What we look for
Our exceptional and motivated employees are our greatest strength. Our employees provide the highest level of customer service and help maintain our position as a leader in the global marketplace.

Markel Style
The Markel Style is what makes us stand out from our competitors. It's our core value which should underpin how we do business, while influencing our behavior and performance. We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below.

If you think you have these core attributes we want to hear from you.

Job Summary:

Leads pricing and rate adequacy work for Specialty lines by creating and/or overseeing the creation of tools to increase pricing capabilities and the ability to measure rate adequacy to ensure long term portfolio management and profitability of Specialty. The role requires working across the MKL insurance platforms to leverage information and best practices. As a newly created role it requires a strategic mindset and creativity.

Job Responsibilities

• Develop and manage an inventory of pricing capabilities and tools across the Specialty Lines portfolio of products; to include:
  • Overall rate need
  • Pricing sophistication/segmentation analysis to include multivariate modeling where appropriate.
  • Analysis and impact of loss and premium trends
  • Measurement of non-pricing changes on future profitability
• Determine priority, set strategy and provide oversight for pricing model creation, implementation and ongoing management of the tools.
• Close collaboration with various parts of the organization:
  • Specialty CUO EUOs and Product Leaders;
  • MINT – learn from their work and import wherever possible;
  • Actuarial-  for lines of business where they will build tools;
  • Claims
  • Global EUOs and enterprise risk management;
  • PRS;
  • IT and operations 
• Lead and manage the creation and dissemination of pricing and rate adequacy information to EUOs and Product leaders to ensure underwriting strategies are sound.
• Determine and utilize best sources of third-party data for profitability.
• Communication with senior leaders to provide accurate and timely information which enhances portfolio management
• Work with risk management underwriters for pricing on individual risks

Required Skills and Competencies:           

• Strong analytical skills with deep expertise in pricing and rate adequacy; ability to build pricing models and tracking tools; expertise in Excel and modeling tools
• Strong communication skills with track record of communicating at various levels of the organization
• Excellent collaboration skills and an ability to build relationships internally and externally
• Knowledge of Specialty lines of business and systems
• Entrepreneurial with demonstrated track record of identifying opportunities and/or gaps and creating solutions
• Highly organized and ability to work independently
• Takes risks using data and analytical thinking to make decisions
• Passion for learning and not afraid of short-term failure using it to learn and further advance the business

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work. We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life. All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance. We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.  

Salary range: $174k to $210k

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. 

“Why work for us?”

Diversity and inclusion
Markel is truly a global and diverse company. We believe that diversity makes us better business partners and that embracing people’s differences can bring amazing results and fuel innovation. We have a portfolio of businesses and product lines that operate around the world.

Community involvement
Markel has a rich heritage of supporting communities across the world where our customers and employees live and work. Giving back is part of our history and our future. Our employees share in this philosophy through volunteering, mentoring and fundraising.

Commitment to open doors

Markel is committed to creating the best work environment. Our open-door policy is essential in recognizing business issues as they rise and to address the changing needs of our diverse and global workforce. Challenging management is a component of the Markel Style—some of our best ideas start from a conversation between a manager and an employee.

Entrepreneurial spirit

As the Markel Style states, we pursue excellence, strive for a better way, and share the success of others. Markel associates proactively seek new business opportunities, bringing further success to Markel.