Product Development Specialist/Senior Product Development Specialist

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 Product Development Specialist/Senior Product Development Specialist is responsible for form development of new or revised insurance products, drafting related insurance documents, and researching coverage forms for the Markel US Insurance Division.

Job Responsibilities:

• Develop forms for new and revised coverages and products for product leadership that convey underwriting intent, demonstrate market competitiveness, and incorporate clear and supportable language for the successful resolution of claims;

• Identify and confirm compliance with applicable regulations;

• Research competitors’ forms and perform coverage comparisons as requested by the product line leader; propose changes in policy language, as warranted;

• Analyze, interpret, and communicate impact of bureau form changes, and determine impact on existing coverage forms;

• Facilitate and conduct form project meetings by product, program, or line of business;

• Prepare proprietary forms and filing notices to assist department members on accurate and timely submission of product filings and State Department of Insurance requests;

• Prepare communications regarding form management to underwriting and business leadership;

• Conduct product training as needed;

• Assist, mentor, coach and proactively share knowledge in area of expertise with other associates;

• Continue to participate in educational opportunities to improve product knowledge.

Work Experience/Skills:

• Minimum 3 years of experience in the product development and coverage forms area of P&C insurance required;

• Ability to conceptualize and create insurance forms and endorsements;

• Ability to interpret state laws and regulations as applicable to the insurance policy life cycle;

• Proven analytical and problem solving skills;

• Detail-oriented with strong interpersonal ability;

• Project management experience preferred;

• Technically proficient in all standard business software applications including Excel and Word.

Job level is commensurate with experience, specialized skills relevant to the role, and possession of the outlined preferred qualifications. Markel reserves the right to propose an alternative career level based on these factors.

#LI-Hybrid

#LI-SY

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. Title and salary will be commensurate with skill set/experience. The national average salary range for the Product Development Specialist/Sr Product Development Specialist is $78,000 - $107,250 with 15% incentive.

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: 

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.  

• All full-time employees have the option to select from multiple health, dental and