This role supports Global Reserving at Markel by delivering reserving analysis, reporting, and transformation initiatives, leveraging actuarial expertise, data analytics, and process improvement to enhance reserve insights, operational efficiency, and strategic decision-making across the organization.
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:
This role offers a high-visibility opportunity to help shape the future of Global Reserving at Markel. Positioned within a global actuarial function, the role supports critical reserving execution while contributing to enterprise-wide transformation initiatives that improve consistency, efficiency, and insight across the corporation. For an actuarial professional seeking broader exposure, greater influence, and a more direct connection to corporate priorities, this position provides meaningful involvement in Global Re runoff reserving, reserve transformation, analytics, industry research, visualization of results, and communication with senior actuarial and business stakeholders. The role also supports important actuarial activities including internal and external audits, confidence-level analysis, IT and infrastructure projects, and development of scalable reserving solutions that strengthen decision-making across Markel.
What you’ll be doing:
Reserving Operationalization
Contribute to quarterly reserve close, reporting, and Reserve Committee materials
Participate as needed in ResQ/MRD development, support, and testing
Assist in development and implementation of embedded margin roll-off methodologies
Reserve Transformation & Process Improvement
Support and maintain initiatives to standardize and streamline reserving processes across Markel
Assist in ERMS-based reserving enhancements, including MIICL/MISE solutions and data integration
Contribute to simplification of reserving data structures and workflows (ResQ/MRD)
Global Re Reserving Analytics
Perform reserve reviews and monitoring, including adequacy, AvE, and embedded margin analysis
Support development and maintenance of reserving tools and analytics (e.g., AvE, reserve performance tracking) that support visualization and communication
Utilize actuarial and data tools including but not limited to ResQ, Excel, MRD, SQL, Python, & Alteryx
Excellence in Non-Product Work
Effectively communicating findings to Actuarial, Finance, Claims, Underwriting, and Executive Leadership, presenting analyses clearly and responding promptly to additional requests
Support IBNR uploads, pre-close processes, and ERMS/Claims Centre initiatives
Contribute to centralization of reserving activities and reduction of product-actuary dependencyProvide support to broader global reserving (e.g., P&S, W&S, International) as needed
Identify and support opportunities to improve efficiency through automation and AI
Contribute to scalable solutions that enhance actuarial workflows and data qualityRepresenting the Department on cross-functional teams
Other actuarial work and Ad hoc requests from product line leaders and executive leadership
Our must-haves:
Degree in actuarial science, mathematics, statistics, or a related discipline, or equivalent relevant experience
Credentialed member of an internationally recognized actuarial association (for example CAS or IFoA)
Proven actuarial experience, ideally in reserving or financial reporting
Strong analytical, problem-solving, and communication skills
Ability to translate technical findings into practical business insights
Experience with actuarial and data tools (ResQ, Excel, MRD; SQL/Python/Alteryx preferred)
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
- Degree in actuarial science, mathematics, statistics, or related discipline (or equivalent experience)
- Credentialed member of an internationally recognized actuarial association (e.g., CAS or IFoA)
- Proven actuarial experience, ideally in reserving or financial reporting
- Strong analytical, problem-solving, and communication skills
- Ability to translate technical findings into practical business insights
- Experience with actuarial and data tools: ResQ, Excel, MRD
- Experience with SQL, Python, or Alteryx
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.
