At a Glance
- Tasks: Shape the UK portfolio by analysing performance and calibrating pricing models.
- Company: Dynamic insurance company with a focus on innovation and analytics.
- Benefits: Great salary, 25% annual bonus, hybrid working, and visibility with senior leadership.
- Other info: Opportunity to build a new function and develop a growing portfolio management capability.
- Why this job: Influence growth strategy through analytics and make a real impact in the business.
- Qualifications: Qualified Actuary with experience in insurance pricing and strong analytical skills.
The predicted salary is between 58540 - 71548 £ per year.
In this role you will shape the UK portfolio by calibrating pricing models and analyzing performance to drive profitability. You’ll partner with Underwriters, Distribution Leaders and executives to translate data into commercial decisions, building new analytical capabilities and portfolio management frameworks. This position sits at the heart of the business, offering visibility with senior leadership and a chance to influence growth strategy through analytics and AI-enabled decision making.
Pay / Benefits
- great salary
- 25% annual bonus
- hybrid working (3 days in office / 2 days home)
- opportunity to build new function
- visibility with senior leadership
Responsibilities
- Lead pricing model calibration and portfolio analysis across multiple product lines
- Deliver strategic insights to influence underwriting and growth decisions
- Analyze portfolio performance, identify trends and recommend profitability actions
- Support pricing of new products, schemes and delegated authority business
- Partner with Underwriters to understand performance drivers and opportunities
- Develop dashboards, MI and analytical tools for decision-making
- Contribute to Quarterly Business Reviews and portfolio strategy discussions
- Help build and develop a growing portfolio management capability in the UK
Key requirements
- Qualified Actuary status
- Significant experience in insurance pricing and portfolio management
- Proven experience calibrating and developing pricing models
- Strong analytical and data manipulation skills
- Experience using SQL, Databricks, Python or similar tools
- Ability to work autonomously and own complex projects
- Outstanding communication and influencing skills
- Experience translating technical insights into business recommendations
- Commercial lines experience preferred or strong pricing expertise with a commercial mindset
Portfolio Manager 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.
StudySmarter Expert Advice🤫
We think this is how you could land Portfolio Manager
✨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 Portfolio Manager
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.
