The company is a legacy writer which provides risk-transfer and run-off solutions for other Lloyd’s syndicates and capital providers.

It is responsible for managing the run-off of the Syndicate, following cessation of live market underwriting on 31 December 2018.


  • To drive the capital modelling process, includes reporting to key internal committees.
  • Over time, to take on reserving duties with potential support of pricing for a good candidate.
  • Meeting Lloyd’s and other regulatory requirements and developing and delivering the Model Development Plan.
  • Build knowledge of business through both data analysis and interaction with claim, reinsurance, and finance teams.
  • Deliver high-quality and timely Solvency II and regulatory reporting.
  • Positively contribute to the effectiveness and development of the Actuarial Function.
  • Cross-sharing of knowledge and skills within the actuarial team and wider business.

We offer hybrid working, with the successful applicant expected to attend the London office approximately 40% of the time, or more should business requirements dictate.


Key Responsibilities


  • Lead and manage the company capital modelling process for internal and regulatory requirements.
  • Deliver high-quality and timely Solvency II and regulatory reporting.
  • Lead the preparation and documentation of the company’s SCR, contribute to Standard Formula SCR and other modelling as required.
  • Lead the development, parameterisation, assist with validation and documentation of the Internal Model.
  • Responsible for the enhancement of the capital modelling process, which will include reporting and presenting to the Risk and Capital Committee.
  • Embed the use of the Internal Model in accordance with the Use Test requirements.


  • Support the Reserving team to undertake various reserving analyses and the subsequent production of exhibits and reports.
  • Assist with due diligence analysis of target deals portfolios.
  • Liaise with all internal stakeholders including Board members, providing relevant training as required.
  • Contribute to any ad hoc projects as necessary.
  • Maintain an appropriate level of Continued Professional Development as required by the company and relevant Professional Organisations.


Skills & experience profile

Suitable candidates will have:

  • Excellent knowledge of actuarial capital modelling platforms and techniques. Experience using Remetrica would be desirable but not essential.
  • Detailed working knowledge of Lloyd’s Regulatory Reporting requirements.
  • Strong technical skills, proven analytical problem-solving experience and delivery of results orientated solutions.
  • Good practical knowledge of actuarial reserving approaches and requirements.
  • Knowledge of ResQ, or other reserving packages, and R or Python advantageous.
  • Strong communication skills across a range of audiences.
  • Solid project management experience.
  • Keen interest in development of self and others.
  • Awareness of wider industry knowledge and desire to learn more.


Company’s Values
  • Bold

“We are ambitious and passionate about our future”

  • Expert

“We use our specialisms and expertise to get things done”

  • Innovative

“We embrace change and continually seek to improve the way we do business”

  • Accountable

“We are outcome focused and deliver on promises”

  • Honourable

“We act with integrity and aim to do the right thing”

  • Inclusive

“We encourage participation and value all contributions”


Galejay and all its clients are inclusive employers and prides itself on the main values of honesty and integrity. If you have these qualities and wish to apply, please send your CV to Gary Forster Managing Director, at gforster@galejay-recruitment.com