Actuary Ceded Re

What part will you play If youre looking for a place where you can make a meaningful difference youve found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities and youll find your fit amongst our global community of optimists and problem-solvers. Were 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 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.
This roles primary responsibility is to provide support for Markels ceded reinsurance placements and strategy.

Job Responsibilities:

• Conducting thorough research and analysis to evaluate potential new lines of business establishing rates and pricing strategies that align with Markels commitment to profitable premium growth and cost-based pricing.

• Investigating new business opportunities as requested providing data-driven insights and recommendations.

• Effectively communicating findings to actuaries and underwriters presenting analyses clearly and responding promptly to requests for alternative structures or assumptions to better represent the risks under review.

• Delivering presentations on actuarial analyses to diverse audiences ensuring both actuarial and non-actuarial stakeholders fully understand results and their implications.

• Proactively identifying and communicating potential actuarial issues to relevant teams.

• Mentoring and serving as a resource for less experienced actuaries fostering professional growth and knowledge sharing.

• Working closely with Markels Ceded Reinsurance Department this role will provide analytic capabilities to enhance our ability to analyze structures and strategies to optimize profitability and return on capital within internal risk appetites.

• Support post placement data capture and analysis including spend analysis cost allocation and impact on profitability.

• Build strong working relationships with our reinsurance brokers underwriting leadership actuarial teams and key data owners.

• Work with our reinsurance brokers to request analysis in support of company objectives and communicate findings to the business.

Requirements

• Minimum of 3 years of actuarial experience.

• Bachelors degree in mathematics statistics actuarial science or a related analytical field..

• Credentialed actuary (ACAS or FCAS) preferred; will consider candidates who are actively taking exams.

• Proficiency in Excel with strong computer skills.

• Preferred experience includes programming knowledge in SQL and familiarity with common data science tools like R or Python.

• Experience with Power BI and ResQ software is highly desirable.

Work Experience/Skill Set

• Advanced understanding of insurance industry specifically Casualty lines. Understanding of reinsurance and actuarial concepts.

• Outstanding communication skills enabling clear and effective collaboration across departments such as claims and underwriting.

• High attention to detail excelling in precision calculations and preparation of detailed reports.

• Strong organizational skills with the ability to balance and prioritize multiple projects under tight deadlines.

• Proactive and driven consistently taking initiative to achieve impactful results.

• Flexible and adaptable thriving in dynamic environments and embracing change with confidence.

• Exceptional team collaborator fostering positive relationships and contributing to a cohesive and productive team environment.

• Knowledge of the Reinsurance buying and broking process

#LI-Hybrid
#DEIB

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position now or in the future.

Pay information:

The job title and base salary offered for the successful candidate will be based on compensable factors such as geographic location job-relevant education job-relevant experience training licensure demonstrated competencies and other national average salary for the Sr actuarial Analyst job is $78000 - $107250 with 15% bonus potential. The national average salary for the Actuary job is $116080 - $159610 with 25% bonus potential.