Senior Actuary, Pricing

Markel Corporation; London; Hybrid; GBP 50,000 - 90,000; Full time

Job summary

Join a dynamic Actuarial Pricing team at a Fortune 500 company where your contributions will have a meaningful impact. In this role, you will leverage your expertise in technical pricing and stakeholder management to enhance pricing strategies and support business planning processes. With a collaborative environment and opportunities for professional growth, this position offers a chance to work alongside a global community of optimists and problem-solvers. Enjoy a competitive salary, annual bonuses, and a comprehensive benefits package while making a difference in the world of insurance and reinsurance. If you're ready to take the next step in your career, this is the opportunity for you.

Benefits

Annual bonus

25 days paid holiday

Company pension scheme

Private medical and dental cover

Life assurance

Income protection

Travel insurance cover

Season ticket loan

Qualifications

• Substantial experience in technical pricing and large account case pricing.
• Experience in actuarial business planning and stakeholder engagement.

Responsibilities

• Contribute to pricing and profitability for the Actuarial team.
• Provide technical expertise on pricing tools and large accounts.

Skills

Technical Pricing

Portfolio Management

Stakeholder Management

Actuarial Business Planning

Pricing Tool Validation

Education

Degree in Actuarial Science or related field

Tools

Actuarial Software

Excel

Job description

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

We are looking for an individual to be a key contributor within our Actuarial Pricing team.

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 organization, covering multiple geographical locations. The team is mainly based in London, but can operate remotely or from 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:

1. Contribute significantly to all aspects of the Markel International Actuarial team that relate to pricing and profitability, including large account pricing, pricing tool validation and internal and regulatory pricing reporting.
2. Provide technical expertise to the rest of the actuarial team in relation to large account pricing and pricing tool validation.
3. Contribute to the annual business planning process, as well as the parameterization of underwriting risk.
4. Provide support to the wider Markel International Actuarial team.

Our must-haves:

• Substantial experience of technical pricing, including case pricing large accounts and rating model development.
• Experience of portfolio management monitoring and development of associated metrics.
• Experience in the actuarial elements of business planning and parameterization of underwriting risk, including interacting with other departments including Finance, Underwriting, Capital, etc.
• Able to manage and engage stakeholders and create effective relationships with stakeholders.
• Aware of the latest market practice and developments in the field of technical pricing for wholesale business and aware of pricing techniques in other markets.
• Effectively manage your workload.
• Contribute to the writing of the Actuarial Function Solvency II Opinion reports (Opinion on Reinsurance Arrangements and Opinion of Underwriting Policy).

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.

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.
• Countless opportunities to learn new skills and develop in your career with 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.