Markel Corp

Senior Actuarial Analyst/Actuary

Markel Corp$78K — $159K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in mathematics, statistics, or analytical fields required
  • 3-6 years of actuarial experience in a commercial insurer preferred
  • Commitment to pursuing Associate or Fellowship designation in the Casualty Actuarial Society; newly qualified candidates preferred
  • Strong project and time management skills
  • Excellent communication skills, with critical thinking ability

Responsibilities

  • Conduct research and analysis for evaluating business lines and establishing pricing strategies
  • Investigate and provide insights on new business opportunities
  • Forecast reserve estimates quarterly
  • Communicate findings effectively to various stakeholders
  • Mentor junior actuaries and facilitate professional growth
  • Monitor and report on rate changes
  • Represent the actuarial department on cross-functional teams

Benefits

  • Opportunity to influence management decisions with actuarial insights
  • Mentorship role as a resource for junior team members
  • Engagement with diverse teams across the company
  • Focus on professional growth within a supportive corporate culture
Full Job Description
We are expanding our actuarial team that supports Markel’s Programs and Solutions Division. This new opportunity will deliver actuarial insights and analyses to our MGA Programs Business Unit. This role will have a range of responsibilities, from reserving to loss ratio projections to assessing the profitability of new business opportunities. This is a key hire that will be able to influence management towards courses of actions that have a positive impact on underwriting, portfolio management, and profitability. We are also looking for someone who will provide guidance and direction to junior level actuaries on the team. Job Responsibilities • Conducting thorough research and analysis to evaluate lines of business and/or individual programs, establishing rates and pricing strategies that align with Markel's commitment to profitable premium growth and cost-based pricing. • Investigating new business opportunities and identifying potential acquisitions as requested, providing data-driven insights and recommendations. • Forecasting reserve estimates on a quarterly basis • Effectively communicating findings to Actuarial, Finance, Claims, Underwriting, and Executive Leadership, presenting analyses clearly and responding promptly to requests for alternative structures or assumptions to better represent the risks under review. • Delivering presentations on actuarial analyses to diverse audiences, ensuring both actuarial and non-actuarial stakeholders fully understand results and their implications. • Proactively identifying and communicating potential actuarial issues to relevant teams. • Mentoring and serving as a resource for less experienced actuaries, fostering professional growth and knowledge sharing. • Rate change monitoring • Representing the Department on cross-functional teams. • Supporting corporate goals and principles • Other actuarial work as needed. Education • Bachelor's Degree required, preferably in mathematics, statistics, or other analytical fields Work Experience/Skill Set • 3-6 years of actuarial experience at a commercial insurer preferred. • A demonstrated commitment to pursuing Associate or Fellowship designation in the Casualty Actuarial Society. Newly qualified candidates preferred but will consider high-potential students looking for a new challenge. • Project and time management skills are essential, especially related to abiding by deadlines, management of resources, and meeting customer needs. • Strong communication skills are required, as is the ability to think critically and to defend actuarial assumptions, decisions and methodologies. • Ability to balance creativity and sound actuarial judgement. • Experience working with delegated authority programs/MGAs is a plus but not required • Excellent Organizational skills #LI-AB US Work Authorization US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future. Pay information: The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary range for the Senior Actuarial Analyst is $78,000 to $107,250 with 15% incentive. The national average salary range for the Actuary role is $116,080 to $159, 610 with 25% incentive. Job level and title offered to the successful candidate will be commensurate with experience, specialized skills relevant to the role, and possession of the outlined preferred qualifications. Markel reserves the right to propose an alternative career level based on these factors.  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.  Caution: Employment scams Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that: • All legitimate job postings with Markel will be posted on . No other URL should be trusted for job postings. • All legitimate communications with Markel recruiters will come from Markel.com email addresses. We would also ask that you please report any job employment scams related to Markel to [email protected].  No agencies please.

About Markel Corp

Markel Corp Careers

Join the vibrant team at Markel Corp, a global leader in insurance, reinsurance, and investment operations. At Markel Corp, we believe in fostering an environment of growth and innovation, making it an ideal place for professionals seeking to advance their careers in a dynamic and supportive setting.

Work You'll Do

At Markel Corp, you'll be part of a culture that cherishes diversity and leadership. Our team is committed to providing you with the opportunities to develop your professional skills through targeted training programs and diverse job opportunities. Whether you're looking for a position in management, finance, IT, or customer service, Markel Corp offers a variety of career paths to help you achieve your professional goals.

Innovate and Lead

Embrace the chance to work on groundbreaking projects that redefine the industry standards. Markel Corp is at the forefront of combining technology with insurance solutions, driving innovation and efficiency. Our leadership is deeply involved in developing strategies that leverage our robust networking capabilities to enhance our market presence and service quality.

Join Our Team

Discover a world of opportunities at Markel Corp. We are continuously hiring and looking for talented individuals who are eager to contribute to our mission and vision. Explore job opportunities and internships that will utilize your unique skills and passions. Our team is our greatest asset, and we invest in their growth through comprehensive benefits, professional development, and diversity training.

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Markel Corp is not just a company; it's a place where you can build a lasting career. Benefit from our development programs that are designed to nurture your leadership potential. From internships to full-time positions, we provide the support and resources to grow your career. Our commitment to professional growth ensures that every team member has the tools to succeed and lead.

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Learn more about Markel Corp
Size
20,300 employees
Market Cap
$17.4 billion
Industry
Net Income
$816 million
Founded
1930
5 Year Trend
+17.9%
Revenue
$9.7 billion
NASDAQ

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