Senior Actuary, Reserving

Senior Actuarial position within the team with responsibility for management of several work areas, across Reserving.

Key Responsibilities:

• Technical Oversight (Syndicate and/or Market level)
• Owning more complex or technical pieces of work.
• Own/responsible for being SME for one or more complex Lines of Business.
• Responsible for review across larger, Tier 1, or more challenging syndicates, agents, and new entrants.
• In the absence of Head of Reserving and L14s, provide quorum to the Actuarial Oversight Review Group (AORG).
• Providing input into Risk Identification oversight.
• Supporting delivery of the Global Central Reserving Exercise (GCRE) to inform the view of surplus within the market.
• Review the appropriateness of syndicate reserve estimates.
• Analysis to assess syndicate-level reserve adequacy.
• Providing input to appropriateness and status of reserving risk appetite.
• Centrewrite analysis.
• Quarterly Business Reviews (QBR).
• Technical Standards & Methodology
• Deliver training and mentoring for the broader team.
• Support uplift of technical and project capabilities, including updates to the reserving guidance and Actuarial Function Reports.
• Support the development and maintenance of the Oversight Framework.
• Contribute to the application of the Principles-based Oversight (PBO) framework.
• Provide peer review to work areas as appropriate, focusing on required purpose and potential improvements to the work considered.
• Stakeholder Management, Collaboration & Reporting
• Maintain strong connections with other analytical, Underwriting, Lloyd's Internal Model team, Risk Management, International Regulatory Affairs and other parts of the Corporation to ensure alignment of methodologies and assumptions.
• Serve as primary Point of Contact for assigned syndicates or thematic areas.
• Handle escalations for tricky or high‐profile stakeholders.
• Represent the team in internal working groups.
• Contribute to shaping team processes, frameworks, and best practices.
• Report on outcomes of this work to management within the team and external to the team as appropriate.
• Ensure all reporting is in line with professional requirements and standards.
• Team Management
• Assist with recruitment into the team.
• Plan and deliver appropriate resourcing and training for work areas responsible for leading.
• May be asked to manage and support the development, performance, and day‐to‐day work of direct reports.

Knowledge & Experience:

• Advanced knowledge of the actuarial techniques involved in non‐life insurance.
• Knowledge of various IT tools including Excel, Access, Word.
• Knowledge of reserving tools including ResQ or similar.
• Experience in non‐life insurance work, preferably with exposure across a range of work areas and significant reserving experience.
• Experience in leading project work to completion.

Qualifications:

• Degree level.
• Qualified as a fellow of the Institute and Faculty of Actuaries (or equivalent) or studying towards this qualification.

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. We offer regular well‐being programmes, diversity and inclusion training, mentoring and volunteering opportunities, and investment into professional development. We understand that work/life balance is important and offer a hybrid model of working from the office and home. Our benefits include generous pension, healthcare, well‐being support, financial support for training, education & development, a flexible benefits allowance (e.g. gym membership, dental insurance, extra holiday), employee recognition schemes and discount schemes.