Pricing Actuary​/Senior Pricing Actuary - Casualty

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!

Markel is seeking an experienced Pricing Actuary/ Senior Pricing Actuary to join our Portfolio Analytics team supporting casualty lines of business. This role is fundamentally a technical pricing role; you will own the actuarial rating models underpinning a portfolio of specialty casualty products including General Liability (primary and excess), Life Sciences, and Environmental lines, among others. That means driving the analytical work behind parameter development, rate level indications, and methodology advancement, while partnering with product line leaders to translate rigorous pricing frameworks into sound underwriting and portfolio strategy.

• Own and maintain rating plan parameters across assigned casualty lines, including loss costs, ILFs, territory factors, and all other risk relativities
• Work with corporate actuarial to incorporate profitability study insights and base rate adjustments.
• Coordinate with product line leaders, underwriting management and deployment teams for putting rate adjustments into production
• Evaluate emerging loss experience and benchmark against industry data sources i.e. ISO to identify trends and recommended adjustments
• Develop and refine pricing models for specialty casualty risks including GL primary and excess, life sciences liability, and environmental liability
• Support governance and documentation of rating methodologies, assumptions, and model change history

• Bachelor's Degree required, preferably in mathematics, statistics, or other analytical fields
• 5+ years of property & casualty actuarial experience, with meaningful exposure to commercial casualty lines
• ACAS required
• Python Experience strongly preferred
• Strong command of rate making fundamentals including loss development, trend analysis, ILF methodology, and GLM-based risk segmentation
• Experience with specialty or E&S casualty lines preferred (GL, life sciences, environmental, or similar)
• Familiarity with modern rating engine platforms, specifically hyperexponential (hx) renew, a plus
• Ability to communicate technical concepts clearly to non-actuarial stakeholders including underwriters and business unit leaders
• Strong organizational skills and attention to detail in model documentation and governance

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

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.
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 Actuary position is $116,080 - $159,610 with 25% bonus potential. The national average salary for the Senior Actuary position is $141,600 - $194,700 with 30% 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

• We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
• All full-time employees have the option to select from multiple…