Full-Time
General Insurance Chief Actuary
Posted on 6/13/2026
Lloyds Bank
5,001-10,000 employees
Retail and commercial banking services
Compensation Overview
£156.7k - £184.3k/yr
Edinburgh, UK + 2 more
More locations: Leeds, UK | Bristol, UK
Hybrid
Hybrid role: requires in-office presence at Leeds (Wellington Place), Edinburgh, or Bristol (Harbourside) at least two days per week.
 Finance & Banking |
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- Qualified actuary with extensive experience of General Insurance pricing, capital (quantification, reporting, management and monitoring), reserving (including claims processes and reserve monitoring/setting), Liquidity management and Asset-Liability Management
- Business Planning experience, especially stress and sensitivity
- Entity / Reinsurance structure knowledge
- Sound knowledge of market consistent techniques, policies/risk appetite, Solvency II Internal Model and its calibrations, Solvency II legislative requirements, the wider regulatory context and practical implications
- Track record of explaining sophisticated technical matters to broader senior audiences
- Ability to have difficult conversations at any level in the Organisation, provide constructive challenges and effective oversight of significant/sophisticated businesses
- Delivering sophisticated projects across different functions; taking practical decisions to deliver what’s required on time and within budget
- Leading others through change
- Responsible for delivering elements related to reserves, capital, and liquidity, including maintaining and improving processes and models. Also provides pricing and underwriting support.
- Proactively consider forward-looking capital and optimisation projects for the General Insurance business and its engagement with the wider business of the Group.
- Lead processes to deliver regular and ad hoc insightful information to influence business decisions.
- Contributes to the strategic direction of the General Insurance business, applying insight to support participation, product, rate setting, and risk assessment options.
- Lead actuarial projects or provide actuarial advice to corporate projects with an impact across the divisions.
- Maintain a high performing team to ensure colleagues are led, mentored and developed.
- Ensure self and team maintain positive interaction with key business and finance collaborators with a view to continuous improvement in working relationships and working practices.
- Interpret and translate policy into processes for functional areas and business divisions
- Proactively build and maintain an external and internal network for the purpose of commercial understanding and/or the protection of customers
- Incorporate new regulatory standards while advising and providing updates to the board. Lead all aspects of General Insurance and other governance bodies on technical, strategic, and regulatory issues. This includes the reserved roles under UK Solvency II.
- Develop a positive relationship with the PRA, contributing to and leading discussions on actuarial and risk items, Solvency II and internal model maintenance and development.
- Promote positive engagement with Risk and Internal Audit. Sustain a positive tone at the top. Ensure appropriate risk focus in decision-making. Maintain a strong control, governance, and compliance structure.
- Review and make recommendations relating to the Organisation build to ensure it is fit for purpose.
- Support the wider education of the business in all matters GI
Lloyds Bank is a major UK financial institution that provides a wide range of banking and financial services for personal and commercial customers. It serves individuals with current and savings accounts, mortgages, loans, credit cards, and investment products, and helps businesses with business loans, commercial mortgages, and other financial solutions. The bank earns most of its money from net interest income, the gap between interest on loans and deposits, and also collects fees for services such as overdrafts, international payments, and wealth management. Compared with competitors, it combines a large, established retail and commercial banking footprint in the UK with diversified income streams and a broad product set that supports both individuals and businesses. Its goal is to reliably deliver everyday banking, lending, and financial services to UK customers while maintaining profitability and supporting the needs of UK households and businesses.
Company Size
5,001-10,000
Company Stage
N/A
Total Funding
N/A
Headquarters
London, United Kingdom
Founded
1765
Your Connections
People at Lloyds Bank who can refer or advise you
Simplify's Take
What believers are saying
- Digital fraud prevention can reduce shopping-scam losses and protect customer trust.
- Lloyds Accept can deepen small-business relationships and increase payments-related fee income.
- Renewable-energy and housing finance provide lending growth with visible UK policy tailwinds.
What critics are saying
- Branch closures alienate older, cash-dependent customers and accelerate relationship churn.
- Fraud remains concentrated in shopping scams, increasing reimbursement costs and reputational damage.
- Heavy dependence on app-based banking makes outages, breaches, and vendor failures immediately material.
What makes Lloyds Bank unique
- Lloyds pairs branch banking with digital tools like Lloyds Accept and Scam Check.
- Its UK scale supports retail, commercial, and project-finance lending across sectors.
- Partnerships with Stripe and Rabobank extend capabilities without building everything internally.
