Actuarial Apprentice

Lloyds Banking Group

Bristol (BS1 5LF)

Closes on Tuesday 11 November 2025

Posted on 6 October 2025

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Summary

Love maths and critical thinking? Step this way. Make sure our insurance decision makers have all the facts and stats they need. Help us keep on the right track while protecting 28 million customers. Actuaries don’t have crystal balls. But they do have sharp brains, serious maths skills and the tech to see around corners.

Wage

£26,500 a year

Check minimum wage rates (opens in new tab)

Training course
Actuarial technician (level 4)
Hours
Monday - Friday. Shifts TBC.

35 hours a week

Start date

Tuesday 1 September 2026

Duration

5 years

Positions available

3

Work

Most of your apprenticeship is spent working. You’ll learn on the job by getting hands-on experience.

What you'll do at work

  • Pricing insurance, pensions and investments using specialist techniques to make sure we’re fair and competitive.
  • Calculating reserves and capital so we can pay out future claims when our customers need us most.
  • Using actuarial and statistical modelling techniques to understand and prepare for a wide range of risks.
  • Designing and developing actuarial models and software to predict outcomes and guide decisions.
  • Analysing past data and trends to set smart assumptions that power our models.
  • Optimising investment strategies to keep us aligned with regulatory requirements and risk appetite.
  • Explaining complex concepts to stakeholders and presenting financial results that influence strategic thinking.

Where you'll work

Bristol
BS1 5LF

Training

Apprenticeships include time away from working for specialist training. You’ll study to gain professional knowledge and skills.

Training provider

BPP PROFESSIONAL EDUCATION LIMITED

Training course

Actuarial technician (level 4)

Understanding apprenticeship levels (opens in new tab)

What you'll learn

Course contents
  • Obtain, analyse, model and interpret data to solve actuarial challenges and meet stakeholder objectives.
  • Analyse and logically apply actuarial techniques to given requirements and understand actuarial principles and calculations.
  • Plan and deliver actuarial tasks such as analysis and calculations within the required timescales.
  • Adapt to new requests or unforeseen events to maintain delivery of actuarial tasks.
  • Develop and maintain stakeholder relationships through providing a responsive service.
  • Identify internal stakeholder requirements and manage expectations as necessary.
  • Use digital applications and software to deliver data analysis, data visualisations and mathematical models to assist in actuarial tasks.
  • Use digital technologies safely and securely to protect the organisation from risks such as cyber-threats and data breaches.
  • Tailor communication techniques for different stakeholders.
  • Maintain internal documentation to ensure a clear and identifiable audit trail of decision making and analysis.
  • Obtain, analyse, model and interpret data to solve actuarial challenges and meet stakeholder objectives.
  • Analyse and logically apply actuarial techniques to given requirements and understand actuarial principles and calculations.
  • Plan and deliver actuarial tasks such as analysis and calculations within the required timescales.
  • Adapt to new requests or unforeseen events to maintain delivery of actuarial tasks.
  • Develop and maintain stakeholder relationships through providing a responsive service.
  • Identify internal stakeholder requirements and manage expectations as necessary.
  • Use digital applications and software to deliver data analysis, data visualisations and mathematical models to assist in actuarial tasks.
  • Use digital technologies safely and securely to protect the organisation from risks such as cyber-threats and data breaches.
  • Tailor communication techniques for different stakeholders.
  • Maintain internal documentation to ensure a clear and identifiable audit trail of decision making and analysis.

Training schedule

This training schedule has not been finalised. Check with this employer if you’ll need to travel to a college or training location for this apprenticeship.

Requirements

Essential qualifications

GCSE in:

  • English (grade 4-9)
  • Maths (grade 4-9)

A Level in:

  • Any subject (grade C)
  • Any subject (grade C)
  • Maths (grade B)

Share if you have other relevant qualifications and industry experience. The apprenticeship can be adjusted to reflect what you already know.

Skills

  • Communication skills
  • IT skills
  • Attention to detail
  • Organisation skills
  • Customer care skills
  • Number skills
  • Analytical skills
  • Team working

About this employer

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop. We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

http://www.lloydsbankinggrouptalent.com (opens in new tab)

Company benefits

Benefits include: a generous pension contribution of up to 15%; an annual bonus award, subject to Group performance; share schemes; benefits you can adapt to your lifestyle, such as discounted shopping; 22 days’ holiday, with bank holidays on top.

Disability Confident

Disability Confident

A fair proportion of interviews for this apprenticeship will be offered to applicants with a disability or long-term health condition. This includes non-visible disabilities and conditions.

You can choose to be considered for an interview under the Disability Confident scheme. You’ll need to meet the essential requirements to be considered for an interview.

After this apprenticeship

You’ll nail how to create, verify and review accurate, timely financial information while working with the latest and greatest tools and tech: Excel/VBA, Python, R, Prophet and Power BI.
Along the way, you’ll level up your maths, problem-solving, data storytelling and communication skills. And get the confidence to explain complex ideas simply (which is super useful for any career).

Ask a question

The contact for this apprenticeship is:

BPP PROFESSIONAL EDUCATION LIMITED

The reference code for this apprenticeship is VAC1000345246.

Apply now

Closes on Tuesday 11 November 2025

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