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 [email protected] 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.
#LI-Hybrid #PlayYourPartUK
Skills Required
- Ability to manage and engage senior stakeholders and create effective relationships with Finance, Underwriting, Capital, Reinsurance, Claims
- Effectively work within and influence a team, prioritise own and team's workloads
- Proficiency across actuarial disciplines relating to both pricing and reserving
- Experience engaging with senior underwriters, running technical projects, and presenting analyses to senior management
- Experience in actuarial elements of business planning and parameterisation of underwriting and reserve risk
- Present in the London office at least two days a week
Markel Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Markel and has not been reviewed or approved by Markel.
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Healthcare Strength — Comprehensive coverage includes medical, prescription, dental, vision, and telehealth, complemented by company-sponsored wellness programs and free fitness/mindfulness apps. Feedback suggests expanded mental-health resources and wellness incentives further enhance support.
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Retirement Support — Retirement offerings include 401(k) and other financial protections that can add meaningful long-term value. Feedback suggests strong company matching and retirement contributions are a notable part of the package.
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Leave & Time Off Breadth — A broad suite includes paid time off, corporate holidays, parental leave, hybrid work, volunteer time, and education support. Feedback suggests PTO accrual grows with tenure and can include an option to buy extra days.
Markel Insights
What We Do
At Markel, we believe in hard work, a zealous pursuit of excellence, and fairness in all our dealings. Markel Corporation (NYSE: MKL) is a global Fortune 500 company headquartered in Richmond, Virginia. We seek to be a leader in each of our pursuits, with insurance being our primary business. As a market leader for specialty insurance, reinsurance, and investment operations around the world, Markel embodies integrity, commitment, teamwork, and innovation in every day operations. We are encouraged to look for a better way to do things. Since our founding in 1930, we have sought to know our customers’ needs and to provide quality products and service. Markel specializes in providing coverage for hard-to-place risks for a variety of niche markets including: • Agricultural and equine risks • Reinsurance for large risk enterprises such as oil rigs • Event cancellation insurance for weddings, concerts, and sporting events • Inland marine coverage for fine art collections • Environmental pollution • Yachts, ATVs, and motorcycles At Markel we provide an atmosphere in which people can reach their personal potential. We are results-oriented, and we continually strive for a better way to do things. The Markel approach is one of spontaneity and flexibility. Markel helps employees balance work and social activities. Markel gives you the keys to success! Keeping an open mind and learning new skills allows our associates to stay ahead of the marketplace. Above all, we enjoy what we are doing. There is excitement here that comes from innovating, creating, striving for a better way, sharing success with others…winning. That is the Markel Style.
