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Senior Actuary

Job in Richmond, Henrico County, Virginia, 23214, USA
Listing for: Markel Corporation
Full Time position
Listed on 2026-06-02
Job specializations:
  • Finance & Banking
    Actuary, Risk Manager/Analyst, Financial Analyst
  • Insurance
    Actuary, Risk Manager/Analyst, Financial Analyst
Salary/Wage Range or Industry Benchmark: 141640 - 194755 USD Yearly USD 141640.00 194755.00 YEAR
Job Description & How to Apply Below

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. 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 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

Bachelor's degree in mathematics, statistics, or related analytical field.

Qualifications
  • Certification ACAS required; FCAS preferred.
  • Minimum 8–10 years of actuarial experience, with strong emphasis on Commercial Lines pricing.
  • Demonstrated experience in Professional Lines products (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; ability to influence and collaborate with Underwriting and other business partners.
  • Ability to clearly articulate and defend actuarial assumptions, methodologies, and conclusions.
  • Strong analytical and critical thinking skills; 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.
Work Authorization

US work authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Compensation

Base salary range $141,640 to $194,755 with 30% incentive.

EEO Statement

Markel is an equal opportunity employer. We do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender expression or identity, national origin, age, disability, or any other protected characteristic. All qualified applicants will receive consideration for employment without distinction of any protected characteristic.

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Position Requirements
10+ Years work experience
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