Overview
What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it.
We’re a global community of optimists and problem-solvers, pushing each other to go further. 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, and is responsible for product profitability, growth and retention of new and renewal business consistent with underwriting strategies.
Additionally, this role will work with Senior and Executive Management, and will be accountable for reviewing and evaluating referrals for pricing, coverages, and loss detail to underwrite profitable business. It will involve developing and maintaining productive relationships within assigned underwriting segments; product line management; Senior/Executive Management; Business Development and shared service functions.
Responsibilities
- 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, assist the product line leaders as they make recommendations on product design, price and development efforts, and aid 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%
Qualifications
- 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
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.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Benefits
- Competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
- Options to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
- 401(k) with employer match contributions, Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
Equal Opportunity Employer
Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic including race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status; personal appearance; height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; or any other classification protected by applicable law.
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