Meet Markel:
Welcome to Markel where we take great pride in what we do. To us, insurance isn’t just a policy - it’s a vital promise that gives people and businesses the confidence to move forward, each and every day. Here, you’ll find exceptional people, without the ego. People who’ll bring out your best, and support you at every step, because it’s who we are and the secret to our success.
We are a leading global speciality insurer with a truly people first-approach. With over 5,000 employees across the globe, finding creative solutions for complex risks is our passion. And our broad array of tools and knowledge allows us to create tailored coverage solutions for even the most complex needs.
Our international business is made up of two core divisions: Wholesale and National Markets, through these we offer innovative products and services. Our international business is located throughout UK, Europe, Canada and Asia Pacific.
We pride ourselves on having accessible leadership, an inclusive culture and a focus on empowerment- we call this The Markel Style. This is brought to life through our employee led networks via ‘People with Style’, which are centred around inclusion, community, wellbeing and recognition.
Markel Group (NYSE – MKL) is 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’ve come a long way since Sam Markel dreamed big in 1930, but in our eyes, our journey is just getting started. Come see what you can achieve by applying for one of our open vacancies.
We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further
The Opportunity:
An exciting opportunity has come up to join Markel International’s Actuarial team as a sandwich-year student for 13 months. The successful candidate will be an integral team member and will be given exposure to a wide range of actuarial related tasks. The Actuarial team of 38, provide actuarial support to Markel International in the following areas: pricing, business planning, reserving, capital modelling and regulatory reporting. Markel International rely heavily on actuarial input in all aspects of the financial management of the business. The mission of the Actuarial department is to assist Markel International in achieving consistent underwriting profit and superior financial results.
What you’ll be doing:
Within the programme you will:
- Support completion of divisional combined ratio packs as part of the quarterly reserving process.
- Assist with the production of Actuarial statistics to other internal departments within Markel International.
- Assist with risk pricing analysis to support profitability.
- Plan and parameterise insurance risk in the capital model.
- Assist with the production of year-end reports, year-end returns and US Trust Fund calculations.
- Assist with core tasks that support the overall department workload and strategy.
- Support and be proactive with the enhancement of internal processes.
- Attend regular check-ins to review performance so that you have every opportunity to progress and gain more autonomy within your role.
What’s in it for you?
- You’ll get support every step of the way – we know that starting out in a new role and industry can be daunting but Markel’s ego-free environment gives you all the support that you need to go further and achieve great things.
- A genuine culture of camaraderie - at Markel, our shared values aren’t buzzwords. We really mean what we say in the Markel Style, and walk the talk, every day.
- Enjoy your free coffee as you admire 360 degree views of London from our office on the 26th floor of the Walkie Talkie building!
- Be part of our growing early careers community – through 121 buddy support, socials and other events you will have every opportunity to network and build great relationships with your peers both inside and outside of Markel.
- Competitive starting salary with an excellent package - including; private medical insurance, financial education, hybrid work structure, gym discounts, cycle-to-work scheme, motor breakdown cover, income protection and additional countless benefits that will be shared at the first stage of the process!
Our must-haves:
Markel are looking for candidates who:
- Are inquisitive undergraduates who are curious about the insurance world.
- Who aspire to become an Actuary with a commitment to becoming a student of the Institute and Faculty of Actuaries.
- Are patient, proactive, resilient and committed undergraduates who are eager to learn from experienced peers.
- Are confident working with data to formulate calculations related to the task at hand.
- Are collaborative, love building relationships, bring out the best in others and make our culture the stuff of envy.
- Are organised and dedicated undergraduates who can self-manage their workload effectively to ensure they see results.
- Are strong problem solvers who target a high level of accuracy when making decisions.
- Are self-motivated, driven individuals with a willingness to hit and overachieve targets.
- Are IT literate individuals familiar with using Microsoft office packages such as Word and Excel.
- Are penultimate year university students.
- Have achieved A grade or higher in Mathematics A Level and are projected 2:1 (or above) in any degree discipline or projected 2:1 (or above) in a numerate degree.
