At a Glance
- Tasks: Assess and challenge capital adequacy in the Lloyd’s market while engaging with external stakeholders.
- Company: Join Lloyd’s, a leader in the insurance industry with a commitment to diversity.
- Benefits: Enjoy hybrid working, generous pension, healthcare, and support for your professional growth.
- Other info: Be part of a supportive team that values integrity and positive change.
- Why this job: Make a real impact on capital modelling and tackle important issues like Climate Risk.
- Qualifications: Experience in non-life insurance actuarial work and strong analytical skills required.
The predicted salary is between 40000 - 50000 £ per year.
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.
Actuarial Associate employer: CO1001 Corporation of Lloyd’s
Lloyd's is an exceptional employer for Actuarial Associates, offering a dynamic work environment where you can play a pivotal role in assessing capital adequacy within the Lloyd’s market. With a strong commitment to employee growth through financial support for training and a generous benefits package, including a hybrid working model and wellness programmes, Lloyd's fosters a culture of collaboration and inclusivity, making it an ideal place for professionals seeking meaningful and rewarding careers.
Contact Details:
CO1001 Corporation of Lloyd’s Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Associate
✨Tip Number 1
Network like a pro! Reach out to current or former employees in the actuarial field, especially those at Lloyd’s. A friendly chat can give you insider info and maybe even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding capital modelling. We recommend practising common actuarial scenarios and questions to show you’re ready to tackle the role head-on.
✨Tip Number 3
Showcase your analytical skills during interviews. Bring examples of how you've challenged existing processes or improved models in past roles. This will highlight your proactive approach and problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Lloyd’s.
We think you need these skills to ace Actuarial Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the Actuarial Associate role. Highlight your experience in non-life insurance and capital modelling, and don’t forget to showcase those strong analytical skills we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background aligns with our needs. Keep it concise but impactful – we want to see your personality come through!
Showcase Your Communication Skills:In your application, demonstrate how you can communicate complex ideas simply. Whether it’s through examples in your CV or your cover letter, we want to see that you can tailor your message to different audiences.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining the StudySmarter team!
How to prepare for a job interview at CO1001 Corporation of Lloyd’s
✨Know Your Numbers
Brush up on your technical knowledge related to capital modelling and SCRs. Be prepared to discuss specific examples from your experience in non-life insurance actuarial work, especially any challenges you've faced and how you overcame them.
✨Engage with Stakeholders
Since the role involves engaging with external stakeholders like the PRA and rating agencies, think about how you can demonstrate your communication skills. Prepare to share instances where you've successfully communicated complex ideas to different audiences.
✨Show Your Analytical Skills
Be ready to showcase your analytical prowess. Consider bringing a case study or example of a deep-dive review you've conducted, particularly if it relates to capital-related issues like Climate Risk or Geopolitical Risk. This will highlight your ability to manage complex outputs.
✨Demonstrate Team Spirit
Collaboration is key in this role, so think about how you can illustrate your ability to build strong relationships within a team. Share experiences where you've guided or supported junior colleagues, showing your commitment to fostering development and teamwork.
