Senior Actuarial Analyst - Life Insurance

71 Days Old

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.
Lloyd’s is recruiting for a Senior Actuary, Capital Modelling LIM (Lloyd's Internal Model) on an 8 Month FTC (Fixed Term Contract). In this role, you would be expected to manage projects, working with both experienced stakeholders and reviewing the work of junior analysts. Manage/support the annual update of the LIM to produce the Lloyd’s capital requirement on a number of bases (over a one year and ultimate time horizon, sensitivities, with incremental changes for bridging analyses, etc).
# Review and challenge LIM results, providing analysis of change between updates for specific areas. Manage/support and promote LIM uses in the wider Lloyd’s business, e.g., for the purpose of monitoring risk appetites. Ad hoc analyses, e.g., Specification and testing of proposed model changes.

Manage/support the annual update of the LIM to produce syndicate & member capital requirements on a number of bases (over a one year and ultimate time horizon, with incremental changes for bridging analyses, etc.).
# This covers all key risk areas – insurance risk, market risk, credit risk, operational risk as well as Lloyd’s specific central risks.

Manage analysis to support challenge to model output across central model components, including CCK, LCM and LIRM.
# Manage analysis to support challenge to the risk-based approach and nature of review of syndicate capital reviews.
# Provide significant input to first line validation testing on model appropriateness and completeness.

Ensure ongoing compliance with Solvency II
# Produce additional analysis to support Lloyd’s responses, as required. Support timely completion of regulatory returns.

Manage/support the regular update of the documentation of the LIM to ensure that it remains fit for purpose, useful and complies with regulatory requirements.
# During a Major Model change application, support in co-ordination and delivery of the documentation package. Point of co-ordination between stakeholders across capital – the Lloyd’s capital team, Lloyd’s treasury team, Lloyd’s exposure management team.
# Assist Heads of Capital, Treasury and Exposure management in areas related to delivery of model developments and PRA interaction.
# Point of co-ordination between Risk Management (particularly the validation team) and other parts of the Corporation.
# Data team and IT, to ensure that requirements arising from developments are notified and specified in good time.

Experience in non-life insurance work, preferably with some exposure across a range of work areas and significant capital modelling experience.
# Qualified as a fellow of the Institute and Faculty of Actuaries (or equivalent).
# Experience in leading project work to completion.
# Advanced knowledge of the actuarial techniques involved in non-life insurance capital work, including the requirements of Solvency II.
# Knowledge of various IT tools including Excel, Access, Word.
# 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. 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).
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.
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Location:
London
Job Type:
FullTime

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