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Markel

Markel

Actuary

Actuary

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Job Details
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Uploaded On
January 1, 2023
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Location
Richmond VA
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Remote?
No
Company Overview
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Headquarters
Glen Allen, VA
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Number of Employees
17400
Estimated Number of Actuaries
81
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
82%
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Overall Score
4.1 / 5

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What we look for
Our exceptional and motivated employees are our greatest strength. Our employees provide the highest level of customer service and help maintain our position as a leader in the global marketplace.


Markel Style
The Markel Style is what makes us stand out from our competitors. It's our core value which should underpin how we do business, while influencing our behavior and performance. We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below.


If you think you have these core attributes we want to hear from you.

Job Summary:

The primary purpose of this position is to provide advanced actuarial analyses, based upon generally accepted actuarial principles, and to provide direction and oversight of more junior 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.  At this level, solid communication skills are essential.

Job responsibilities will include a combination of some of the below items, subject to the needs of our collaborators:

  • Forecasting reserve estimates on a quarterly basis
  • Presenting quarterly results to Finance, Claims, Underwriting, and executive leadership
  • Periodic pricing studies
  • Large account pricing
  • 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
  • Researching new business opportunities and identifying potential acquisitions
  • Ad hoc requests from product line leaders and executive leadership
  • Leading or overseeing more junior actuaries in projects related to the above
  • Other actuarial work as needed

Work Experience:

  • 5+ years of relevant actuarial experience
  • ACAS or higher
  • Excellent time management and organizational skills
  • Excellent analytical ability
  • Strong written and oral communication skills
  • Strong computer skills, particularly in Excel
  • Experience using R, Visual Basic, or SQL preferred

Education:

  • Bachelor’s degree or higher in mathematics, statistics, actuarial science or related field

Please note:  Markel's phased approach for re-entry into our buildings is designed to balance the ongoing health, safety, and well-being of our employees with operational considerations and regulatory/governmental requirements and recommendations. As a result, we implemented a hybrid return to work strategy that allows for three days in the office every week. 

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.

Choose Markel:  

Innovative hybrid work model * A diversity and inclusion focused employer * Exceptional base salary and bonus structure * Comprehensive benefits which include PTO, medical, dental, vision, 401K and more * Growth opportunities to advance your career* Ongoing coaching and career development * Fast paced, dedication environment *Profitable Fortune 300 company in business since 1930.

Must be authorized to work in the U.S., and not require sponsorship now or in the future

“Why work for us?”

Diversity and inclusion
Markel is truly a global and diverse company. We believe that diversity makes us better business partners and that embracing people’s differences can bring amazing results and fuel innovation. We have a portfolio of businesses and product lines that operate around the world.

Community involvement
Markel has a rich heritage of supporting communities across the world where our customers and employees live and work. Giving back is part of our history and our future. Our employees share in this philosophy through volunteering, mentoring and fundraising.

Commitment to open doors

Markel is committed to creating the best work environment. Our open-door policy is essential in recognizing business issues as they rise and to address the changing needs of our diverse and global workforce. Challenging management is a component of the Markel Style—some of our best ideas start from a conversation between a manager and an employee.

Entrepreneurial spirit

As the Markel Style states, we pursue excellence, strive for a better way, and share the success of others. Markel associates proactively seek new business opportunities, bringing further success to Markel.

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Working at 

Markel

Markel is a global insurance company that offers a range of insurance products to individuals, small businesses, and large organizations. The company was founded in 1930 and has grown to become a leading provider of specialty insurance products. Markel is known for its expertise in a variety of niche markets, including insurance for small businesses, equine and livestock operations, and collectors' items such as classic cars and fine art. In addition to traditional insurance products, Markel also offers risk management and consulting services to help clients identify and mitigate potential risks. The company has a strong reputation for customer service and is committed to providing high-quality coverage to its policyholders.

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