Pricing Transformation Actuary

Markel Corporation; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Holiday entitlement 25 days + bank

Pension scheme

Private medical and dental cover

Life insurance

Travel insurance

Income protection

Season ticket loan

Job summary

Markel Group is seeking a Pricing Transformation Actuary to develop and enhance pricing models across Markel International, collaborating with underwriters and actuarial specialists to deliver pricing solutions that improve business decisions. The IPA team focuses on pricing transformation, data analytics, AI enablement and modernization of pricing platforms.

You’ll work on pricing frameworks, model enhancements and analytics, with exposure to HX and data-driven insights, expanding ownership of

Qualifications

• Experience developing, enhancing or supporting pricing models, ideally in insurance pricing or related analytical subject.
• Strong analytical and problem‑solving skills with pricing data.
• Proficiency in at least one coding language and ability to learn Python.
• Ability to engage effectively with underwriters and business partners.
• Clear communication skills to explain technical concepts plainly.
• Interest in AI, automation and modern analytical tooling.

Responsibilities

• Develop, deliver and maintain pricing frameworks for underwriting and portfolio decisions.
• Collaborate with actuaries and underwriters to translate pricing challenges into solutions.
• Own pricing models or components of the Pricing Transformation roadmap.
• Enhance pricing models on the Hyperexponential (HX) platform with supporting tools.
• Analyze pricing data and develop model analytics to evaluate performance and calibration.

Skills

Pricing modeling

Analytical reasoning

Python

Stakeholder engagement

Communication

Coding literacy

Education

Actuarial exposure

Tools

Hyperexponential (HX)

Job description

Looking for an opportunity to combine pricing, analytics, technology and business engagement while helping shape the future of underwriting? We're seeking a Pricing Transformation Actuary to support the development and enhancement of pricing models across Markel International, working closely with underwriters and actuarial specialists to deliver innovative pricing solutions that drive better business decisions. 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:

The International Portfolio Analytics (IPA) team partners with underwriters across Markel International, bringing together expertise in Pricing Transformation, Portfolio Management, Catastrophe & Exposure Management, Data Analytics & Insights, and AI Enablement. We develop innovative pricing capabilities, data-driven solutions and technology that help strengthen underwriting decisions and business performance. Working closely with teams across Underwriting, IT, Change & Delivery and Analytics, we're driving the adoption of modern tools and platforms, including Hyperexponential (HX), to support Markel's future growth. As a Pricing Transformation Actuary, you'll help develop, improve and sustain pricing models that support underwriting decisions across Markel International. Working alongside underwriters, actuarial colleagues and pricing change experts, you'll deliver practical solutions that improve performance and operational efficiency. This is a hands-on role offering exposure to pricing, analytics, technology and business engagement, with the opportunity to take increasing ownership of key models and transformation initiatives as your experience grows.

What you’ll be doing:

• Develop, deliver and maintain pricing frameworks that assist underwriting and portfolio decision making.
• Work closely with business partner actuaries and underwriting to understand pricing challenges and translate requirements into practical solutions.
• Take ownership for specific pricing models, model enhancements or components of the Pricing Transformation roadmap.
• Develop and improve pricing models on the Hyperexponential (HX) platform, supported by Excel, analytical tooling and appropriate technologies.
• Analyse pricing data and develop model analytics that evaluate model performance, identify areas for improvement and support calibration activities.
• Support calibration, testing, validation, documentation and ongoing enhancement of pricing models.
• Collaborate with Portfolio Management, DAI, the AI Centre of Enablement, Change & Delivery and IT to support integrated business solutions.
• Find opportunities to improve pricing capabilities, operational practices and underwriting outcomes through better use of data, analytics and technology.
• Use AI-enabled tools and modern ways of working to improve productivity, insight generation and delivery effectiveness.
• Provide knowledge sharing, best practice development and the support of graduates and junior colleagues where appropriate.

Our must-haves:

• Experience developing, enhancing or supporting pricing models, ideally in insurance pricing or a related analytical subject area.
• Strong analytical and problem‑solving skills, with the ability to work with pricing data and draw practical conclusions.
• Proficient in at least 1 coding language with transferable skills to pick up Python, experience using code to go beyond basic Excel capabilities in working context or personal projects.
• Ability to engage effectively with underwriters and business partners, understanding their priorities and translating them into practical model improvements.
• Clear communication skills, including proficiency in explaining technical concepts in plain language.
• Curiosity, ownership and a growth mindset, with the desire to develop breadth across pricing, analytics, technology and transformation.
• Capable of collaborating effectively with senior Pricing Transformation specialists, actuaries and technical colleagues.
• Desirable: Familiarity with Hyperexponential (HX) or similar pricing platforms.
• Exposure to actuarial work or study is helpful where it demonstrates insurance knowledge.
• No specific level of actuarial exam passes are required.
• Coding literacy or experience with analytical technologies.
• Python skills can be learned on the job so prior knowledge to accelerate adoption are preferred but not required.
• Experience working with coders, developers or technical specialists to deliver analytical or technology-enabled solutions.
• Experience supporting transformation, operational improvement or technology-enabled change initiatives.
• Interest in AI, automation and modern analytical tooling.

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?

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.