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 holiday.
- Other info: Flexible working options and a commitment to diversity and inclusion.
- 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 63000 - 77000 £ 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!
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.
Senior Actuarial Analyst / Actuary in London employer: Markel Service
At Markel, we pride ourselves on being an exceptional employer, offering a dynamic work environment at our prestigious International HQ in London. As a Workplace Operations Manager, you'll not only lead a high-performing team but also play a pivotal role in shaping a first-class workplace experience that fosters employee engagement and innovation. With a strong focus on professional growth, collaboration, and sustainability, Markel provides the perfect platform for you to make a meaningful impact while enjoying a supportive and inclusive corporate culture.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst / Actuary in London
✨Tap into Campus Networks
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Markel Service. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Actuarial Analyst / Actuary in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Markel Service.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Markel Service's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Markel Service
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Markel Service.
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✨Show Your Passion for Finance
Since this is a full-time position, employers at Markel Service will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Markel Service employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
