Actuary / Senior Actuarial Analyst - State National

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 Actuary position is to provide a range of decisions based on actuarial analysis and forecasting, to maximize profit and growth and provides guidance to more junior level actuaries. Develops complex actuarial formulations leading to the recommendation of extensive and impactful pricing strategies and loss reserving. Provide consultations and clarification on actuarial models and risk issues, and influences management towards a course of action that have a potential impact on underwriting, pricing, risk management, and profitability.

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 and identifying potential acquisitions as requested, providing data-driven insights and recommendations.

• 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.

• 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

Certification

• ACAS required for Actuary; will consider candidates actively taking exams for Senior Actuarial Analyst

Work Experience/Skill Set

• 4+ years of actuarial experience preferred.

• Project 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.  

• Ability to balance creativity and sound actuarial judgement.

#LI-Hybrid
#DEIB
 

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 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 job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary for the Senior Actuarial Analyst position is $78,000 - $107,250 with 15% bonus potential. The national average salary for the Actuary position is $116,080 - $159,610 with 25% bonus potential.

Who we are: 

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 

 

What’s in it for you: 

In keeping with the values of the Markel Style, we strive to support our employees in living