Markel Corporation logo

Director/Sr. Director Binding Product Line Leader

Markel CorporationRichmond, VA

$162,800 - $223,800 / year

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.1

Reclaim your time by letting our AI handle the grunt work of job searching.

We continuously scan millions of openings to find your top matches.

pay-wall

Overview

Schedule
Full-time
Career level
Executive
Remote
On-site
Compensation
$162,800-$223,800/year
Benefits
Health Insurance
Dental Insurance
Vision Insurance

Job Description

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:

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 vision insurance plan options and optional life, disability, and AD&D insurance.

  • We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?

Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

Caution: Employment scams

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:

  • All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.

  • All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.

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; affectional 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.

Should you require any accommodation through the application process, please send an e-mail to the rarecruiting@markel.com.

No agencies please.

Automate your job search with Sonara.

Submit 10x as many applications with less effort than one manual application.

pay-wall

FAQs About Director/Sr. Director Binding Product Line Leader Jobs at Markel Corporation

What is the work location for this position at Markel Corporation?
This job at Markel Corporation is located in Richmond, VA, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Markel Corporation?
Candidates can expect a pay range of $162,800 and $223,800 per year.
What employment applies to this position at Markel Corporation?
Markel Corporation lists this role as a Full-time position.
What experience level is required for this role at Markel Corporation?
Markel Corporation is looking for a candidate with "Executive" experience level.
What benefits are offered by Markel Corporation for this role?
Markel Corporation offers following benefits: Health Insurance, Dental Insurance, Vision Insurance, Disability Insurance, Life Insurance, Paid Holidays, Paid Vacation, Parental and Family Leave, and 401k Matching/Retirement Savings for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Markel Corporation?
You can apply for this role at Markel Corporation either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.