Senior Actuarial Analyst

Overview

The primary purpose of this Senior Actuarial Analyst position is to provide a range of decisions based on actuarial analysis and forecasting, to maximize profit and growth. 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.

This may include participation in a rotational program within the Actuarial department.

• Conducting research and analysis on potential new lines of business and establish rates/pricing that supports Markel’s initiative of continued profitable premium growth along with cost-based pricing; researching new business opportunities when requested and identifying potential acquisitions.
• Communicating results with actuaries, Finance, Claims, Underwriting, and Executive Leadership in a clear and concise manner and responding efficiently and accurately to requests to vary the actuarial analysis in terms of structure and/or assumptions in order to more accurately represent the risk being analyzed.
• Presenting results of actuarial analyses to meeting attendees, and ensuring that actuarial and non-actuarial attendees have a clear understanding of final results.
• Forecasting reserve estimates on a quarterly basis
• Periodic pricing studies
• Utilizing predictive analytics to identify most and least profitable insureds within a portfolio
• Rate change monitoring
• Developing action monitors to track progress toward stated goals to improve profitability
• Ad hoc requests from product line leaders and executive leadership
• Communicating potential actuarial issues promptly
• Other actuarial work as needed

• Bachelor's Degree preferably in mathematics, statistics, or other analytical fields

• 2+ Actuarial exams passed, with a demonstrated commitment to pursuing Associate or Fellowship designation in the Casualty Actuarial Society.

• Minimum of 2 years of actuarial or data analytics experience preferred
• Excellent time management and organizational skills
• Excellent analytical ability
• Strong technical skills
• Strong written and oral communication skills

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

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.

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

• 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 health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
• We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

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