At a Glance
- Tasks: Support the actuarial team with data analysis and reserving processes.
- Company: Atrium, a leading (re)insurance group at Lloyd's with a rich history.
- Benefits: Flexible working arrangements, career development, and a supportive team environment.
- Other info: Diversity and inclusion are at our core; we celebrate every individual's contributions.
- Why this job: Kickstart your actuarial career in a top-performing syndicate with real impact.
- Qualifications: Degree in Mathematics or relevant subject; no prior experience required.
The predicted salary is between 30000 - 40000 £ per year.
Atrium is a leading (re)insurance group at Lloyd's, the world's specialist insurance market. We manage Syndicate 609, one of the oldest syndicates at Lloyd’s, and Syndicate 2026 which launched at 1/1. Atrium is ranked as one of the top-performing Lloyd’s Syndicates of the past decade, measured by high profitability and low volatility, achieving substantial growth whilst generating value for the Group.
Atrium offers all permanent employees the chance to work flexibly through our charter for flexible working - we actively invite applications from candidates requiring any form of flexible working arrangements.
Role
This is a great entry-level opportunity for someone looking to get into their first Actuarial role.
Reserving
- Support the quarterly reserving process under supervision including:
- Data preparation and validation
- Performing first cuts of the reserving analysis
- Basic analysis of movements and results
- Assisting with quarterly reserving documentation and presentation of results
- Work with senior team members to address queries from the underwriting, claims and finance teams.
- Assist with deep dives to review reserving assumptions and projections for certain classes within property, casualty and specialty divisions.
- Support the team in the setup of analytics and trend analysis to aid reserving reviews and provide useful management information.
- Learn how to apply the standard reserving techniques and methodologies used by the team.
Reserve Uncertainty
- Assist in the assessment of reserve uncertainty for all lines of business. This includes aiding the team in modelling and parameterisation of reserve risk within the Syndicate capital model.
Technical Provisions
- Assist in the calculation of the technical provisions, working alongside senior actuaries in the team.
Business Planning
- Play full part in actuarial team’s responsibility for reviewing business plans, helping to analyse the data to contribute to advising underwriting teams of anticipated levels of future profitability.
General
- Support analysis of claims data including large losses.
- Liaise with Finance to ensure timely delivery and accurate completion of reporting to Lloyd’s and regulators.
- Provide support to senior members of the Actuarial Function for regular work and any ad hoc basis for particular projects where needed.
Compliance
- Operate in line with actuarial standards and market practice where relevant.
- Compliance with Sarbanes-Oxley Control Framework including ensuring evidence of controls is maintained.
- Assist with responses to SAO provider and external audit concerning reserving process and outputs.
Skills required
- Degree in Mathematics or any other relevant subject is required.
- Highly numerate with financial awareness. Multi-disciplined, professional approach.
- Good interpersonal and communication skills.
- Committed to working towards achieving the Fellowship of the Institute of Actuaries (FIA) Qualification through ongoing exam progression.
- Good judgement skills regarding task prioritisation, delegation and resource allocation.
- Good IT skills and in particular, good knowledge of Microsoft Excel and competent user of ResQ or similar reserving software.
- No prior actuarial or insurance experience required, though relevant internships or placements are desirable.
At Atrium, we embrace diversity and inclusion and value the different perspectives and contributions of every individual. We believe that diversity fuels our business and benefits our employees, partners, and the community. We are committed to developing a diverse talent pool at every level. Our people are at the heart of our business, which is why we value the diversity of thought and talent of our colleagues, and we are committed to supporting and celebrating difference.
Atrium is an equal opportunity employer and considers applicants for all positions without discrimination or regard to characteristics. We welcome applications from all individuals, regardless of race, ethnicity, nationality, religion, gender, gender identity, sexual orientation, age, disability, marital status, or any other protected characteristic. We are committed to fostering a culture of respect in which everyone feels they belong and has the same opportunities to progress in their careers.
Actuarial Analyst in London employer: Atrium
Atrium is an exceptional employer, offering a dynamic work environment within the prestigious Lloyd's insurance market. With a strong commitment to employee development and flexible working arrangements, Atrium fosters a culture of inclusivity and respect, ensuring that every team member has the opportunity to thrive and contribute meaningfully. As a top-performing syndicate, employees benefit from exposure to high-level actuarial practices and the chance to grow alongside industry leaders in a supportive setting.
