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Job Description
The Actuarial team at Lloyd’s is responsible for oversight of market reserves and capital. Reserves are the funds set aside to pay claims and capital is funds held to ensure that claims can be met in adverse circumstances. With potentially billions at stake, our actuaries handle large quantities of data, analysing and modelling outcomes and requirements. As with our Insurance programme, you’ll have a senior leader as a mentor and the personal skills training you need to thrive. Your four six-month placements cover all our core specialisms, so you can expect plenty of variety as you hone your commercial awareness and work towards a professional qualification with the Institute and Faculty of Actuaries (IFoA).
Typically, we look for applicants with a minimum 2:2 in a numerate degree. Other subjects are accepted too, but you’ll need to demonstrate that you are capable of the kind of analytical and mathematical thinking necessary to flourish as an actuary. We also look for communication skills as our actuaries liaise with clients and need to break down complex subjects, and time management skills as you will often be handling several projects at once.
We offer a starting salary of £30,000 and a competitive benefits package. Our working culture is one that genuinely respects your work-life balance and both recognises and rewards good performance. Working for the Actuarial team at Lloyd’s gives you exposure to potentially 70 different lines of business, and the chance to make contacts with a variety of stakeholders across the Corporation and within the market. You’ll receive up to 40 days of paid study leave per year, and by the end of the programme, you should have achieved the IFoA associate qualification.