Full Job Description
The primary purpose of this position is to lead and implement the strategic development and execution of organizational goals and objectives. Provide leadership, direction and support to underwriting team(s) and/or direct reports. Is responsible for underwriting, profitability, growth and retention of new and renewal business that is consistent with underwriting strategies. Manage underwriting functions to achieve profit, revenue, loss ratio, and expense targets. Ensure effective execution of best practices. In conjunction with PLL Leadership delegate underwriting authority to staff via letters of authority; monitor and revise as appropriate. Ensure a quality underwriting work product is produced consistent with letters of authority, underwriting strategy, standards and process. Provide coaching and training for underwriting staff based on results of underwriting audit review. Work with Operations to ensure all processing and service standards are met. Communicate, identified agency production, training or quality issues to Marketing. Develop and maintain relationships with internal resources (Actuarial, Product Development, Claim, IT, etc.) to coordinate services to customers.
Responsibilities:
• Proactively identify new market opportunities and product offerings as well as support cross-sell opportunities by identifying and solving client needs;
• Maintain product line specific technical pricing standards and underwriting authority within the commercial property product line;
• Set underwriting standards and strategy for the commercial property product;
• Manage the Railroad book including portfolio aggregation management;
• Provide clear underwriting direction to regional underwriting teams and ensure effective execution in line with product goals.
• Prepare, coordinate and execute product line specific training for underwriters and support staff;
• Provide prompt and productive reviews of accounts beyond assigned authority levels;
• Transmit concerns/feedback to Senior Leadership regarding product, underwriting and claims concerns based on interactions with management, underwriters and producers;
• Work with Business Development teams to target producers as well as manage client relationships;
• Assist with the development of new business opportunities.
Experience/Skillset:
• Minimum of 10+ years of underwriting expertise with at least 5 years of underwriting experience within Railroad/Inland Marine;
• Undergraduate degree preferred;
• Graduate degree and/or industry designations would be a plus;
• Superior verbal and written communication skills;
• Collaborative style;
• High energy, pro-active self-starter; someone with a strong sense of urgency;
• Demonstrated ability in setting and meeting objectives and getting leadership, peers and underwriters to "buy in" through superior influencing skills;
• Flexible and spontaneous qualities are key elements to the success of this position;
• Interpersonal skills necessary to achieve desired goals and to interact effectively as well as a high level of confidence, integrity, energy and enthusiasm, executive presence and a personality that fits the "Markel Style.
• Ability to travel 25%.
• US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Pay information:
The salary range for the Director, Underwriting position is $152,600-318,000/year, the Sr. Director, Underwriting position is $177,100-368,900/year. The posted salary range reflects the lowest and highest base salary applicable to this role across our U.S. locations. Individual offers are determined based on geographic location, experience, qualifications, internal equity, and other job-related factors. As a result, the salary offered for a specific location will fall within a narrower range than the overall range displayed in this posting. This position may also be eligible to participate in the Company's annual incentive plan.
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.
No agencies please.