At a Glance
- Tasks: Provide advanced actuarial analyses and support strategic underwriting decisions.
- Company: Join Markel, a Fortune 500 company with a global community of optimists.
- Benefits: Competitive salary, annual bonus, strong benefits, and 25 days holiday.
- Other info: Flexible working options and commitment to diversity and inclusion.
- Why this job: Make a meaningful impact while developing your career in a dynamic environment.
- Qualifications: Experience in actuarial disciplines and strong communication skills required.
The predicted salary is between 50000 - 70000 £ per year.
Looking for a role that will have a meaningful impact on the strategic underwriting decisions our business makes? The primary purpose of this position is to provide advanced actuarial analyses, based upon generally accepted actuarial principles, and to provide guidance and support to junior Actuaries. The completed analyses will be used by internal stakeholders for data-based decision making. These analyses may relate to various areas of actuarial expertise, including: Pricing, Reserving, Reinsurance, Corporate Reporting, or combinations of these areas. At this level, strong communication skills are essential.
What part will you play? 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 necessary, particularly for office visits and conferences (both internally and externally).
The primary purpose of this position is to provide advanced actuarial analyses and serve as a subject matter expert on actuarial principles and concepts. This role provides guidance to non-actuarial stakeholders, represents the department on cross-functional teams, prepares and presents actuarial findings, and supports corporate goals and principles through effective communication and knowledge sharing. Strong communication and stakeholder engagement skills are essential.
What you’ll be doing:
- Provide strong technical and operational support to the leader of the product team supporting the specified underwriting divisions, specifically – helping to manage resource, prioritising your and the team’s work, giving support to the rest of the product team and reviewing key deliverables.
- Maintain strong relations with the underwriting teams within the specified divisions, providing support in reserving and pricing activities. The role will be primarily focussed on reserving but will also include large account pricing, pricing tool validation, business planning and capital model parameterisation.
- Line manage a junior actuarial student (if applicable).
- Own various core processes to produce deliverables for external purposes.
- Provide support to the wider Markel International Actuarial team.
Our must-haves:
- Be able to manage and engage senior stakeholders and create effective relationships with stakeholders, including Finance, Underwriting, Capital, Reinsurance, Claims etc.
- Effectively work within and influence a team, including prioritising your and the team’s workloads.
- Be proficient in a wider variety of actuarial disciplines 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 experience in 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? 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.
Actuary in London employer: Markel
Markel Group is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are encouraged to grow and develop their skills. With a strong focus on employee well-being, we offer a competitive salary, generous benefits, and the flexibility to work in a hybrid environment, allowing you to balance your professional and personal life effectively. Join our diverse team in London, where your contributions will have a meaningful impact on strategic decisions and help shape the future of our global operations.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
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.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Markel. 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 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.
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'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
✨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.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Markel 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 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.
