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Markel

Diversified specialty insurer with tailored solutions

Compensation Partner / Senior Compensation Partner

Compensation & BenefitsConfirmed live in the last 24 hours
Full-timeRichmond, VA, USAIn-person

About the Job

Requirements

  • At least 8–10 years of progressive experience in compensation; experience in underwriting compensation is desirable.
  • At least 5 years of experience in business partnering or consulting.
  • Prior experience and understanding of complex total reward compensation plans and awards.
  • Strong communication and presentation skills, including the ability to explain complex information and human resources processes persuasively and pragmatically.
  • Advanced Excel experience, including modeling and interpreting data and presenting information at an executive level.
  • Ability to work independently and manage a varied range of activities and projects.
  • Experience with Workday is desirable.
  • Experience with benchmarking tools such as Market Pay is desirable.
  • Experience with mergers and acquisitions activity is desirable.
  • High integrity and discretion.

Responsibilities

  • Serve as a strategic compensation advisor to business leaders, Human Resources Business Partners, and managers, providing guidance on compensation philosophy, market competitiveness, pay decisions, and compensation-related programs.
  • Conduct market pricing and compensation benchmarking using multiple survey sources and external market data to develop competitive pay recommendations and support talent decisions.
  • Prepare compensation recommendations and analyses for talent actions, including promotions, organizational changes, offer evaluations, and complex compensation decisions.
  • Partner with Human Resources Business Partners and business leaders on job evaluation and leveling, ensuring roles are aligned with the organization's career framework and compensation structures.
  • Conduct complex compensation analyses and develop presentations that synthesize data, market intelligence, and business context into insights and recommendations; present findings to Human Resources and business leaders to support compensation strategy, talent decisions, workforce planning, and organizational effectiveness.
  • Develop compensation analytics, dashboards, and reporting tools that provide insights into pay competitiveness, workforce trends, and compensation program effectiveness.
  • Promote adoption of new technologies and analytical tools to modernize compensation operations and consulting, improve stakeholder experiences, increase productivity, and deliver data-driven insights at scale.
  • Collaborate with Human Resources, Finance, Talent Acquisition, and business leadership teams to ensure compensation programs support business objectives, talent strategies, regulatory compliance, and internal equity.
  • Partner with Human Resources Business Partners and business leaders to harmonize compensation programs, plans, and processes on enterprise-wide initiatives.
  • Guide client groups through mid-year and year-end compensation cycles.
  • Lead strategic compensation projects across different client groups.
  • Ensure compliance with regulatory requirements.

Desired Qualifications

  • Experience in underwriting compensation.
  • Experience with Workday.
  • Experience with benchmarking tools such as Market Pay.
  • Experience with mergers and acquisitions activity.

About the Company

Markel

Diversified specialty insurer with tailored solutions

Markel sells specialized insurance, reinsurance, and risk-solutions through divisions like Markel Specialty, Markel International, Markel Global Reinsurance, State National, and Nephila. Its products bundle underwriting, tailored policy structures, and risk-transfer tools, including insurance-linked securities, to fit complex client needs. The company differentiates itself by operating multiple complementary lines as one group and following the Markel Style to focus on long-term partnerships with brokers and clients. Its goal is to be a dependable, long-term partner that provides customized risk transfer solutions and support.

Company size
1,001-5,000
Company stage
IPO
Headquarters
Glen Allen, Virginia
Founded
1930

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