Position Overview
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 provides leadership, direction and support to underwriting teams 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 works with Senior and Executive Management, and is accountable for reviewing and evaluating referrals for pricing, coverages, and loss detail in order to underwrite profitable business in the portfolio. The role involves developing and maintaining productive relationships within assigned UW 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.
- Serve as a knowledge expert on industry trends related to binding products, assisting product line leaders in making recommendations on product design, price and development efforts, and supporting binding strategy execution.
- Analyze monthly trends within the portfolio to support product line objectives.
- 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 superior products are delivered to internal and external customers.
- Exhibit Property and/or Excess underwriting experience.
- Manage and triage program business within the Binding product line.
- Participate in quarterly portfolio audits as required.
- Collaborate closely with four regional underwriting teams to communicate and execute product line strategy.
- Represent the binding product line to internal and external customers when required.
- 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, with effective communication and negotiation abilities.
- Strong analytical skills and excellent problem solving/decision making abilities.
Compensation
The base salary is based on compensable factors such as job‑relevant education, experience, training, licensure, 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, and for Sr. Director, Underwriting is $188,800 - $259,000 with a 55% incentive target.
Benefits
- Competitive benefit programs that meet diverse employee needs at all stages of life.
- 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 and floating holidays, parental leave.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
EEO Statement
Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectionate or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; 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, including unfavorable discharge from military service; 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; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.
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