Chief Actuary - Lloyd's syndicate (Contract - 2/3 days per week)

Chief Actuary – Lloyd's Syndicate (SMF20)

Location: London

Type: Interim – 12 Month Contract

Working Pattern: 2–3 Days per Week

Regulatory Classification: SMF20 – Chief Actuary

Miryco Consultants is working with a Lloyd's-focused insurance business that is looking to appoint an experienced Chief Actuary on an interim basis to support the strategic development and evolution of its syndicate.

This is a particularly interesting opportunity for a senior, qualified actuary to take on a broad leadership role, combining regulatory responsibilities with significant involvement in the strategic transition from a Turnkey operating arrangement towards an in-house model.

Working approximately 2–3 days per week over an initial 12-month period, the successful candidate will play a key role in planning the transition, supporting regulatory requirements and establishing the foundations for a fully developed in-house actuarial function.

Alongside the technical and regulatory responsibilities, the position will provide an opportunity to influence the wider financial and commercial direction of the syndicate, particularly around capital deployment, investment allocation and maximising profitability.

The Opportunity

The role will combine the responsibilities of the SMF20 Chief Actuary with a broader strategic remit, working closely with senior management, the Board and other key stakeholders.

Key responsibilities will include:

• Undertake the responsibilities associated with the SMF20 Chief Actuary function, providing appropriate actuarial oversight, advice and governance.
• Lead the actuarial planning associated with the transition from the existing Turnkey arrangement to an in-house operating model.
• Develop a clear transition roadmap, identifying the actuarial capabilities, resources, systems and processes required to support the future operating structure.
• Support the regulatory transition, including relevant actuarial requirements, regulatory engagement and the development of supporting documentation.
• Plan the establishment and build-out of an in-house actuarial function, including defining its structure, responsibilities and resource requirements.
• Work with senior management to ensure appropriate actuarial governance, reporting and oversight arrangements are embedded.
• Provide strategic actuarial input into capital deployment and capital management decisions.
• Advise on investment allocation and the relationship between investment strategy, capital requirements and overall syndicate performance.
• Identify opportunities to improve financial performance, profitability and maximise EBITDA.
• Provide strategic insight and challenge to the Board and senior leadership on actuarial, capital and financial matters.
• Support the development of the syndicate's longer-term business plan and operating strategy.

About You

We are looking for an established Qualified Actuary with significant experience within Lloyd's or the wider insurance market, ideally with previous experience operating at Chief Actuary or senior actuarial leadership level.

Ideally, you will have:

• Full actuarial qualification.
• Significant post-qualification experience within Lloyd's, syndicate or specialty insurance environments.
• Experience undertaking SMF20 Chief Actuary responsibilities, or the capability and experience to take on this appointment.
• Strong understanding of Lloyd's regulatory requirements and actuarial governance.
• Experience supporting the development, restructuring or transition of actuarial functions and operating models.
• An understanding of the operational and regulatory considerations involved in moving from a Turnkey arrangement to an in-house model.
• Strong knowledge of capital management, actuarial oversight and financial planning.
• Commercial awareness and an appreciation of how capital deployment and investment allocation influence business performance.
• Experience working with Boards, senior management and regulatory stakeholders.
• The ability to operate strategically while remaining sufficiently hands-on to deliver the required transition planning.
• Excellent communication, stakeholder management and leadership skills.

Why Apply?

This is a rare opportunity to take on a senior actuarial leadership position with genuine strategic influence, without the commitment of a traditional full-time executive role.

You will play a fundamental part in shaping the future operating model of a Lloyd's syndicate, helping establish its in-house actuarial capabilities and influencing important decisions around capital, investment strategy and financial performance.

The role offers considerable breadth, combining regulatory accountability, actuarial leadership and commercial strategy within a flexible 2–3 days per week, 12-month contract.

If you're an experienced Lloyd's actuary with SMF20 experience and are interested in a strategic interim opportunity where you can have a tangible impact on the future development of a syndicate, we'd be keen to hear from you.

For similar opportunities, follow Miryco Consultants on LinkedIn at https://www.linkedin.com/company/miryco-consultants-ltd/.

Please note, should you not be contacted within twenty working days of submitting your application, unfortunately you have not been shortlisted for this position.

Please note our client can provide visa sponsorship for this position