Markel-posted 2 months ago
$220,000 - $330,000/Yr
Full-time • Senior
Chicago, IL
5,001-10,000 employees

At Markel, we believe that what we do really matters. And that every one of us has the power to make a difference. To us, insurance is more than a piece of paper. It’s a promise to help people get back on their feet. It’s a commitment that gives people the courage to take chances. And in uncertain times, it’s the fuel that moves the world forward. Since the very start, we’ve used our ingenuity to insure risks that others can’t. Finding smart solutions to complex problems, so people can live their lives and seize opportunities. Our style is about focusing on people’s needs, not just words on a page. It’s about building relationships and connecting as humans. And ultimately, it’s about being there for people when they need us most. In our eyes, our journey is just beginning. Together, we’re building a business that supports more people, in more places. But unlike our peers, we’ll never lose our people-first focus as we grow. Because you will always be what makes Markel special. And what continues to power this business forward.

  • Create and communicate a vision for portfolio analytics that engages and excites both business stakeholders and technical teams.
  • Build a market-leading Portfolio Analytics team, bringing together a wide range of technical skillsets as well as deep domain knowledge into a cohesive team that is collaborative, customer-focused and innovative.
  • Work with leaders from our five Regions to prioritize portfolio analytics efforts, balancing delivering immediate value with developing capabilities that will be needed to meet the longer-term strategic ambitions of the business.
  • Drive the development of a data-centric culture and adoption of analytics products across Underwriting and Claims teams.
  • Oversee the relevant functional areas, including portfolio management / business partnering, data engineering, data science, advanced analytics, and technical pricing.
  • Ensure each area is a center of excellence and that they collaborate to create an analytics capability that is bigger than the sum of its parts.
  • Ensure strong partnership and alignment on priorities with the product-centric teams within the Corporate Actuarial team and the CUO function.
  • Work cohesively on setting, executing, and monitoring underwriting strategies.
  • Drive improvements in the sophistication and adoption of technical pricing models and portfolio management tools with the aim of improving risk selection and reducing loss ratios.
  • Close collaboration with IT Data Services, ensuring efficiency in data processing and delivery of a single version of the truth.
  • Promote the use of third-party data and development of advanced analytics techniques with a focus on directing effort and budget to the areas that will add the greatest value.
  • Ensure there are robust controls in place across the department, balancing agility with safety.
  • Bachelor’s degree in Actuarial Science, Statistics, or related field; credentialled Actuary belonging to a globally recognized Actuarial Society preferred.
  • Minimum of 15 years of experience in actuarial roles within the insurance industry, with an emphasis placed on experience in U.S. Wholesale and Specialty insurance.
  • Exceptional communication skills, capable of conveying a strategic vision and galvanizing support from a wide range of stakeholders.
  • Ability to set a vision for this new team and create a compelling course of action across the business that inspires and enlists others to take action.
  • Proven people leadership skills, with experience of bringing together diverse, technical skillsets and creating the right environment for them to thrive.
  • Commercial acumen and strong understanding of Markel’s strategy and priorities.
  • Experience in building alliances and cultivating deep and broad relationships across large organizations.
  • Ability to connect with and speak the language of the businesses we support, from line underwriter to executive.
  • Track record of leading high-performing teams and delivering value to Insurance organizations through pricing, portfolio management, and analytics.
  • Ability to work across functional areas, gain buy-in, and persuade across the organization in order to achieve mutually beneficial objectives.
  • Ability to attract, develop, coach, and retain employees for competitive advantage.
  • Significant pricing actuarial experience at a Commercial or Specialty Insurer.
  • Excellent understanding of insurance data, particularly with regards to Commercial and Specialty insurance in the U.S. and Bermuda markets.
  • Original thinking and creative problem-solving skills to any given situation, driving for improved processes, systems, products, or services in order for Markel to establish and maintain a competitive edge.
  • The ability to stay ahead of external trends and promote a culture of continuous improvement.
  • Possession of a steady, earnest, and energetic work ethic, focusing energy on most critical tasks.
  • Multiple health, dental and vision insurance plan options.
  • 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.
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