Sr. Actuarial Manager

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

Benefits offered by this job

Health, dental & vision insurance

401(k) with employer match

Employee Stock Purchase Plan

PTO & holidays, parental leave

Job summary

Markel Group, a Fortune 500 insurer, is seeking a Sr. Actuarial Manager to lead pricing, profitability monitoring and portfolio analytics for the Workers Compensation segment in an on-site Richmond, VA setting.

You will partner with senior leadership, Underwriting, Claims and Finance to drive profitable growth and informed business decisions while overseeing actuarial talent development and cross-functional initiatives.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related quantitative field.
• ACAS required; FCAS preferred.
• 8–10 years actuarial experience with Workers Compensation focus.

Responsibilities

• Lead actuarial analyses and provide strategic guidance for Workers Compensation pricing, profitability, and portfolio management.
• Develop and maintain pricing analyses, rate indications, portfolio monitoring tools, and profitability assessments.
• Collaborate with Underwriting, Claims, Finance and Executive Management to identify risks and opportunities and support business strategy.
• Monitor portfolio results, loss trends, claim development, and underwriting performance to drive better business outcomes.
• Provide actuarial support for business planning, forecasting, reinsurance evaluations, and strategic initiatives.

Skills

Actuarial expertise

Leadership

Pricing

Communication

Stakeholder management

Education

ACAS required; FCAS preferred

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 the actuarial strategy and analysis for the Workers Compensation segment, partnering closely with senior leadership, Underwriting, Claims, Finance, and other key stakeholders to drive profitable growth and informed business decision-making.

This position is responsible for overseeing pricing, profitability monitoring, and portfolio analytics, while providing actionable insights that support underwriting strategy, capital allocation, and long-term business objectives. The role requires deep actuarial expertise, strong business acumen, and the ability to effectively communicate complex analyses to both technical and non-technical audiences.

As a leader within the Actuarial organization, this individual will foster collaboration across functions, influence strategic initiatives, and support the development of actuarial talent.

Job Responsibilities

• Lead actuarial analyses and provide strategic guidance for the Workers Compensation segment, ensuring alignment with profitability, growth, and portfolio management objectives.
• Develop and maintain pricing analyses, rate indications, portfolio monitoring tools, and profitability assessments to support underwriting and business strategies.
• Collaborate closely with Underwriting, Claims, Finance, and Executive Management to identify risks and opportunities, evaluate business performance, and support strategic decision-making.
• Monitor portfolio results, loss trends, claim development patterns, and underwriting performance to provide actionable recommendations that improve business outcomes.
• Partner with Claims leadership to evaluate claim trends, severity drivers, and operational initiatives that impact Workers Compensation performance.
• Provide actuarial support for business planning, forecasting, reinsurance evaluations, and other strategic initiatives affecting the Workers Compensation portfolio.
• Clearly communicate actuarial analyses, insights, and recommendations to both technical and non-technical audiences, including senior management and executive leadership.
• Present findings and recommendations in meetings and strategic discussions, translating complex actuarial concepts into practical business considerations.
• Serve as a trusted advisor to business partners by providing education and guidance on actuarial methodologies, assumptions, and key performance drivers.
• Lead and contribute to cross-functional projects and initiatives, representing the Actuarial function in enterprise and segment-level efforts.
• Manage, mentor, and develop actuarial staff, promoting technical excellence, professional growth, and alignment with organizational objectives.

Education

Bachelor's degree required, preferably in Actuarial Science, Mathematics, Statistics, Economics, or a related quantitative field.

Certification

ACAS required; FCAS preferred

Work Experience / Skillset

• Minimum of 8-10 years of actuarial experience, with a strong emphasis in Workers Compensation.
• Demonstrated experience in Workers Compensation pricing, reserving, or portfolio management.
• Strong leadership, communication, and stakeholder management skills.
• Experience partnering with Underwriting, Claims, and Finance leaders to influence business strategy and operational outcomes.

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 Manager 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].