Actuarial Technician – Level 4

At Lloyds Banking Group, we are passionate about delivering high-quality apprenticeship experiences to support everyone to realise their full potential.

This is an opportunity to learn skills, gain a qualification and earn a salary, all while playing an important role in shaping finance as force for good.

Come and play a crucial role in the success and integrity of our business. As a trusted insurance provider to millions, we must make the right decisions for both our business and our customers. Our Actuarial teams make sure we do.

By helping customers protect what matters most to them, our insurance business plays a key part in our drive to Help Britain Prosper. We're one of the largest insurers in the UK, supporting around six million customers every day with their insurance, pensions, and investment needs.

Our Actuarial teams make sure colleagues and decision-makers have everything they need to understand insurance risks, making sure we always operate responsibly.

Imagine what’s next. Imagine developing knowledge and insight to help millions of our insurance customers make the right decisions for their needs. Make it real. Apply now for our Actuarial apprenticeship programme and Help Britain Prosper.

Is problem-solving your thing? Love maths and critical thinking? Training as an Actuary could be your perfect fit.

On this scheme, we’ll share the full scale of our insurance business and give you a detailed

insight into everything that being an Actuary has to offer. Think insurance is dull? Think again. The work is fascinating, challenging and full of variety.

You’ll take complex information and turn it into plain English for non-specialist colleagues. So, you’ll need to be a good communicator, and always be looking to learn, ready to work hard to make a positive difference to our business and customers.

An important part of this scheme will involve completing Actuarial exams aimed at providing you with the knowledge and skills to be successful in your role and qualify as an Actuary. But don’t worry, we’ll provide you with industry leading study support, to help you every step of the way.

Your level 4 apprenticeship will take around 27 months to complete and cover things such as:

Once complete, you will then progress to a higher level apprenticeship with a view to becoming a fully qualified Actuary.

£25,000 starting salary plus fantastic benefits.

You will join us on a fixed apprenticeship salary. Upon successful completion of the apprenticeship, you will be re-graded, with your pay range consistent with the job family for your business area.

We will want you to be working in the office most of the time as you settle into your role with a view to moving to hybrid working where you will be in your hub office for a minimum of two days per week.

What you’ll need to apply

[England, Wales, NI & Crown Dependencies] GCSE (or equivalent) at grade 4-9 in both Maths and English plus 3 A levels at grade A*-C. You will need one of these A levels to be in Maths at grade B or higher.

These grades can be predicted, but any offer made to you will be conditional upon successful achievement of these qualifications.

Additional requirements

[England, Wales, NI & Crown Dependencies] You’ll need to be at least 18 years old on 1st September 2025.

Whilst we welcome candidates who have a degree, this cannot be in a field related to the apprenticeship due to a crossover in learning. We’ll request a copy of your degree module transcript to review if your degree may contain prior learning.

The closing date to apply for this opportunity is 19th January 2025. We may close early if we receive a high number of applications, so it’s best to apply as soon as you can.

Due to Home Office requirements regarding Skilled Workers, we’re unable to accept applications for visa sponsorship for our apprenticeship roles as the proposed salary for the role does not meet the minimum threshold – if this situation applies to you, please consider looking for other vacancies which may be more suitable.