Senior Actuarial Analyst/Actuary

About the role

Markel Group (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world. We're all about people | We win together | We strive for better We enjoy the everyday | We think further

Benefits

Additional Information

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! We are expanding our actuarial team that supports Markel's Programs and Solutions Division. This new opportunity will deliver actuarial insights and analyses to our MGA Programs Business Unit. This role will have a range of responsibilities, from reserving to loss ratio projections to assessing the profitability of new business opportunities. This is a key hire that will be able to influence management towards courses of actions that have a positive impact on underwriting, portfolio management, and profitability. We are also looking for someone who will provide guidance and direction to junior level actuaries on the team. 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. 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. Education Bachelor's Degree required, preferably in mathematics, statistics, or other analytical fields Work Experience/Skill Set 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. Experience working with delegated authority programs/MGAs is a plus but not required Excellent Organizational skills #LI-AB 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 Senior Actuarial Analyst is $78,000 to $107,250 with 15% incentive. The national average salary range for the Actuary role is $116,080 to $159, 610 with 25% incentive. Job level and title offered to the successful candidate will be 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.

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