1

Actuarial Risk Management Jobs in Virginia (NOW HIRING)

VP, Ceded Reinsurance

Richmond, VA · On-site

$214K - $257K/yr

Counterparty oversight: manage reinsurance credit risk by ensuring all participating reinsurers ... Technical knowledge: deep understanding of insurance, reinsurance, and actuarial principles as they ...

Senior Underwriter

Richmond, VA · On-site

$96K - $141K/yr

Minimum of Five (5) years of experience in underwriting, actuarial pricing, or financial/data analytics roles with significant exposure to risk assessment and portfolio management in insurance or ...

Partner - Underwriting

Aldie, VA · On-site

$165 - $235/hr

QualificationsBachelors - Actuarial Science, Bachelors - Economics, Bachelors - Finance, Bachelors - Risk Management and Insurance, Masters - StatisticsCertificationsAU 60: Commercial Underwriting ...

Lead enterprise asset and liability management and liquidity risk oversight in alignment with ALCO ... Actuary experience. Key Capabilities * Demonstrated expertise in capital markets funding, including ...

Showing results 41-60

Actuarial Risk Management information

See Virginia salary details

$21.8K

$92.7K

$152.7K

How much do actuarial risk management jobs pay per year?

As of Sep 7, 2026, the average yearly pay for actuarial risk management in Virginia is $92,723.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,900.00 and $108,600.00 per year, depending on experience, location, and employer.

What is actuarial risk management?

Actuarial risk management is the process by which actuaries identify, assess, and mitigate financial risks within organizations, especially in insurance, pensions, and finance. Actuaries use mathematical and statistical models to analyze uncertain future events and help organizations make informed decisions about pricing, reserving, and capital management. Their work ensures that companies remain financially stable and can meet their long-term obligations to policyholders or beneficiaries.

What are the key skills and qualifications needed to thrive in actuarial risk management, and why are they important?

To excel in Actuarial Risk Management, you need strong quantitative analysis, statistical modeling, and financial theory expertise, typically supported by a degree in mathematics, statistics, or actuarial science and progress toward actuarial certifications (such as SOA or CAS exams). Familiarity with actuarial software (like Prophet or AXIS), advanced Excel skills, and data analysis tools (such as R or Python) is highly valued. Exceptional problem-solving abilities, attention to detail, and effective communication distinguish top performers in this field. These skills are crucial for accurately assessing risk, informing business decision-making, and ensuring regulatory compliance within financial and insurance sectors.

How does an actuarial risk management professional typically collaborate with other departments within an organization?

Actuarial risk management professionals frequently work cross-functionally, partnering with departments such as underwriting, finance, product development, and IT. They provide data-driven insights and risk assessments that inform strategic decision-making, product pricing, and financial forecasting. Effective communication skills are essential, as actuaries often present complex findings to non-technical stakeholders. Regular collaboration ensures that risk considerations are integrated into overall business strategies and operations.

What is the difference between Actuarial Risk Management vs Actuarial Analyst?

AspectActuarial Risk ManagementActuarial Analyst
CredentialsRequires actuarial exams, often a few completed; professional certification (e.g., ASA, FSA) preferredRequires actuarial exams, typically fewer completed; pursuing certification
Work EnvironmentStrategic, risk-focused, often in risk management or underwriting departmentsData analysis, modeling, and reporting in actuarial departments
Industry UsageUsed in insurance, finance, and risk management sectorsPrimarily in insurance companies, consulting firms, and government agencies

Actuarial Risk Management professionals focus on identifying and mitigating risks for organizations, often involving strategic decision-making. Actuarial Analysts perform detailed data analysis and modeling to support actuarial functions. While both roles require actuarial exams, Risk Managers typically have more experience and focus on broader risk strategies, whereas Analysts concentrate on data-driven analysis.

Do actuaries work in risk management?

Actuaries often work in risk management roles, where they analyze and quantify financial risks using statistical models and tools like Excel and specialized software. They help organizations develop strategies to mitigate risks related to insurance, pensions, and investments, often requiring professional certifications such as the ASA or FSA. Risk management is a core aspect of many actuarial positions across various industries.

What are popular job titles related to Actuarial Risk Management jobs in Virginia?

For Actuarial Risk Management jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Actuarial Risk Management jobs in Virginia look for?

