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 a Lead Actuary (Reserving). You will act as a senior deputy for the Head of Reserving, providing strategic leadership and coordination of market-wide reserving oversight. The role ensures high‑quality actuarial insight, operational excellence, and clear communication of market performance while managing key stakeholder relationships, shaping the wider actuarial oversight agenda in alignment with Lloyd’s strategic objectives, and supporting the strategic and people leadership agenda of the Reserving function.
Principal Accountabilities
Market Oversight
Works with Technical Specialist Actuary to identify and understand which syndicates are driving performance or deviations in each class.
Own the overall Global Central Reserving Exercise (GCRE) results, including high-level review of LOB outcomes and communication to the market.
Leads analysis, reporting, and governance.
Provide actuarial inputs into and sets expectations for Market Communications, Reserving Forum, London Market Actuaries group (LMAG)/General Insurance Research Organisation (GIRO) engagement, Non-Executive Directors (NED) and Prudential Regulatory Authority (PRA) materials, Committee Packs.
Own the Quarterly Business Review (QBR) process for the reserving team.
Actuarial Function
Own the Quarterly Business Review (QBR) process for the reserving team.
Reserve Risk
Own the Quarterly Business Review (QBR) process for the reserving team.
Operational Excellence & Project Management
Oversee project management across the reserving cycle, ensuring smooth operations, clear timelines, and proactive issue resolution (working with the MRC operations team).
Lead on strategically critical programmes where senior involvement is required. Responsible for delivery of Market Oversight Group (MOG)/Oversight Review Group (ORG) materials
Support the development and maintenance of the Oversight Framework, working closely with Risk and the Head of Reserving.
Contribute to the design and application of the Principles-based Oversight (PBO) framework
Provision of input for materials to discuss with rating agencies, ensuring timely and accurate delivery of actuarial materials.
Stakeholder Management & Collaboration
Build strong working relationships with Underwriting, Syndicate Performance, Risk, Exposure Management, and other key internal teams.
Act as the senior representative for the Reserving function in cross-department meetings, committees, and market engagements.
Provide clear, high-quality communication of actuarial insights to both technical and non-technical audiences
Leadership & People Management
Line manage a group of L13 and L12 team members
Lead stand-ups and support the organisation of team meetings and wider team communications.
Drive capability development across the function, shaping talent pipelines & coaching.
Shadow senior leadership and support the Head of Reserving with wider departmental leadership responsibilities.
Act as Head of Reserving proxy during periods of absence/annual leave.
Conduct objectives setting, mid-year and year-end performance reviews.
Foster team well-being, inclusion, and -high-performance culture.
Governance & Risk
Support risk appetite assessments and reporting for the area, ensuring frameworks are adhered to and well understood.
Ensure compliance with internal governance standards and external regulatory expectations.
Provide challenge and input into key controls, documentation, and audit processes
Skills Knowledge and Experience
Experience working in the Lloyd’s Market
Track record of engaging with senior stakeholders, syndicates, or external market bodies.
Influential and collaborative, with no need for formal line management authority.
Strong understanding of Lloyd’s syndicates, market behaviours, and major classes of business.
Proactive, strategic thinker with an eye toward emerging risks and future developments.
Comfortable navigating ambiguity and driving clarity in complex technical subjects.
Qualified actuary with extensive post-qualification experience in reserving or related actuarial fields.
Presentation Skills
Analysis Skills
Coaching and mentoring skills
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 vacancyTop Skills
Lloyd's London, England Office
One Lime Street, London, United Kingdom, EC3M 7HA
