Senior Actuary, Capital Oversight

Join to apply for the Senior Actuary, Capital Oversight role at Lloyd's. 2 weeks ago Be among the first 25 applicants. 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 are bravery, stronger together, doing the right thing, and guiding what we do. Principal Accountabilities Manage a robust and risk-based process for MRC’s review of syndicate capital models and resulting capital submissions. Design and ensure sufficient technical criteria, review frameworks and documentation are developed and followed as part of review processes. Ensure processes are auditable and in line with the latest regulatory requirements. Design and provide relevant review tools (e.g., simplified models to run as sense checks) to assist in the reviews. Undertake autonomous and technically detailed review of syndicate models. Provide training and oversight of analyst model reviews. Manage the detailed review of syndicate’s internal model against the Capital Principle of the Principles of Doing Business at Lloyd’s. Interact with external stakeholders, including managing agent capital and management teams and regulators, on processes and areas arising as part of capital oversight. Manage update of guidance to be provided to the market on syndicate capital requirements and processes. Update the Senior Manager, Syndicate Capital on issues and developments in the review process. Provide internal training on the required process and technical requirements. Present conclusions and recommendations to Lloyd’s Capital Planning Group (CPG) on capital developments and adequacy. Liaise with internal teams such as Syndicate Capability, Exposure Management and Performance Management to ensure consistent and coordinated approaches. Assume project lead responsibilities, managing these projects to successful delivery. Manage work areas within the wider actuarial team, including those in relation to the Lloyd’s Internal Model. Skills, Knowledge and Experience Experience in non-life insurance work, preferably across a range of work areas (in particular capital modelling). Experience delivering complex work output, including supervising work and communicating it to an audience. Knowledge of actuarial techniques involved in non-life insurance. Knowledge of IT tools including Excel, Access, Microsoft Applications and SharePoint. Interest in programmatic approaches, including using VBA, R, and capital modelling tools. Qualified actuary with capital experience. Ability to undertake and direct detailed technical analysis with minimal guidance. Positive and adaptable approach in the face of ambiguity. Ability to provide assurance and recognition to other team members, supporting cooperation and mutual respect. Constructively challenges approaches to tasks, ensuring suggestions and feedback are grounded in objective reasoning. Benefits and Diversity 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 flexible working with hybrid options, generous pension, healthcare, wellbeing programmes, training support, benefit allowance, employee recognition scheme and discount schemes. By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, creating innovative, responsive solutions to share risk and solve complex problems. Should you require any additional support with your application, or any adjustments, please click the following link: https://cleartalents.com/apply/lloyds-msa1645695881. Note that clicking on this link does not register your application for the vacancy. Seniority level Mid-Senior level Employment type Full-time Job function Finance and Sales Insurance #J-18808-Ljbffr