Protection Pricing Assistant Manager
End Date Salary Range
£48,672 - £54,080 We support agile working - click here for more information on agile working options. Agile Working Options
Flexible / Variable Hours Job Description Summary
Protection Pricing Assistant Manager
At Lloyds Banking Group, we have a clear purpose; to help Britain prosper and to become the best bank for our customers. What we do makes a genuine difference to families, businesses and communities and we're playing a central role in crafting a growing UK economy.
Finance is key to that success by securing and building the financial strength and performance of the Bank.
You'll be joining the Commercial Finance Director team for General Insurance and Protection, reporting into the Protection Pricing Senior Manager. At Assistant Manager level, you'll be coming on board within the growing Protection business of Scottish Widows and Lloyds Banking Group. What would you get involved with?
Your remit will involve close liaison with a wide range of business areas within Insurance, including the rest of the Commercial FD, and colleagues within Underwriting Strategy, SWP Proposition and Commercial, Client Services, IT, Customer Operations, Risk & Finance. You'll also liaise across the wider Group and externally, such as with reinsurers.
Your accountabilities will include:
•Performing Pricing of the Life and CI products for the Bancassurance channel
•Supporting broader pricing activity across the team including the pricing of Life and CI intermediary and Flex products
•Supporting product development and price optimisation work
•Producing pricing reports and financial analysis for senior management on price changes and pricing assumptions
•Performing premium reviews for reviewable products
•Development and maintenance of pricing calculators and tools
•Supporting resolution of pricing related queries
•Assuming responsibility for your deliverables within projects within the required time, cost and quality parameters
•Agreeing with customers and suppliers the deliverables to and from any production process, ensuring these meet both customer requirements and the needs of the function
•Escalating, managing and mitigate risks in a timely manner
•Pro-actively developing and maintaining working relationships to identify and satisfy mutual business requirements. What skills and experience can you bring to the role?
We're looking for you to be a talented and commercially minded Pricing Actuary or part-qualified Actuary. You'll also have
•Well-developed technical ability in analysing problems, determining solutions and specifying calculations
•Protection product knowledge and experience is preferred but not essential
•Prophet knowledge is also preferred but not essential
•Effective written and verbal communication skills
•Effective influencing skills
•Excel skills And in return?
It is a very exciting time to join LBG. Together we'll continue our market leading, ground breaking transformation and you'll help us realise the Group's vision to become the Best Bank for Customers. Here, you'll grow as a person and develop your career.
As well as a competitive salary, you'll receive:
•Discretionary Performance Share Award
•Generous pension contribution
•A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)
•Private health cover
•28 days holiday plus bank holidays
In return for your expertise, you'll enjoy our total dedication to your ongoing personal and professional development. We'll help you perform at your best today, so you can fulfil all your potential in the future.
Lloyds Banking Group is committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We're an equal opportunity employer and deeply value diversity within our organisation. Did you know we've won awards?
We've gained industry recognition including Stonewall Top 100 Employer, Top 30 Employer for Working Families, Gold Standard 2014 from the Business Disability Forum and Top 50 Employer for Women.
So if you have the skills we're seeking and you're looking for your next step, we'd love to hear from you. 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'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.