Actuarial Associate

Overview

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We shape how the global insurance market works and aim to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Lloyd’s values bravery, resilience, integrity and collaboration. This role is for an Actuarial Associate to join the Capital Oversight team and play a key part in assessing and challenging capital adequacy across the Lloyd’s market.

• 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‑dives and thematic investigations into capital‑related issues, for example Climate Risk and Geopolitical Risk.
• Guide and support junior colleagues, sharing expertise and helping others develop their understanding of capital modelling and risk assessment.

• 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.

• 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 curiosity about why the work matters, not just how it’s done.
• Integrity, openness and a desire to make a positive difference.

• Take smart, calculated risks to push the market forward.
• Bring increased energy and urgency to getting things done.
• Own the outcome and take responsibility for seeing decisions through from start to finish.

Flexible working, generous pension, healthcare, wellbeing programmes and a benefit allowance for items such as gym membership, dental insurance, extra holiday or cycle‑to‑work scheme. Additional support for training, education and professional development is available. Lloyd’s offers employee recognition schemes and discount programmes.

We are committed to diversity and inclusion and provide a positive, inclusive environment that treats everyone with dignity and respect.