Head of Portfolio Analytics, U.S. & BermudaMarkel • Richmond, VA, US

Head of Portfolio Analytics, U.S. & Bermuda

Markel • Richmond, VA, US

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Head of Portfolio Analytics

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! 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.

Extracting value from data is critical to delivering Markel's strategic ambitions. We are investing in our data and analytics capabilities so that we can deliver sharp insights to support front-end underwriting and claims teams. As a result, we are establishing the U.S. and Bermuda Portfolio Analytics team. Under the leadership of a newly appointed Head of Portfolio Analytics, this team will bring together analytics, reporting, and technical pricing capabilities carried out across the U.S. and Bermuda and will continue to build on their transformational initiatives. In this role, you will be entrusted with setting the vision and direction for our portfolio analytics strategy and leading our transformation in this space.

The Portfolio Analytics team will be comprised of professionals with a wide range of technical skillsets, including data scientists, actuaries, portfolio managers, data engineers, and data visualization developers. We envision a dynamic, underwriter-centered team that serves the underwriter as their 'customer' identifying trends early, delivering actionable insights built on clean data flows, and integrating actuarial models into daily workflows. Our Portfolio Analytics team will be free from the corporate financial calendar, aligned to business priorities and enabled to put the customer at the center of everything they do. Additionally, the team will establish regional connection points to better serve the Wholesale and Specialty underwriting teams located across the U.S..

What We Ask Of You

Create and communicate a vision for portfolio analytics that engages and excites both business stakeholders and technical teams, demonstrating how Markel can derive tangible business benefits from data.
Build a market-leading Portfolio Analytics team, bringing together a wide range of technical skillsets (actuarial, data science, data engineering, analytic engineering, etc.) 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.

What You Will Bring To The Role

The successful candidate will have :

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.

Our Values

We're all about people :

Empowering them, supporting them, and helping protect what matters most to them.

We put people first, and stay true to our word, because we believe in the power of relationships and doing what's right.

We win together :

We work as a team, exchanging ideas, supporting each other, and respecting everyone's opinion.

Because together we know we can achieve great things.

We strive for better :

We aspire to lead and win in all that we do.

Aiming for excellence, and finding a better way of doing things, is up to us all.

We enjoy the everyday :

We are dedicated to our work, but we always keep a sense of humor and leave our egos at the door.

We think further :

We are committed to building a legacy and making decisions that leave a lasting impact on our customers, partners, employees, and communities.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also supportive of candidates looking for flexible working patterns.

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay information : The career level and base salary offered for the successful candidate will be based on compensable factors such as Geographic location, job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, and other factors. The national average salary for the Managing Director, Head of Portfolio Analytics, U.S. & Bermuda is $220,000

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Head Of • Richmond, VA, US