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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 recruiting for Technical Lead Actuary (Reserving). You will provide senior technical leadership and market-facing oversight of syndicate reserving, delivering expert challenge, strategic insight, and high-quality actuarial standards across the Lloyd’s market.
Principal Accountabilities
Technical Syndicate Level Oversight
Provide quorum and expert input to the Actuarial Oversight Review Group (AORG) which reviews the outcomes and recommendations from syndicate investigation as well as triaging syndicates for review.
Provide senior direction, expert judgement and challenge across Syndicate Investigations and Model Loss Ratio (MLR) reviews for the Capital & Planning process (CPG).
Lead deep dives, thematic reviews, and walkthroughs on key reserving topics
Provide technical review of selected assumptions and methods for our market level reserving exercise
Hold responsibility for risk identification and challenge process for oversight decisions, ensuring emerging risks are surfaced early.
Maintain oversight and provide expert judgement on Stress and Scenario Testing (SST)
Take ownership of ad-hoc reserving oversight, e.g. on major catastrophe reserving or systemic reserving issues
Hold expert knowledge across all key lines of business from a market perspective
Syndicate Engagement
Provide a authoritative insight into Lloyd’s syndicates, their outlooks, and current/emerging issues under investigation.
Lead direct conversations with syndicates on technical reserving matters, methodologies, and assumptions.
Act as a Point of Contact (POC) for selected syndicates as required and lead Point of Contact (PoC) discussions, oversight meetings/workshops/’deep-dive’ review meetings with syndicates and other stakeholders
Act as the recognised technical authority in the market-facing forums, ensuring clarity and consistency of Lloyd’s expectations. Attend selected London Market Actuaries (LMA) working groups to represent technical viewpoints.
Technical Standards & Methodology
Set and champion updates to reserving guidance, including Actuarial Function Reports Own the technical relationship with the signing actuaries, including responsibility for statement of actuarial opinion margin comparison processes.
Provide technical reserving training for stakeholders across the business
Maintain strong connections with other analytical, underwriting, and risk teams to ensure alignment of methodologies and assumptions, e.g. feed into appropriate WG such as Underwriting, Capital, Actuarial, Reinsurance & Exposure Management Working Group (UCARE).
Strategic Leadership
Shape and influence the future direction of the strategy around emerging technical risks, methods, data quality, diagnostics, and best practice.
Define and develop the overarching technical roadmap for bottom up reserving and syndicate-focused work.
Identify and escalate emerging risks, industry changes, and areas requiring future attention.
Ensure technical alignment across functions and support the Head of Reserving and senior leadership in strategic decision-making.
Contribute to the development of the long term strategy for syndicate analytics and reserving excellence.
Skills Knowledge and Experience
Experience of stakeholder management at senior levels
Experience working in the Lloyd’s Market
Deep Understanding of Lloyd’s syndicates, market behaviours, and major classes of business.
Capability across reserving techniques, diagnostics, and assumption setting.
Proven ability to conduct and interpret technical reviews, thematic analyses, and actuarial deep dives.
Track record of engaging with senior stakeholders, syndicates, or external market bodies.
Influential and collaborative, with no need for formal line management authority.
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.
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
