CFO – Wholesale & Specialty Division

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! Markel is seeking a CFO to support our Wholesale & Specialty division. The ideal candidate will have extensive experience in the U.S. E&S and Admitted insurance market, as well as a demonstrated track record of financial and operational business partnering. In addition, the candidate will need a strong understanding of both actuarial pricing and reserving techniques and results.

This individual will be a critical part of the Wholesale and Specialty executive leadership team bringing financial and operational acumen along with appropriate analysis and challenge to the business while consistently demonstrating the principles outlined in the Markel Style.

Key Responsibilities  

• Financial Leadership: Oversee the financial operations of the Specialty and Wholesale Insurance Division, ensuring alignment with the company’s strategic goals.
• Business Leadership:   Be an active and engaged member of the Wholesale and Specialty executive leadership team – participating in strategic planning discussions, challenging the business to reach financial outcomes, and interpreting and communicating financial results back to business leadership. 
• Operational oversite:  Lead and develop integrated strategies for key operational teams within the Wholesale and Specialty division.   
• Actuarial Engagement: Serve as primary business liaison with the actuarial function, partnering with the divisional chief actuary around reserving and pricing work priorities, deliverables, and communication.
• Strategic Planning: Develop and implement financial strategies that support long-term growth and profitability.  Support business growth initiatives with appropriate financial and capital returns analysis. 
• Budgeting and Forecasting: Lead the budgeting, forecasting, and financial planning processes to ensure accurate and timely reporting to executive leadership
• Risk Management: Identify and manage financial risks to the division and divisional plans to protect the division’s assets and reputation.
• Business Partnering:  Be the voice of the division within Markel’s global finance function and be the voice of global finance within the division around financial outcomes, metrics, incentives, and strategic planning.   
• Team Leadership: Build and lead a high-performing team, fostering a culture of excellence and continuous improvement.
• Stakeholder Engagement: Collaborate with internal and external stakeholders, including senior management, brokers & agents, reinsurers, key customers and auditors. 
• Facilitate strong relationships with group CFO, accounting, capital, treasury, and FP&A finance support teams to best service the division’s success.   
• Financial Analysis: Conduct detailed financial analyses to support decision-making and drive business performance.

Qualifications

• Education: Bachelor’s degree in Finance, Accounting, Actuarial Science, or a related field; MBA or professional certifications such as CPA, CPCU or CFA are preferred.
• Experience:
  • Minimum of 10 years of experience in financial management within the insurance industry, with an emphasis placed on experience in U.S.   specialty and wholesale insurance.
  • Extensive experience working with data in support of actuarial pricing and reserving is required. 
  • Demonstrated experience interpreting and presenting financial results to executive leadership. 
• Skills: Strong analytical and problem-solving skills, with the ability to interpret complex financial data. Excellent communication and leadership skills.
• Knowledge: In-depth knowledge of insurance accounting principles, actuarial pricing and reserving practices, and insurance financial regulations.

US Work Authorization

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

Pay information:

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary for the CFO, Wholesale & Specialty Division is $290,000 - $355,000 with 65% short-term incentive and 35% long-term incentive.