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.
Lloyd’s are recruiting for a Senior Actuary, Syndicate Reserving. This role is a senior actuarial position within the team with responsibility for management of a number of work areas, across syndicate reserving. As a Manager you would be expected to be a technical expert and manage or support various aspects of the work undertaken by the Syndicate Reserving team.
Principal Accountabilities
Syndicate Reserving
Lead the continuous review of the appropriateness of syndicate reserve estimates
Lead analysis to assess syndicate-level reserve adequacy
Plan and deliver appropriate resourcing and training for this work area
Report on outcomes of this work to management within the team and external to the team as appropriate
Use an appropriate range of reporting metrics, based on central reserving and syndicate returns, to identify and carry out follow-up with syndicates
Ensure all reporting is in line with professional requirements and standards
SAF Reporting
Provide appropriate guidance to the market in this work area
Plan and deliver appropriate resourcing and training for this work area
Report on outcomes of this work to management within the team and external to the team as appropriate
SAO reporting
Provide appropriate guidance to the market in this work area
Plan and deliver appropriate resourcing and training for this work area
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
Reserving risk appetite
Based on syndicate reserving provide input to appropriateness and status of reserving risk appetite
Work with internal stakeholders as appropriate, potentially including the syndicate capital team, the Lloyd’s Internal Model team, Risk Management, International Regulatory Affairs and other parts of the Corporation
Provide updates and advice to the market on minimum standards compliance
Lead assessments of compliance with minimum standards as appropriate
Liaise with over teams on minimum standards compliance and any emerging issues
Provide peer review to work areas as appropriate, focusing on required purpose and potential improvements to the work considered
Lead the implementation of any strategic initiative aspects relevant to managed work areas
Skills Knowledge and Experience
Experience in non-life insurance work, preferably with some exposure across a range of work areas and significant reserving experience.
Experience in leading project work to completion.
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
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. 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
Please note, clicking on this link does not register your application for the vacancy #J-18808-Ljbffr