Senior Actuarial Associate (Capital Oversight)

Lloyd's; Greater London; On-site; GBP 90,000 - 115,000; Full time

Job summary

Lloyd’s is seeking a Senior Actuarial Associate in our Capital Oversight team. You’ll review syndicate capital models, provide independent challenge, and help ensure capital is managed effectively across the market.

This role supports the world’s leading insurance and reinsurance marketplace with high-profile actuarial work. You’ll apply your expertise to regulatory and internal modelling initiatives, influence strategic decisions, and coach analysts while collaborating with underwriters and

Qualifications

• Experience in non-life insurance, ideally with exposure to capital modelling.
• Strong actuarial and analytical skills.
• Ability to communicate complex topics clearly and confidently.
• Experience delivering projects and managing competing priorities.
• Collaborative approach and willingness to challenge constructively.
• Knowledge of Excel and interest in tools such as R, VBA or other analytical programming languages.
• Qualified or nearly qualified as a Fellow of the Institute and Faculty of Actuaries (or equivalent).

Responsibilities

• Review syndicate capital models and submissions, identifying key risks and areas for challenge.
• Assess major model changes against Lloyd’s and regulatory requirements.
• Conduct deep-dive reviews of syndicate internal models.
• Improve review tools, frameworks and processes.
• Support and develop analysts through coaching and technical guidance.
• Present findings and recommendations to senior stakeholders.
• Build strong relationships with managing agents and colleagues across Lloyd’s.
• Contribute to wider actuarial projects, including work relating to the Lloyd’s Internal Model.

Skills

Non-life insurance

Capital modelling

Actuarial analysis

Communication

Project delivery

Excel

R

VBA

Education

Fellow of the Institute and Faculty of Actuaries (or equivalent)

Tools

Excel

R

VBA

Job description

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.

Lloyd’s are seeking to recruit a Senior Actuarial Associate in our Capital Oversight team, you’ll play a key role in protecting the strength of the Lloyd’s market. You’ll review syndicate capital models, provide independent challenge, and help ensure capital is managed effectively across the market. This is an opportunity to apply your actuarial expertise to complex, high-profile work while influencing decisions across the world’s leading insurance and reinsurance marketplace.

What you’ll do

• Review syndicate capital models and submissions, identifying key risks and areas for challenge.
• Assess major model changes against Lloyd’s and regulatory requirements.
• Conduct deep-dive reviews of syndicate internal models.
• Improve review tools, frameworks and processes.
• Support and develop analysts through coaching and technical guidance.
• Present findings and recommendations to senior stakeholders.
• Build strong relationships with managing agents and colleagues across Lloyd’s.
• Contribute to wider actuarial projects, including work relating to the Lloyd’s Internal Model.

What you’ll bring

• Experience in non-life insurance, ideally with exposure to capital modelling.
• Strong actuarial and analytical skills.
• The ability to communicate complex topics clearly and confidently.
• Experience delivering projects and managing competing priorities.
• A collaborative approach and a willingness to challenge constructively.
• Knowledge of Excel and an interest in tools such as R, VBA or other analytical programming languages.
• Qualified or nearly qualified as a Fellow of the Institute and Faculty of Actuaries (or equivalent).

Why Lloyd’s

• You’ll join a team that combines technical excellence with real market impact. Your work will help maximise the capital advantage of the Lloyd’s market while supporting strong and sustainable performance.

Being inclusive at Lloyd’s is integral to how we work — and how we deliver impact.

We aim to build a diverse, inclusive environment that reflects the global markets we serve, where everyone is treated with dignity and respect and supported to reach their full potential.

We take the risk by challenging traditional thinking and being proactive about inclusion. That means being open and positive about workplace adjustments, prioritising health and wellbeing, and investing in diversity and inclusion training so everyone feels able to contribute and succeed.

We make things happen by turning our commitment into action. Through employee networks, mentoring, volunteering opportunities and sustained investment in professional development, we create an environment where inclusion is experienced day‑to‑day — not just talked about.

We own the outcome by focusing on impact. By bringing together diverse perspectives and the best minds in the industry, we work collaboratively with underwriters and brokers to create innovative, responsive solutions that share risk and solve complex problems across global markets.