Risk Actuary – Lloyd's Managing Agency

About the role

The Risk Actuary will report to the Director of Risk & Governance and provide independent actuarial insight across underwriting, reserving, capital and reinsurance risk within a Lloyd’s managing agency. You will translate complex actuarial outputs into clear, decision‑ready insights for senior stakeholders.

Key responsibilities

• Provide a second‑line view on actuarial models used for underwriting, reserve and reinsurance risk.
• Deliver independent analysis of exposure accumulations, volatility drivers and diversification benefits.
• Support stress and scenario testing, including Lloyd’s and Board‑driven scenarios.
• Assist in assessing capital adequacy under internal frameworks, Lloyd’s requirements and Solvency II/UK regimes.
• Translate the agency’s risk appetite into measurable actuarial metrics and monitor utilisation, breaches and emerging risks.
• Partner with Underwriting to challenge pricing adequacy, margin sustainability and strategic changes.
• Support design and evaluation of reinsurance programmes to reduce volatility and provide capital relief.
• Produce high‑quality actuarial risk reporting for Committees, the Board and Executive management.

Required profile

• Several years of actuarial experience within a Lloyd’s managing agent, specialty insurer or London market environment.
• Strong grounding in general insurance actuarial methods and long/short‑tail dynamics.
• Commercially minded with the ability to engage senior stakeholders and translate technical results into business insights.

Required skills

• Excel
• R
• Python
• Capital models
• Exposure systems