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Markel Group

Three-engine financial holding: insurance, investments, ventures

Business Analyst - Financial Close, Reconciliation & Reporting

Full-TimePosted on 10/27/2026
$58.5k - $121.9k+ Annual incentive plan
Entry
Bachelor's
Richmond, VA, USA
In Person
AccountingFinancial Accounting
No H1B Sponsorship

About the job

Requirements
  • A bachelor's degree in Accounting, Finance, or a related field is required.
  • Experience in a Finance or Accounting role is required; internship or co-op experience is considered. Exposure to the month-end or quarter-end close process, account reconciliations, intercompany eliminations, financial consolidations, or FP&A functions such as budgeting, forecasting, and profitability analysis is preferred.
  • Proficiency with Excel and familiarity with ERP reports and standard Power BI outputs are required.
  • Ability to translate accounting and business needs into clear written requirements, with guidance from senior team members.
  • Strong attention to detail and organizational skills, with the ability to manage time and priorities effectively and meet deadlines consistently.
  • Strong written and verbal communication skills and the ability to work effectively across Finance and IT organizations.
  • Curiosity, willingness to learn, openness to feedback, and a collaborative, team-oriented approach.
  • Support for an environment that delivers automation and IT-based solutions, and the ability to adapt to new technologies.
  • Ability to adapt and pivot work responsibilities based on task prioritization.
  • US work authorization is required; visa sponsorship is not provided now or in the future.
Responsibilities
  • Apply accounting knowledge to review the reasonableness of consolidation results, reconciliation variances, and cost allocation outputs using standard templates, identifying and escalating discrepancies before they affect the close.
  • Support FP&A partners by helping validate that PCM allocation outputs align with how profitability results are analyzed and presented.
  • Assist in gathering and documenting business requirements for FCCS, ARCS, PCM, and reporting enhancements, working with senior team members to translate them into clear specifications for the IT functional team.
  • Build subject matter expertise across the Oracle EPM suite, focusing on FCCS, ARCS, and PCM, and develop a working understanding of how these applications integrate with upstream and downstream financial systems.
  • Support the reporting layer connecting Oracle EPM and ERP applications to downstream reporting via Oracle FDI and Power BI, developing working knowledge of data mappings, dimension crosswalks, and load rules in FDI, and data models, measures, and refresh logic in Power BI.
  • Support end-to-end testing for FCCS, ARCS, PCM, and reporting changes by executing test scenarios, documenting results, and tracking issues through to closure.
  • Act as an initial point of contact for production issues, performing first-level triage using accounting knowledge and coordinating resolution with senior team members and the appropriate technical teams.
  • Participate in improvement efforts to enhance close, reconciliation, and reporting processes through automation, learning to leverage Oracle's native capabilities, including intelligent matching in Account Reconciliation, automation and AI features within FCCS, and allocation automation within PCM.
  • Leverage AI and other available tools to support problem solving and stay current on emerging Oracle AI and automation capabilities.
  • Follow documented processes and controls; keep process documentation, control evidence, and governance documentation for FCCS, ARCS, PCM, FDI, Power BI, and reporting-related processes complete and up to date.
  • Assist with responses to external audit queries and delivery of supporting information requests.
  • Keep stakeholders informed of work in flight and capacity on a timely basis; proactively ask meaningful questions and build effective working relationships across Finance and IT.
  • Assist in developing best practice guidance and training materials that support Finance team members in using Oracle EPM and reporting tools.
  • Proactively identify process gaps and inefficiencies and raise them, along with suggested improvements, to the team.
Desired Qualifications
  • CPA or CMA is preferred but not required.
  • Prior experience with Oracle EPM applications (FCCS, ARCS, PCM), Oracle FDI, or financial systems is preferred but not required; training will be provided to the right candidate.
  • Exposure to Oracle products is preferred.

About the company

Markel Group operates as a financial holding company with a three-engine model: specialty insurance, investments, and Markel Ventures (a portfolio of non-insurance businesses). Specialty insurance focuses on hard-to-place or niche risks, underwriting and managing risk through its insurance subsidiaries. Profits from the insurance businesses are reinvested into investments and into acquiring and holding profitable non-insurance companies, creating a diversified, resilient enterprise. The group’s investment engine uses generated earnings to fund external acquisitions and capital growth, while Markel Ventures builds a broad portfolio of long-term holdings in various industries. What sets Markel apart is its deliberate diversification across three connected engines and a long-term, capital-accumulation approach known as the

Company Size

51-200

Company Stage

Post IPO Equity

Headquarters

Glen Allen, Virginia

Founded

1930

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Simplify's Take

What believers are saying

  • Q2 2026 combined ratio stayed in the low 90s, showing underwriting discipline.
  • Markel repurchased $237 million in Q2 2026, funded entirely by earnings.
  • AI partnerships with hyperexponential and Jump AI are automating Canadian underwriting workflows.

