulatory and professional compliance, and you’ll play a pivotal role in shaping GI and reinsurance risk appetites.

• You would be expected to work closely and collaboratively with the first line teams and should be prepared to travel to other key hubs as needed.

Why join us?

We’re transforming at pace. Investing billions in our people, data 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 you’ll need:

• You should be an actuary with several years post qualification experience.

• You should have a strong background in personal lines insurance, especially household.  Good connections within the general insurance market, and experience in both industry and consultancy roles would be an advantage.

Technical & soft skills:

• Proven expertise in GI personal lines reserving and reinsurance, with hands-on, up-to-date experience.

• Strong pricing skills (household or experience of sophisticated pricing approaches used on other personal lines), including advanced data analytics and price optimisation techniques.

• In-depth understanding of current and emerging regulations.

• Outstanding communicator and stakeholder manager—curious, creative, and unafraid to challenge or defend a viewpoint, yet adaptable when needed.

And any experience of these would be really useful:

• Data science capabilities are highly valued.

• GI capital modelling know-how is a real plus.

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

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

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.