Loss Fund Analyst

The opportunity:

The Wholesale division is comprised of six underwriting teams (Cyber Energy Equine & Livestock Marine Professional & Financial Risks and Trade Credit Political Risk & Surety) as well as an award winning claims team underwriting support delegated underwriting and strategic business development. We have staff around the world with a significant presence in Asia and the US in addition to the London market.

Our teams operate as One Wholesale working together towards our goal to be one of the worlds great speciality insurers. We work collaboratively both within Wholesale and across the wider Markel organisation and because we work as one we are able to create the best solutions possible for our clients and provide exceptional development opportunities for our staff.

The Governance & Delegated Underwriting team provide a central service for the administrative support and oversight to underwriters and claims teams through the Underwriting underwriting due-diligence process bordereaux administration and technical processing credit control coverholder audits and management reporting to senior addition the team work with external contacts including brokers coverholders and regulators.

A Loss Fund Analyst is required to work within the Governance & Delegated team with responsibility for managing and administering the entire delegated underwriting process. The successful candidate would be expected to achieve individual and team targets and fully contribute to the overall success of the department.

What youll be doing:

• Overseeing the end-to-end loss fund process (traditional cash loss funds Vitesse accounts and FCP)
• Ensuring adherence to both Lloyds and any other regulatory requirements
• Manage the loss fund reconciliations with our delegated partners
• Deliver a robust control and process framework for loss fund management
• Key contact for loss fund management for our delegated partners and Vitesse
• Loss fund referral point for internal stakeholders
• Monitor the adherence to internal standards and ensure regulatory compliance
• Collaborate with the claims team to resolve issues raised by our delegated partners or discrepancies arising from loss fund reconciliations.
• Produce regular reporting to provide oversight and drive process improvement
• Support the further adoption of Faster Claims Payments (FCP)
• Provide training and support to internal stakeholders on best practices

Our must-haves:

• Must have understanding of and experience in loss fund processes and procedures
• Ability to prepare and interpret data meaningfully
• Proficient with MS Office with a good understanding of Excel
• Power BI is advantageous
• Will be educated to a minimum of GCSE or equivalent
• Will have experience of delegated operational performance
• Possess strong communication skills
• Possess an understanding of the Lloyds v5.2 bordereaux minimum standards
• Knowledge of Vitesse Loss Fund Management Platform is an advantage
• Familiarity with Faster Claims Payments (FCP) is an advantage
• Knowledge of Eclipse is an advantage

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.

Were all about people We win together We strive for better We enjoy the everyday We think further

Whats in it for you

• A great starting salary plus annual bonus & strong benefits package
• 25 days paid holiday plus Bank Holidays with the opportunity to buy/sell extra leave
• Fantastic company pension scheme private medical and dental cover life assurance travel insurance cover income protection season ticket loan as well as other great benefits on offer
• There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

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.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race religion colour national origin sex gender gender expression sexual orientation age marital status veteran status or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at or call us at 0 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.

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