Pensions Scheme Actuary - Flexible Working

Pensions Scheme Actuary - Flexible Working

Full-Time 59400 - 72600 £ / year (est.) Hybrid
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At a Glance

  • Tasks: Shape reserving strategy and influence key business decisions in a global actuarial function.
  • Company: Join Markel, a Fortune 500 company with a collaborative and diverse culture.
  • Benefits: Great salary, annual bonus, 25 days holiday, and strong benefits package.
  • Other info: Flexible working options available and opportunities for career growth.
  • Why this job: Make a real impact while developing your skills in a supportive environment.
  • Qualifications: Experience in actuarial roles and strong leadership skills.

The predicted salary is between 59400 - 72600 £ per year.

Looking for a role where you can shape reserving strategy, influence key business decisions and drive best practice across a global actuarial function? The Reserving Actuary is responsible for supporting the delivery and continuous development of the reserving function for Markel International, providing technical expertise, leadership and insight to ensure robust reserving, financial reporting and risk management outcomes across the business.

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.

We are a team of 32 that provide actuarial support to the international organisation, covering multiple geographical locations. The team is mainly based in London but can operate remotely or at other offices. We interact with almost all of the other departments based in London as well as colleagues in the US and in other worldwide locations. We travel as necessary, particularly for office visits and conferences (both internally and externally).

  • Assisting in coordinating the activities of the wider department to ensure all reserving and financial reporting activities are carried out on time and to a high standard.
  • Developing the technical approaches for reserving within International and working with the global actuarial operations team and global head of reserving to help develop new tools and techniques and suggesting new methods of operation within International and also globally.
  • Lead reserving team members and provide wider coaching and training to the broader actuarial team.
  • Provide support to the wider Markel International Actuarial team, and get involved in global actuarial projects as appropriate.
  • Bring reserving expertise into the International actuarial team, helping the team respond to complex reserving issues and provide guidance and bespoke tooling to enable the reserves to be set appropriately.
  • Possess the skills to manage and engage the wider actuarial team to ensure reserving and parameterisation exercises are completed on time and to a high quality.

Be present in the London office at least two days a week.

Markel Group (NYSE - MKL) is 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 including:

  • 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! 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.

Pensions Scheme Actuary - Flexible Working 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.

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Contact Details:

Markel Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Pensions Scheme Actuary - Flexible Working

✨Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

✨Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Markel). A thoughtful message explaining your interest can really make a difference!

✨Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

✨Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Markel. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace Pensions Scheme Actuary - Flexible Working

Reserving Strategy Development
Financial Reporting
Risk Management
Technical Expertise in Actuarial Science
Leadership Skills
Coaching and Training
Project Coordination

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.