End Date

Tuesday 02 November 2021

Salary Range

£42,498 – £55,160

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

Agile Working Options

Flexible / Variable Hours

Job Description Summary

The role is within Insurance Finance, specifically the Protection business of Scottish Widows,and reports into the Senior Manager. We’re responsible for implementing the Protection pricingstrategy, working closely with the Insurance business to set prices, using live market data,demographic and capital assumptions.
The Assistant Manager will be performing pricing on Protection propositions. The remit will alsoinclude driving process improvements within the team and working with colleagues across InsuranceFinance on ad-hoc tasks where pricing expertise is needed.

Job Description


A typical day involves monitoring market competitiveness, optimising pricing rates, or supporting colleagues with other tasks linked to Protection contracts already in place.

Accountabilities will include:

  • Validating and manipulating large complex data sets
  • Developing and maintaining an in-depth technical knowledge of our models and products
  • Summarising and communicating complex technical information
  • Delivering high quality results within specified timeframes
  • Managing and mitigating risks in a timely manner
  • Perform Pricing of the Life and CI products for the Bancassurance channel, intermediary and/or LBG Flex products
  • Perform premium reviews for reviewable products
  • Support product development and price optimisation work
  • Produce pricing reports and financial analysis for senior management on price changes and pricing assumptions
  • Support resolution of pricing related queries
  • Pro-actively build and maintain working relationships to identify and satisfy mutual business requirements. This role will involve close liaison with a wide range of business areas within Insurance.

Key skills/experience required


  • A nearly qualified or qualified Actuary, or have gained significant actuarial experience within a similar pricing role
  • Commercially minded and have had some previous exposure to pricing and/or quotation activity
  • Able to implement strong technical ability in analysing problems, determining solutions and specifying calculations
  • Proficient in Microsoft Excel


  • Knowledge of Prophet
  • Knowledge of Python/R
  • Protection product knowledge and/or experience
  • Ability to communicate credibly and clearly to colleagues at all levels

What you’ll get in return

In addition to a competitive base salary, the position also offers:

  • Discretionary Performance Share Award
  • Generous pension contribution
  • A flex benefits cash pot that can be adjusted to suit a specific lifestyle (4% on top of basic salary)
  • Private health cover
  • Share schemes
  • 28 days holiday plus bank holidays
  • Total dedication to ongoing personal and professional development

We know that success is built from the inside out through our people. Our customers’ experience and success starts with yours.

At Lloyds Banking Group, we have a clear purpose; to help Britain prosper and to become the best bank for our customer! What we do makes a genuine difference to families, businesses and communities. Finance is key to that success by securing and building the financial strength and performance of the Bank.

We are committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit! We’re an equal opportunity employer and deeply value diversity within our organisation.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

Did you know we’ve won awards?

We’ve gained industry recognition including Stonewall Top 100 Employer, Top 30 Employer for Working Families, Gold Standard 2014 from the Business Disability Forum and Top 50 Employer for Women.

At Lloyds Banking Group, we’re driven by a clear purpose; to help Britain recover. 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.

This employer is a corporate member of myGwork, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.

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