Managing Director, Commercial Excess Casualty

Markel; Summit (NJ); Hybrid; USD 200,000 - 300,000; Full time

Job summary

An established industry player is seeking a dynamic leader to drive the Commercial Excess Casualty Wholesale product. This role is pivotal in achieving profitability goals while mentoring underwriting teams and enhancing best practices. With a focus on proactive market opportunities and client relationships, you will play a key role in shaping product strategy. Join a collaborative environment where your expertise will make a meaningful impact, and enjoy the benefits of a hybrid work schedule along with competitive compensation and growth opportunities. If you're ready to make a difference, this is the opportunity for you.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) with Employer Match

Employee Stock Purchase Plan

Paid Time Off (PTO)

Parental Leave

Floating Holidays

Qualifications

• 15+ years of underwriting experience with 5+ years in Excess Casualty.
• Strong verbal and written communication skills are essential.

Responsibilities

• Lead the Excess Casualty product to achieve profitability targets.
• Provide training and support to underwriting teams.

Skills

Underwriting Expertise

Communication Skills

Leadership

Interpersonal Skills

Influencing Skills

Flexibility

Education

Undergraduate Degree

Graduate Degree

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 the strategic Commercial Excess Casualty Wholesale product to achieve targeted profitability goals in line with established targets. The role will provide leadership, direction, coaching, mentorship and overall support to the regional Excess Casualty underwriting teams to achieve effective execution of best practices. Other areas core to this role would consist of monitoring and revising authority as needed, enhancing underwriting guidelines on a regular basis and performing periodic audits of the portfolio. Effective engagement with Regional, Actuarial, Claims, IT and Operational leadership will be essential to ensure all the Excess Casualty product is delivering on the established profitability targets while meeting client needs.

What you'll be doing:

• Proactively identify new market opportunities and product offerings as well as support cross-sell opportunities by identifying client needs;
• Maintain product Line specific technical pricing standards and underwriting authority within the commercial excess casualty product line;
• Set underwriting standards and strategy for the commercial excess casualty product;
• Manage the Excess Casualty product through continuous Portfolio 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 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.

What we're looking for:

• Minimum of 15 years of underwriting expertise with at least 5 years of underwriting experience within Excess Casualty;
• Undergraduate degree preferred;
• Graduate degree and/or industry designations would be a definite 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.

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 salary for the position is $200K - $300K with a 50% bonus potential and 35% LTI.

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

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.

• Markel offers hybrid working schedules of 3 days in the office and 2 days remote.

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. 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.

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic.