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 Europe is a company which has played an important part of Lloyd’s European Market Access strategy for both the insurance and reinsurance business in the EU/EEA since 2019. It allows Lloyd’s to remain actively engaged with the market and ensure that Lloyd’s Europe is an effective solution for the market to carry on business without interruption after the UK left the EU.
Lloyd’s Europe Finance is at the heart of the insurance business, leading the financial & capital management, analysis and reporting to securely fulfil all statutory requirements and add commercial insight & value.
Role Purpose
The role is a general actuarial associate role within the team and is expected to involve work across the main focus of the team – reserving, reporting and capital modelling. The role will cover all actuarial work required to support this significant insurance company.
Principal Accountabilities
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Build data processes, and review and validate data used in actuarial modelling and reporting
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Undertake the actuarial aspects of the Solvency II quarterly and annual reporting, Belgian GAAP reporting and other local reporting as required
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Undertake and develop claims reserving processes across the Lloyd’s Europe book of business, on best estimate and Belgian GAAP bases or as required
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Support the Actuarial Manager in the determining of assumptions and the building of reserving processes
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Undertake and develop processes to calculate the capital requirements under Solvency II Standard Formula
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Undertake premium reserving across the Lloyd’s Europe book of business as required
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Undertake capital projections to support the work of Business planning and ORSA
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Undertake work to support analysis of surplus, premiums earning patterns and other actuarial tasks
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Undertake actuarial work for the local Lloyd’s branches in Europe
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Undertake ad-hoc actuarial work to support projects as required
Skills
Analytical:
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Undertake and direct detailed technical analysis with minimal guidance provided on output required.
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Design implementations of analysis to address specific questions.
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Suggests solutions to any practical barriers to delivery of analysis based on experience of other work areas.
Delivery:
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Deliver high quality output based on independent definition of tasks that is checked against internal and external information.
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Proactively propose appropriate deadlines for delivery.
Management:
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Manage project work to ensure coordinated delivery of output.
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Communicate any issues in good time.
Knowledge sharing:
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Proactively shares own knowledge with others in the team and identifies gaps in own knowledge.
Communication:
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Provide communication of complex areas in a way that is targeted and appropriate to the audience.
Flexibility:
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In face of ambiguity remain positive in approach and able to respond to issues as they arise.
Collaboration:
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Establish strong working relationships and contributes positively to the atmosphere of the team.
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Provides assurance and recognition to other team members.
Innovation:
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Create new processes and recognizes the links between work areas when doing so.
Commercial awareness:
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Consider the purpose to be fulfilled by work and suggests improvements within this context.
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Always asks the question "Is this the best way of achieving the outcome?"
Leadership:
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Is seen as an source of expertise within and external to the team.
Independent Challenge:
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Challenge the way in which a task is approached in a way that is driven by objective reasoning.
Knowledge
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Knowledge of the actuarial techniques involved in non-life insurance
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Knowledge of various IT tools including Excel, Access, Word and databases.
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ResQ & R Studio experience a distinct advantage.
Experience
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Experience in non-life insurance work, preferably across a range of work areas (in particular reserving, capital modelling).
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Experience in delivering complex work output, including supervising work, and communicating this to different audiences.
Competencies
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Working with People
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Delivering results and meeting customer expectations
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Applying expertise and technology
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Leading and supervising
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Adapting and responding to change
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Creating and innovating
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Entrepreneurial and creative thinking
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Results Orientation
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.
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
Top Skills
What We Do
Lloyd’s is the world’s leading marketplace for insurance and reinsurance.
Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.
