Senior Actuarial Analyst (Actuarial Rectifications Team)
Scottish Widows has been helping people plan their financial futures for over 200 years. It is one of the most trusted Financial Services brands in the UK with over 6m customers and over £80bn in assets under management.
The Actuarial Rectifications Team plays key roles in ensuring customers' policies are managed in line with the policy provisions, policyholders' expectations and FCA requirements. In joining this team you'll play a role that really matters - ensuring customers are treated fairly.
Working in a collaborative team, you'll support the actuarial input into a number of important projects. You'll analyse different remediation approaches and writing options papers, ensure treating customer fairly (TCF) issues, cost implications and practical constraints are taken into account when formulating solutions.
You'd also perform remediation calculations for policies and check calculations, build models in Excel or Access, determine approaches to non-standard cases, write calculations specifications, test IT models and handle queries relating to the use of the models. The role offers the opportunity to rotate into other Actuarial teams, giving further development and breadth of knowledge across Insurance Finance.
You'll be a nearly Qualified or Qualified Actuary. You'll also have advanced Microsoft Excel skills with the ability to manage and prioritise work commitments, good stakeholder management skills and excellent communication skills.
You may have some Life and Pensions experience with good knowledge of Insurance products, however this is not essential.
Being a part of Lloyds Banking Group offers opportunity for progression and development, so if working for one of the largest Financial Services organisations in the UK appeals, based at our attractive offices at Edinburgh, Port Hamilton and you've the skills, knowledge and drive we're seeking then click "apply" - we'd like to hear from you.
In return we'll offer you a competitive package which includes salary, bonus, generous pension contribution, a study package if required and flex cash to spend on a host of benefits to suit your lifestyle. We have a long track record in flexible working and we're always open to new ways to improve our people's work-life balance.
Our vision of being the best bank for customers is dependent on every colleague committing to and demonstrating our core value of "putting customers first". In joining us you'll have a role that matters and will contribute towards the Group achieving our vision through your day-today actions being performed in line with our Codes of Responsibility and Group Policies. By individually and collectively committing to our Group values and codes, we will be able to make a difference together and help Britain prosper.
We're also committed to employing a diverse and inclusive workforce, reflective of the customers and communities we serve - where all our colleagues can be themselves and succeed on merit.
We're proud to have received the following industry recognition: 'Stonewall Top Private Sector Employer', 'Top10 Employer for Working Families', 'The Times Top 50 Employer for Women' and both 'Gold Standard' and "Best Workplace Adjustments Process" from the Business Disability Forum - each demonstrating our commitment to the principles of agile working and inclusion for all.
So if this sounds like a culture that you'd like to be a part of then be assured that we'll welcome your application.