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Markel · 2 months ago

Head of Portfolio Analytics, U.S. & Bermuda

Richmond, VA

Full-time

Onsite

Director/Executive

$220K/yr - $275K/yr

15+ years exp

Markel is a Fortune 500 company focused on insurance and investment operations globally. They are seeking a Head of Portfolio Analytics to lead the U.S. and Bermuda Portfolio Analytics team, focusing on setting the vision for portfolio analytics strategy and driving transformation in data-centric culture and analytics adoption across underwriting and claims teams.

Insurance

No H1B

Responsibilities

Create and communicate a vision for portfolio analytics that engages and excites both business stakeholders and technical teams, demonstrating how Markel can derive tangible business benefits from data

Build a market-leading Portfolio Analytics team, bringing together a wide range of technical skillsets (actuarial, data science, data engineering, analytic engineering, etc.) as well as deep domain knowledge into a cohesive team that is collaborative, customer-focused and innovative

Work with leaders from our five Regions (Northeast U.S., Southeast U.S., Central U.S., West U.S., and Bermuda) to prioritize portfolio analytics efforts, balancing delivering immediate value with developing capabilities that will be needed to meet the longer-term strategic ambitions of the business

Drive the development of a data-centric culture and adoption of analytics products across Underwriting and Claims teams

Oversee the relevant functional areas, including portfolio management / business partnering, data engineering, data science, advanced analytics, and technical pricing. Ensure each area is a center of excellence and that they collaborate to create an analytics capability that is bigger than the sum of its parts

Ensure strong partnership and alignment on priorities with the product-centric teams within the Corporate Actuarial team and the CUO function. Work cohesively on setting, executing, and monitoring underwriting strategies

Drive improvements in the sophistication and adoption of technical pricing models and portfolio management tools with the aim of improving risk selection and reducing loss ratios

Close collaboration with IT Data Services, ensuring efficiency in data processing and delivery of a single version of the truth

Promote the use of third-party data and development of advanced analytics techniques with a focus on directing effort and budget to the areas that will add the greatest value

Ensure there are robust controls in place across the department, balancing agility with safety

Qualification

Actuarial ScienceData ScienceData EngineeringTechnical PricingPortfolio ManagementPeople LeadershipCommercial AcumenCommunication SkillsRelationship BuildingCreative Problem-Solving

Required

Bachelor's degree in Actuarial Science, Statistics, or related field; credentialled Actuary belonging to a globally recognized Actuarial Society preferred

Minimum of 15 years of experience in actuarial roles within the insurance industry, with an emphasis placed on experience in U.S. Wholesale and Specialty insurance

Exceptional communication skills, capable of conveying a strategic vision and galvanizing support from a wide range of stakeholders

Ability to set a vision for this new team and create a compelling course of action across the business that inspires and enlists others to take action

Proven people leadership skills, with experience of bringing together diverse, technical skillsets and creating the right environment for them to thrive

Commercial acumen and strong understanding of Markel's strategy and priorities

Experience in building alliances and cultivating deep and broad relationships across large organizations. Ability to connect with and speak the language of the businesses we support, from line underwriter to executive

Track record of leading high-performing teams and delivering value to Insurance organizations through pricing, portfolio management, and analytics

Ability to work across functional areas, gain buy-in, and persuade across the organization in order to achieve mutually beneficial objectives

Ability to attract, develop, coach, and retain employees for competitive advantage

Significant pricing actuarial experience at a Commercial or Specialty Insurer

Excellent understanding of insurance data, particularly with regards to Commercial and Specialty insurance in the U.S. and Bermuda markets

Original thinking and creative problem-solving skills to any given situation, driving for improved processes, systems, products, or services in order for Markel to establish and maintain a competitive edge

The ability to stay ahead of external trends and promote a culture of continuous improvement

Possession of a steady, earnest, and energetic work ethic, focusing energy on most critical tasks

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