Senior Actuary, Capital Modelling

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.

Lloyd’s is recruiting for a Senior Actuary, Capital Modelling LIM (Lloyd's Internal Model) on an 8 Month FTC (Fixed Term Contract). In this role, you would be expected to manage projects, working with both experienced stakeholders and reviewing the work of junior analysts. As a member of the MRC team, you may also be expected to be involved in the wider team activities, including reserving and syndicate oversight.

• Modelling Lloyd’s capital
• Manage/support the annual update of the LIM to produce the Lloyd’s capital requirement on a number of bases (over a one year and ultimate time horizon, sensitivities, with incremental changes for bridging analyses, etc).
• Review and challenge LIM results, providing analysis of change between updates for specific areas.
• Support the LIM validation process.
• Manage/support and promote LIM uses in the wider Lloyd’s business, e.g., for the purpose of monitoring risk appetites.
• Investigate differences between Lloyd’s view of syndicates and syndicates’ own view.
• Ad hoc analyses, e.g., in the wake of major loss events.
• Specification and testing of proposed model changes.
• Investigations relating to modelling of member capital, including:

• Manage/support the annual update of the LIM to produce syndicate & member capital requirements on a number of bases (over a one year and ultimate time horizon, with incremental changes for bridging analyses, etc.).
• Adapting the LIM to syndicate specific issues, if necessary.
• Answering questions with respect to member’s diversification.

• Experience in non-life insurance work, preferably with some exposure across a range of work areas and significant capital modelling experience.
• Qualified as a fellow of the Institute and Faculty of Actuaries (or equivalent).
• Experience in leading project work to completion.
• Advanced knowledge of the actuarial techniques involved in non-life insurance capital work, including the requirements of Solvency II.
• Knowledge of various IT tools including Excel, Access, Word.
• Knowledge of capital modelling tools including Tyche, Remetrica, Igloo or similar.

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. One where everyone is treated with dignity and respect to achieve their full potential. 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.