Actuarial Oversight Manager

Lloyds Banking Group

Actuarial Oversight Manager role at Lloyds Banking Group providing oversight and challenge of third-party actuarial calculations. Collaborating with internal and external stakeholders to ensure robust actuarial outputs.

Posted 6/30/2026full-timeBristol • 🇬🇧 United KingdomMid-LevelSenior💰 £89,739 - £99,710 per yearWebsite

About the role

Key responsibilities & impact

Providing effective actuarial oversight and challenge of third‑party actuarial calculations, processes and controls
Reviewing and assessing the quality, completeness and appropriateness of actuarial outputs
Supporting improvements in the control framework, including documentation, governance, issue management and remediation activities
Developing a strong understanding of data flows, administration systems and end‑to‑end processes supporting legacy life and pensions business
Identifying risks, issues and emerging themes, and escalating or advising appropriately
Working collaboratively with third‑party providers, and other internal teams
Communicating complex actuarial and technical matters clearly to a range of audiences
Contributing to continuous improvement of oversight approaches, tools and ways of working
Supporting knowledge‑sharing and capability development within the actuarial oversight community

Requirements

What you’ll need

Qualified Actuary (FIA / FFA or equivalent)
Experience applying actuarial judgement within life insurance and/or pensions
Strong understanding of actuarial calculations, as applied to life and pension products
Knowledge of data, administration systems and control environments supporting life and pensions operations (Desirable)
Experience working with or overseeing third-party service providers (Desirable)
Experience in actuarial governance, risk management, model assurance or change assurance (Desirable)
Experience working with With-Profit policies (Desirable)

Benefits

Comp & perks

Flexible working options
Extensive benefits package

ATS Keywords

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Hard Skills & Tools

Actuarial OversightActuarial CalculationsRisk ManagementModel AssuranceChange AssuranceData Flow UnderstandingControl Framework ImprovementGovernance DocumentationIssue ManagementWith-Profit Policies

Soft Skills

Effective CommunicationCollaborative WorkKnowledge SharingCapability Development

Certifications

Qualified Actuary (FIA / FFA)