Naval officer casts losers adrift (5,3,4)
I believe the answer is:
first sea lord
'naval officer' is the definition.
'casts losers adrift' is the wordplay.
'casts' indicates an anagram (cast can mean to mould or shape).
'losers'+'adrift'='losersadrift'
'losersadrift' with letters rearranged gives 'FIRST SEA LORD'.
(Other definitions for first sea lord that I've seen before include "Head of the Royal Navy" , "He's responsible for naval ships" .)