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Duration

4 years

Salary

£42,000

plus a great range of benefits

Location

Bristol, Edinburgh or Leeds

Hybrid working is supported

You will remain in your chosen location for the duration of the scheme

Qualifications

We’ll support you to qualify as an Actuary and become a Fellow of The Institute and Faculty of Actuaries.

Help grow our business as we help customers plan for the future

As a trusted insurance provider to millions, we have to make the right decisions. For both our business and the people we’re here to serve. Our Actuarial teams are vital in ensuring we do.

By helping both commercial and individual customers protect what’s important to them, our multi-line insurance business plays a key part in how we’re Helping Britain Prosper. It’s also one of the largest in the UK, helping around six million customers every day with their insurance, pensions and investment needs. By equipping colleagues and decision-makers with the information they need, and providing models and simulations to help stakeholders understand insurance risks, our Actuarial teams ensure we’re always operating responsibly.

Join us as an Actuarial graduate and you’ll be playing an important role in the success and integrity of our business.  

Is our Actuarial Graduate Scheme for you?

Do you have a passion for problem solving? Can you combine it with exceptional mathematical skills and critical thinking? Then training as an Actuary could be the perfect direction for you.

On this programme, you’ll experience the full breadth and scale of our insurance business and get a detailed insight into what being an Actuary has to offer. The work is interesting, varied, and challenging. So, you’ll need to be naturally curious and committed to how we can best meet the needs of our insurance customers. And, of course, be comfortable working with numbers, models, and data.

You’ll be involved in translating complex information to non-specialist colleagues. Which means the ability to communicate well is a must. Along with an eagerness to learn and make a positive difference to both our business and customers.

An important part of this programme will involve completing actuarial exams aimed at providing you the knowledge and skills to be successful in your role and qualify as an actuary. To achieve this, we will provide you with industry leading study support.

What you’ll learn on the Actuarial Graduate Scheme

Over four years, you’ll complete a series of placements across our insurance business. From coding complex models to monitoring and reporting on our business performance, making sure we’re up to date with industry regulations to monitoring the risks climate change poses, everything you do will be helping colleagues understand our business and make smart, informed decisions.

With a comprehensive system of support in place, you’ll have all the help you need to learn and achieve every step of the way. Alongside the teams and projects you’ll be involved in, you’ll also work towards becoming a qualified Actuary with The Institute and Faculty of Actuaries. Giving you the best possible start to an exciting future. 

LBG 0873

The work you could be doing

  • Developing product lines to better meet the needs of our customers

  • Setting assumptions for our economic and demographic outlook

  • Identifying, monitoring and handling risks to our business and customers

  • Working closely with other teams to identify their data needs and support their requirements

  • Communicating technical ideas in a relatable way to non-specialist colleagues

Is this for you?

What you need to apply

A 2:2 degree or above in any subject area from any university.

Locations

You’ll be based at one of our main hubs in Bristol, Edinburgh or Leeds. Tell us which location you’d like to be based at on your application. For many of our office-based colleagues, we work in a hybrid way, which involves collaborating in the office at least two days per week.

Closing date

Applications for this scheme have now closed - if you would like to receive updates, please register your interest.

Our graduate schemes may close early if we receive a high number of applications, so it’s best to apply as soon as you can.

The application process

Our application process is designed to give all candidates the opportunity to excel. You’ll find everything you need to know, including stages of the process and tips to help you succeed, on our  how to apply page.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

The application process

Ready for a graduate scheme with a difference? Find out how to apply for a Lloyds Banking Group graduate job and start a career with impact.

Find out more

Meet Varoosha

When it came to building a meaningful career, relying on a logical mindset was the smart choice for Varoosha. After her work placement with Lloyds Banking Group as a teenager, it was the natural place for her to start her career

Varoosha, Finance Graduate

Want to explore more?

Your development

We’ll make sure you have everything you need to build the future you want. You'll find support through networks, mentorship programmes and your team. You'll find life-long learning, too, through the training opportunities we offer and the professional qualification we'll help you reach.

Find out more

FAQs

Looking for help with your application? Need to know more about the interview process? Search our FAQ page to find useful information, tips and support.

Find out more

Why LBG?

We're a financial services group, with millions of customers and a presence in almost every community. Our purpose is to help Britain prosper, by meeting our customers ever-changing financial needs.

Find out more

Events

Take a look at our upcoming virtual events and employer presentations.

Find out more

Explore all of our graduate schemes

Graduates
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