Chief Actuary

Lloyds Banking Group

General Insurance Chief Actuary overseeing actuarial teams and providing insights for strategic business decisions. Leading governance and compliance with regulatory standards.

Posted 6/5/2026full-timeLeeds • 🇬🇧 United KingdomLead💰 £156,681 - £184,330 per yearWebsite

About the role

Key responsibilities & impact

Directs a team of actuarial professionals.
Crafts the operating model and works closely with participants.
Supports business planning and decisions by providing insight, control, and thought leadership.
Responsible for delivering elements related to reserves, capital, and liquidity, including maintaining and improving processes and models.
Provides pricing and underwriting support.
Proactively considers forward-looking capital and optimisation projects for the General Insurance business.
Leads 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.
Maintains a high performing team to ensure colleagues are led, mentored and developed.
Interprets and translates policy into processes for functional areas and business divisions.

Requirements

What you’ll need

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.

Benefits

Comp & perks

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

ATS Keywords

✓ Tailor your resume

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

GI pricingcapital managementreservingliquidity managementALMbusiness planningmarket consistent techniquesSII Internal ModelSII legislative requirementsrisk assessment

Soft Skills

leadershipmentoringcommunicationstrategic thinkingproblem-solvinginfluencingconstructive challengeoversightchange managementcollaboration

Certifications

qualified actuary