Senior Actuarial Analyst / Actuary

Markel•Richmond, VA

46d•$108,800 - $181,400•Onsite

About The Position

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.

Requirements

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

Nice To Haves

3-5 years of actuarial experience preferred
Professional Liability or Commercial Lines experience is a plus but not required

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