Director/Sr. Director Binding Product Line Leader
The Role
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.
- Work with Senior and Executive Management to review and evaluate referrals for pricing, coverages, and loss detail in order to underwrite profitable business in a portfolio.
- Develop and maintain 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.
- Lead the portfolio to achieve profit, revenue, loss ratio, and expense targets.
- Ensure effective execution of best practices.
- 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.
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
- 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.
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.