Senior Actuarial Manager - Annuities

  • Competitive
  • Bristol, England, Großbritannien
  • Festanstellung, Vollzeit
  • Lloyds Banking Group
  • 17 Jan 19

Senior Actuarial Manager - Annuities

End Date

31 January 2019
Salary Range

£74,625 - £99,500

Job Description Summary

This role reports to the Head of Financial Reporting and involves leading a team of c.10 actuaries. The team produce a wide range of internal and external reporting deliverables relating to Scottish Widows' annuity propositions, which include both individual and bulk annuities.

Job Description

Key areas of focus include:

  • Explaining the key drivers of profits and losses to senor stakeholders and business partnering teams.
  • Ensuring compliance with Solvency II Matching Adjustment regulations.
  • Sign-off of results on a range of bases, in particular IFRS and Solvency II.
  • Reporting on longevity swap arrangements.
  • Collateral reporting for bulk annuity schemes.
  • Ownership of models that calculate illiquidity premium and time value of guarantees.

The successful candidate will be expected to drive improvements to processes and team culture. The function is continually striving to reduce the level of manual intervention and increase the time spent on generating insight and developing capability of team members.

Suitable applicants are likely to:
  • demonstrate excellent leadership credentials
  • exhibit a growth mind set
  • be a qualified actuary
  • have financial reporting experience in the insurance industry


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.