Actuarial Analyst

Last updated 1 hours ago
Location:City of Bristol, Edinburgh
Job Type:Full Time

End Date

Saturday 14 November 2020

We support agile working – click here for more information on agile working options.

Agile Working Options

Flexible / Variable Hours, Other Agile Working Arrangements / Open to Discussion

Job Description Summary

LBG Actuarial Graduate Programme

Job Description


Use your passion for maths and problem solving to train as an actuary in our insurance business where you’ll make a real difference to the lives of our customers at times when they most need our help.


Typically six to seven years to qualify as an actuary, but may be as low as three years depending on your actuarial exam performance and whether degree comes with actuarial exam exemptions. Upon qualification you will have a permanent role in our actuarial department.


Competitive with generous exam linked pay rises.

Plus a great range of benefits and a market leading study package


Edinburgh or Bristol with opportunities to move between sites if so desired.


Fellow of the Institute and Faculty of Actuaries (IFoA)


We will sponsor your Tier 2 visa, if you need one to work in the United Kingdom.


Scottish Widows is one of the largest insurance brands in the UK, with a truly distinguished heritage. We help our six million customers cover what they care about most through our life insurance, pensions and investment propositions. This is where our actuaries do their best work: they analyse financial complexity and apply their professional judgment to ensure that we can provide the right products and services to our customers.


Our vision of being the best bank for customers is dependent on every colleague committing to and demonstrating our core value of "putting customers first". In joining us you'll have a role that matters and will contribute towards the Group achieving our vision through your day-today actions being performed in line with our Codes of Responsibility and Group Policies. By individually and collectively committing to our Group values and codes, we will be able to make a difference together and help Britain prosper.

We're also committed to employing a diverse and inclusive workforce, reflective of the customers and communities we serve – where all our colleagues can be themselves and succeed on merit.

We're proud to have received the following industry recognition: 'Stonewall Top Private Sector Employer', 'Top10 Employer for Working Families', 'The Times Top 50 Employer for Women' and both 'Gold Standard' and "Best Workplace Adjustments Process" from the Business Disability Forum – each demonstrating our commitment to the principles of agile working and inclusion for all.


If you have instinctual problem-solving skills, enjoy the idea of helping make a real difference to our customers’ lives when they most need help, and want a career that’s diverse, rewarding and challenging, then becoming an actuary could be for you.

As you might expect our actuarial team members are passionate about numbers and have strong analytical skills. They’re also deeply inquisitive, strategic thinkers who are focused on what our customers really need. They can spot the big issues in the finer details and are great at explaining complexity in a simple way. This makes them great collaborators and trusted advisors. If this excites you then our actuarial graduate pathway will help you develop your craft, and will also support you as you achieve your professional actuarial qualification.


This graduate pathway is designed to support your learning, every step of the way. Over that time, you’ll learn about the breadth and scale of our business, and what being an actuary has to offer.

On the graduate pathway you’ll:

  • Work through several 12–24-month rotations with different teams across the business, such as business strategy, reporting, pricing, modelling and asset liability management;
  • Be able to ask your colleagues a lot of questions and learn on the job, every day; and
  • Become well-versed in explaining complex number-sets through clear and concise stories, sometimes using data visualisation tools.

As actuaries need to sit a series of exams, you’ll have access to our study package that covers the cost of materials and exam fees, plus a generous study day allowance. Best of all, you’ll be part of collaborative teams that will give you the rewarding career you’re looking for, as well as the understanding and support you need during your IFoA exams.

All this so that by the time you qualify, you’ll be an experienced, confident and professional actuary.


  • Helping to design or price insurance products for individual customers
  • Complex modelling and providing analysis & insight to the business.
  • Exploring opportunities to develop our asset strategy
  • Contributing to and writing reports that support the work of senior directors
  • Developing your technical knowledge


The expectation of (and then achieve) at least a 2:1 degree; and A-Level or Scottish Higher Maths at a minimum grade B or equivalent.

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.