Actuarial Associate

at  Lloyds of London

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 recruiting for an Actuarial Associate on a 12 Month FTC (Fixed Term Contract). The role is a general actuarial associate role within the team and is expected to involve work across the main focus of the team – reserving (in particular) and capital modelling.
The role will cover syndicate-specific reviews and also the central work undertaken to give Lloyd’s view of market reserves and capital, both at a global level and for specific international license territories.
The Corporation of Lloyd’s oversees and provides services to support the Lloyd’s market and promotes Lloyd’s around the world. Market Reserving & Capital (MRC) is the actuarial department in the Corporation and is responsible for market oversight as regards monitoring the adequacy of reserves and capital at syndicate level, and for the calculation of capital requirements for members and the Central Fund. This role involves a full range of actuarial work undertaken by MRC, and maintaining data to support it
Principal Accountabilities
The work in the department covers a number of key areas. As an actuarial associate you would be expected to support various aspects of the work undertaken by the team, these could comprise.
Review and validation of data returns received by Lloyd’s
Undertake and review as part of the Lloyd’s annual projection exercise by carrying out market level
projections for a number of classes of business
Review of other Lloyd’s returns including SAOs, AFRs as well as reserving and capital data returns
Assist in production of returns and guidance to be provided to the market
Undertake qualitative and quantitative review of syndicate SCRs and their validation
Undertake Parameterisation and running of the Lloyd’s internal capital model
Processing/analysing data and outputs of the Lloyd’s internal capital model
Interpreting results and producing MI from the Lloyd’s internal capital model, including supporting
uses of the model
Undertake actuarial work for the application and maintenance of Lloyd’s international licenses
Undertake ad-hoc investigations into syndicate-specific or thematic aspects which arise as part of
Experience in non-life insurance work, preferably across a range of work areas (in particular reserving)
Experience in delivering complex work output, including supervising work, and communicating this to an audience.
Skills, Knowledge and Experience
Knowledge of the actuarial techniques involved in non-life insurance
Knowledge of various IT tools including Excel, Access, Word.
A good track record of passing actuarial exams, with at least the first set of exams completed (CTs).
Significant study support is provided to enable good exam progress.
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 vacanc

Please refer the Job description for details