Senior Actuary

Markel; Richmond (VA); On-site; USD 142,000 - 195,000; Full time

Benefits offered by this job

401(k) with match

Employee Stock Purchase Plan

Paid time off

Job summary

Markel is seeking an actuary with deep expertise in ratemaking and reserving to lead advanced analyses for pricing and reserving decisions across Professional Lines. The role involves translating actuarial principles into actionable insights for business strategy and evaluating new opportunities and acquisitions.

The candidate will work with senior leaders to ensure profitability objectives, communicate findings clearly, and mentor junior staff in a collaborative, cross-functional environment.

Qualifications

• Bachelor’s degree required, preferably in mathematics, statistics or related analytical field.
• ACAS required; FCAS preferred.
• Minimum of 8–10 years actuarial experience, with strong Commercial Lines pricing background.

Responsibilities

• Lead pricing analyses for Commercial Professional Lines, including rate indications and pricing tools.
• Evaluate and support new business opportunities with research, modeling and pricing framework development.
• Partner with Underwriting, Claims and other stakeholders to reflect risk and market dynamics in pricing.
• Communicate actuarial findings to both technical and non-technical audiences, including senior leadership.
• Present results and recommendations in meetings with clear alignment across audiences.
• Provide guidance on actuarial principles and assumptions driving pricing decisions.
• Contribute to cross-functional initiatives representing the Actuarial function.
• Support development of junior staff by reinforcing actuarial best practices.

Skills

Ratemaking

Reservings

Project leadership

Communication skills

Cross-functional collaboration

Education

Bachelor’s degree in mathematics/statistics or related analytical field

Job description

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! The primary purpose of this role is to lead advanced actuarial analyses in support of pricing and reserving decisions across Professional Lines. This includes applying established actuarial principles to develop insights that inform business strategy, including evaluation of new opportunities and due diligence on portfolio or business acquisitions.

The role requires deep expertise in ratemaking and reserving, along with a strong working knowledge of data analytics. Outputs are used by senior business leaders to support data-driven decision making and ensure alignment with profitability objectives.

Job Responsibilities

• Lead pricing analyses for assigned Commercial Professional Lines, including the development of rate indications, pricing tools, and portfolio insights to support profitable growth and pricing strategies.
• Evaluate and support new business opportunities, including research, modeling, and pricing framework development for emerging or expanding lines of business.
• Partner closely with Underwriting, Claims, and other cross-functional stakeholders to ensure pricing strategies appropriately reflect risk characteristics and market dynamics.
• Clearly communicate actuarial findings and recommendations to both actuarial and non-actuarial audiences, including senior leadership, and adapt analyses as needed based on stakeholder feedback.
• Present results and recommendations in meetings, ensuring alignment and clarity across technical and non-technical audiences.
• Provide guidance to non-actuarial partners on actuarial principles, methodologies, and key assumptions driving pricing decisions.
• Contribute to and lead cross-functional initiatives, representing the Actuarial function in broader business projects.
• Support the development of junior staff by reinforcing actuarial best practices and aligning work with corporate goals and standards.

Education

A bachelor’s degree is required, preferably in mathematics, statistics, or related analytical field

Certification

ACAS required; FCAS preferred

Work Experience/ Skillset

• Minimum of 8-10 years of actuarial experience, with a strong emphasis on Commercial Lines pricing required
• Demonstrated experience in Professional Lines products (e.g., E&O, D&O, EPLI) strongly preferred
• Proven ability to lead and manage projects, including prioritization, resource coordination, and delivery against deadlines
• Strong communication skills, with the ability to influence and collaborate effectively with Underwriting and other business partners
• Ability to clearly articulate and defend actuarial assumptions, methodologies, and conclusions
• Strong analytical and critical thinking skills, with the ability to balance technical rigor and practical business judgment
• Experience working in cross-functional environments and driving alignment across stakeholders
• Ability to balance creativity with sound actuarial discipline in developing pricing strategies

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 Sr. Actuarial is $141,640 to $194,755 with 30% incentive.

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.

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 [e-mail].