What critics are saying

  • JANA's breakup campaign risks a forced Markel Ventures divestiture and management distraction.
  • Q2 2026 included a $205 million State National reserve charge from a bankrupt capacity provider.
  • If losses persist, Markel's conglomerate premium collapses into breakup pressure.

What makes Markel Group unique

  • Markel’s three-engine model pairs specialty insurance, investments, and Markel Ventures.
  • It targets hard-to-place risks like fine art, construction, and casualty.
  • Patient capital lets Thomas Gayner hold businesses through cycles, unlike quarterly-focused insurers.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Company Match
  • Employee Stock Purchase Plan
  • Paid Vacation
  • Paid Holidays
  • Parental Leave
  • Flexible Work Hours
  • Remote Work Options

Company News

PR Newswire
Oct 15th, 2026
Markel appoints Josephine Stroud and Jenny McFarlane to London Marine & Energy Liability team

Markel Insurance has made two appointments to its Marine & Energy Liability underwriting team in London. Josephine Stroud becomes head of energy liability, and Jenny McFarlane joins as senior underwriter. The hires follow the launch of Markel's Marine Transportation business, which brings together Hull & Hull War, MECO, Marine & Energy Liabilities, and Transport & Logistics. The unit is led by Grant Smith. Stroud has more than 18 years' experience in liability broking and underwriting, most recently at AXA XL. She will underwrite multi-line, cross-class facilities alongside Rhys O'Neill, head of marine liability. McFarlane joins from Tokio Marine HCC International, with more than eight years' experience in the field. She will help develop new wordings and drive broker engagement.

PR Newswire
Oct 8th, 2026
Markel International launches CORE property offering for US chemical, oil and gas businesses

Markel Insurance has launched its Chemical, Oil & Gas related Energy Property offering for small to midsize US-domiciled businesses. The new CORE product provides tailored cover for property damage, business interruption, and equipment breakdown, with protection against natural catastrophe exposures including flood, windstorm, and earthquake, offering limits up to $50 million. Candice Walker has been appointed Head of First-Party Energy to lead the new offering's development. Walker brings over 20 years of property insurance experience and has been with Markel since 2015. Michael McClain joins as Senior Underwriter – Energy, reporting to Walker from Texas. McClain previously served as Manager of Technical Operations at Tomorrow RNG, an Enbridge subsidiary, and held senior roles at Aethon Energy managing multimillion-dollar oil and gas infrastructure projects. The offering strengthens Markel's US First-Party Energy proposition across chemical, oil, gas, and broader energy sectors.

Yahoo Finance
Aug 4th, 2026
Markel posts Q2 revenue of $4.02B but misses profit by 35% on $205M reserve charge

Markel Group reported Q2 revenue of $4.02 billion, beating analyst estimates but remaining flat year-on-year. However, adjusted earnings per share of $19.79 missed expectations by 35.3%, falling short of the $30.57 consensus. The profit shortfall stemmed from a $205 million reserve charge related to a credit loss in the State National business — the first such loss in over 40 years. CEO Thomas Gayner attributed this to "a unique and unfortunate confluence of events". Despite the charge, core insurance operations showed improvement, with a combined ratio in the low 90s and 10% growth in continuing business lines. Markel is investing heavily in artificial intelligence to enhance underwriting efficiency. The company launched Cortex, a new unit for hard-to-place casualty risks, and deployed AI tools across six business lines. The insurer repurchased $237 million in shares during the quarter, funded by earnings.

Yahoo Finance
Jul 29th, 2026
Markel Group beats Q2 revenue estimates with $4.02B as CEO touts improved underwriting

Markel Group reported Q2 2026 revenue of $4.02 billion, beating analyst estimates of $3.97 billion by 1.2%, though sales remained flat year on year. The specialty insurance company's GAAP profit of $92.76 per share exceeded consensus estimates by 13.9%. Net premiums earned reached $2.07 billion, surpassing expectations of $2.03 billion despite a 3.3% year-on-year decline. The combined ratio came in at 93%, slightly missing the analyst estimate of 92.1%. Chief executive Tom Gayner highlighted improved insurance underwriting and strong cash flow generation in the first half of 2026. The company continued share repurchases funded from net earnings. Over the past five years, Markel Group has grown revenue at a 9% compounded annual growth rate. However, recent performance shows slowing momentum, with annualised revenue growth of 2.6% over the last two years.

Yahoo Finance
Jul 2nd, 2026
Markel Group dropped from multiple Russell growth indexes at once

Markel Group has been removed from several Russell growth and midcap indexes in a single rebalancing, with changes taking effect at the latest Russell index reconstitution. The exclusion prompted adjustments by index-tracking funds and may affect trading activity, liquidity and visibility amongst institutional and passive investors. The diversified financial holding company, which operates across insurance, reinsurance and investment operations, reported flat first-quarter revenue and a $273 million operating loss driven by $727.6 million in net investment losses. However, its combined ratio improved from 96% to 93%. The index removal reflects how certain investor groups view the stock rather than changes in underlying operations. Active investors may monitor fund flow data and liquidity trends to assess whether index-related selling continues to influence trading volumes.