About this role
Polo Managing Agency (PMA) is looking for an experienced and commercially minded actuary to join our Actuarial team as Deputy Head of Capital. This is an exciting opportunity to play a key role in the oversight, review and challenge of capital modelling activities across multiple Lloyd's syndicates. Working closely with the Head of Capital, Deputy Chief Actuary, Chief Actuary and CFO, you will have significant visibility across the business and exposure to senior decision-makers, regulators and market stakeholders. The role combines technical expertise, governance oversight and strategic influence, making it ideal for an actuary who enjoys challenging assumptions, improving processes and helping businesses make informed capital decisions. Capital Oversight & Governance Support the Head of Capital in overseeing capital modelling activities across PMA-managed syndicates. Review and challenge capital methodologies, assumptions, model outputs and recommendations. Oversee syndicate capital requirements calculated under Internal Models, Standard Formula and the Lloyd's Standard Model where applicable. Ensure capital models continue to reflect each syndicate's evolving risk profile and business strategy. Stakeholder Engagement & Challenge Work closely with underwriting, pricing, reserving, claims, finance and risk teams to ensure capital assumptions remain appropriate and relevant. Provide effective challenge where reliance is placed on third-party providers, clients or external resources. Support engagement with Lloyd's and other stakeholders on capital-related matters. Assist in presenting capital analysis, recommendations and model outputs to governance committees and Boards. Delivery & Project Management Coordinate capital modelling deliverables to ensure key regulatory and internal deadlines are met. Monitor progress, identify delivery risks and help drive successful outcomes. Contribute to strategic business initiatives, including: Internal process and systems enhancements New client onboarding New syndicate launches Business development projects Lloyd's "Making It Happen" applications Internal Model Development & Validation Support oversight of: New Internal Model developments IMAP applications Major Model Change submissions Validation and model governance activities Work with independent validators and risk teams to ensure validation findings are addressed and closed effectively. Review outputs from sensitivity testing, stress and scenario testing, back-testing, P&L attribution and other validation activities. Reporting & Regulatory Compliance Support the production and review of: Lloyd's Capital Returns (LCRs) PRA Internal Model Outputs (IMO) Standard Formula submissions ORSA reports Capital committee and governance papers Ensure documentation and processes remain aligned with Solvency UK, Lloyd's and actuarial professional requirements. Support Board and committee reporting on capital-related topics and emerging issues.