At a Glance
- Tasks: Join our Specialty Actuarial team to deliver insights and support strategic decision-making.
- Company: Markel Group, a Fortune 500 company with a global presence.
- Benefits: Competitive salary, annual bonus, strong benefits, and 25 days paid holiday.
- Other info: Flexible working options and opportunities for career growth in a diverse team.
- Why this job: Make a meaningful impact while developing your actuarial expertise in a collaborative environment.
- Qualifications: Experience in pricing and reserving, with strong stakeholder engagement skills.
The predicted salary is between 56700 - 69300 £ per year.
Are you looking for a role where you can combine technical actuarial expertise with commercial influence and broad business exposure? At Markel, you'll play a key role within our growing Specialty Actuarial team, partnering with Underwriting, Finance and Capital teams to deliver reserving and pricing insights, support strategic decision-making, and help shape the performance of a diverse and evolving portfolio of Specialty business.
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:
You will join a team of 33 actuarial professionals providing support to Markel's International organisation across multiple geographical locations. While the team is primarily based in London, it operates flexibly across remote and office locations and works closely with colleagues across the business, including teams in the US and other global offices. We travel as required, particularly for office visits and conferences (both internally and externally).
We are seeking a skilled Senior Actuarial Analyst / Actuary to join a growing actuarial group assisting the Specialty business. This is a broad and highly visible role offering ownership of actuarial analysis across a diverse portfolio of products. Working closely with senior team members, you will have a key role in quarterly reserving activities. You will also support pricing initiatives and wider business projects. The role offers significant exposure to a varied and evolving book of business, making it an excellent opportunity for a commercially minded actuary looking to broaden their technical expertise, influence decision-making, and accelerate their career development within a collaborative team environment.
What you’ll be doing:
- Provide strong technical and operational support to the product team supporting the Specialty underwriting division.
- Maintain strong relations with the underwriting teams within the Specialty division, with key responsibilities in pricing and reserving activities. This will include large account pricing, pricing tool validation and reserving, as well as planning and capital model parameterisation.
- Own various core processes to produce deliverables for external purposes.
- Provide assistance to the wider Markel International Actuarial team.
Our must-haves:
- Ability to engage senior stakeholders and form effective relationships with stakeholders, including Finance, Underwriting, Capital etc.
- Ability to work well within a team, including prioritising your workload and supporting the team when needed.
- Be proficient in a wider variety of actuarial subject areas relating to both pricing and reserving fields.
- Have experience of engaging with senior underwriters in delivering results, running technical projects to produce analyses for portfolio management and presenting at formal meetings with senior management.
- Have an understanding of the actuarial elements of business planning and parameterisation of underwriting and reserve risk.
- Be present in the London office at least two days a week.
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.
We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further
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.
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part? 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.
Senior Actuarial Analyst / Actuary in London employer: Markel Service, Incorporated
Markel International is an exceptional employer that fosters a collaborative and innovative work culture, where you can make a significant impact on global reserving strategies. With a strong emphasis on professional development, employees are encouraged to grow through mentorship and cross-functional collaboration, all while enjoying the vibrant atmosphere of London and the flexibility of hybrid working arrangements.
Contact Details:
Markel Service, Incorporated Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst / Actuary in London
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We think you need these skills to ace Senior Actuarial Analyst / Actuary in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Markel Service, Incorporated.
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How to prepare for a job interview at Markel Service, Incorporated
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Markel Service, Incorporated to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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As a full-timer at Markel Service, Incorporated, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
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Understanding Markel Service, Incorporated's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
