Capital Analyst / Senior Capital Analyst

Markel • Richmond, VA

5d • Hybrid

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! The primary responsibilities of this role are 1) to lead, develop and support the capital team executing capital modelling and management activities for Markel Corporation in whole and its regulated insurance entities and 2) to drive improvements in talent, processes and tools that support capital allocation decisions across the company. This role is responsible for being one of the lead supports for capital analysis & communication for Markel management. Analysis and reporting performed by the team is used by senior leaders to drive data-informed decisions at group, division, legal entity and product line levels. Active collaboration with global 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 is critical to the success of this role. Strong communication skills are essential. This position will report to the Global Capital Manager based in Richmond, VA.

Requirements

• Bachelor’s degree in a numeric discipline such as finance, accounting, actuarial.
• 1-5 years of related experience – corporate FP&A, capital management, accounting, investments etc.
• Experience in creating/analyzing/summarizing financial statement forecasts on a regular basis, automation to processes and an ability to strategically streamline, and understanding of financial processes and systems is preferred.
• Experience in financial modelling & quantitative interpretation of data.
• Data manipulation experience is a must.
• Strong people skills with ability to elevate individuals and teams in a dynamic work environment. Be able to work across departments, disciplines and geographies with sufficient authority.
• Excellent verbal and written communications skills. A customer service mindset with a track record of effective and persuasive communication at all levels of an organization.
• Experience with managing your tasks within team workflows and generating impactful reporting for a wide range of audiences.
• 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.
• US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Nice To Haves

• Graduate degree is a plus, but not required.
• CPA, CFA, or another financial certification is a plus, but not required.
• Experience within a global insurance organization is desired.
• Experience with global, US, EU (Solvency II) and Bermuda regulatory and rating agency capital requirements, models and methodologies is a plus.
• Experience with Power BI, Power Query, SQL is desired.

Responsibilities

• Support the capital team in preparing quarterly Solvency Capital Requirement (SCR) outputs for Markel insurance entities.
• Participates in the ongoing update of UW target setting models used in capital allocation across insurance.
• Analyze and report on performance vs. budget and support the communication to the business.
• Maintain proper data flows from key data providers to the capital models.
• Challenge current processes and constantly be thinking of better ways to receive and send information.
• Facilitate the update of insurance and global return on capital analysis models used to evaluate company performance.
• Create digestible stories for leadership based on quarterly results.
• Partner with the FP&A team and financial planning capital manager to properly input business plans into the capital models and reconcile results.
• Digest model use requests from leadership and support the Global Capital Managers in performing ad-hoc time sensitive analysis used to drive strategy and business decisions in real time.
• Help to embed the use of capital modelling at Markel. This may involve education and presentation sessions to business stakeholders, communication with senior management and working with the actuarial reserving and pricing teams.
• Partner with various teams across finance to effectively manage relationships and requirements of Markel's rating agencies. Ensuring that work is delivered on time and to a high standard.
• Represent the capital department on cross-functional workstreams.
• Support corporate goals and principles and communicating those to members of the team.
• Work with multiple internal teams to gain a deeper understanding of financial data, to confirm assumptions, and validate output of analyses.
• Document standard processes and process workflows.

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: Entry Level