Pricing Actuary

Lloyds Bank plc; Bristol; On-site; GBP 90,000 - 100,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Discounts &Lifestyle benefits

Job summary

Lloyds Banking Group is seeking a Pricing Actuary in Bristol/Edinburgh to lead pricing strategy for insurance and investment products, working hybrid with offices in Bristol and Edinburgh.

You will partner with stakeholders, set pricing assumptions, and develop pricing models using Python and R, ensuring robust, justified decisions that support sustainable growth.

This role offers a comprehensive benefits package and opportunities to influence pricing frameworks across the Group.

Qualifications

• Inquisitive with a strong problem-solving background.
• Strong analytical ability to understand customer needs and design effective solutions.
• Experience using AI and automation to improve outputs at pace.
• Basic coding knowledge and model development experience with Python, R, VBA or Mo.Net.
• Understanding of actuarial concepts, with annuity pricing and investment management.
• Excellent written and verbal communication skills.
• Strong stakeholder management and influencing abilities.

Responsibilities

• Partner with stakeholders to understand pricing needs and support growth.
• Act as SME to pricing and platform teams, informing decisions across products.
• Set pricing assumptions consistently with reporting, applying justified insights.
• Design and implement robust pricing solutions, develop pricing models and methodology reviews.

Skills

Pricing tools and methodologies

Stakeholder management

Problem-solving

AI and automation

Python

R

Mo.Net

Actuarial pricing

Coding basics

Education

Qualified Actuary

Tools

Python

R

VBA

Mo.Net

Job description

End Date Wednesday 19 August 2026 Salary Range £89,739 - £99,710 We support flexible working – click here for more information on flexible working options Flexible Working Options Hybrid Working, Job Share

Job Description Summary . Job Description JOB TITLE: Pricing Actuary SALARY: £89,739 - £99,710 LOCATION(S): Bristol & Edinburgh HOURS: Full-time WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our offices.

About this opportunity At Lloyds Banking Group, we’re motivated by a clear purpose - to Help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. In an ever-changing market we need to be able to continually innovate and evolve our products and services. Strong support and advice from our pricing actuaries is at the forefront of this: that’s where you come in! The Pricing team within Actuarial Methodology and Advice plays a key role in supporting the pricing of our insurance and investment products. This includes ensuring that our Pricing Methodology, Models, Tools and Processes are maintained to a high standard, are accurate and fit for purpose. We are a customer focused team, with a strong focus on delivering value-adding advice to our stakeholders as well as efficient and user-friendly tools. Our team works out of our Edinburgh and Bristol hubs therefore we’ll need you to be based a commutable distance from one of these areas. We work in a hybrid model, splitting our time between the office and working from home.

What you’ll be doing:

• Partnering with stakeholders to understand their needs and identify where pricing tools, models and methodologies can best support sustainable growth
• Acting as an SME to commercial pricing & platform teams and proposition projects, supporting pricing decisions and analysis across products
• Effectively and efficiently setting pricing assumptions, maintaining consistency with reporting assumptions where appropriate, applying expert judgement and insight-backed justification
• Designing and implementing innovative, robust and well-controlled solutions that improve pricing capability – this includes pricing models and trigger-based assumption reviews, developing and enhancing methodologies for existing and new pricing models, using tools such as Python, R, and Mo.Net, supporting the implementation and continuous improvement of the pricing framework, building insight across a broad range of products and propositions, using data to optimise pricing solutions, ensure pricing reflects underlying risk and support the delivery of strong business outcomes

Why join us?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. 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 keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 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. With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers. Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.

What we’re looking for:

• Inquisitive with a strong problem-solving background
• Strong technical ability in analysing customer needs, designing and implementing effective solutions
• Able to effectively use AI and automation to simplify work and deliver high quality output at pace
• A basic understanding of coding and model development, ideally with relevant experience in one or more of these software packages (Python, R, VBA, Mo.Net)
• A good understanding of actuarial concept and techniques, e.g. a qualified Actuary, with experience in annuity pricing and annuity investment management.
• Excellent written and verbal communication skills
• Effective influencing and stakeholder management skills
• A keen eye for detail

We also 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
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

For more Flexible Working Options please use the free text search, e.g. job sharing, variable hours, to identify relevant matches.