Actuarial Apprentice (Bristol)

LLOYDS BANKING GROUP; Bristol; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading banking institution in Bristol is looking for an Actuarial Apprentice to engage in pricing, analyzing risks, and developing models. Candidates should have strong math skills and relevant qualifications. The role requires office attendance at least two days a week during the apprenticeship, with a broad benefits package, including pension contributions and bonuses.

Benefits

Generous pension contribution up to 15%

Annual performance-related bonus

Share schemes including free shares

Discounted shopping benefits

22 days' holiday plus bank holidays

Wellbeing initiatives and generous parental leave policies

Qualifications

• Minimum age requirement is 18 years old by 1st September 2026.
• Must possess a valid Right to Work in the UK.
• Grades can be predicted, but offer is conditional upon meeting qualifications.

Responsibilities

• Support insurance decision makers with relevant data.
• Use advanced statistical techniques to forecast outcomes.
• Analyze data trends to inform decision making.

Skills

Excel/VBA

Python

R

Prophet

Power BI

Mathematics

Problem-solving

Data storytelling

Communication

Education

GCSEs at grade 4 - 9 in Maths and English

3 A Levels at grade BCC including a B in Maths

Job description

Pricing insurance, pensions and investments using specialist techniques to make sure we're fair and competitive. Calculating reserves and capital so we can pay out future claims when our customers need us most. Using actuarial and statistical modelling techniques to understand and prepare for a wide range of risks.

Designing and developing actuarial models and software to predict outcomes and guide decisions. Analysing past data and trends to set smart assumptions that power our models. Optimising investment strategies to keep us aligned with regulatory requirements and risk appetite.

Explaining complex concepts to stakeholders and presenting financial results that influence strategic thinking. Sometimes it'll be your job to translate all that into plain English for colleagues and leaders.

Skills and Qualifications

You'll nail how to create, verify and review accurate, timely financial information while working with the latest and greatest tools and tech: Excel/VBA, Python, R, Prophet and Power BI. Along the way, you'll level up your maths, problem-solving, data storytelling and communication skills.

And get the confidence to explain complex ideas simply (which is super useful for any career). We're modernising how we work, too. Creating a more agile, automated and insight-driven environment. You'll be part of that transformation, helping us improve how we use data and models across the business.

Responsibilities and Benefits

Make sure our insurance decision makers have all the facts and stats they need. Help us keep on the right track while protecting 28 million customers. Actuaries don't have crystal balls. But they do have sharp brains, serious maths skills and the tech to see around corners.

They're the people who spot what's coming - from how long people might live, how often accidents might happen, to how markets may behave and shift. They make sure the financial promises we make today still stand decades from now.

We offer a wide-ranging benefits package, which includes:

• 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
• 22 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

Requirements

You'll need to be at least 18 years old on 1st September 2026

• GCSEs at grade 4 - 9 in both Maths and English - Obtained
• 3 A Levels at grade BCC including a B in Maths - These grades can be predicted, but any offer made to you will be conditional upon successful achievement of these qualifications

An additional requirement for the apprenticeship position is that you must currently possess a valid Right to Work in the UK. Your visa end date must extend beyond the duration of the apprenticeship programme, which will last up to five years.

Work Environment

This apprenticeship is based in Bristol, and you will be expected to work from your primary office throughout the programme. While our hybrid working policy requires office attendance at least two days per week (40% for full-time colleagues), apprentices are expected to be in the office most days during the initial settling-in period.

We're committed to creating an environment in which everyone can thrive, learn and develop. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

Lloyds Banking Group is an equal opportunities employer and welcomes applications from all qualified candidates. We are committed to building a workforce that reflects the diversity of the customers and communities we serve.