Senior Actuarial Analyst

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! The primary purpose of this position is to provide advanced actuarial analyses, based upon generally accepted actuarial principles, and to provide direction and oversight of more junior level actuaries. The completed analyses will be used by internal business leaders for data-based decision making. These analyses may relate to various areas of actuarial expertise, including: Pricing, Reserving, Reinsurance, Corporate Reporting, or combinations of these areas. At this level, solid communication skills are essential.
This role's primary responsibility is to provide support for Markel’s ceded reinsurance placements and strategy.

Job Responsibilities:

• Conducting thorough research and analysis to evaluate potential new lines of business, establishing rates and pricing strategies that align with Markel's commitment to profitable premium growth and cost-based pricing.

• Investigating new business opportunities as requested, providing data-driven insights and recommendations.

• Effectively communicating findings to actuaries and underwriters, 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.

• Working closely with Markel’s Ceded Reinsurance Department this role will provide analytic capabilities to enhance our ability to analyze structures and strategies to optimize profitability and return on capital within internal risk appetites.

• Support post placement data capture and analysis, including spend analysis, cost allocation and impact on profitability.

• Build strong working relationships with our reinsurance brokers, underwriting leadership, actuarial teams, and key data owners.

• Work with our reinsurance brokers to request analysis in support of company objectives and communicate findings to the business.

Requirements

• Minimum of 3 years of actuarial experience.

• Bachelor’s degree in mathematics, statistics, actuarial science, or a related analytical field..

• Credentialed actuary (ACAS or FCAS) preferred; will consider candidates who are actively taking exams.

• Proficiency in Excel, with strong computer skills.

• Preferred experience includes programming knowledge in SQL, and familiarity with common data science tools like R or Python.

• Experience with Power BI and ResQ software is highly desirable.

Work Experience/Skill Set

• Advanced understanding of insurance industry specifically Casualty lines. Understanding of reinsurance and actuarial concepts.

• Outstanding communication skills, enabling clear and effective collaboration across departments such as claims and underwriting.

• High attention to detail, excelling in precision, calculations, and preparation of detailed reports.

• Strong organizational skills, with the ability to balance and prioritize multiple projects under tight deadlines.

• Proactive and driven, consistently taking initiative to achieve impactful results.

• Flexible and adaptable, thriving in dynamic environments and embracing change with confidence.

• Exceptional team collaborator, fostering positive relationships and contributing to a cohesive and productive team environment.

• Knowledge of the Reinsurance buying and broking process

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

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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:

Job level and title is 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.

Base salary offered for the successful candidate will be based on compensable factors, such as geographic location, job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, and other factors. The national average salary for the Sr Actuarial Analyst position is $73,000 - $122,600 with 15% bonus potential.