End Date
Wednesday 24 June 2026Salary Range
£156,681 - £184,330We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid WorkingJob Description Summary
.Job Description
JOB TITLE: General Insurance Chief Actuary
LOCATION(S): Bristol, Edinburgh or Leeds
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.
About this opportunityReporting to the Group Chief Actuary, this General Insurance Chief Actuary role directs a team of actuarial professionals. The role includes crafting the operating model and working closely with participants. It supports business planning and decisions by providing insight, control, and thought leadership. This is an SMF20 role subject to the relevant regulatory obligations.
Key AccountabilitiesResponsible for delivering elements related to reserves, capital, and liquidity, including maintaining and improving processes and models. Also provides pricing and underwriting support.
Proactively consider forward-looking capital and optimisation projects for the General Insurance business and its engagement with the wider business of the Group.
Lead processes to deliver regular and ad hoc insightful information to influence business decisions.
Contributes to the strategic direction of the General Insurance business, applying insight to support participation, product, rate setting, and risk assessment options.
Lead actuarial projects or provide actuarial advice to corporate projects with an impact across the divisions.
Maintain a high performing team to ensure colleagues are led, mentored and developed.
Ensure self and team maintain positive interaction with key business and finance collaborators with a view to continuous improvement in working relationships and working practices.
Interpret and translate policy into processes for functional areas and business divisions
Proactively build and maintain an external and internal network for the purpose of commercial understanding and/or the protection of customers
Incorporate new regulatory standards while advising and providing updates to the board. Lead all aspects of General Insurance and other governance bodies on technical, strategic, and regulatory issues. This includes the reserved roles under UK Solvency II.
Develop a positive relationship with the PRA, contributing to and leading discussions on actuarial and risk items, Solvency II and internal model maintenance and development.
Promote positive engagement with Risk and Internal Audit. Sustain a positive tone at the top. Ensure appropriate risk focus in decision-making. Maintain a strong control, governance, and compliance structure.
Review and make recommendations relating to the Organisation build to ensure it is fit for purpose.
Support the wider education of the business in all matters GI
Qualified actuary with extensive experience of GI pricing, capital (quantification, reporting, management and monitoring), reserving (including claims processes and reserve monitoring/setting), Liquidity management and ALM
Business Planning experience, especially stress and sensitivity
Entity / Reinsurance structure knowledge
Sound knowledge of market consistent techniques, policies/risk appetite, SII Internal Model and its calibrations, SII legislative requirements, the wider regulatory context and practical implications
Track record of:
Being able to explain sophisticated technical matters to broader senior audiences
Ability to have difficult conversations at any level in the Organisation, provide constructive challenges and effective oversight of significant/sophisticated businesses
Delivering sophisticated projects across different functions; taking practical decisions to deliver what’s required on time and within budget.
Leading others through change
About working for us
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.
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.
