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Head of Actuarial Pricing

2 months ago


London, Greater London, United Kingdom Markel Corporation Full time
Position Overview

As the Director of Actuarial Pricing at Markel Corporation, you will play a pivotal role in steering the Actuarial Pricing team towards achieving strategic objectives. Your leadership will involve setting clear goals, managing resources effectively, prioritizing tasks, and ensuring the quality of key deliverables.

Key Responsibilities
  • Lead the Actuarial Pricing team, providing guidance and support to ensure alignment with organizational goals.
  • Oversee the comprehensive analysis of regional performance and evaluate the profitability of various product lines.
  • Design and implement innovative pricing systems and rating plans to foster business growth while maintaining financial stability.
  • Supervise the valuation of liabilities and the calculations of reserve estimates, ensuring accuracy and compliance.
  • Utilize statistical data to generate reliable risk assessments through advanced actuarial techniques.
  • Communicate actuarial findings clearly to both technical and non-technical stakeholders.
  • Document methodologies, assumptions, and results of actuarial analyses for transparency and future reference.
  • Act as a subject matter expert within the actuarial department, providing insights and support across various functions.
  • Maintain awareness of industry trends and best practices in pricing and portfolio management.
  • Contribute to the development of Solvency II Opinion reports, focusing on reinsurance arrangements and underwriting policies.
Qualifications

The ideal candidate will possess substantial experience in technical pricing, including case pricing for large accounts and the development of rating models. Experience in portfolio management and the establishment of relevant metrics is essential. A strong background in the actuarial aspects of business planning and risk parameterization is required, along with the ability to collaborate effectively with departments such as Finance and Underwriting.

Benefits

Markel Corporation offers a competitive salary along with an annual bonus and a comprehensive benefits package, which includes:

  • ~25 days of paid vacation plus public holidays, with options to buy or sell additional leave.
  • A robust pension scheme, private medical and dental insurance, life assurance, and travel insurance.
  • Income protection and a season ticket loan, among other attractive benefits.
  • Flexible working arrangements to accommodate diverse needs.

Markel Corporation is committed to fostering a diverse and inclusive workplace. We do not discriminate based on race, religion, gender, or any other status, and we ensure reasonable accommodations for individuals with disabilities throughout the application and interview process.