Assistant Actuarial Analyst

Markel; London; On-site; GBP 35,000 - 45,000; Full time

Job summary

Join a global team at Markel as an Actuarial Analyst where you'll engage in pricing, reserving, and planning tasks. This entry-level position offers the opportunity to develop your actuarial skills while contributing to impactful projects. Embrace a culture of collaboration and continuous learning, all while working within a supportive environment that values diversity and provides robust benefits.

Benefits

Annual bonus

25 days paid holiday plus Bank Holidays

Company pension scheme

Private medical and dental cover

Income protection

Season ticket loan

Qualifications

• Inquisitive and curious about the insurance sector.
• Aspiring Actuary committed to studying actuarial exams.
• Strong organizational skills and ability to self-manage workload.

Responsibilities

• Support creating quarterly reserving process reports.
• Conduct pricing analysis for profitability.
• Assist with year-end report production and solvency analysis.

Skills

Numeracy

Data Handling

Problem Solving

Communication

Teamwork

Education

Numerate Degree (2:1 or above)

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.
  
  

*Assessment day will be held Tuesday 8th July.*

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.

#PlayYourPartUK

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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