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FinanceData Science

Actuarial Technician Apprenticeship

Lloyds Banking Group
Location
Bristol
Salary
£27,400 per year
Duration
5 years
Hours per week
40h
Positions available
1
Level
Level 4 – Higher
Qualification
Level 4 & 5
Start date
1 September 2027
Application deadline
12 January 2027
Minimum grades
GCSE Maths and English grade 4+, A-level Maths grade B, 104 UCAS Tariff points minimum
Disability Confident
✓ Yes

About the role

Actuarial Technician Apprenticeship at Lloyds Banking Group. You will rotate through different teams, spending about 18 months in each placement. Work involves pricing insurance, pensions and investments, calculating reserves and capital, using actuarial and statistical modelling techniques, designing actuarial models and software, analysing data and trends, optimising investment strategies, and presenting financial results to stakeholders. You'll work with Excel/VBA, Python, R, Prophet and Power BI while developing maths, problem-solving, data storytelling and communication skills.

Requirements

At least 18 years old on 1st September 2027. GCSE grade 4-9 in Maths and English. Minimum 104 UCAS Tariff points including A-level Maths grade B. Valid Right to Work in UK with visa end date extending beyond the 5-year apprenticeship duration. No visa sponsorship available due to salary threshold requirements.

Working week

Office-based in Bristol with hybrid working policy requiring at least 2 days per week in office (40% for full-time colleagues). Apprentices expected to be in office most days during initial settling-in period.

Skills

Excel/VBAPythonRProphetPower BIMathematical modellingProblem-solvingData analysisCommunicationFinancial analysis

Required qualifications

Essential
GCSE · Maths · Grade 4
Essential
GCSE · English · Grade 4
Essential
A Level · Maths · Grade B

Training & development

Study for Level 4 Actuarial Technician followed by degree-level programme with the Institute and Faculty of Actuaries (IFoA). Fully funded training including study days, tutorials, materials, exams and professional subscriptions. Mentorship from local education leads and actuarial community support. Potential pathway to Fellowship status.

Company benefits

Pension contribution up to 15%, annual performance-related bonus, share schemes with free shares, flexible benefits package including discounted shopping, 22 days holiday plus bank holidays, wellbeing initiatives, generous parental leave policies. Reasonable workplace adjustments for colleagues with disabilities. Disability Confident Leader - guaranteed interviews for fair proportion of applicants with disabilities, long-term health or neurodivergent conditions.

About Lloyds Banking Group

Lloyds Banking Group is a leading UK financial services organisation committed to diversity, equity and inclusion. An early adopter of diversity in senior roles, menopause health package, and Working with Cancer Initiative. Disability Confident Leader supporting colleagues with disabilities.
Website
www.lloydsbankinggroup.com
If this one works out

This role is in Bristol. If you'd be moving for it, a room in a shared house there typically runs £650–£900 a month.

What rent could you afford on £27,400?Moving to BristolRenting at 18