Ceded Reinsurance Senior Consultant

2 weeks ago


Richmond, Virginia, United States Markel Full time
Position Overview:

If you are seeking an opportunity to contribute significantly to a dynamic organization, your search ends here. At Markel, we empower individuals to embrace challenges and seize opportunities, fostering a community of innovators and solution-oriented thinkers. Our culture thrives on collaboration and continuous improvement, as we believe that realizing our potential enables us to assist others in achieving theirs.

Your Role:

As a Senior Analyst, you will play a pivotal role in enhancing Markel's Ceded Re analytics capabilities. Your responsibilities will include:
  • Advancing the analytical frameworks for Ceded Re to improve our evaluation of structures and strategies aimed at maximizing profitability and capital returns within established risk appetites.
  • Critically assessing pricing and reserving assumptions utilized by actuarial teams to facilitate Ceded Re placements, ensuring their validity through appropriate validation measures while identifying uncertainties and estimating their impacts.
  • Delivering independent assessments to Senior Management regarding Markel's Gross and Ceded Technical Reserves, particularly concerning Casualty lines.
  • Contributing to the Ceded Re's perspective on Business Plan loss ratios.
  • Communicating and justifying analytical results to Actuarial Reserving and Pricing Teams as necessary.
  • Preparing comprehensive Ceded Reinsurance data exhibits for Reinsurance renewal submissions, collaborating with Reinsurance Placement to ensure timely and accurate compilation.
  • Assisting in post-placement data collection and analysis, including expenditure analysis, cost allocation, and profitability impact assessments.
  • Creating reporting solutions that provide valuable insights and services related to Ceded Reinsurance for the business.
  • Offering technical guidance and training to team members.
  • Establishing strong collaborative relationships with reinsurance brokers, underwriting leadership, and key data stakeholders.
Qualifications:
  • 5-7 years of relevant experience.
  • In-depth knowledge of the insurance sector, particularly Casualty lines, along with a solid understanding of reinsurance and actuarial principles.
  • Exceptional analytical and communication skills.
  • Proven ability to navigate ambiguous requests and solve problems independently.
  • Advanced proficiency in Microsoft Office applications.
  • Experience with various reporting and business intelligence tools.
About Markel:

Markel Group (NYSE - MKL) is a Fortune 500 company with a global presence, encompassing over 60 offices across more than 20 countries. We are a holding company specializing in insurance, reinsurance, advisory services, and investment operations worldwide.

Our Commitment:

We prioritize our employees' well-being, offering competitive benefits that adapt to their diverse needs throughout various life stages. Our full-time employees can choose from multiple health, dental, and vision insurance plans, along with optional life, disability, and AD&D insurance. Additionally, we provide a 401(k) plan with employer matching contributions, an Employee Stock Purchase Plan, paid time off, corporate holidays, and parental leave. We also support hybrid work arrangements, allowing for a blend of in-office and remote work.

Equal Opportunity Employer:

Markel is committed to fostering an inclusive workplace and does not discriminate based on any protected characteristic. We encourage individuals from all backgrounds to apply.
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