CFO, Wholesale & Specialty Division (Chicago)

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! Markel is seeking a CFO to support our Wholesale & Specialty division. The ideal candidate will have extensive experience in the U.S. E&S and Admitted insurance market, as well as a demonstrated track record of financial and operational business partnering. In addition, the candidate will need a strong understanding of both actuarial pricing and reserving techniques and results.
This individual will be a critical part of the Wholesale and Specialty executive leadership team bringing financial and operational acumen along with appropriate analysis and challenge to the business while consistently demonstrating the principles outlined in the Markel Style. Key Responsibilities

• Financial Leadership: Oversee the financial operations of the Specialty and Wholesale Insurance Division, ensuring alignment with the company’s strategic goals.
• Business Leadership: Be an active and engaged member of the Wholesale and Specialty executive leadership team – participating in strategic planning discussions, challenging the business to reach financial outcomes, and interpreting and communicating financial results back to business leadership.
• Operational oversite: Lead and develop integrated strategies for key operational teams within the Wholesale and Specialty division.
• Actuarial Engagement: Serve as primary business liaison with the actuarial function, partnering with the divisional chief actuary around reserving and pricing work priorities, deliverables, and communication.
• Strategic Planning: Develop and implement financial strategies that support long-term growth and profitability. Support business growth initiatives with appropriate financial and capital returns analysis.
• Budgeting and Forecasting: Lead the budgeting, forecasting, and financial planning processes to ensure accurate and timely reporting to executive leadership
• Risk Management: Identify and manage financial risks to the division and divisional plans to protect the division’s assets and reputation.
• Business Partnering: Be the voice of the division within Markel’s global finance function and be the voice of global finance within the division around financial outcomes, metrics, incentives, and strategic planning.
• Team Leadership: Build and lead a high-performing team, fostering a culture of excellence and continuous improvement.
• Stakeholder Engagement: Collaborate with internal and external stakeholders, including senior management, brokers & agents, reinsurers, key customers and auditors.
• Facilitate strong relationships with group CFO, accounting, capital, treasury, and FP&A finance support teams to best service the division’s success.
• Financial Analysis: Conduct detailed financial analyses to support decision-making and drive business performance.

Qualifications

• Education: Bachelor’s degree in Finance, Accounting, Actuarial Science, or a related field; MBA or professional certifications such as CPA, CPCU or CFA are preferred.
• Experience:
  • Minimum of 10 years of experience in financial management within the insurance industry, with an emphasis placed on experience in U.S. specialty and wholesale insurance.
  • Extensive experience working with data in support of actuarial pricing and reserving is required.
  • Demonstrated experience interpreting and presenting financial results to executive leadership.
• Skills: Strong analytical and problem-solving skills, with the ability to interpret complex financial data. Excellent communication and leadership skills.
• Knowledge: In-depth knowledge of insurance accounting principles, actuarial pricing and reserving practices, and insurance financial regulations.

US Work Authorization

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

Pay information:

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.The national average salary for the CFO, Wholesale & Specialty Division is $290,000 - $355,000 with 65% short-term incentive and 35% long-term incentive.

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.

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.

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 Careers . No other URL should be trusted for job postings.

• 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 .

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 .

No agencies please.

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