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Specialty Compensation Partner

3 months ago

Richmond, United States Markel Full time

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

We are seeking an experienced Compensation Partner supporting our Specialty Underwriting (UW) division. This role will be a member of the HR team and will help ensure the pay programs and structures that support the Specialty UW division (our largest division) are competitive, equitable, and aligned with our business strategy to help attract and retain top talent globally. The ideal candidate will be a strategic thinker with a deep understanding of compensation frameworks, regulatory compliance and ideally the underwriting job family.

Duties and responsibilities

  • Working closely with HRBPs and business leaders to develop roadmap and recommend strategies and design solutions that leverage our global compensation programs and align to our global guiding principles; ensuring collaboration and consultation with key HR positions including Global Compensation, Executive Compensation, and other senior HR leaders.
  • Benchmark roles and analyze market data to ensure competitive compensation levels and stay informed about compensation trends.
  • Conduct detailed analyses and create presentations related to various compensation scenarios.
  • Provide expert advice and market intelligence on complex compensation issues and propose solutions.
  • Partner with HRBPs and business leaders to harmonize compensation programs, plans, and processes on enterprise-wide initiatives.
  • Guide client groups through year-end compensation cycles.
  • Lead strategic compensation projects across different client groups.
  • Work with business and recruiters to design competitive offer packages for external hires.
  • Ensure compliance with regulatory requirements.
What you will bring to the role
  • At least 5 years experience in Compensation ; experience in the insurance industry
  • At least 5 years experience in business partnering or consulting
  • Be able to demonstrate prior experience and understanding of complex total reward compensation plans and awards
  • Demonstrate strong communication and presentation skills with the ability to message complex and/or HR process in in a persuasive and pragmatic way
  • Advanced Excel experience, with an ability to model and interpret data as well as presenting information at an executive level
  • Able to work independently with the ability to manage a varied range of activities and projects with a positive attitude
  • Experience with Workday desirable
  • Experience with benchmarking tools such as Market Pay desirable
  • Experience of M&A activity desirable
  • Role model the Markel Style with a high level of integrity and discretion

Who we are:

Markel Group (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We're all about people | We win together | We strive for better

We enjoy the everyday | We think further

What's in it for you:

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.
  • Markel offers hybrid working schedules of 3 days in the office and 2 days remote.
Are you ready to play your part?

Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

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.

Caution: Employment scams

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:
  • All legitimate job postings with Markel will be posted on Markel Group Careers.
  • All legitimate communications with Markel recruiters will come from Markel.com email addresses.
We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.

Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com.

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