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Compensation Strategy Partner

2 months ago

Richmond, Virginia, United States Markel Full time

Role Overview:
If you are seeking an opportunity to create a significant impact, this position is for you. At Markel, we empower individuals to confidently pursue their ambitions, and you will be an integral part of our global network of innovators and solution-oriented professionals. We continuously challenge one another to excel, believing that by unlocking our potential, we can assist others in achieving theirs.

Position Summary:
We are in search of a seasoned Compensation Partner to support our Specialty Underwriting (UW) division. This role is a vital component of the HR team, tasked with ensuring that the compensation programs and structures for the Specialty UW division, our largest sector, are competitive, fair, and aligned with our business objectives to attract and retain exceptional talent worldwide. The ideal candidate will possess strategic insight, a comprehensive understanding of compensation frameworks, regulatory compliance, and preferably experience within the underwriting job family.

Key Responsibilities:

  • Collaborate closely with HR Business Partners (HRBPs) and business leaders to formulate a strategic roadmap, recommending solutions that leverage our global compensation programs while adhering to our guiding principles; ensuring effective collaboration with key HR roles including Global Compensation and Executive Compensation.
  • Conduct benchmarking of roles and analyze market data to maintain competitive compensation levels while staying abreast of industry trends.
  • Perform in-depth analyses and prepare presentations on various compensation scenarios.
  • Provide expert guidance and market insights on intricate compensation matters, proposing viable solutions.
  • Work alongside HRBPs and business leaders to unify compensation programs, plans, and processes across enterprise-wide initiatives.
  • Guide client groups through annual compensation cycles.
  • Lead strategic compensation initiatives across diverse client groups.
  • Collaborate with business and recruitment teams to create competitive offer packages for new hires.
  • Ensure adherence to regulatory standards.
Qualifications:
  • A minimum of 5 years of experience in Compensation, with a background in the insurance sector.
  • At least 5 years of experience in business partnering or consulting roles.
  • Proven experience and understanding of complex total reward compensation structures and incentives.
  • Exceptional communication and presentation skills, capable of conveying complex HR processes in a clear and persuasive manner.
  • Advanced proficiency in Excel, with the ability to model, interpret data, and present findings at an executive level.
  • Ability to work autonomously while managing a diverse range of activities and projects with a positive outlook.
  • Familiarity with Workday is advantageous.
  • Experience with benchmarking tools such as Market Pay is preferred.
  • Exposure to M&A activities is a plus.
  • Exemplify the Markel Style with integrity and discretion.
About Markel:
Markel Group (NYSE - MKL) is a Fortune 500 company with a presence in over 60 offices across more than 20 countries, serving as a holding company for insurance, reinsurance, specialist advisory, and investment operations globally.

Our Values:
We prioritize people | We achieve success together | We aim for excellence

Employee Benefits:
In alignment with the Markel Style values, we are committed to supporting our employees in achieving a fulfilling work-life balance.
  • We provide competitive benefits that cater to our diverse and evolving workforce, addressing employee needs at every life stage.
  • All full-time employees can choose from various health, dental, and vision insurance plans, along with optional life, disability, and AD&D insurance.
  • We offer a 401(k) plan with employer matching contributions, an Employee Stock Purchase Plan, paid time off, corporate holidays, and parental leave.
  • Markel supports hybrid work arrangements, allowing for a combination of in-office and remote work.
Markel is an equal opportunity employer. We do not discriminate based on any protected characteristic. We encourage applicants from all backgrounds to apply.