Full-Time

Senior Auditor

Internal Audit

Updated on 3/14/2025

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

No salary listed

Senior

London, UK

This is a hybrid position, indicating that some in-office days are required.

Category
Auditing
Accounting
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • ACCA or equivalent, Internal Audit or Risk Certifications preferred (UK)
  • Strong communication skills with the ability to make presentations to leadership.
  • Analyse processes and recommend alternatives to mitigate risks.
  • Ability to take ownership for small to medium sized projects.
  • Excellent Excel skills and having experience of using data analysis tools would be beneficial
  • Internal Audit experience in financial services, preferably within the insurance industry.
  • Experience in the insurance industry or financial services operations would be useful.
Responsibilities
  • Identify, understand, and assess Markel's risks, controls, and governance and communicate the results of your work to audit clients and other stakeholders.
  • Plan, organise, and prioritise activities in order to complete assigned tasks in a timely and efficient manner with minimal oversight.
  • Assist and/or lead in planning the audit scope, preparing the audit program, and applying appropriate auditing procedures.
  • Identify issues, deviations, and root causes and effectively communicate (both written and verbal) issues and proposed solutions to audit management and clients and then diligently follow-up on actions through to closure.
  • Prepare and organise work papers, document conclusions, and prepare formal audit reports in accordance with established guidelines.
  • Work collaboratively within the Audit department, look to build and foster internal customer relationships, and maintain a positive working relationship with external auditors.
  • Have a basic understanding of IT General Controls and can complete defined audit program steps in this area.
  • Provide input and suggest improvements to audit department internal processes.
  • Willing and able to provide constructive feedback to other auditors. Looks to share knowledge/expertise gained from experience.
  • Use data analysis techniques within an audit to accomplish audit objectives and to present the visual results.
Desired Qualifications
  • Internal Audit or Risk Certifications preferred (UK)
  • Experience in the insurance industry or financial services operations would be useful.

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles such as yachts and motorcycles. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to innovate and find better solutions. The company's goal is to lead in their industry by understanding customer needs and delivering quality products and services while fostering a supportive work environment.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for cyber insurance offers Markel expansion opportunities.
  • AI and machine learning can improve Markel's underwriting and claims efficiency.
  • The gig economy creates demand for new insurance products Markel can offer.

What critics are saying

  • Increased competition in specialty insurance threatens Markel's market share.
  • Integrating Guidewire Cloud may cause operational disruptions if not managed well.
  • Tony Markel's retirement could lead to strategic instability during transition.

What makes Markel unique

  • Markel specializes in hard-to-place risks for niche markets like equine and marine.
  • Markel's flexible approach encourages innovation and personal potential in employees.
  • Markel's global presence and Fortune 500 status enhance its market credibility.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan

Company News

Procurement Magazine
Mar 17th, 2025
Markel Group appoints Simon Wilson as Chief Executive Officer of Markel Insurance

Markel Group appoints Simon Wilson as Chief Executive Officer of Markel Insurance.

Procurement Magazine
Mar 17th, 2025
Tony Markel to retire as Vice Chairman of Markel Group in May 2025 and Jon Michael joins Board of Directors

Tony Markel to retire as Vice Chairman of Markel Group in May 2025 and Jon Michael joins Board of Directors.

MarketBeat
Mar 14th, 2025
Proficio Capital Partners LLC Invests $169.85 Million in Markel Group Inc. (NYSE:MKL)

Proficio Capital Partners LLC invests $169.85 Million in Markel Group Inc. (NYSE:MKL).

MarketBeat
Mar 12th, 2025
Generali Investments CEE investicni spolecnost a.s. Makes New Investment in Markel Group Inc. (NYSE:MKL)

Generali Investments CEE investicni spolecnost a.s. Makes new Investment in Markel Group Inc. (NYSE:MKL).

Reinsurance News
Mar 7th, 2025
Markel Specialty strengthens SE Excess Casualty leadership team

Markel, the insurance division of Markel Group Inc., has announced the promotion of Nan Fine to Managing Director, Casualty, Southeast Region at Markel Specialty, and the appointment of Hillary Warren as Manager, Commercial Wholesale Excess Casualty, Southeast Region.