Actuarial analyst Jobs in Newark, NJ

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. This role is a key actuarial partner to Markel’s Bermuda professional lines underwriting team, supporting large, complex risks where sound actuarial judgment is essential. The position focuses on pricing, reserving, and portfolio insights, working directly with experienced underwriters to inform high impact decisions. The successful candidate will influence pricing, reserving, and strategy in an environment where communication and partnership with underwriters are as important as technical ability.

Job Responsibilities

• Conducting thorough research and analysis to evaluate lines of business and/or individual programs, establishing rates and pricing strategies that align with Markel's commitment to profitable premium growth and cost-based pricing; researching new business opportunities when requested and identifying potential acquisitions
• Forecasting reserve estimates on a quarterly basis; reporting with Finance during Quarter Close
• Effectively communicating findings to Actuarial, Finance, Claims, Underwriting, and Executive Leadership, presenting analyses clearly and responding promptly to requests for alternative structures or assumptions to better represent the risks under review
• Presenting results of actuarial analyses to meeting attendees, and ensuring that actuarial and non-actuarial audiences have a clear understanding of final results
• Collaboration with Technical Pricing team to validate and calibrate professional liability rating models utilized in actuarial pricing
• 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
• Rate change monitoring
• Periodic Pricing Studies
• Representing the Department on cross-functional teams.
• Ad hoc requests from product line leaders and executive leadership
• Other actuarial work as needed

Work Experience/Qualifications

• Bachelor's Degree required, preferably in mathematics, statistics, or other analytical fields
• 3-5 years of actuarial experience preferred
• 3+ Actuarial exams passed, ideally close to or newly qualified Associate, with demonstrated commitment to pursuing Associate or Fellowship designation in the Casualty Actuarial Society
• Project and time management skills are required, especially related to abiding by deadlines, management of resources, and meeting customer needs
• Strong communication skills are required, as is the ability to think critically and to defend actuarial assumptions, decisions and methodologies
• Excellent organizational skills
• Ability to balance creativity and sound actuarial judgment
• Professional Liability or Commercial Lines experience is a plus but not required

#LI-SY

US Work Authorization

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

Pay information:

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure,demonstratedcompetencies, geographic location, and other factors. The national average salary range for the Senior Actuarial Analystis $108,800 - $181,400 with 25% incentive.

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 will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, 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. Therefore, for your safety, please note that:

• All legitimate job postings with Markel will be posted on . 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 .

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, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.