Looking for an opportunity to combine pricing, analytics, technology and business engagement while helping shape the future of underwriting? We're seeking a Pricing Transformation Actuary to support the development and enhancement of pricing models across Markel International, working closely with underwriters and actuarial specialists to deliver innovative pricing solutions that drive better business decisions. 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. The International Portfolio Analytics (IPA) team partners with underwriters across Markel International, bringing together expertise in Pricing Transformation, Portfolio Management, Catastrophe & Exposure Management, Data Analytics & Insights, and AI Enablement. We develop innovative pricing capabilities, data-driven solutions and technology that help strengthen underwriting decisions and business performance. As a Pricing Transformation Actuary, you'll help develop, improve and sustain pricing models that support underwriting decisions across Markel International. Working alongside underwriters, actuarial colleagues and pricing change experts, you'll deliver practical solutions that improve performance and operational efficiency. This is a hands-on role offering exposure to pricing, analytics, technology and business engagement, with the opportunity to take increasing ownership of key models and transformation initiatives as your experience grows. Work closely with business partner actuaries and underwriting to understand pricing challenges and translate requirements into practical solutions. Take ownership for specific pricing models, model enhancements or components of the Pricing Transformation roadmap. Develop and improve pricing models on the Hyperexponential (HX) platform, supported by Excel, analytical tooling and appropriate technologies. Analyse pricing data and develop model analytics that evaluate model performance, identify areas for improvement and support calibration activities. Support calibration, testing, validation, documentation and ongoing enhancement of pricing models. Collaborate with Portfolio Management, DAI, the AI Centre of Enablement, Change & Delivery and IT to support integrated business solutions. Find opportunities to improve pricing capabilities, operational practices and underwriting outcomes through better use of data, analytics and technology. Strong analytical and problem-solving skills, with the ability to work with pricing data and draw practical conclusions. Proficient in at least 1 coding language with transferable skills to pick up Python, experience using code to go beyond basic Excel capabilities in working context or personal projects. Ability to engage effectively with underwriters and business partners, understanding their priorities and translating them into practical model improvements. Clear communication skills, including proficiency in explaining technical concepts in plain language. Curiosity, ownership and a growth mindset, with the desire to develop breadth across pricing, analytics, technology and transformation. Capable of collaborating effectively with senior Pricing Transformation specialists, actuaries and technical colleagues. Exposure to actuarial work or study is helpful where it demonstrates insurance knowledge. No specific level of actuarial exam passes are required. Coding literacy or experience with analytical technologies. Python skills can be learned on the job so prior knowledge to accelerate adoption are preferred but not required. Experience supporting transformation, operational improvement or technology-enabled change initiatives. 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. A great starting salary plus annual bonus & strong benefits package...25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leaveFantastic 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 offerThere are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that! 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. com or call us at 0161 507 5827 to request any accommodations that may be needed. LI-SH1#LI-Hybrid #PlayYourPartUKSummaryLocation: London - UKType: Full time
Student Placement Actuary in London employer: Markel
Markel is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive starting salary of £28,000 along with monthly bonuses and comprehensive benefits. Located in the vibrant city centre of Manchester, our supportive team environment fosters collaboration and success, making it an ideal place for those seeking a rewarding career in insurance sales without the hassle of late shifts.
