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Product Manager

3 months ago

Pewaukee, United States Markel Full time

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

Markel Personal Lines, a division of Markel focused on providing unique personal lines insurance, is searching for an Product Manager / Senior Product Manager. The Product Manager will have accountability for a portfolio of personal lines products. The Product Manager reports up to the Personal Lines Product Line Leader and has accountability for a portfolio of personal lines products.

What you'll be doing:

  • Manage P&L for the personal lines products by monitoring financials, identifying trends, developing pricing indications and taking appropriate actions
  • Periodically communicate business results throughout the Markel organization
  • Ensure products are positioned appropriately in the market from both a product and pricing perspective, providing compliance/state filings with documentation when needed to support filings
  • Continuously monitor profitability, mix of business, quality of business, concentration of risk, market feedback and proactively manage the portfolio
  • Lead the product analysts which support the personal lines products
  • Partner with underwriters to ensure all parties are working towards common goals and provide direction to make sure guidelines and authority are in line with current product/pricing structure and performance
  • Work across internal departments and external partners to ensure product changes are implemented appropriately
  • Work with legal, compliance and claims on legislative and regulatory topics
  • Take lead role in new product development and/or expansion
  • Act as product line expert, maintain a thorough knowledge of product features and benefits, and provide product expertise to various internal and external audiences.
  • Maintain extensive knowledge of competitors within the marketplace and react appropriately to changes using all available data sources to include industry data, broker contacts and publicly available competitor information.
  • Partner with external relationships where appropriate for your products
What we're looking for:
  • Bachelor's degree required - preferably in related field of study such as risk management, actuarial science, math/applied math, statistics/applied statistics, economics, finance
  • 5+ years of experience in a pricing, underwriting or product management role for a property and casualty insurer
  • Exceptional analytical and problem solving skills
  • Proven ability to understand what levers are available and drive appropriate actions to meet targeted results
  • Strong interpersonal skills with ability to build relationships and interact effectively across functional groups, management levels and external partnerships
  • Excellent written and oral communications
  • Effective influencing and negotiation skills
  • Ability to grasp concepts quickly and complete projects with minimal direction
  • Ability to track performance, communicate project status and ensure controls are in place for product standardization and administrative consistency
  • Computer proficiency in Microsoft Office: Advanced - Excel, Intermediate - Word, Outlook and PowerPoint
  • Work towards obtaining industry designation (CPCU, CIC, RPLU, ASLI, etc.) or related pricing or product management curriculum preferred.
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:

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. 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 Group Careers.
  • 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.

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.