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Benefits
401(k) Retirement Plan
Performance Bonus
Employee Stock Purchase Plan
Paid Vacation
Wellness Program
Parental Leave
Flexible Work Hours
Company News
Lloyds has agreed a new £40 million revolving credit facility (RCF) with Westward Housing Group, doubling its existing £20 million in RCF support for the
Lloyds Bank to shut Accrington branch later this year. Lloyds Bank in Peel Street is set to close (Image: Google) An Accrington Lloyds bank branch is among 79 banks that are set to close across the country. The bank, in Peel Street, is on a long list of either Lloyds or Halifax closures that are expected by the end of the year. Elsewhere in the region, the Blackpool branch in Corporation Street will also be cut as the group has been reducing its number of branches across the UK due to a move to online banking. A closure date has been set for November 3. The decision is another hit to banking in Accrington, with the town losing its NatWest in June 2025. A Lloyds Banking Group spokesperson said: "Customers want the freedom to bank in the way that works for them and we offer more choice and ways to manage money than ever before. "From our leading apps and 24/7 messaging service to local banking options like our Community Bankers, PayPoint and access to all of our Lloyds, Halifax and Bank of Scotland branches, we're giving our customers the flexibility to bank wherever and whenever they need us." A report into the closure on the Lloyds website said that the branch had 641 regular branch users each month. A quarter of these had used other Lloyds branches, 74 per cent had banked online or called the company, and 34 per cent had used the Post Office. The company pointed to the banking hub in Great Harwood as a resource available to customers. In addition, they have said cash access is available at the Halifax, in Union Street, and customers can use the Post Office, in Abbey Street, to do everyday banking.
Two Lloyds bank branches in West Byfleet and Staines are closing, leaving West Byfleet without any bank branches. Residents say this will make in-person banking harder, especially for older people and small businesses. Some are calling for a shared "banking hub" to be created as a replacement. Lloyds says most customers now bank online and can still use Post Offices and other branches for basic services.
Former Lloyd's TSB bank in Flint set to become an apartment. The former Lloyd's TSB bank in Flint. (Image: Google Streetview) Find, save and share Public Notices that affect you in the Wrexham area. A FORMER Flintshire town centre bank will soon become an apartment, after plans were approved. A planning application for that change was first submitted to Flintshire County Council in November of last year. Submitted by Paterson Macaulay & Owens Ltd, the plans sought a proposed change of use and alterations of the former Lloyd's TSB Bank on Trelawny Square in Flint into one residential flat on the ground floor. The plan adds: "The proposals seek to retain the majority of the principal frontage. However, in order to provide appropriate levels of amenity, privacy, and security for future occupants, the design includes setting back the entrance door and raising the sill height of the full-height glazed shopfront. "These alterations will be executed sensitively, with the new sill constructed using matching glazed brick to ensure continuity with the original architectural language. "As part of the overall refurbishment, the existing flat roofs will be upgraded with new insulation to meet current building regulations. New aluminium fascias and soffits will be installed to match those already in place, maintaining material coherence across the building. "In conclusion, the scheme proposes that the bank is converted carefully and sympathetically, ensuring a sustainable future for the structure and therefore the sites viability for years to come, whilst answering a community need for housing." The Lloyd's TSB bank in Flint permanently closed its doors on May 29 of last year. Since then, customers have been using a banking hub in the town centre. The plans to alter the use of the site were officially approved by Flintshire Council on May 21.
Treasure trove in former high street bank. A 1930s Lloyds bank in Notting Hill Gate has been converted into an all-day Lebanese brasserie with a dramatic triple-height dining room. Opening on 1st June, it is called Kinz - appropriately, 'treasure' in Arabic. The team behind the project includes Rasha Khouri Bruzzo (co-owner of the highly regarded Palestinian restaurant Akub, around the corner in cute Hillgate Village) and brothers Jad and Karim Lahoud. Kinz incorporates a deli for house-made spice mixes, olive oil and pastrieso, and the former bank vault is transformed into a dedicated wine room with snug dining nooks and tasting tables. Above a canopied cocktail bar, there's an arched mezzanine where diners can look down over the room, and there is an intimate private dining area on the upper level. Rasha says: "We're incredibly excited to bring KINZ to life in Notting Hill Gate. The project is rooted in the food and traditions I grew up with - the small details, rituals and flavours that are passed down at home rather than written down. KINZ takes its name from the Arabic word for 'treasure' and is our tribute to those treasures: cherished recipes, generous cooking and the spirit of Lebanese food as it's meant to be shared today. It's a place designed to feel as natural for everyday visits as it does for long, lingering meals." Jad Lahoud adds: "Growing up in London, Karim and I were surrounded by a strong Lebanese community and the food that defines it. With parents who were both chefs, those flavours shaped how we eat and cook today. KINZ is our way of bringing the spirit of Lebanon to London, not just through the food, but through the atmosphere, the design and every considered detail." The Lebanon-heavy wine list has been put together by regional wine expert Nicolas Angelina, sourced primarily from independent wineries and priced from £8 per glass and £30 per bottle.