Actuary / Senior Actuarial Analyst - State National
Markel, Rosemont, Illinois, United States
Overview
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 Actuary position is to provide a range of decisions based on actuarial analysis and forecasting, to maximize profit and growth and provide guidance to more junior level actuaries. Develops complex actuarial formulations leading to the recommendation of extensive and impactful pricing strategies and loss reserving. Provide consultations and clarification on actuarial models and risk issues, and influence management toward a course of action that has a potential impact on underwriting, pricing, risk management, and profitability.
Job Responsibilities
Conduct research and analysis to evaluate potential new lines of business, establishing rates and pricing strategies that align with profitable premium growth and cost-based pricing. Investigate new business opportunities and identify potential acquisitions, providing data-driven insights and recommendations. Communicate findings to Actuarial, Finance, Claims, Underwriting, and Executive Leadership, presenting analyses clearly and responding to requests for alternative structures or assumptions to better represent the risks under review. Deliver presentations on actuarial analyses to diverse audiences, ensuring both actuarial and non-actuarial stakeholders understand results and their implications. Proactively identify and communicate potential actuarial issues to relevant teams. Mentor and serve as a resource for less experienced actuaries, fostering professional growth and knowledge sharing. Represent the Department on cross-functional teams. Support corporate goals and principles. Other actuarial work as needed.
Education
Bachelor’s Degree required, preferably in mathematics, statistics, or other analytical fields.
Certification
ACAS required for Actuary; will consider candidates actively taking exams for Senior Actuarial Analyst.
Work Experience / Skill Set
4+ years of actuarial experience preferred. Project management skills are required, especially related to deadlines, resource management, and meeting customer needs. Strong communication skills are required, as is the ability to think critically and defend actuarial assumptions, decisions and methodologies. Ability to balance creativity and sound actuarial judgement.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Pay information
Job level is commensurate with experience, specialized skills relevant to the role, and possession of the outlined preferred qualifications. Markel reserves the right to propose an alternative career level based on these factors. 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 for the Senior Actuarial Analyst position is $78,000 - $107,250 with 15% bonus potential. The national average salary for the Actuary position is $116,080 - $159,610 with 25% bonus potential.
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.
Are you ready to play your part?
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
Caution: Employment scams Markel is aware of employment-related scams where scammers impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. The scammer will reach out to individuals who have posted their resume online. These “job offers” include convincing offer letters and frequently ask for confidential personal information. For safety, please note that:
All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings. All legitimate communications with Markel recruiters will come from Markel.com email addresses.
We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.
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; medical and other conditions; or any other classification protected by applicable law.
Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com.
No agencies please.
#J-18808-Ljbffr
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 Actuary position is to provide a range of decisions based on actuarial analysis and forecasting, to maximize profit and growth and provide guidance to more junior level actuaries. Develops complex actuarial formulations leading to the recommendation of extensive and impactful pricing strategies and loss reserving. Provide consultations and clarification on actuarial models and risk issues, and influence management toward a course of action that has a potential impact on underwriting, pricing, risk management, and profitability.
Job Responsibilities
Conduct research and analysis to evaluate potential new lines of business, establishing rates and pricing strategies that align with profitable premium growth and cost-based pricing. Investigate new business opportunities and identify potential acquisitions, providing data-driven insights and recommendations. Communicate findings to Actuarial, Finance, Claims, Underwriting, and Executive Leadership, presenting analyses clearly and responding to requests for alternative structures or assumptions to better represent the risks under review. Deliver presentations on actuarial analyses to diverse audiences, ensuring both actuarial and non-actuarial stakeholders understand results and their implications. Proactively identify and communicate potential actuarial issues to relevant teams. Mentor and serve as a resource for less experienced actuaries, fostering professional growth and knowledge sharing. Represent the Department on cross-functional teams. Support corporate goals and principles. Other actuarial work as needed.
Education
Bachelor’s Degree required, preferably in mathematics, statistics, or other analytical fields.
Certification
ACAS required for Actuary; will consider candidates actively taking exams for Senior Actuarial Analyst.
Work Experience / Skill Set
4+ years of actuarial experience preferred. Project management skills are required, especially related to deadlines, resource management, and meeting customer needs. Strong communication skills are required, as is the ability to think critically and defend actuarial assumptions, decisions and methodologies. Ability to balance creativity and sound actuarial judgement.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Pay information
Job level is commensurate with experience, specialized skills relevant to the role, and possession of the outlined preferred qualifications. Markel reserves the right to propose an alternative career level based on these factors. 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 for the Senior Actuarial Analyst position is $78,000 - $107,250 with 15% bonus potential. The national average salary for the Actuary position is $116,080 - $159,610 with 25% bonus potential.
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.
Are you ready to play your part?
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
Caution: Employment scams Markel is aware of employment-related scams where scammers impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. The scammer will reach out to individuals who have posted their resume online. These “job offers” include convincing offer letters and frequently ask for confidential personal information. For safety, please note that:
All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings. All legitimate communications with Markel recruiters will come from Markel.com email addresses.
We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.
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; medical and other conditions; or any other classification protected by applicable law.
Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com.
No agencies please.
#J-18808-Ljbffr