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Looking for a role that will support and manage capital models?
We are looking for an individual to lead, develop and support the actuaries and analysts executing capital planning and management activities for Markel
What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. Because, at Markel, the work you do gives people the confidence to move forward and seize opportunities. Whether you’re wild about horses, bananas for boats, or driven by data, 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 realise our potential, we can help others reach theirs.
Join us and play your part in something special!
The opportunity:
The primary responsibilities of this role are to lead, develop and support the actuaries and analysts executing capital planning and management activities for Markel Corporation in whole and its regulated insurance entities and to drive improvements in talent, processes and tools that support capital allocation decisions across the company.
The role is responsible for Financial Planning and Reporting of the Internal Model and will require collaboration and support for: capital model architecture, business support and regulatory reporting. Analysis and reporting performed by the team is used by senior leaders to drive data-informed decisions at group, division, legal entity and product lines levels
Active collaboration with other capital team managers as well as key stakeholders and business partners across underwriting, finance & actuarial, strategy, risk management and other functions is required. Maintaining strong working relationships across the company are critical to the success of this role. Strong communication skills are essential
This position may include the management of one or more direct reports within a shared team structure and report to the Global Head of Capital
Support and manage capital models for regulatory purposes including preparation of the quarterly Solvency II Solvency Capital Requirement (SCR), Bermuda Solvency Capital Requirement (BSCR) and other regulatory, rating agency and internal capital requirements
Providing performance guidance and coaching to other members of the team on Financial Planning and Reporting for the Internal Model. Collaborating with other capital managers regarding planning, prioritizing and executing work performed by the team
Ensuring that work is delivered on time and to a high standard
Represent the capital team on cross-functional teams
Support corporate goals and principles and communicating those to members of the team
Objective setting and performance management from a team perspective
Deep understanding of Solvency II and accounting regulations, regulatory returns such as the PRA’s IMO and Lloyds’ LCR, and their applications in capital management is required
Strong experience in a capital accountant, actuary or associate position within an insurance organization
Qualified member of an Accounting Body / Chartered Financial Analyst / the Institute and Faculty of Actuaries or Associate / Fellow of Casualty Actuarial Society preferred or equivalent
Experience with stochastic capital model updates, model parameterization and/or validation is required. Specific experience with WTW's Igloo Capital Model (ICM) is preferred
Experience with global, US, EU (Solvency II) and Bermuda regulatory and rating agency capital requirements, models and methodologies is preferred
Experience in updating on a regular basis a multi-entity Internal Model’s balance sheet and income statement including its key components and being outward facing to Finance
Working on automations to processes and an ability to strategically streamline
Strong experience in capital modelling & analysis with experience in a senior contributor role. Experience within a global insurance organization is preferred
Experience with managing team workflows and generating impactful capital reporting for a wide range of audiences
Strong people skills with ability to elevate individuals and teams in a dynamic work environment
Team player who can excel in a highly collaborative team environment and can work closely with team leadership to contribute to and execute team strategies and plans
A customer service mindset with a track record of effective and persuasive communication at all levels of an organization
Be able to work across departments, disciplines and geographies with sufficient authority
Excellent verbal and written communications skills
Markel Corporation (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
Avencia Consulting are an RPO who provide a recruitment service to our client Markel International.
- A great salary plus additional bonus, incentives & benefits
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
- Fantastic company-matched pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, a cycle2work scheme, green car benefit scheme, season ticket loan as well as other great benefits on offer!
What we hope you’ll do next:
Choose ‘Apply now’ to fill out our short application, so that we can find out more about you.
We’re an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic.
We recruit and develop our people based on merit and passion, and we’re committed to creating an inclusive environment for all employees.
We want to ensure that you have a positive experience applying for a role at Markel and are able to perform at your best. If there are any adjustments we can reasonably make to ensure the process is accessible for you at every stage please let us know.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request an accommodation.