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- Tasks: Join our Actuarial Pricing team to impact pricing and profitability across global operations.
- Company: Markel Group is a Fortune 500 company with a diverse, global presence in insurance and investment.
- Benefits: Enjoy a competitive salary, annual bonus, 25 days holiday, and excellent health benefits.
- Why this job: Make a meaningful difference while collaborating with a global community of optimists and problem-solvers.
- Qualifications: Substantial experience in technical pricing and stakeholder management is essential.
- Other info: Flexible working patterns are available, and we celebrate diversity in our workforce.
The predicted salary is between 43200 - 72000 £ per year.
Looking for a role that will have a meaningful impact in Actuarial? We are looking for an individual to be a key contributor within our Actuarial Pricing team. If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special!
The opportunity: We are a team of 32 that provide actuarial support to the International organisation, covering multiple geographical locations. The team is mainly based in London, but can operate remotely or in other offices. We interact with almost all of the other departments as well as colleagues in the US and in other worldwide locations. We travel as necessary, particularly for office visits and conferences (both internally and externally).
What you’ll be doing:
- Contribute significantly to all aspects of the Markel International Actuarial team that relate to pricing and profitability, including large account pricing, pricing tool validation and internal and regulatory pricing reporting.
- Provide technical expertise to the rest of the actuarial team in relation to large account pricing and pricing tool validation.
- Contribute to the annual business planning process, as well the parameterisation of underwriting risk.
- Provide support to the wider Markel International Actuarial team.
Our must-haves:
- Substantial experience of technical pricing, including case pricing large accounts and rating model development.
- Experience of portfolio management monitoring and development of associated metrics.
- Experience in the actuarial elements of business planning and parameterisation of underwriting risk, including interacting with other departments including Finance, Underwriting, Capital etc.
- Able to manage and engage stakeholders and create effective relationships with stakeholders.
- Aware of the latest market practice and developments in the field of technical pricing for wholesale business and be aware of pricing techniques in other markets.
- Effectively manage your workload.
- Contribute to the writing of the Actuarial Function Solvency II Opinion reports (Opinion on Reinsurance Arrangements and Opinion of Underwriting Policy).
Who we are: Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
What’s in it for you? A great starting salary plus annual bonus & strong benefits package. 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave. Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer. Countless opportunities to learn new skills and develop in your career with the support needed to do just that!
Are you ready to play your part? Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you. Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful.
Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
Senior Actuary, Pricing employer: Markel Corporation
Contact Detail:
Markel Corporation Recruiting Team
rec@markel.com
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuary, Pricing
✨Tip Number 1
Familiarise yourself with the latest trends and techniques in technical pricing, especially for wholesale business. This knowledge will not only help you stand out during discussions but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the actuarial field, particularly those who have experience in large account pricing and portfolio management. Engaging with industry peers can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience in stakeholder management and how you've built effective relationships in previous roles. Being able to articulate this will show that you can navigate the collaborative environment at Markel.
✨Tip Number 4
Consider brushing up on your knowledge of Solvency II regulations and how they relate to actuarial functions. This will be crucial in demonstrating your understanding of the regulatory landscape during interviews.
We think you need these skills to ace Senior Actuary, Pricing
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your substantial experience in technical pricing, case pricing for large accounts, and rating model development. Use specific examples that demonstrate your expertise and how it aligns with the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for actuarial work and how you can contribute to Markel's Actuarial Pricing team. Mention your ability to manage stakeholder relationships and your awareness of market practices in technical pricing.
Showcase Relevant Skills: Emphasise your experience in portfolio management, business planning, and parameterisation of underwriting risk. Highlight any relevant metrics you've developed or monitored in previous roles.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in actuarial roles.
How to prepare for a job interview at Markel Corporation
✨Showcase Your Technical Expertise
As a Senior Actuary, it's crucial to demonstrate your substantial experience in technical pricing and large account pricing. Be prepared to discuss specific examples of your work in rating model development and how you've contributed to pricing tool validation.
✨Understand the Business Context
Familiarise yourself with Markel's business model and how the actuarial team interacts with other departments like Finance and Underwriting. This will help you articulate how your skills can contribute to the annual business planning process and parameterisation of underwriting risk.
✨Engage Stakeholders Effectively
Highlight your ability to manage and engage stakeholders. Prepare examples of how you've built effective relationships in previous roles, as this is key for collaboration within the international team and across various geographical locations.
✨Stay Updated on Market Practices
Demonstrate your awareness of the latest market practices and developments in technical pricing. Being knowledgeable about pricing techniques in other markets will show that you're proactive and committed to continuous learning in your field.
