US and Bermuda Compensation Partner/ Sr. Compensation Partner

Markel • Richmond, VA

6d • $108,800 - $276,600

About The Position

Markel is seeking an experienced Compensation Partner to support its US and Bermuda Insurance business. As a member of the HR team, this role helps ensure pay programs and structures are competitive, equitable, and aligned with business strategy to attract and retain talent. The ideal candidate is a strategic thinker with a deep understanding of compensation frameworks and regulatory compliance; experience with the underwriting job family is desirable.

The role advises business leaders, HR Business Partners, and managers on compensation philosophy, market competitiveness, pay decisions, and related programs. It conducts market pricing and benchmarking, prepares recommendations and analyses for talent actions, supports job evaluation and leveling, and presents complex compensation insights to HR and business leaders. The position also develops compensation analytics and reporting, helps modernize compensation operations through technology, collaborates across HR, Finance, Talent Acquisition, and business leadership, guides client groups through compensation cycles, and leads strategic projects while ensuring regulatory compliance.

The position requires US work authorization. Markel does not provide visa sponsorship for this role. The role may be eligible to participate in the Company's annual incentive plan.

Requirements

• At least 8–10 years of progressive experience in Compensation.
• At least 5 years of experience in business partnering or consulting.
• Experience and understanding of complex total reward compensation plans and awards.
• Strong communication and presentation skills, including the ability to explain complex topics and HR processes persuasively and pragmatically.
• Advanced Excel experience, including the ability to model and interpret data and present information at an executive level.
• Ability to work independently and manage a varied range of activities and projects with a positive attitude.
• Role-model the Markel Style with a high level of integrity and discretion.
• US work authorization is required; Markel does not provide visa sponsorship now or in the future.

Nice To Haves

• Experience in underwriting compensation.
• Experience with Workday.
• Experience with benchmarking tools such as Market Pay.
• Experience with M&A activity.

Responsibilities

• Serve as a strategic compensation advisor to business leaders, HR Business Partners, and managers on compensation philosophy, market competitiveness, pay decisions, and compensation-related programs.
• Conduct market pricing and compensation benchmarking using multiple survey sources and external market data.
• Prepare compensation recommendations and analyses for promotions, organizational changes, offer evaluations, and complex compensation decisions.
• Partner with HR Business Partners and business leaders on job evaluation and leveling, aligning roles with the organization's career framework and compensation structures.
• Conduct complex compensation analyses and create presentations that synthesize data, market intelligence, and business context into insights and recommendations.
• Present findings to HR and business leaders to support compensation strategy, talent decisions, workforce planning, and organizational effectiveness.
• Develop compensation analytics, dashboards, and reporting tools to provide insights into pay competitiveness, workforce trends, and program effectiveness.
• Champion adoption of new technologies and analytical tools to modernize compensation operations and consulting, improve stakeholder experiences, increase productivity, and deliver data-driven insights at scale.
• Collaborate with HR, Finance, Talent Acquisition, and business leadership to support business objectives, talent strategies, regulatory compliance, and internal equity.
• Partner with HR Business Partners and business leaders to harmonize compensation programs, plans, and processes on enterprise-wide initiatives.
• Guide client groups through mid-year and year-end compensation cycles.
• Lead strategic compensation projects across different client groups.
• Ensure compliance with regulatory requirements.

Benefits

• Multiple health, dental, and vision insurance plan options for full-time employees.
• Optional life, disability, and AD&D insurance.
• 401(k) with employer match contributions.
• Employee Stock Purchase Plan.
• PTO.
• Corporate holidays and floating holidays.
• Parental leave.
• Possible participation in the Company's annual incentive plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed