The primary purpose of this role is to lead advanced actuarial analyses in support of pricing and reserving decisions across Professional Lines. This includes applying established actuarial principles to develop insights that inform business strategy, including evaluation of new opportunities and due diligence on portfolio or business acquisitions.
The role requires deep expertise in ratemaking and reserving, along with a strong working knowledge of data analytics. Outputs are used by senior business leaders to support data-driven decision making and ensure alignment with profitability objectives.
Job Responsibilities
Lead pricing analyses for assigned Commercial Professional Lines, including the development of rate indications, pricing tools, and portfolio insights to support profitable growth and pricing strategies.
Evaluate and support new business opportunities, including research, modeling, and pricing framework development for emerging or expanding lines of business.
Partner closely with Underwriting, Claims, and other cross-functional stakeholders to ensure pricing strategies appropriately reflect risk characteristics and market dynamics.
Clearly communicate actuarial findings and recommendations to both actuarial and non-actuarial audiences, including senior leadership, and adapt analyses as needed based on stakeholder feedback.
Present results and recommendations in meetings, ensuring alignment and clarity across technical and non-technical audiences.
Provide guidance to non-actuarial partners on actuarial principles, methodologies, and key assumptions driving pricing decisions.
Contribute to and lead cross-functional initiatives, representing the Actuarial function in broader business projects.
Support the development of junior staff by reinforcing actuarial best practices and aligning work with corporate goals and standards.
Education
A bachelor’s degree is required, preferably in mathematics, statistics, or related analytical field
Certification
ACAS required; FCAS preferred
Work Experience/ Skillset
Minimum of 8-10 years of actuarial experience, with a strong emphasis on Commercial Lines pricing required
Demonstrated experience in Professional Lines products (e.g., E&O, D&O, EPLI) strongly preferred
Proven ability to lead and manage projects, including prioritization, resource coordination, and delivery against deadlines
Strong communication skills, with the ability to influence and collaborate effectively with Underwriting and other business partners
Ability to clearly articulate and defend actuarial assumptions, methodologies, and conclusions
Strong analytical and critical thinking skills, with the ability to balance technical rigor and practical business judgment
Experience working in cross-functional environments and driving alignment across stakeholders
Ability to balance creativity with sound actuarial discipline in developing pricing strategies
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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 Sr. Actuarial is $141,640 to $194,755 with 30% incentive.
