Protection Reinsurance & Pricing Manager

JOB TITLE: Protection Reinsurance & Pricing Manager.

SALARY: £89,739 to £109,600pa plus an extensive benefits package. 

LOCATION:  Edinburgh, Bristol, Leeds.

HOURS: 35 hours, full time. 

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of your time, at one of the above hubs. 

We’re on an exciting journey to transform our Group and the way we shape finance for good. We’re focusing on the future—investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone, including you!  

As Reinsurance & Pricing Manager, you’ll drive the Group’s reinsurance strategy for life and protection products, ensuring optimal risk transfer and driving commercial value. This is more than an actuarial role – you’ll influence proposition design, collaborate with pricing and product teams, and shape innovative solutions that meet customer needs while managing risk effectively.

Key responsibilities

• Shape and deliver the reinsurance strategy for life and protection propositions.

• Partner with product and pricing teams to embed reinsurance considerations into proposition design and development.

• Identify opportunities to innovate through reinsurance structures that enhance customer value and business performance.

• Act as the key liaison with reinsurers, building strong partnerships to secure competitive terms and foster collaboration.

• Drive negotiations on treaty renewals, pricing, and terms to ensure sustainable arrangements.

• Apply actuarial insight to assess risk, pricing, and financial impact of reinsurance structures.

• Analyse performance of reinsurance arrangements and provide actionable recommendations to senior customers.

• Ensure all reinsurance arrangements align with regulatory requirements and internal risk frameworks.

• Maintain robust documentation and reporting for governance and audit purposes.

About you

Essential:

• Proven experience in reinsurance relationship (or similar) management within life insurance or protection markets.

• Strong actuarial background with expertise in risk modelling and financial analysis.

• Ability to influence proposition design and collaborate across pricing, product, and commercial teams.

Desirable:

• Knowledge of protection pricing and product development.

• Familiarity with UK regulatory environment and Solvency II requirements.

• Strong analytical and problem-solving skills with attention to detail.

• Qualified actuary (FIA or equivalent) preferred.

Why join us?

You’ll play a pivotal role in shaping the future of protection propositions at Lloyds Banking Group. We’ll support your development with flexible working, a collaborative culture, and a commitment to diversity and inclusion. Together, we’ll create solutions that help millions of customers feel financially secure.

About working for us  

Our focus is to ensure we are inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity, or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it is why we especially welcome applications from under-represented groups. We are disability confident. So, if you would like reasonable adjustments to be made to our recruitment processes, just let us know. 

So, if you are excited by the thought of becoming part of our team, get in touch.  

We would love to hear from you!