At a Glance
- Tasks: Deliver impactful reserving analysis and support transformation initiatives in a global actuarial team.
- Company: Join Markel, a Fortune 500 company with a collaborative and diverse culture.
- Benefits: Competitive salary, annual bonus, strong benefits, and 25 days holiday plus bank holidays.
- Other info: Flexible working patterns and opportunities for career development available.
- Why this job: Make a meaningful difference while shaping the future of Global Reserving.
- Qualifications: Degree in actuarial science or related field; proven actuarial experience required.
The predicted salary is between 60000 - 80000 £ per year.
Looking for a role that will have a meaningful impact in Actuarial? This role supports Global Reserving at Markel by delivering reserving analysis, reporting, and transformation initiatives, leveraging actuarial expertise, data analytics, and process improvement to enhance reserve insights, operational efficiency, and strategic decision-making across the organization.
The opportunity: This role offers a high-visibility opportunity to help shape the future of Global Reserving at Markel. Positioned within a global actuarial function, the role supports critical reserving execution while contributing to enterprise-wide transformation initiatives that improve consistency, efficiency, and insight across the corporation. For an actuarial professional seeking broader exposure, greater influence, and a more direct connection to corporate priorities, this position provides meaningful involvement in Global Re runoff reserving, reserve transformation, analytics, industry research, visualization of results, and communication with senior actuarial and business stakeholders. The role also supports important actuarial activities including internal and external audits, confidence-level analysis, IT and infrastructure projects, and development of scalable reserving solutions that strengthen decision-making across Markel.
What you’ll be doing:
- Reserving Operationalization
- Contribute to quarterly reserve close, reporting, and Reserve Committee materials
- Participate as needed in ResQ/MRD development, support, and testing
- Assist in development and implementation of embedded margin roll-off methodologies
- Reserve Transformation & Process Improvement
- Support and maintain initiatives to standardize and streamline reserving processes across Markel
- Assist in ERMS-based reserving enhancements, including MIICL/MISE solutions and data integration
- Contribute to simplification of reserving data structures and workflows (ResQ/MRD)
- Global Re Reserving Analytics
- Perform reserve reviews and monitoring, including adequacy, AvE, and embedded margin analysis
- Support development and maintenance of reserving tools and analytics (e.g., AvE, reserve performance tracking) that support visualization and communication
- Utilize actuarial and data tools including but not limited to ResQ, Excel, MRD, SQL, Python, & Alteryx
- Excellence in Non-Product Work
- Effectively communicating findings to Actuarial, Finance, Claims, Underwriting, and Executive Leadership, presenting analyses clearly and responding promptly to additional requests
- Support IBNR uploads, pre-close processes, and ERMS/Claims Centre initiatives
- Contribute to centralization of reserving activities and reduction of product-actuary dependency
- Provide support to broader global reserving (e.g., P&S, W&S, International) as needed
- Identify and support opportunities to improve efficiency through automation and AI
- Contribute to scalable solutions that enhance actuarial workflows and data quality
- Representing the Department on cross-functional teams
- Other actuarial work and Ad hoc requests from product line leaders and executive leadership
Our must-haves:
- Degree in actuarial science, mathematics, statistics, or a related discipline, or equivalent relevant experience
- Credentialed member of an internationally recognized actuarial association (for example CAS or IFoA)
- Proven actuarial experience, ideally in reserving or financial reporting
- Strong analytical, problem-solving, and communication skills
- Ability to translate technical findings into practical business insights
- Experience with actuarial and data tools (ResQ, Excel, MRD; SQL/Python/Alteryx preferred)
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 Specialist in London employer: Markel
Markel is an excellent employer, offering a dynamic work environment in London where innovation and collaboration thrive. Employees benefit from a competitive salary, annual bonuses, and a comprehensive benefits package that includes a fantastic pension scheme and health coverage. With a strong commitment to diversity and employee growth, Markel fosters a culture that encourages professional development and values contributions from all backgrounds.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Specialist in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Senior Actuarial Specialist 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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Markel
✨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 to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Markel, 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.
✨Know the Company Culture Inside Out
Understanding Markel'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.
