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Markel · 7 hours ago

Senior Actuarial Analyst

Richmond, VA

Full-time

Hybrid

Mid, Senior Level

2+ years exp

Markel is a Fortune 500 company that provides insurance, reinsurance, and investment operations globally. The Senior Actuarial Analyst will conduct actuarial analysis and forecasting to maximize profit and growth, develop pricing strategies, and consult on risk management issues.

Insurance

No H1B

Responsibilities

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

Qualification

Actuarial analysisData analyticsPredictive analyticsMathematicsStatisticsActuarial examsAnalytical abilityTechnical skillsTime managementOrganizational skillsWritten communicationOral communication