Assistant Manager, Individual Annuity Pricing

at  Lloyds Banking Group

End Date
Wednesday 02 October 2024
Salary Range
£57,447 - £63,830
We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working
Job Description Summary
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Job Description
Job title: Assistant Manager, Individual Annuity Pricing
Location: Bristol or Edinburgh
Salary: £57,447+ DOE
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 our above offices.
About this opportunity:
Are you a part qualified or newly qualified actuary? If so, we have a phenomenal opportunity to join us!
We’re looking for an Assistant Manager for our Individual Annuity Pricing Team which is part of our Insurance, Pension and Investments division.
This role supports the team to deliver annuity rates changes, product updates and our annuity strategy. The team comprises of pricing and market specialists, and you’ll be responsible for supporting the delivery of appropriate commercial pricing of our Products.

What you’ll be doing:

• Deliver annuity reprices and commercial analysis and developments safely and on time.
• Ensure that annuity pricing is delivered transparently with an audit trail, and that controls and processes have been applied accurately.
• Input into pricing technical basis and methodology development. We work closely with the Pricing Models and Assumptions team!
• Contribute to the specification of commercial pricing models process improvements, and refinements. You’ll collaborate with the Model Development team for these developments.
• Collaborate with teams across the business on annuity pricing.

Why Lloyds Banking Group
Like the modern Britain we serve, we’re evolving. Investing billions in our people, data and tech to transform the way we meet the ever-changing needs of our 26 million customers. We’re growing with purpose. Join us on our journey and you will too!

What you’ll need:

• Partly qualified or newly qualified actuary. Pricing experience helpful, but not crucial.
• An ambitious spirit. You can identify and resolve issues optimally and efficiently.
• Strong communication skills. Able to explain sophisticated problems in simple terms.
• Strong analytical skills, commercial awareness and attention to detail.
• An ability to work with well with colleagues from multi-disciplined backgrounds.

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. We’re disability confident. So, if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

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.
• 28 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

• Deliver annuity reprices and commercial analysis and developments safely and on time.
• Ensure that annuity pricing is delivered transparently with an audit trail, and that controls and processes have been applied accurately.
• Input into pricing technical basis and methodology development. We work closely with the Pricing Models and Assumptions team!
• Contribute to the specification of commercial pricing models process improvements, and refinements. You’ll collaborate with the Model Development team for these developments.
• Collaborate with teams across the business on annuity pricing