Risk Actuary

🕒 June 3

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PoloWorks

WebsiteLinkedInAll Job Openings

201 - 500 employees

💸 Finance

🤝 B2B

Insurance • Finance • B2B

PoloWorks is a comprehensive partner for (re)insurers and brokers, dedicated to simplifying the complexities of the insurance lifecycle. With a focus on building strong, collaborative relationships with clients, PoloWorks offers tailored solutions and scalable services designed to meet the ambitions of the insurance market. Operating from its centers in Cheltenham and London, PoloWorks provides business advisory and outsourced services, syndicate management, and tech-enabled insurance management services, ensuring dependable support throughout all stages of insurance operations.

📋 Description

• Reporting to the Director of Risk & Governance, the Risk Actuary provides independent actuarial insight across underwriting, reserving, capital and reinsurance risk. • Help ensure that material insurance, market, reserving and capital risks are appropriately quantified, monitored and challenged within a Lloyd’s environment. • Provide a second-line view on actuarial models used to assess 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. • Contribute to assessment of capital adequacy under internal frameworks, Lloyd’s requirements and Solvency II / Solvency UK regimes. • Translate the Agency’s risk appetite into measurable actuarial metrics and tolerances. • Monitor and report on utilisation, breaches, trends and emerging risks. • Review business plans, including loss ratio forecasts, growth assumptions and downside risk. • Support the design and evaluation of reinsurance programmes, focusing on volatility reduction, tail protection and capital relief. • Produce high-quality actuarial risk reporting for Committees, Board and Executive management.

🎯 Requirements

• Several years’ actuarial experience within a Lloyd’s managing agent, specialty insurer or London Market consultancy. • Experience working in or closely with a second-line risk or assurance function. • Demonstrated ability to influence underwriting or strategic decisions through actuarial insight. • Qualified or near-qualified actuary (IFoA or equivalent). • Commitment to ongoing professional development. • Strong grounding in general insurance actuarial methods, specialty lines and long-/short-tail dynamics. • Experience with actuarial and risk modelling tools (Excel, R, Python, capital models, exposure systems). • Deep understanding of the Lloyd’s market and Managing Agency governance.

🏖️ Benefits

• As well as a competitive salary, discretionary annual bonus, and a minimum 27 days of annual leave (with the option to buy more), you will also get an excellent benefits package, including flexible, hybrid working, private health insurance, life assurance, income protection, enhanced pension contributions, and occupational maternity and paternity pay. You will also have access to company volunteering days, an Electric Vehicle (EV) leasing scheme, an employee assistance programme with retail discounts and savings, a generous employee referral scheme and regular sports and social events.