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Actuary
Senior Actuary (Actuarial Analysis & Support) – London
About the Role
Looking for a role in which you can make a meaningful impact on the strategic underwriting decisions our business makes? This position is designed to provide advanced actuarial analyses, rooted in generally accepted actuarial principles, while offering guidance and mentorship to junior actuaries.
The completed analyses will empower internal stakeholders to make data-driven decisions across core actuarial fields, including:
- Pricing
- Reserving
- Reinsurance
- Corporate Reporting
- or a combination of these areas
Your work will ensure the business builds confidence in terms of risk, pricing and financial stability.
The Opportunity
You will join a dynamic team of 33 actuarial professionals supporting Markel’s International organisation across multiple geographical locations. While the team operates primarily in London, the role is flexible, blending remote and office work for collaboration with Markel’s global offices and US-based colleagues.
Core Responsibilities
- Conduct advanced actuarial analyses and act as a subject matter expert in actuarial principles and concepts
- Guide non-actuarial stakeholders with technically sound advice, represent the department on cross-functional teams, and ensure findings are presented effectively
- Support corporate objectives through clear communication and knowledge sharing
Key Tasks
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Provide technical and operational support to the product leader, including:
- Resource management and workload prioritisation
- Reviewing key deliverables
- Supporting the product team
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Maintain strong relationships with underwriting divisions:
- Liaise on large account pricing, pricing tool validation, reserving, and capital model parameterisation
- Challenge and support pricing and reserving activities
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- (If applicable) Line-manage a junior actuarial student
- Own core processes that deliver key external outputs
- Offer support to the broader Markel International Actuarial team
Qualifications & Must-Haves
To thrive in this role, you’ll need:
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Keen ability to manage and engage senior stakeholders, including Finance, Underwriting, Capital, Reinsurance, and Claims
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Proven track record of effective team collaboration, including workload prioritisation
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Proved proficiency across multiple actuarial disciplines, particularly in pricing and reserving fields
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Hands-on experience in:
- Engaging with senior underwriters to deliver technical results
- Coordinating projects producing portfolio-management analyses
- Presenting to executives in formal settings
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Insight into actuarial elements of business planning as well as parameterisation related to underwriting and reserve risk
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Commitment to in-office presence (admin requirement: minimum of two London office days per week)
About Markel
Markel Group (NYSE – MKL), a Fortune 500 company headquartered in the US with 60+ offices across 20+ countries, operates in the insurance, reinsurance, and financial advisory spaces. We thrive on our collective culture of collaboration, equal opportunity, purpose, and growth.
We believe in: ✔ People before profits – we win together as a team ✔ Progress over perfection – we’re committed to continuous improvement ✔ Building a community – we enjoy everyday work driven by passion ✔ Future-thinking – we challenge ourselves daily to progress
Benefits & Rewards
Your commitment to this crucial role is rewarded with:
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- Competitive salary + competitive annual bonus
- Generous benefits package: 25 paid holiday days + Bank Holidays, with buy/sell holiday options
- Exceptional employee support: robust pension scheme, private medical and dental, life assurance, travel insurance, income protection, plus a fabulous season ticket loan
- Lifelong learning with countless opportunities for career development and skill enhancement
Diversity & Inclusion
We celebrate and embrace a diverse workforce, enriching all we do with a wide array of experiences and perspectives. Your background does not limit you – if this role resonates with your skills and experiences, we want to hear from you.
Markel also enthusiastically considers candidates interested in flexible working patterns, ensuring we cater to all who can contribute our way. As an equal opportunity employer, it’s fundamental to us to value diversity and dismantle equality barriers in why we acknowledge and honour staff victories and contributions across the globe. No applicant will be evaluated on race, religion, color, national origin, sex, gender identification/expression, sexual orientation, age, marital, or veteran status, or disability status. Markel operates in equal opportunity and is committed to ensuring all possibilities through accommodations, including those necessary to complete application requests like assistance available, including convert it to online/offline or even communicating through various formats for those who need other avenues to say hello.
Ready to play your part? Start now by clicking [Apply].
Contact accommodations requests can be directed to rec@markel.com or call 0161 507 5827 for alternative options.
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