Markel Corp

Senior Actuarial Analyst / Actuary

Markel Corp$108K — $181K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in mathematics, statistics, or analytical fields
  • 3-5 years of actuarial experience preferred
  • 3+ Actuarial exams passed, ideally close to or newly qualified Associate
  • Project and time management skills
  • Strong communication and critical thinking skills

Responsibilities

  • Conduct thorough research and analysis for pricing strategies
  • Forecast reserve estimates quarterly and report to Finance
  • Effectively communicate findings to various stakeholders
  • Present results clearly to ensure understanding among diverse audiences
  • Collaborate with Technical Pricing to validate rating models
  • Identify and communicate potential actuarial issues proactively
  • Mentor less experienced actuaries and promote knowledge sharing

Benefits

  • Mentorship opportunities to foster professional growth
  • Collaboration with experienced underwriting teams
  • Engagement in high-impact decision-making processes
  • Participation in strategy influence for pricing and reserving
  • Access to a diverse range of business challenges in actuarial analysis
Full Job Description
The primary purpose of this Actuary position is to provide a range of decisions based on actuarial analysis and forecasting. This role is a key actuarial partner to Markel’s Bermuda professional lines underwriting team, supporting large, complex risks where sound actuarial judgment is essential. The position focuses on pricing, reserving, and portfolio insights, working directly with experienced underwriters to inform high impact decisions. The successful candidate will influence pricing, reserving, and strategy in an environment where communication and partnership with underwriters are as important as technical ability. 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; researching new business opportunities when requested and identifying potential acquisitions Forecasting reserve estimates on a quarterly basis; reporting with Finance during Quarter Close 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 Presenting results of actuarial analyses to meeting attendees, and ensuring that actuarial and non-actuarial audiences have a clear understanding of final results Collaboration with Technical Pricing team to validate and calibrate professional liability rating models utilized in actuarial pricing 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 Periodic Pricing Studies Representing the Department on cross-functional teams. Ad hoc requests from product line leaders and executive leadership Other actuarial work as needed Work Experience/Qualifications Bachelor's Degree required, preferably in mathematics, statistics, or other analytical fields 3-5 years of actuarial experience preferred 3+ Actuarial exams passed, ideally close to or newly qualified Associate, with demonstrated commitment to pursuing Associate or Fellowship designation in the Casualty Actuarial Society Project and time management skills are required, 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 Excellent organizational skills Ability to balance creativity and sound actuarial judgment Professional Liability or Commercial Lines experience is a plus but not required #LI-SY 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,demonstratedcompetencies, geographic location, and other factors. The national average salary range for theSenior Actuarial Analystis $108,800 - $181,400 with 25% incentive. 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.

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.

Develop Your Career

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.

Stay Connected

Be part of Markel Corp's professional network. Engage with us through various networking events, stay updated with the latest industry trends, and connect with other professionals. Our collaborative environment supports career advancement and skill enhancement.

Apply Now

Ready to take the next step in your career? Check out the latest job openings at Markel Corp. Tailor your resume to highlight your relevant experience and skills, and prepare for an interview that could launch your career to new heights. We are excited to see how your expertise and ambitions align with our goals at Markel Corp.

Explore Markel Corp Jobs and Careers

Your future at Markel Corp starts here. With a commitment to innovation, leadership, and diversity, we are looking for individuals who are ready to make a difference. Join us in shaping the future of the insurance and financial industries.

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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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