Senior Actuarial Analyst/Actuary

Markel•Richmond, VA

4d•Onsite

About The Position

Markel is expanding its actuarial team to support the Programs and Solutions Division. This new opportunity will deliver actuarial insights and analyses to the MGA Programs Business Unit. The role will encompass responsibilities from reserving to loss ratio projections and assessing the profitability of new business opportunities. This is a key hire that will influence management decisions impacting underwriting, portfolio management, and profitability. The position will also provide guidance and direction to junior actuaries on the team.

Requirements

Bachelor's Degree required, preferably in mathematics, statistics, or other analytical fields.
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.
US Work Authorization required.
Markel does not provide visa sponsorship for this position, now or in the future.

Nice To Haves

Experience working with delegated authority programs/MGAs is a plus but not required.
Excellent Organizational skills

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.