Director, Reinsurance & Security - State National

Markel Corporation; Bedford (TX); On-site; USD 140,000 - 210,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

401(k) with employer match

Employee Stock Purchase Plan

Paid time off and holidays

Parental leave

Job summary

Markel Corporation in the United States seeks a senior credit underwriting leader to manage a team of junior analysts and partner with senior management on underwriting risks for new program opportunities. You will oversee the Credit Committee process and drive complex analyses and reporting.

You will leverage AI tools to enhance analytics, build strong internal and external relationships, and contribute to process improvements across underwriting and risk management functions.

Qualifications

• Bachelor's degree in finance, accounting, or a related field.
• Advanced degree or professional certification is a plus.
• Experience leading credit underwriting teams and managing risk.
• Strong analytical, communication, and stakeholder-management skills.
• Knowledge of GAAP financial reporting and insurance/reinsurance markets preferred.

Responsibilities

• Lead, mentor, and develop a team of reinsurance analysts and oversee collateral adequacy and covenant compliance.
• Analyze financial statements and related information to assess creditworthiness and risk exposures for counterparties.
• Conduct due diligence on new program opportunities and assist with structuring and underwriting.
• Manage the Credit Committee governance process, materials, and approvals.
• Evaluate collateral, credit exposure, and provide risk-mitigation recommendations.
• Produce reports on the reinsurance portfolio and credit risk to support executive decisions.
• Review Letters of Credit and other collateral instruments for compliance with regulations and contracts.
• Analyze trust assets for contractual compliance and coordinate asset exchanges with reinsurers.
• Support system enhancements and automate reporting and analytics with AI tools.
• Develop relationships with reinsurers, program managers, brokers, and banks.
• Present findings to senior management and other stakeholders clearly and effectively.
• Serve as a subject-matter expert on reinsurance programs and Credit Committee decisions.
• Lead special projects and other duties as assigned.

Skills

Credit underwriting

Team leadership

Financial analysis

Stakeholder communication

Excel

Power BI

AI tools

GAAP knowledge

Education

Bachelor's degree in Finance/Accounting

Advanced degree preferred

Tools

Power BI

SQL

CRM systems

Job description

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!

This position is responsible for leading and developing a team of junior analysts while partnering with senior management to evaluate, structure, and underwrite risks associated with new program opportunities. The role oversees the Credit Committee process and is accountable for conducting complex credit underwriting, risk mitigation assessments, collateral adequacy reviews, and contract compliance analyses. Findings and recommendations are presented to senior management to support informed business decisions. The successful candidate must possess strong analytical and communication skills, with the ability to interpret complex financial, operational, and contractual data and translate it into meaningful analyses, reports, and presentations. The role requires effective interaction with both internal and external stakeholders and the ability to build strong working relationships across the organization. Additional responsibilities include enhancing reporting and analytical capabilities through the use of Artificial Intelligence tools and technologies, identifying opportunities for process and system improvements, and leading the implementation of solutions that improve efficiency, controls, and decision‑making.

ESSENTIAL FUNCTIONS

• Lead, mentor, and develop a team of reinsurance analysts, providing oversight of reinsurer portfolios to ensure collateral adequacy, reserve reasonableness, compliance with contractual provisions and covenants, and analysis of reporting variances.
• Analyze financial statements and related information for current and prospective counterparties and affiliated entities to assess creditworthiness, identify risk exposures, recommend risk mitigation strategies, and communicate findings to senior management through written reports and presentations.
• Conduct due diligence on new program opportunities and collaborate with business leaders on the structuring, underwriting, and implementation of complex insurance and reinsurance transactions.
• Manage the Credit Committee governance process, including coordination of meeting materials, agenda development, facilitation of meetings, management of approval requests, and maintenance of supporting databases and documentation utilized in underwriting and risk management decisions.
• Evaluate collateral adequacy, covenant compliance, and counterparty credit exposure, and provide recommendations to management regarding collateral movements, credit actions, and risk mitigation strategies.
• Produce analytical reports and presentations on the Company’s reinsurance portfolio, credit risk profile, and emerging issues to support executive decision‑making.
• Review Letters of Credit and other collateral instruments for regulatory and contractual compliance, coordinating with reinsurers, financial institutions, and internal stakeholders to address deficiencies or required amendments.
• Analyze trust assets for contractual compliance, report findings to management and work with reinsurers to exchange trust assets as needed.
• Support the development, enhancement, and optimization of departmental systems, databases, reporting tools, and operational processes to improve efficiency, controls, and scalability.
• Leverage Artificial Intelligence tools and technologies to enhance departmental reporting, analytical capabilities, workflow automation, and management insights.
• Develop and maintain productive relationships with reinsurers, program managers, brokers, banks, and other external business partners.
• Effectively collaborate with and present to all levels of internal and external management, providing clear and actionable analysis and recommendations.
• Serve as a subject matter expert and resource to team members regarding reinsurance programs, Credit Committee decisions, departmental processes, and reporting requirements.
• Lead special projects and perform other duties and analyses as assigned.

JOB REQUIREMENTS

• Proficiency in Microsoft Office applications required
• Proficiency with Artificial Intelligence tools and technologies strongly preferred
• Strong problem‑solving, research, analytical and quantitative skills, including the ability to identify inconsistencies and assess the reasonableness of information and results
• Strong knowledge of statutory and GAAP financial reporting standards, with the ability to perform comprehensive financial analysis strongly preferred
• Solid understanding of Letters of Credit and applicable state insurance regulatory requirements preferred
• Strong understanding of reinsurance structures, agreements and contract provisions preferred
• Familiarity with property and casualty insurance markets and products preferred
• Knowledge of insurance company rating methodologies preferred
• Excellent written and verbal communication skills, with the ability to effectively present findings and communicate complex concepts to senior management
• Highly organized, detail‑oriented and committed to accuracy
• Demonstrated ability to prioritize competing responsibilities with minimal supervision
• Ability to work effectively under pressure while maintaining high standards and meeting critical deadlines
• Proven ability to manage multiple projects simultaneously in a fast‑paced environment
• Ability to work independently and collaboratively while maintaining positive relations with clients, business partners and internal stakeholders
• Prior supervisory experience preferred, either as a direct manager or team leader
• Bachelor’s Degree required
• Advanced degree and/or relevant professional certification preferred
• Relevant financial analysis experience required
• Experience utilizing Artificial Intelligence tools and technologies strongly preferred
• Property and casualty insurance industry experience preferred
• Actuarial experience is beneficial but not required #LI-AB
• US Work Authorization required
• Markel does not provide visa sponsorship for this position, now or in the future.

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

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.

What’s in it for you:

• 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 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.

No agencies please.