Actuarial Analyst

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. 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 position is to provide basic actuarial analyses based on generally accepted actuarial principles, under the direction and oversight of more senior level actuaries. The completed analyses will be used by internal business leaders for data-based decision making. These analyses may relate to various areas of actuarial expertise, including Pricing, Reserving, Reinsurance, Corporate Reporting, or combinations of these areas.

Job Location: Hybrid work arrangement based in Richmond VA, New York NY, Omaha NE, or Rosemont IL.

Job Responsibilities

Responsibilities include those assigned to an Actuarial Analyst, and may also include:

• Conducting research and analysis on potential new lines of business and establishing rates/pricing that supports Markel’s initiative of continued profitable premium growth along with cost-based pricing; researching new business opportunities when requested.
• Communicating results with actuaries and underwriters 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 to more accurately represent the risk being analyzed.
• Presenting results of actuarial analyses to meeting attendees, ensuring that actuarial and non-actuarial attendees have a clear understanding of final results.
• Communicating potential actuarial issues promptly.
• Serving as a resource for less experienced actuaries.

Requirements:

• Minimum of 3 years of actuarial experience.
• Bachelor’s degree in mathematics, statistics, actuarial science, or a related analytical field.
• Minimum GPA of 3.2 in both major and overall coursework.
• Proven exam progress with a demonstrated commitment to pursuing Associate or Fellowship designation in the Casualty Actuarial Society.
• Proficiency in Excel, with strong computer skills.
• Preferred experience includes programming knowledge in SQL, and familiarity with common data science tools like R or Python.
• Experience with Power BI and ResQ software is highly desirable.
• Strong background in pricing and reserving.

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

Pay information:

Job level and title 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 geographic location, job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, and other factors. The national average salary for the Actuarial Analyst position is $60,300 - $100,500 with 12% bonus potential.

Who we are:

Markel Group (NYSE – MKL) is a fortune 500 company with over 60 offices in 20+ countries, and is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

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, floating holidays, and 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.

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, age, disability, affectional or sexual orientation, gender expression or identity, genetic information, or any other classification protected by applicable law.

Should you require any accommodation through the application process, please inform us.

No agencies please.