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.
Requirements
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
Make it happen
Own the outcome
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
Additional Information
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 .
Lloyds · Lloyd's Uk: London