Senior Actuary, Capital Oversight at Lloyd's of London

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

20 Jun, 26

Salary

0.0

Posted On

22 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Expertise, Capital Modelling, Syndicate Capital Reviews, Risk Assessment, Regulatory Frameworks, Stakeholder Management, Communication, Coaching, Project Management, Technical Expertise, Non-Life Insurance, Model Validation, Governance Review, Internal Model Applications, Analytical Approach, Excel

Industry

Insurance

Description

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 a Senior Actuary, Capital Oversight this role is a Senior Actuarial Position, demonstrating technical expertise and management of work areas within the Capital Oversight team. Principal Accountabilities Syndicate Capital Reviews Independently conduct reviews of syndicate-level capital, including: Assessing capital requirements across key risk areas such as premium, reserve, market, credit, and operational risks, as well as diversification and dependency assumptions. Evaluating key metrics (e.g., movement metrics and benchmarks) and critically reviewing syndicates’ justifications, which may involve analysis of validation results. Reviewing syndicates against the Capital Principle of the Principles of Doing Business at Lloyd’s. Reviews will include annual reviews of syndicate capital, major model change reviews, deep dive reviews, governance reviews and reviews of internal model applications (IMAPs). In addition, they will include capital reviews of new entrants to the Lloyd's market, for example for syndicates setting capital using the Lloyd's Standard Model. There may also be the opportunity to contribute to thematic reviews. Communications Interact with external stakeholders, including being a designated point of contact for managing agents, which includes interaction with managing agent actuarial teams matters arising as part of capital oversight. Present findings and recommendations to the Actuarial Oversight Review Group (AORG), articulating conclusions on capital model assessments and syndicate capital adequacy, and effectively responding to challenges. Liaise with internal teams as required as part of capital review or other oversight activity, including Syndicate Performance, Exposure Management and Outwards Reinsurance to ensure consistent and co-ordinated approaches. Contribute to communications and/or briefings with the market and the regulator. Leadership expectations Lead the work of and coach more junior members of the team. providing guidance and technical assistance. Potential line management responsibilities for junior team members in the syndicate capital team. Assume project leads responsibilities, managing these projects to successful delivery Provide internal training to the capital oversight team, or other Lloyd's teams. Support the Head of Capital Oversight with respect of the strategic direction of the team Skills/Knowledge/Experience Significant experience in non-life insurance and capital modelling. Knowledge of actuarial techniques and regulatory frameworks relevant to capital oversight. Experience in delivering complex work output, including supervising work, and communicating this to an audience. Ability to design and implements analytical approaches to address specific questions and suggests solutions to any practical barriers to the completion of analysis, drawing on experience from related work areas. Ability to lead and coach more junior members of the team. Project management skills with experience in delivering complex initiatives. Excellent communication and stakeholder management skills, able to influence and collaborate effectively. Familiarity with IT tools (Excel, SharePoint). 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 vacancy Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in and in which everyone is treated with dignity and respect. We will invest in attracting the best talent to Lloyd’s, making sure recruitment is targeted at bringing in the skills we need to evolve. We will develop a talent pipeline that provides us with the key capabilities we will need for the future. To also create a culture in which every employee fulfils their full potential, ensuring that leaders role-model the behaviours we expect in ourselves and others.

Responsibilities

This senior actuarial role involves independently conducting detailed reviews of syndicate-level capital requirements across various risk areas and presenting findings and recommendations to the Actuarial Oversight Review Group (AORG). Responsibilities also include interacting with external stakeholders, such as managing agents, and liaising with internal teams for coordinated oversight activity.