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.
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 well.
In 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 processes slow us down. Instead, we need to be solutions‑focused and creative, with a tendency towards overcoming barriers and allowing the market to progress. We need to identify the steps we can take now to provide the momentum to make things happen.
Own the outcome
We need to make brave, sometimes tough, decisions and then own the outcomes. It means we will get a lot of things done. There will be some mistakes, but we can learn from them — and most things will go right. Take responsibility for seeing decisions through from start to finish, even when things get difficult — and not passing off someone else to deal with. It will deliver high‑quality outcomes to be proud of.
When we all consistently live these behaviours, we will create a step change in how we operate.
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. You can read more about diversity and inclusion on our website.
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.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881