About the Role
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 among our global community of optimists and problem-solvers. Join us and play your part in something special!
The primary purpose of this position is to lead the strategic development and execution of organizational goals and objectives for Markel's Railroad underwriting portfolio. This includes rolling stock, track and roadbed, bridges and tunnels, and railroad-related property, all within Markel's Inland Marine practice. The Director/Sr. Director is responsible for underwriting results, profitability, growth and retention across new and renewal business. The role also provides leadership and direction to the underwriting team.
Responsibilities
•Lead and implement underwriting strategy for Railroad, consistent with Inland Marine and Property product line strategies.
•Manage underwriting functions to achieve profit, revenue, loss ratio and expense targets.
•With PLL leadership, delegate underwriting authority to staff through letters of authority, and monitor and revise it as appropriate.
•Ensure underwriting work is high quality and consistent with authority levels, guidelines and standards.
•Coach and train underwriters based on underwriting audit results. Address individual career and development needs.
•Underwrite and provide referral guidance on complex, high-hazard and large-account Railroad risks, including risk selection and pricing.
•Build and maintain relationships with key retail and wholesale producers, Class I, short line and regional railroads, and industry partners.
•Balance team workloads and maintain appropriate staffing levels, including recruiting and hiring.
•Partner with Operations to ensure processing and service standards are met.
•Work with internal partners (Actuarial, Product Development, Claims, IT and Marketing) to deliver solutions to customers. This includes flagging producer, training or quality issues to Marketing.
•Identify cross-sell opportunities with other Markel divisions.
•Monitor competitor forms, pricing and market trends, and position Markel's Railroad product accordingly.
•Contribute to special projects, product development and new business initiatives.
Qualifications
Required
•10+ years of commercial insurance underwriting experience.
•5+ years underwriting Railroad (rolling stock, track/roadbed, railroad property) or Inland Marine.
•Demonstrated technical knowledge of coverage forms, policy language, pricing and risk selection.
•Proven track record of profitable underwriting results and broker/agent relationship management.
•Strong communication and presentation skills, with the ability to work in a fast-paced environment.
•Proficiency in Microsoft Office, especially Word and Excel.
•Bachelor's degree preferred, or equivalent experience.
Preferred
•Direct Railroad underwriting experience, including rolling stock and railroad-related property.
•Inland Marine and Property (including marine-related property) underwriting experience, which is an acceptable alternative to direct Railroad experience.
•Prior people leadership or team management experience.
•Professional designations (CPCU, AU, ARM or similar).
•Existing relationships in the Railroad, Inland Marine and wholesale/specialty distribution communities.
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.
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.
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.
