At a Glance
- Tasks: Lead reserving and capital modelling, collaborating with key stakeholders for insights and compliance.
- Company: Join a leading firm in the Lloyd’s market, known for its innovative approach and strong reputation.
- Benefits: Enjoy hybrid working, flexible hours, competitive salary, bonuses, and a comprehensive benefits package.
- Why this job: This role offers high visibility, strategic impact, and opportunities for career development in a dynamic environment.
- Qualifications: Qualified Actuary (FIA or equivalent) with experience in reserving and capital modelling, preferably in the Lloyd’s market.
- Other info: Engage with senior management regularly and enhance your technical and commercial skills.
The predicted salary is between 43200 - 72000 £ per year.
We’re seeking a qualified actuary with strong experience in both reserving and capital modelling. This role provides exposure across the full actuarial lifecycle, combining reserving, internal model work, and strategic capital planning. You’ll collaborate closely with stakeholders across actuarial, underwriting, finance, and risk to drive insight, ensure regulatory compliance, and support decision-making at the highest levels. This is a high-impact position, well-suited to someone looking to expand their technical and commercial experience within the Lloyd’s market.
Key Responsibilities
- Reserving: Lead or support the production of quarterly technical provisions under Solvency II and Lloyd’s reporting frameworks. Deliver reserving deep dives and portfolio segmentation analysis to provide insights into claims development and reserve adequacy. Collaborate with underwriters and claims teams to ensure alignment between reserving assumptions and portfolio performance. Prepare and present reserving results to key stakeholders including senior leadership, finance, and group actuarial teams.
- Capital Modelling: Contribute to the development and parameterisation of the internal model in line with Lloyd’s standards. Support the delivery of SCR calculations and model outputs for regulatory and business planning purposes. Work with capital and validation teams to improve model performance, documentation, and governance processes. Assist in the integration of reserving and capital workstreams, ensuring consistency and transparency.
About You
Qualifications & Experience: Qualified Actuary (FIA or equivalent). Strong experience in both reserving and capital modelling, ideally within the Lloyd’s or London Market. Familiarity with Lloyd’s regulations, reporting cycles, and model approval processes. Proficient in actuarial software such as ResQ, Tyche, or Igloo, and strong Excel skills.
Skills & Attributes: Excellent analytical and problem-solving ability. Strong communication and presentation skills; able to engage technical and non-technical stakeholders. Highly organised with the ability to manage competing priorities. Comfortable working independently and as part of a collaborative team.
What’s on Offer
Opportunity to contribute to both capital and reserving strategy in a leading Lloyd’s environment. High visibility and regular interaction with senior management. Hybrid working policy with flexible hours. Competitive salary, bonus, and comprehensive benefits package. Career development opportunities and support for continued learning.
Reserving & Capital Actuary employer: IGA Talent Solutions
Contact Detail:
IGA Talent Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reserving & Capital Actuary
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events, webinars, or local meetups to connect with actuaries and stakeholders who can provide insights into the role and potentially refer you.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in reserving and capital modelling within the Lloyd's market. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss specific examples of your experience with Solvency II and Lloyd’s reporting frameworks. Highlight any projects where you've successfully collaborated with cross-functional teams to drive insights and improve decision-making.
✨Tip Number 4
Showcase your proficiency in actuarial software like ResQ, Tyche, or Igloo. If possible, bring examples of how you've used these tools to enhance model performance or streamline processes in previous roles.
We think you need these skills to ace Reserving & Capital Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a qualified actuary, focusing on your experience in reserving and capital modelling. Use specific examples from your past roles that demonstrate your analytical skills and familiarity with Lloyd’s regulations.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key responsibilities outlined in the job description, particularly your experience with Solvency II and collaboration with stakeholders.
Showcase Technical Skills: Emphasise your proficiency in actuarial software such as ResQ, Tyche, or Igloo. Mention any relevant projects where you utilised these tools to enhance model performance or deliver insights into claims development.
Prepare for Interviews: If invited for an interview, be ready to discuss your previous work in detail. Prepare to explain how you approach problem-solving and decision-making, especially in high-impact situations. Practice presenting complex information clearly to both technical and non-technical audiences.
How to prepare for a job interview at IGA Talent Solutions
✨Showcase Your Technical Expertise
As a qualified actuary, it's crucial to demonstrate your strong experience in reserving and capital modelling. Be prepared to discuss specific projects you've worked on, particularly those involving Solvency II and Lloyd’s reporting frameworks.
✨Prepare for Stakeholder Engagement
Since the role involves collaboration with various stakeholders, practice how you would present complex actuarial concepts to both technical and non-technical audiences. Highlight your communication skills and any past experiences where you successfully engaged with senior leadership.
✨Understand the Lloyd's Market
Familiarise yourself with Lloyd’s regulations and reporting cycles. Being able to discuss these topics confidently will show your potential employer that you are well-prepared and knowledgeable about the environment you'll be working in.
✨Demonstrate Problem-Solving Skills
Prepare examples of how you've tackled analytical challenges in previous roles. This could involve discussing how you improved model performance or addressed inconsistencies in reserving assumptions, showcasing your ability to think critically and strategically.