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Job Description Summary
Use your passion for maths and problem solving to train as an actuary in our Scottish Widows insurance business where our graduates make a real difference, in a fast-changing industry, to the lives of our customers at times when they most need our help.
Job Description
Important
Our graduate scheme may close early if we receive a high number of applications, so it’s best to apply as soon as you can.
Duration
Typically six to seven years to complete the actuarial exams, but may be as low as three years depending on your exam performance and exemptions.
Reward Package
- Market competitive salary with generous exam linked pay rises
- Market leading study package
- An excellent range of benefits
Locations
Edinburgh or Bristol with opportunities to move between sites if so desired.
Lloyds Banking Group have adopted a hybrid working model where you will work in the office and from home.
Professional Qualifications
Fellow of the Institute and Faculty of Actuaries (IFoA)
Visas
Tier 2 visa sponsorship will be provided by Lloyds Banking Group, where needed to work in the United Kingdom.
Our purpose and culture matter
Our purpose is Helping Britain Prosper.
We do this by creating a more sustainable and inclusive future for people and businesses, shaping finance as a force for good.
You can learn more about our responsible business here.
Financing a green future
We recognise that climate change is one of the biggest issues facing society.
As the UK’s largest financial services group, we can make a real difference to tackling climate change by helping to finance a greener future together. We think this will require new ways of living, working and investing for our business and our customers.
We recognise that everyone is different
We value the unique differences that each of our colleagues bring to work every day. Together, we make Lloyds Banking Group stronger and the best bank for customers. We’re working hard to build an inclusive bank that reflects the diversity of modern Britain.
Individuals with disabilities will receive reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Is becoming an actuary for you?
As you might expect our actuarial team members are highly numeric and strategic, and have strong analytical skills. They’re also deeply inquisitive people who are passionate about what our six million insurance customers really need. They can spot the big issues in the finer details and can expertly explain complexity in a simple way!
This makes them phenomenal collaborators and trusted advisers. If this excites you then joining us as an actuarial trainee will help you develop your craft, and will also support you as you achieve your professional actuarial qualification.
What's on offer
This graduate programme is crafted to fully support our graduates' learning needs, every step of the way. Over that time, our graduates experience the breadth and scale of our business, and what being an actuary has to offer.
Our graduates:
- Work through several 12–24-month rotations with different teams across the business, such as business strategy, reporting, pricing, modelling and asset liability management
- Enjoy being part of a vibrant and sociable actuarial student community
- Are able to ask 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.
Our actuarial students receive an outstanding study package that covers the cost of materials and exam fees, plus a generous study day allowance.
Best of all, our graduates work in collaborative teams that provide exciting careers as well as the understanding and support needed for the IFoA exams!
What you need to apply
- An expected 2:2 degree or higher
- A clear understanding of what an actuary does and a strong desire to become one
- A passion for problem solving and a natural ability for logical thinking
- The ability to work collaboratively with colleagues in the office and from home
- An ability to consistently hit challenging deadlines
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.
