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- Tasks: Join our Capital Oversight team to assess and challenge capital adequacy across the Lloyd’s market.
- Company: Lloyd’s, the world’s leading insurance and reinsurance marketplace, fostering a brave and inclusive future.
- Benefits: Flexible working, generous pension, healthcare, and support for training and development.
- Other info: Diversity and inclusion are key; we offer mentoring, wellbeing programmes, and career growth opportunities.
- Why this job: Make a real impact in shaping the global insurance market while developing your actuarial skills.
- Qualifications: Experience in non-life insurance actuarial work and strong analytical skills are essential.
The predicted salary is between 40000 - 50000 ÂŁ per year.
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.
We are looking for an Actuarial Associate to join our Capital Oversight team, playing a key role in our assessment and challenge of capital adequacy across the Lloyd’s market. This is a role with breadth, influence and impact. You’ll work at the heart of market oversight, helping us understand risk, strengthen resilience and build trust across the Lloyd’s market.
This role would suit someone with experience in capital modelling either from a first line or second line perspective, as well as those currently working in actuarial roles more broadly, keen to transition into capital modelling or oversight.
What you’ll be doing
- You’ll be part of a team focused on capital oversight, working across both syndicate-specific reviews and thematic reviews in areas of market-level uncertainty.
- Review and challenge syndicate capital models and SCRs, combining technical analysis with expert judgement.
- Engage with syndicates on their modelling approaches, assumptions and expert judgements.
- Support the development of guidance and expectations relating to capital modelling within Lloyd’s.
- Contribute actuarial expertise to engagement with external stakeholders such as the PRA and rating agencies.
- 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 your expertise and helping others develop their understanding of capital modelling and risk assessment.
How you’ll work
- Own your analysis, from shaping the question through to delivering clear, high‑quality outputs.
- Manage your work proactively, setting realistic deadlines and flagging risks early.
- Communicate complex ideas simply, tailoring your message to different audiences.
- Challenge how things are done when there’s a better way forward.
- Collaborate openly, building strong relationships across the team and wider business.
- Stay positive and adaptable when priorities shift or ambiguity appears.
What you’ll bring
- Experience in non‑life insurance actuarial work, ideally across reserving or capital modelling.
- Strong analytical skills and the ability to work independently with minimal guidance.
- Experience delivering complex outputs and supervising or reviewing others’ work.
- Confidence using tools such as Excel and other standard IT applications.
- Commercial awareness and a curiosity about why the work matters, not just how it’s done.
- Integrity, openness and a desire to make a positive difference.
Lloyd’s Behaviours
- Take the risk: We must manage risk well, but make sure we maximise opportunities.
- Make it happen: We need to bring increased energy and urgency to getting things done.
- Own the outcome: We need to make brave, sometimes tough, decisions and then own the outcomes.
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. 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.
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).
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.
Actuarial Associate in London employer: Lloyd's
Contact Detail:
Lloyd's Recruiting 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 people in the industry, especially those at Lloyd’s. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. Think about how your experience aligns with Lloyd’s values of bravery and collaboration – they want to see that you can own your analysis and communicate effectively.
✨Tip Number 3
Showcase your analytical skills! Bring examples of your past work where you've tackled complex problems or led projects. This will demonstrate your ability to manage your work proactively and deliver high-quality outputs.
✨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 serious about joining the team at Lloyd’s and building a braver future with us.
We think you need these skills to ace Actuarial Associate in London
Some tips for your application 🫡
Show Your Passion: When writing your application, let your enthusiasm for the role shine through! We want to see how your values align with ours at Lloyd’s. Share why you’re excited about building a braver future with us.
Tailor Your CV: Make sure your CV is tailored to the Actuarial Associate role. Highlight your experience in capital modelling and any relevant actuarial work. We love seeing how your skills can contribute to our mission!
Be Clear and Concise: Keep your application clear and to the point. Use simple language to communicate your ideas effectively. Remember, we appreciate straightforward communication, especially when it comes to complex topics!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, you’ll find all the info you need about the role and our company there.
How to prepare for a job interview at Lloyd's
✨Know Your Numbers
As an Actuarial Associate, you'll be dealing with complex capital models and risk assessments. Brush up on your technical knowledge and be ready to discuss specific examples from your experience. This shows you’re not just familiar with the theory but can apply it practically.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Think of scenarios where you've had to analyse data or challenge assumptions. Be ready to explain your thought process clearly, as this will highlight your ability to manage complex outputs independently.
✨Communicate Clearly
You’ll need to communicate complex ideas simply, so practice explaining your past projects or experiences in a straightforward manner. Tailor your message to different audiences, as this is crucial for engaging with both technical and non-technical stakeholders.
✨Embrace the Values
Familiarise yourself with Lloyd’s values: bravery, collaboration, integrity, and making a positive difference. Be prepared to share how you embody these values in your work. This alignment will resonate well with the interviewers and show that you’re a good cultural fit.