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.
The role is a senior actuarial position within the team with responsibility for management of several work areas, across Reserving. The position acts as a key point of contact for assigned stakeholders and provides expert review on technically challenging pieces of work. This role is to be a subject matter expert and key reviewer across complex lines of business and challenging market entities. The position leads or supports high‑impact actuarial oversight activities, contributes to technical standards, and plays a central role in cross‑functional stakeholder engagement.
Key Responsibilities:
Technical Oversight (Syndicate and/or Market level)
Owning more complex or technical pieces of work,
Own/responsible for being SME for one or more complex Lines of Business
Responsible for review across larger, Tier 1, or more challenging syndicates, agents, and new entrants.
In the absence of Head of Reserving and L14s, this role can provide quorum to the Actuarial Oversight Review Group (AORG), in line with the updated ToR.
Providing input into Risk Identification oversight.
Supporting delivery of the Global Central Reserving Exercise (GCRE) undertaken at Lloyd’s in order to inform the view of surplus within the market.
Review of the appropriateness of syndicate reserve estimates.
Analysis to assess syndicate-level reserve adequacy.
Providing input to appropriateness and status of reserving risk appetite.
Centrewrite analysis.
Quarterly Business Reviews (QBR).
Technical Standards & Methodology
Deliver training and mentoring for the broader team.
Support uplift of technical and project capabilities, including updates to the reserving guidance, including Actuarial Function Reports.
Support the development and maintenance of the Oversight Framework.
Contribute to the application of the Principles-based Oversight (PBO) framework.
Provide peer review to work areas as appropriate, focusing on required purpose and potential improvements to the work considered.
Stakeholder Management, Collaboration & Reporting
Maintain strong connections with other analytical, Underwriting, Lloyd’s Internal Model team, Risk Management, International Regulatory Affairs and other parts of the Corporation to ensure alignment of methodologies and assumptions, e.g. feed into appropriate WG such as UCARE.
Serve as primary Point of Contact for assigned syndicates or thematic areas.
Handle escalations for tricky or high‑profile stakeholders.
Represent the team in internal working groups.
Contribute to shaping team processes, frameworks, and best practices.
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
Team Management
Assist with recruitment into the team
Plan and deliver appropriate resourcing and training for work areas responsible for leading
May be asked to manage and support the development, performance, and day‑to‑day work of direct reports.
Knowledge & Experience:
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.
Experience in non-life insurance work, preferably with some exposure across a range of work areas and significant reserving experience.
Experience in leading project work to completion.
Qualifications:
Degree level
Qualified as a fellow of the Institute and Faculty of Actuaries (or equivalent) or studying towards this qualification
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
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