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Markel · 1 day ago

Senior Actuarial Analyst

Richmond, VA

Full-time

Onsite

Mid, Senior Level

2+ years exp

Markel is a Fortune 500 company that operates in insurance, reinsurance, and investment operations worldwide. They are seeking a Senior Actuarial Analyst to provide actuarial analysis and forecasting to maximize profit and growth, develop pricing strategies, and communicate results across various departments.

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 analyticsMathematicsStatisticsAnalytical abilityTechnical skillsTime managementOrganizational skillsWritten communicationOral communication

Required

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

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

Preferred

Minimum of 2 years of actuarial or data analytics experience preferred

Benefits

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.