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.
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:
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).
What you’ll be doing:
- Meaningful contribution to the efficient running of the reserving function for Markel International. 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.
- Maintain effective relationships with key stakeholders within the wider reserving and reporting universe. Particularly group actuarial, International Finance, International ExCo, auditors and regulators.
- 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.
Our must-haves:
- 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.
- Identify and implement improvements to process and governance around the reserving function and required deliverables.
- Effectively work within and influence a team, including prioritising your and the team’s workloads to meet and handle internal and external deadlines.
- Be a recognised guide in the application of reserving methods, techniques and requirements. Keep up to date with emerging trends, tools and techniques within the wider external market.
- 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!
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.
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Skills Required
- Expertise in actuarial reserving, including handling complex reserving issues and setting appropriate reserves
- Ability to manage and engage the actuarial team to complete reserving and parameterization exercises on time and to a high standard
- Ability to identify and implement process and governance improvements for the reserving function
- Ability to influence and collaborate effectively within a team while prioritizing workloads and meeting deadlines
- Recognized expertise in applying reserving methods, techniques, and requirements
- Ability to keep current with emerging actuarial reserving trends, tools, and techniques
- Ability to work from the London office at least two days per 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.
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