Assistant Actuarial Analyst

Markel; London; Hybrid; GBP 30,000 - 50,000; Full time

Job summary

An established industry player is seeking a motivated individual to embark on their Actuarial career. This role offers the chance to support various functions such as pricing, reserving, and risk analysis within a collaborative team environment. You'll engage with diverse departments and contribute to impactful projects, all while developing your skills and knowledge in the actuarial field. With a strong emphasis on personal growth and a supportive atmosphere, this opportunity is perfect for those eager to learn and make a difference in the insurance sector.

Benefits

Annual bonus

25 days paid holiday

Company pension scheme

Private medical cover

Dental cover

Life assurance

Travel insurance

Income protection

Season ticket loan

Qualifications

• Strong analytical skills with a focus on accuracy and detail.
• Commitment to studying for actuarial exams and becoming an Actuary.

Responsibilities

• Support quarterly reserving process and assist with actuarial statistics.
• Conduct risk pricing analysis and assist with year-end reports.

Skills

Numerate degree

Data analysis

Problem-solving

Communication skills

Proactivity

Education

2:1 degree or equivalent

Tools

Microsoft Excel

Microsoft Word

Job description

Looking for a role that will have a meaningful impact in Actuarial?

We are looking for an individual who is looking to start their Actuarial career supporting across pricing, reserving, planning and parameterisation.

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 37 that provide actuarial support to the international organisation, covering multiple geographical locations. The team is mainly based in London but can operate remotely or other offices. We interact with almost all of the other departments 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:

• Support completion of divisional combined ratio packs and results as part of the quarterly reserving process.
• Assist with the production of Actuarial statistics to other internal departments within Markel International.
• Assist with risk pricing analysis to support profitability.
• Plan and parameterise insurance risk in the capital model.
• Assist with the production of year-end reports, year-end returns and US Trust Fund calculations.
• Analyse the solvency of clients based upon the ratios and thorough analysis, to ensure clients are able to pay off debts.
• Assist with core tasks that support the overall department workload and strategy.
• Support and be proactive with the enhancement of internal processes.
• Attend regular check-ins to review performance so that you have every opportunity to progress and gain more autonomy within your role.
• Commit to studying for actuarial exams.
• Be proactive in developing your own knowledge, relating to both technical and soft skills.

Our must-haves:

The successful candidate will:

• Have a numerate degree with a classification of 2:1 or above, or equivalent.
• Be inquisitive and are curious about the insurance world.
• Aspire to become an Actuary with a commitment to becoming a student at the Institute and Faculty of Actuaries.
• Be patient, proactive, resilient and hard-working and eager to learn from experienced peers.
• Be confident working with data to formulate calculations related to the task at hand.
• Be team-players that loves building relationships, bringing out the best in others and making our culture the stuff of envy.
• Be organised and dedicated, and who can self-manage their workload effectively to ensure they see results in a timely way.
• Be strong problem solvers who target a high level of accuracy when making decisions.
• Be self-motivated, driven individuals with a willingness to hit and overachieve targets.
• Be IT literate individuals familiar with using Microsoft office packages such as Word and Excel.
• Have well-developed communication skills in order to interact well within the team, with underwriters, the finance team and senior management.

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 [e-mail] 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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