Actuarial Associate

Actuarial Associate in the Capital Oversight team.

Role Overview

Play a key role in assessing and challenging capital adequacy across the Lloyd’s market. Work across syndicate‑specific and thematic reviews, support guidance on capital modelling, and engage with external stakeholders such as the PRA and rating agencies.

Responsibilities

• Review and challenge syndicate capital models and SCRs, combining technical analysis with expert judgement.
• Engage with syndicates on modelling approaches, assumptions and judgements.
• Support the development of guidance and expectations for capital modelling within Lloyd’s.
• Contribute actuarial expertise to engagement with external stakeholders.
• Lead or support deep‑dive reviews and thematic investigations into capital‑related issues such as Climate Risk and Geopolitical Risk.
• Guide and support junior colleagues, sharing expertise and fostering development.

How you’ll work

• Own your analysis, from shaping the question to delivering clear, high‑quality outputs.
• Manage your work proactively, set realistic deadlines and flag risks early.
• Communicate complex ideas simply, tailoring your message to different audiences.
• Challenge existing processes when a better way forward exists.
• Collaborate openly, building strong relationships across the team and wider business.
• Stay positive and adaptable when priorities shift or ambiguity appears.

Qualifications

• Experience in non‑life insurance actuarial work, ideally in reserving or capital modelling.
• Strong analytical skills and ability to work independently with minimal guidance.
• Experience delivering complex outputs and supervising or reviewing others’ work.
• Comfortable using Excel and other standard IT applications.
• Commercial awareness and curiosity about why the work matters.
• Integrity, openness and a desire to make a positive difference.

Benefits

• Hybrid working model: flexible office and home arrangements.
• Generous pension scheme, healthcare and wellbeing programmes.
• Financial support for training, education and professional development.
• Benefit allowance for gym membership, dental insurance, extra holiday, cycle‑to‑work scheme, etc.
• Employee recognition scheme and various discount schemes.

Equality and Diversity

Lloyd’s is an equal‑opportunity employer, committed to building a diverse, inclusive environment and providing reasonable adjustments where needed.

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