Director/Sr. Director Binding Product Line Leader

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! The primary purpose of this position is to lead and implement the strategic vision and plan of the Binding P&C portfolio within Markel Wholesale & Specialty. This role will provide leadership, direction and support to underwriting team(s) and/or direct reports. It is responsible for product profitability, growth and retention of new and renewal business that is consistent with underwriting strategies.

Additionally, this role will work with Senior and Executive Management, and be accountable for reviewing and evaluating referrals for pricing, coverages, and loss detail in order to underwrite profitable business in a portfolio. The role will involve developing and maintaining productive relationships within assigned UW segments; product line management; Senior/Executive Management; Business Development and shared service functions.

What you’ll be doing:

• Support the product line leaders in the analysis of coverage and contract language based on industry accepted policy forms

• Support product line leadership as a knowledge expert within the binding space on industry trends related to binding products, assists the product line leaders as they make recommendations on product design, price and development efforts, and aids binding strategy execution

• Support product line by leading efforts to understand monthly trends within the portfolio

• Manage the portfolio to achieve profit, revenue, loss ratio, and expense targets.

• Ensure effective execution of best practices

• Provide coaching and training for underwriting staff based on results of underwriting audit review 

• Develop and maintain relationships with internal resources (Actuarial, Product Development, Claim, IT, Operations, Regulatory, etc.) to coordinate services to customers and ensure that superior products are being delivered to our internal and external customers

• Property and/or Excess underwriting experience preferred

• Manage and triage program business within Binding product line

• Participate in quarterly portfolio audits as required

• Closely collaborate with our four regional underwriting teams to communicate and execute product line strategy

• Represent the binding product line, where required, to both internal and external customers

• Travel Expectation 25-35%

What we’re looking for:

• 5-7 years of casualty underwriting experience

• Insurance designations preferred but not required

• Bachelor's degree in business or related field from an accredited university/college

• Strong interpersonal and management skills, the ability to communicate effectively, and excellent negotiation skills

• Strong analytical skills and excellent problem solving/decision making abilities

#LI-AB

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 range for the Director, Underwriting, is $162,800 - $223,800 with a 55% incentive target, Sr. Director, Underwriting is $188,800 - $259,000 with a 55% incentive target.

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: