Reserving Actuary

1 week ago

London, United Kingdom Avencia Consulting Full time

**About Markel**:
Avencia Consulting are an RPO who provide a recruitment service to our client Markel International.

Markel Corporation (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.

In each of our businesses, we seek to deliver innovative products and adaptable customer service so that we can be a market leader. Our time horizon is long-term, our approach is disciplined, and our focus is on continuously improving the quality of thecustomer experience.

**Role Overview**:
The Actuarial Team of 25 provides actuarial support to MINT in the following areas: pricing, business planning, reserving, commutations, capital modelling and regulatory reporting. Markel rely heavily on actuarial input in all aspects of the financial managementof the business.

The mission of the Actuarial department is to assist MINT in achieving consistent underwriting profit and superior financial results by providing a high quality actuarial service.

This role is specific to reserving, but will involve touchpoints with aggregations, pricing, planning and capital model parameterisation.

**What you'll be doing**:

- Prepare divisional combined ratio packs as part of the quarterly reserving process and present them to the MINT Board and others, including both ongoing and discontinued business.
- Provide analysis and guidance to senior management to assist in the formulation of strategy on highlighted lines of business.
- Assist with development and mentoring of more junior members of the team.
- Plan and parameterise insurance risk in the capital model.
- Support reserving process enhancements.
- Assist with production of year-end reports and Trust Fund calculations.
- Support the Solvency II Technical Provisions process, with a view to modifying and improving the process.
- Be proactive with the improvement of internal processes.

**What we're looking for**:

- Be a qualified member of the Institute and Faculty of Actuaries.
- Have a numerate degree with a classification of 2:1 or above, or equivalent.
- Demonstrate knowledge and experience of working within the Lloyd's and London market.
- Have experience of supervising and/or handling actuarial students and reviewing their work.
- Have knowledge of reserving regulatory requirements.
- Have excellent IT skills - especially Excel, VBA and SQL

**What's in it for you**:

- A very competitive basic salary plus bonus & benefits
- 25 days' holiday plus Bank Holidays, with the opportunity to buy / sell extra leave
- Company matched pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, Green car benefit scheme, a cycle2work scheme, season ticket loan, Employee Assistance Programme (EAP), parental, adoption and sharedparental leave pay..and plenty more
- Voluntary benefits designed to suit your lifestyle - from discounts and cash back on retail and socialising, to health & wellbeing, travel and technology
- The possibility of working from both the office and from home (hybrid), flexible working or other options are available
- You'll get the chance to follow your chosen career path anywhere within Markel
- You'll be joining a global network of experienced, innovative and dedicated individuals across multiple teams and countries. There are countless opportunities to learn new skills and develop in your career, and we'll provide the support you need to do justthat

**What we hope you'll do next**:

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