Associate Director, Specialty Programs Risk & Controls

Associate Director, Specialty Programs Risk & Controls

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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.

The Associate Director, Specialty Programs oversees the risk mitigation activities for those programs with design structures that deviate from State National’s standard model. To ensure that the risks associated with these Specialty Programs (SP) are successfully monitored and mitigated, the Associate Director determines the financial and credit risks, and implements risk mitigation strategies. The Associate Director acts as a consultant to the SP programs to aid in the implementation of risk mitigation processes including implementing effective reconciliations over all areas impacting the premium trust, documenting controls in place and suggesting the implementation of new controls.

Also, the Associate Director helps these programs implement documentation of the control structure, including flowcharts, risk control matrices and narratives. The Associate Director monitors the results from the risk mitigation strategies and communicates the results to the EVP and executive management.

• Participate in developing risk mitigation plans for new alternative risk programs, including risk identification, contractual terms and covenants, risk mitigation strategies, oversight procedures, and communication and reporting framework.
• Liaise with various functional areas to ensure each area is aware of any unique attributes of the new program and that any regulatory, accounting, reporting and risk issues are addressed prior to signing.
• Assist with due diligence for potential new deals.
• Monitor potential risks from a cash/credit/financials perspective for existing programs.
• Analyze and approve the premium trust account cash extraction requests.
• Analyze and review the general agency’s monthly financial statements and reconciliations, and provide the clients with process improvement suggestions; identify and elevate emerging risks to SNC management.
• Prepare financial statement forecasts and analyze variances from budget and actual.
• Work with accounting/finance teams to resolve any issues and provide appropriate client service.
• Analyze and monitor contingent commission estimates and ultimate loss ratios.
• Review cash controls and bank account activity.
• Liaise with functional areas within SNC (PAR, Actuarial, Reinsurance, Legal and Client Services) to ensure risk control processes are in place and functioning effectively.
• Assist with preparation of quarterly reports regarding the risk status of all SP.
• Develop remediation plans for significant negative changes in SP status and monitor progress, communicating to SNC management.
• Assume projects/special duties as assigned by Director – Specialty Programs.

• Intermediate or higher level of knowledge of Microsoft Office products or equivalent, particularly Excel.
• Ability to work independently or in a team environment.
• Sound judgment and decision‑making skills.
• Strong analytical skills.
• Experience dealing with difficult individuals in stressful situations.
• Strong relationship skills.
• Excellent organizational skills.
• Excellent oral and written communication skills.
• High integrity; no other duties or relationships should interfere with decision making.
• Ability to obtain agreement from multiple parties, earn trust, communicate findings, and identify hidden agendas.
• Use a win‑win approach to resolve controversy, stay objective and fair, and maintain constructive working relationships.

• 5+ years of senior‑level experience in financial analysis.
• 5+ years of senior‑level experience in financial statement/control auditing or credit analysis.
• Bachelor’s degree in Accounting or Finance.

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