Senior Actuary (International Actuarial)

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 recruiting for a Senior Actuary (International Actuarial) – a senior actuarial position demonstrating technical expertise and management of a number of work areas within the International Actuarial team. This role involves a full range of actuarial work undertaken by MRC, specifically the International Actuarial team. The International Actuarial team within MRC is responsible for the calculation and reporting of territory specific reserving and funding requirements for the Overseas Trust Funds.

As a senior actuary you will be expected to be a technical expert and manage or support various aspects of the work undertaken by the International Actuarial team, this could include the below.

• International reporting and funding of territory licences
• Lead the actuarial support for existing international reserving, capital requirements, funding and reporting processes.
• Provide actuarial support for defence of existing licences and development to establish new licences.
• Where appropriate, lead the design and implementation of enhancements to existing processes and the creation of new reserving and capital modelling processes.
• Develop a detailed understanding of the structure of Lloyd’s and the available data and use this to form proposals for negotiation with international regulators on how Lloyd’s will meet regulations.

Develop relationships with international regulators and auditors. Lead communication with the Market in relation to international funding. Collaborate with other teams and departments in Lloyd’s as appropriate.

Support timely completion of regulatory returns. Ensure ongoing compliance with international regulations. Discuss Lloyd’s responses to regulators’ questions/issues and produce additional analysis to support Lloyd’s responses, as required. Manage/support the regular update of the documentation to ensure that it remains fit for purpose, useful and complies with regulatory requirements.

Assist with recruitment into the team. Plan and deliver appropriate resourcing and training for work areas responsible for leading.

Plan and deliver appropriate resourcing and training for work areas responsible for leading.

Plan and deliver appropriate resourcing and training for work areas responsible for leading.

Experience in non-life insurance work, preferably with some exposure across a range of work areas and significant reserving experience. Experience in leading project work to completion. Preferably experience working in the Lloyd’s market. Advanced knowledge of the actuarial techniques involved in non-life insurance, preferably including the requirements of Solvency II and IFRS17. Knowledge of reserving tools including ResQ or similar. Qualified as a fellow of the Institute and Faculty of Actuaries (or equivalent) – preferable.

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. 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). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

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.