At a Glance
- Tasks: Assess and challenge capital adequacy in the Lloyd's market while engaging with external stakeholders.
- Company: Join a leading firm committed to diversity and inclusion in the insurance sector.
- Benefits: Enjoy hybrid working, generous pension, healthcare, and support for your professional growth.
- Other info: Collaborative environment with opportunities for personal and professional development.
- 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 - 55000 £ 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 in London employer: CO1001 Corporation of Lloyd’s
Lloyd's is an exceptional employer for Actuarial Associates, offering a dynamic work environment that fosters professional growth and collaboration. With a hybrid working model, generous benefits including a robust pension scheme and wellness programmes, and a commitment to diversity and inclusion, employees are empowered to thrive both personally and professionally. The opportunity to engage with external stakeholders and lead impactful projects in the Capital Oversight team makes this role not only rewarding but also pivotal in shaping the future of capital adequacy in the Lloyd's market.
Contact Details:
CO1001 Corporation of Lloyd’s Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Associate in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees in the actuarial field, especially those who have worked 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. Be ready to discuss capital modelling and how you would approach complex scenarios. We want to see your analytical prowess in action!
✨Tip Number 3
Showcase your adaptability! During interviews, share examples of how you've navigated shifting priorities or tackled ambiguity in past roles. This will highlight your ability to thrive in dynamic environments.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at StudySmarter.
We think you need these skills to ace Actuarial Associate in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in non-life insurance actuarial work. We want to see how your skills align with the role, so don’t hold back on showcasing your analytical prowess!
Showcase Your Communication Skills:Since you'll be communicating complex ideas, it’s crucial to demonstrate your ability to convey information clearly in your application. Use straightforward language and structure your thoughts logically to make a great impression.
Highlight Your Team Spirit:We value collaboration, so mention any experiences where you’ve worked effectively in a team or guided junior colleagues. This shows us that you can build strong relationships and contribute positively to our culture.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
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.
✨Emphasise Collaboration
Highlight your ability to work collaboratively within a team. Think of examples where you've guided junior colleagues or challenged existing processes for better outcomes. This will show that you're not just a lone wolf but a team player who values open communication.
