Reserving Actuary

Markel Corporation; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

25 days holiday

Company pension scheme

Private medical insurance

Job summary

Markel International is seeking a Reserving Actuary to shape reserving strategy, influence business decisions, and lead reserving activities within a global actuarial function. The role supports robust reserving, financial reporting and risk management across the international business, with hybrid work options and travel as needed, primarily based in London.

You will lead a team, develop new techniques, and partner with stakeholders worldwide to deliver high-quality results.

Qualifications

• Bring reserving expertise to the International actuarial team.
• Guide complex reserving issues with bespoke tooling.
• Lead and develop the wider actuarial team.
• Identify process and governance improvements within reserving.

Responsibilities

• Contribute to the efficient running of the reserving function for Markel International.
• Coordinate activities to ensure timely reserving and financial reporting.
• Develop technical approaches for reserving within International and collaborate globally.
• Maintain relationships with group actuarial, International Finance, ExCo, auditors and regulators.
• Lead reserving team members and coach the actuarial team.
• Support the wider Markel International Actuarial team and participate in global projects.

Skills

Reserving expertise

Leadership

Stakeholder management

Technical reserving

Influencing skills

Job description

Looking for a role where you can shape reserving strategy, influence key business decisions and drive best practice across a global actuarial function? The Reserving Actuary is responsible for supporting the delivery and continuous development of the reserving function for Markel International, providing technical expertise, leadership and insight to ensure robust reserving, financial reporting and risk management outcomes across the business. 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 32 that provide actuarial support to the international organisation, covering multiple geographical locations. The team is mainly based in London but can operate remotely or at other offices. We interact with almost all of the other departments based in London 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:

• Meaningful contribution to the efficient running of the reserving function for Markel International.
• Assisting in coordinating the activities of the wider department to ensure all reserving and financial reporting activities are carried out on time and to a high standard.
• Developing the technical approaches for reserving within International and working with the global actuarial operations team and global head of reserving to help develop new tools and techniques and suggesting new methods of operation within International and also globally.
• Maintain effective relationships with key stakeholders within the wider reserving and reporting universe. Particularly group actuarial, International Finance, International ExCo, auditors and regulators.
• Lead reserving team members and provide wider coaching and training to the broader actuarial team.
• Provide support to the wider Markel International Actuarial team, and get involved in global actuarial projects as appropriate.

Our must-haves:

• Bring reserving expertise into the International actuarial team.
• Helping the team respond to complex reserving issues and provide guidance and bespoke tooling to enable the reserves to be set appropriately.
• Possess the skills to manage and engage the wider actuarial team to ensure reserving and parameterisation exercises are completed on time and to a high quality.
• Identify and implement improvements to process and governance around the reserving function and required deliverables.
• Effectively work within and influence a team, including prioritising your and the team’s workloads to meet and handle internal and external deadlines.
• Be a recognised guide in the application of reserving methods, techniques and requirements.
• Keep up to date with emerging trends, tools and techniques within the wider external market.
• Be present in the London office at least two days a week.

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?

• 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

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

There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

We are happy to consider candidates who are looking for flexible working patterns.

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 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.