Senior Manager in Enhanced Annuities at Lloyds Banking Group focusing on strategy and market understanding in longevity actuarial practice. Leading cross-departmental collaboration to optimize Annuity offerings.
Responsibilities
Delivers influential insight, advice and exercises control through operating as a senior level functional specialist, with expertise as a longevity actuary in the enhanced annuity/older life market.
Create and deliver a strategy to help us grow in Enhanced Annuities.
Develop and improve our understanding of the market within the Group and develop longevity assumptions and methodologies that allow us to benchmark our current proposition.
Help form a cross-department community to help deliver an enhanced annuity strategy and commercial focus (across diverse areas such as Product Management, Finance, Annuity Pricing, and Demographic assumptions).
Use your knowledge and experience of the enhanced annuity and longevity reinsurance market to share and implement best practice in the pursuit of marginal gains.
Cooperate closely with delivery (Platform) colleagues to ensure that any process and system changes required to support enhanced annuities are suitably planned and prioritised.
Be at the forefront of market developments, improving on latest trends and turning them into opportunities for growth.
Work with our reinsurance/underwriting partner to identify win-win opportunities through collaboration and ensure that our relationship is managed effectively.
Requirements
Longevity experience in the Enhanced Annuity market, either from a provider or reinsurer, with experience of setting and monitoring assumptions.
Direct experience of longevity reinsurance and how it can best be applied to optimise our annuity proposition.
Familiarity with Product Management disciplines, such as the product design process, product governance.
Familiarity with P&L management of complex products, a keen commercial focus, and ability to make analytical trade-offs.
Qualified actuary (e.g. FIA/FFA).
Experience in demographic research, especially relating to longevity, mortality, or population health trends would be highly beneficial.
Benefits
We support flexible working – click here for more information on flexible working options
Flexible Working Options Hybrid Working, Job Share
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