The top searched job categories for Actuarial Risk Management jobs in Virginia are:

Infographic showing various Actuarial Risk Management job openings in Virginia as of August 2026, with employment types broken down into 87% Full Time, and 13% Part Time. Highlights an 75% In-person, 5% Hybrid, and 20% Remote job distribution, with an average salary of $92,723 per year, or $44.6 per hour.

Director/Sr. Director, Operations & Underwriting

Markel International

Richmond, VA

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago


Job description

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 Director/ Senior Director, Underwriting Operations & Strategy is responsible for leading underwriting operational excellence, advancing technology and automation initiatives, and partnering with Product Line Leaders (PLLs) and regional leadership to support profitable portfolio management and underwriting execution. This role serves as a strategic bridge between underwriting, operations, and enterprise support functions, ensuring alignment of underwriting strategy, business processes, data analytics, and technology solutions.
The position drives continuous improvement in underwriting effectiveness, workflow optimization, portfolio insights, and business performance while fostering strong partnerships with Claims, Actuarial, Finance, Information Technology, and other key stakeholders. The Director/ Senior Director plays a critical role in enabling scalable growth, enhancing underwriting capabilities, and delivering data-driven decision-making across the organization.

Key Responsibilities

  • Lead underwriting operations and support functions to improve efficiency, consistency, service delivery, and operational performance.
  • Establish and monitor key operational metrics, service standards, and workflow performance indicators.
  • Drive process improvement initiatives that enhance the underwriting experience and reduce operational friction.
  • Identify opportunities for automation, simplification, and scalability across underwriting workflows.
  • Act as the primary liaison between underwriting teams and technology organizations.
  • Partner with IT and digital teams to develop and implement underwriting tools, workflow solutions, analytics, automation, and AI-enabled capabilities.
  • Prioritize technology investments that improve underwriting effectiveness, decision quality, and customer responsiveness.
  • Support system enhancements, platform modernization, and data governance initiatives.
  • Partner with Product Line Leaders and regional underwriting leaders to execute underwriting strategies and portfolio objectives.
  • Facilitate portfolio reviews, performance monitoring, and business planning activities.
  • Deliver actionable insights regarding growth opportunities, risk selection, pricing trends, capacity deployment, and profitability.
  • Support governance frameworks that align underwriting decisions with risk appetite and business objectives.
  • Serve as the primary operational liaison among Underwriting, Claims, Actuarial, Finance, Compliance, Distribution, and IT.
  • Coordinate enterprise initiatives requiring cross-functional alignment and execution.
  • Ensure underwriting priorities are reflected in strategic planning, operational initiatives, and resource allocation.
  • Drive transparency and communication across stakeholder groups.
  • Leverage operational and portfolio analytics to identify trends, opportunities, and areas for improvement.
  • Develop executive reporting and dashboards to support leadership decision-making.
  • Monitor portfolio performance metrics, operational KPIs, and strategic initiative outcomes.
  • Promote data-driven decision-making throughout the underwriting organization.
  • Support organizational change management and adoption of new processes and technologies.
  • Mentor leaders and team members to strengthen operational and strategic capabilities.

Qualifications

  • 10-15+ years of insurance industry experience within a broad array of professional liability products with significant exposure to underwriting operations, portfolio management, product leadership, or business strategy.
  • Deep understanding of underwriting processes, risk management principles, and portfolio performance metrics.
  • Proven experience leading cross-functional initiatives involving underwriting, technology, actuarial, claims, finance, and operations.
  • Strong analytical, strategic planning, and organizational leadership skills.
  • Demonstrated success driving operational transformation, process improvement, and technology adoption.
  • Exceptional communication and stakeholder management abilities, including executive-level presentation skills.
  • Improved underwriting efficiency and service delivery.
  • Increased use of technology, automation, and analytical tools.
  • Strong alignment of underwriting strategy across product lines and regions.
  • Delivery of strategic initiatives that support profitable growth and operational excellence

#LI-AB

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, demonstrated competencies, geographic location, and other factors. The national average salary range for the Director, Operations & Underwriting is $162,800 - $223,850/year with 55% incentive. The national average salary range for the Sr. Director, Operations & Underwriting is $188,880 - $259,710/year with 55% 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 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, 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.

Should you require any accommodation through the application process, please send an e-mail to therarecruiting@markel.com.

No agencies please.