What are the responsibilities and job description for the Senior Actuarial Analyst/Actuary position at Markel Service Inc.?
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-SY
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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.
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 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.
Caution: Employment scams
Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:
All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.
All legitimate communications with Markel recruiters will come from Markel.com email addresses.
We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.
Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.
Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com.
No agencies please.