ILS Analyst

Posted 4 Hours Ago
Be an Early Applicant
Hiring Remotely in Bermuda
Remote
Junior
Insurance
The Role
The ILS Analyst supports Markel's trading relationships and ILS projects, handling transaction support, collateral tracking, financial modelling, and strategic insights for senior leadership.
Summary Generated by Built In
The ILS Analyst will support the Head of ILS solutions in the execution, monitoring and management of Markel’s trading relationship with Nephila, as well as support any future ILS related projects and initiatives. This role sits within Markel Bermuda and works closely with ceded re, legal, actuarial, FP&A and cat modelling. The ILS Analyst will play a key role in collateral tracking, transaction support, financial modelling and internal stakeholder coordination.

Key Responsibilities Transaction Support
  • Assist in the preparation of transaction summaries, facility snapshots, memorandums, and presentations for executive leadership.
  • Track compliance with key contractual provisions in quota shares, underwriting guidelines and other relevant documents.
  • Support closing processes and coordinate execution of transaction and facility documentation across legal, ceded re and underwriting.
Facility and Fund Monitoring
  • Coordinate with Ceded Re to track collateral on an aggregate and individual fund basis to ensure ramp up and ramp down of required collateral amounts is in line with strategy.
  • Monitor existing facilities for material changes in portfolio composition, counterparty concentration and changes to tail metrics.
  • Assist in monitoring collateral sufficiency relative to exposure.
Financial Modelling, Dashboarding and Reporting
  • Work with finance to ingest monthly bordereau reporting for existing Nephila initiatives.
  • Assist in building and maintaining a strategy dashboard to share key insights with senior leaders on an ongoing basis  
  • Track performance of initiatives and calculate and project fee and underwriting income streams
  • Understand loss scenario and sensitivity analyses
  • Respond to internal data and reporting requests  
Contribute to the continuous development of Markel’s ILS strategy
  • Identify process or infrastructure enhancements to help improve internal and external alignment.
  • Conduct market research to help keep senior leadership informed on industry developments
  • Provide insights and supporting data to assist in identifying possible opportunity areas for Markel
  • Attend industry events to understand changes in the ILS market and financial markets more generally.
Qualifications
  • Bachelor’s degree in Finance, Accounting, Economics or related field
  • 1-3 years of experience in underwriting, capital markets or asset management
  • Intermediate Excel and presentation skills
  • High attention to detail and strong organizational skills
  • Ability to effectively communicate in both written and verbal form
  • Advanced degree or professional designation preferred (MBA, MSc, CFA or CPA)

Top Skills

Excel
Financial Modelling
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The Company
HQ: Glen Allen, VA
3,519 Employees
Year Founded: 1930

What We Do

At Markel, we believe in hard work, a zealous pursuit of excellence, and fairness in all our dealings. Markel Corporation (NYSE: MKL) is a global Fortune 500 company headquartered in Richmond, Virginia. We seek to be a leader in each of our pursuits, with insurance being our primary business. As a market leader for specialty insurance, reinsurance, and investment operations around the world, Markel embodies integrity, commitment, teamwork, and innovation in every day operations. We are encouraged to look for a better way to do things. Since our founding in 1930, we have sought to know our customers’ needs and to provide quality products and service. Markel specializes in providing coverage for hard-to-place risks for a variety of niche markets including: • Agricultural and equine risks • Reinsurance for large risk enterprises such as oil rigs • Event cancellation insurance for weddings, concerts, and sporting events • Inland marine coverage for fine art collections • Environmental pollution • Yachts, ATVs, and motorcycles At Markel we provide an atmosphere in which people can reach their personal potential. We are results-oriented, and we continually strive for a better way to do things. The Markel approach is one of spontaneity and flexibility. Markel helps employees balance work and social activities. Markel gives you the keys to success! Keeping an open mind and learning new skills allows our associates to stay ahead of the marketplace. Above all, we enjoy what we are doing. There is excitement here that comes from innovating, creating, striving for a better way, sharing success with others…winning. That is the Markel Style.

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