Actuarial Associate

Location: Greater London

## Actuarial Associate Apply locations:
Lloyd's UK:
London time type:
Full time posted on:
Posted 6 Days Agotime left to apply:
End Date:
July 29, 2026 (13 days left to apply) job requisition :
R5013

Lloyd’s is the world’s leading insurance and reinsurance marketplace, bringing together the world’s leading risk takers to advance global progress.

Our strategy is focused on delivering strong underwriting performance, operating an efficient and flexible marketplace, and maximising the capital advantage of the Lloyd’s market — while continuing to build a Lloyd’s we are proud of.

How we deliver this, matters. We take the risk, make things happen, and own the outcome — working together across our global network to turn insight into impact.
** Make the market better. It starts with you.
** At Lloyd’s, we don’t just insure the world’s risks. We shape how the global insurance market works.

We are looking for an
** Actuarial Associate
** to join our
** Capital Oversight team**, playing a key role in our assessment and challenge of capital adequacy across the Lloyd’s market.

This is a role with breadth, influence and impact. You’ll work at the heart of market oversight, helping us understand risk, strengthen resilience and build trust across the Lloyd’s market.

This role would suit someone with experience in
** capital modelling either from a first line or second line perspective**, as well as those currently working in actuarial roles more broadly, keen to
** transition into capital modelling or oversight**.
** What you’ll be doing
** You’ll be part of a team focused on
** capital oversight**, working across both syndicate-specific reviews and thematic reviews in areas of market-level uncertainty.

That means you’ll
* 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-dive reviews and thematic investigations
** into capital-related issues. Recently examples are Climate Risk and Geopolitical Risk You’ll also
** guide and support junior colleagues**, sharing your expertise and helping others develop their understanding of capital modelling and risk assessment.
** How you’ll work
** We focus on what matters. And we do it  this role, you’ll:
* 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.
** What you’ll bring
** You don’t need to tick every box. But you should bring a strong foundation and the confidence to grow.

We’re looking for:
* 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 a curiosity about why the work matters, not just how it’s done.

Most importantly, you’ll bring integrity, openness and a desire to make a positive difference.
** Lloyd’s Behaviours
**** Take the risk
** We must manage risk well, but make sure we maximise opportunities. We want to advance and progress, both the corporation and the market. We need to have a bias to action rather than being too cautious. We need to take smart, calculated risks that push us forward. If a decision is in the balance, take the risk.
** Make it happen
** We need to bring increased energy and urgency to getting things done. Too often our…