About the Role
Lead and implement the strategic development and execution of organizational goals and objectives. Exhibit extensive knowledge of the insurance industry and business operations across all product lines with proven success with new product and new business development. Provide leadership, direction and support to underwriting teams working on cyber, misc. E&O, and/or direct reports. Is responsible for underwriting, profitability, growth and retention of new and renewal business that is consistent with underwriting strategies. Manage territorial underwriting functions to achieve profit, revenue, loss ratio, and expense targets. Ensure effective execution of Best Practices. In conjunction with the Regional Product Lead and 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. Works to ensure that all processing and service standards are met. Communicate identified agency production, training or quality issues to Marketing. Develop and maintain relationships with internal resources (PLL, Claim, Premium Audit etc.) to coordinate the services to customers. Demonstrates the ability to build partnerships with other business groups and identifies and delivers agency and product solutions. Maintains an understanding of all Markel products, services and solutions and initiates discussions with other business units as appropriate.
Responsibilities
- Adhere to the rules, rates, forms, authority and underwriting guidelines as delegated by Product Line Leadership group
- Execute distribution strategy as provided by Product Line Leadership group
- Responsible for goals and metrics for region and assigned product line group
- Support marketing of product
- Recruit, train, develop and mentor underwriting talent, including building a staff capable of effectively carrying out assignments and specific goals and recommends effective personal actions when needed
- Build and maintain strong working relationships across workgroups with flexibility to change direction quickly based on business needs
- Responsible for evaluating procedures and practices and implementing changes to improve workflows; ensures all business transactions and practices within span of control comply with all legal regulations and are in compliance with all underwriting policies and procedure
- Maintain an understanding of assigned product(s), services and solutions and initiates discussions with other workgroups as appropriate
- Drive change and innovation through continually seeking and implementing transformational solutions for customers and our associate
Requirements
- 10+ years of cyber/tech, e&o underwriting or brokering experience required
- Demonstrated aptitude to manage people and projects
- 3+ years of direct management experience
- Proven ability to make sound underwriting decisions
- Strong organizational skills with the ability to handle multiple tasks simultaneously
- Ability to achieve business goals and objectives
- Demonstrated sales, marketing and relationship management
- US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Work Type
- Hybrid
Experience Level
- 10+ years
- 3+ years direct management
Education Level
- Bachelor’s degree preferred
Salary/Compensations
- Director, Underwriting: $162,800-$223,850 with a 55% bonus potential
- Sr. Director, Underwriting: $188,880 - $259,710 /year with a 55% bonus potential
Benefits
- Competitive benefit programs
- Multiple health, dental and vision insurance plan options
- 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
About the Company
- 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
Equal Opportunity
- 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.
