Pricing Actuary/ Senior Pricing Actuary - Casualty

Markel • Richmond, VA

1d • $116,080 - $194,700

About The Position

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! Markel is seeking an experienced Pricing Actuary/ Senior Pricing Actuary to join our Portfolio Analytics team supporting casualty lines of business. This role is fundamentally a technical pricing role; you will own the actuarial rating models underpinning a portfolio of specialty casualty products including General Liability (primary and excess), Life Sciences, and Environmental lines, among others. That means driving the analytical work behind parameter development, rate level indications, and methodology advancement, while partnering with product line leaders to translate rigorous pricing frameworks into sound underwriting and portfolio strategy.

Requirements

• Bachelor's Degree required, preferably in mathematics, statistics, or other analytical fields
• 5+ years of property & casualty actuarial experience, with meaningful exposure to commercial casualty lines
• ACAS required
• Python Experience strongly preferred
• Strong command of ratemaking fundamentals including loss development, trend analysis, ILF methodology, and GLM-based risk segmentation
• Ability to communicate technical concepts clearly to non-actuarial stakeholders including underwriters and business unit leaders
• Strong organizational skills and attention to detail in model documentation and governance
• US Work Authorization
• US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Nice To Haves

• Experience with specialty or E&S casualty lines preferred (GL, life sciences, environmental, or similar)
• Familiarity with modern rating engine platforms, specifically hyperexponential (hx) renew, a plus

Responsibilities

• Own and maintain rating plan parameters across assigned casualty lines, including loss costs, ILFs, territory factors, and all other risk relativities
• Work with corporate actuarial to incorporate profitability study insights and base rate adjustments.
• Coordinate with product line leaders, underwriting management and deployment teams for putting rate adjustments into production
• Evaluate emerging loss experience and benchmark against industry data sources i.e. ISO to identify trends and recommended adjustments
• Develop and refine pricing models for specialty casualty risks including GL primary and excess, life sciences liability, and environmental liability
• Support governance and documentation of rating methodologies, assumptions, and model change history

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level