Senior Actuary, Syndicate Reserving

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 and make the market thrive.

Lloyd’s are seeking to recruit a Senior Actuary, Syndicate Reserving on a 7 Months FTC (Fixed Term Contract) this role is  senior actuarial position within the team with responsibility for management of a number of work areas, across syndicate reserving.

Principal Accountabilities:

As a Manager you would be expected to be a technical expert and manage or support various aspects of the work undertaken by the Syndicate Reserving team.

Syndicate reserving

Lead the continuous review of the appropriateness of syndicate reserve estimates

Lead analysis to assess syndicate-level reserve adequacy  

Plan and deliver appropriate resourcing and training for this work area

Report on outcomes of this work to management within the team and external to the team as appropriate

Use an appropriate range of reporting metrics, based on Lloyd’s Global Central Reserving Exercise and various syndicate returns to Lloyd’s, to identify and carry out follow-up with syndicates

Ensure all reporting is in line with professional requirements and standards

Syndicate Actuarial Function Reporting

Provide appropriate guidance to the market in this work area

Plan and deliver appropriate resourcing and training for this work area

Report on outcomes of this work to management within the team and external to the team as appropriate

Ensure all reporting is in line with professional requirements and standards

Statement of Actuarial Opinion Reporting

Provide appropriate guidance to the market in this work area

Plan and deliver appropriate resourcing and training for this work area

Report on outcomes of this work to management within the team and external to the team as appropriate

Ensure all reporting is in line with professional requirements and standards

Reserving risk appetite

Based on syndicate reserving provide input to appropriateness and status of reserving risk appetite

Work with internal stakeholders as appropriate, including the syndicate capital team, the Lloyd’s Internal Model team, Risk Management, International Regulatory Affairs and other parts of the Corporation

Lloyd’s Principles of Doing Business

Provide updates and advice to the market on the Reserving Principle for the Lloyd’s Principles of Doing Business compliance

Lead assessments of compliance of the Reserving Principle as appropriate

Liaise with other teams on any emerging issues which may be of cross functional interests

Peer Review

Provide peer review to work areas as appropriate, focussing on required purpose and potential improvements to the work considered-Strategic Initiatives

Lead the implementation of any strategic initiative aspects relevant to managed work areas

Team Management

• Assist with recruitment into the team
• Plan and deliver appropriate resourcing and training for work areas responsible for leading
• Lead junior members of the team on the projects and pieces of work involved in
• Be seen as a role-model in the team: both as a source of technical expertise and as a behaviour model
• Management of actuarial analysts
• Contribution to collaboration and knowledge-sharing across the team

Skills and Knowledge

• Knowledge and Skills in non-life insurance work, preferably with some exposure across a range of work areas and significant reserving experience
• Examples of leading project work to completion and presentations to various stakeholders (actuarial and non-actuarial)
• Advanced knowledge of the actuarial techniques involved in non-life insurance
• Knowledge of various IT tools including Excel, Access, Word
• Knowledge of reserving tools including ResQ or similar

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