Actuarial Associate

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. 

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.  

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us. 

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.

Lloyd’s are seeking to recruit an Actuarial Associate. The role is a capital-focussed actuarial associate role within the team, carrying out syndicate-specific capital oversight reviews. There will also be opportunity to work on reserving oversight.  You will have the opportunity to assist other teams in MRC as resourcing requires, such as assisting the central capital modelling team with parameterisation or carrying out market level projections for the Lloyd’s annual reserving exercise with the central reserving team. There is also the opportunity to request secondments into these areas after some time in the role

Principal Accountabilities

The work in the MRC - Actuarial Oversight department covers a number of key areas. As an actuarial associate you would be expected to support various aspects of the work undertaken by the team, these could comprise:

Undertake qualitative and quantitative review of syndicate SCRs and their validation

Undertake ad-hoc investigations into syndicate-specific or thematic aspects which arise as part of Lloyd’s market oversight

Lead more junior members of the team on the projects and pieces of work involved in, providing guidance and technical assistance

Assist in production of returns to be provided to the market

Review and validation of data returns received by Lloyd’s

Review of Lloyd’s reserving and capital returns including LCRs, SAOs, AFRs as well as reserving and capital data returns

Taking on responsibility for managing some internal processes, escalating any issues as necessary

Skills and Knowledge

• Knowledge and skills within non-life insurance work in capital modelling and/or reserving.
• Knowledge of the actuarial techniques involved in non-life insurance
• Comfortable with delivering work  output. This will include supervising more junior team members to complete the work and communicating outcomes to an internal audience
• Knowledge of various IT tools including Excel, Word
• Undertaking good progress through actuarial exams towards IFoA Fellowship

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in.  One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments,?we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website. 

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility.? Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc).? These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.  

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems. 

Should you require any additional support with your application, or any adjustments, please click the following link;

https://cleartalents.com/apply/lloyds-msa1645695881

Please note, clicking on this link does not register your application for the vacancy