Full-Time

Product Development Team Lead

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Compensation Overview

$135k - $155k/yr

+ Bonus

Senior

No H1B Sponsorship

Shrewsbury, NJ, USA + 7 more

More locations: Plano, TX, USA | Richmond, VA, USA | Norridge, IL, USA | Alpharetta, GA, USA | Milwaukee, WI, USA | Omaha, NE, USA | Scottsdale, AZ, USA

Hybrid working schedule of 3 days in the office and 2 days remote.

Category
Product Management
Product
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • Minimum 5 years of experience in the product development and coverage forms area of P&C insurance required
  • Ability to conceptualize and create insurance forms and endorsements
  • Ability to interpret state laws and regulations as applicable to the insurance policy lifecycle
  • Proven analytical and problem solving skills
  • Detail-oriented with strong interpersonal ability
  • Technically proficient in all standard business software applications including Excel and Word
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Responsibilities
  • Oversee and manage a team of Product Development Specialists
  • Develop forms for new and revised coverages and products for product leadership that convey underwriting intent, demonstrate market competitiveness, and incorporate clear and supportable language for the successful resolution of claims
  • Identify and confirm compliance with applicable regulations
  • Analyze, interpret, and communicate impact of bureau form changes, and determine impact on existing coverage forms
  • Prepare applicable documentation to assist department members on accurate and timely submission of product filings and State Department of Insurance requests
  • Assist, mentor, coach and proactively share knowledge in area of expertise with other PRS associates
  • Assess and evaluate individual Product Development Specialist and team performance, provide feedback and develop training needs
  • Assist in assessment of resource needs
  • Foster and encourage strong relationships with internal stakeholders
  • Participate in special projects as requested.
Desired Qualifications
  • Project management experience preferred

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for yachts, ATVs, and motorcycles. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to seek better solutions and maintain a flexible approach. The company's goal is to lead in their industry by understanding customer needs and providing high-quality products and services while fostering a positive work environment.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for cyber insurance boosts Markel's specialty offerings.
  • InsurTech partnerships enhance Markel's customer experience and operational efficiency.
  • Growing gig economy creates demand for new insurance products Markel can provide.

What critics are saying

  • Leadership transitions may cause strategic misalignments at Markel.
  • MECO acquisition could pose integration challenges for Markel.
  • Departure of CIO Morris Taylor may lead to IT strategy gaps.

What makes Markel unique

  • Markel specializes in niche markets like agricultural and equine risks.
  • Markel offers unique coverage for event cancellations and inland marine collections.
  • Markel's flexibility and innovation drive its specialty insurance leadership.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan

Company News

Insurance Journal
Apr 23rd, 2025
Markel Insurance Restructures Markel Specialty, Appoints Leaders

Andrew McMellin has been appointed president, International, succeeding Simon Wilson, who was appointed to lead Markel Insurance in March.

National Retail Hardware Association
Apr 18th, 2025
NRHyA Members Showcase Artistic Talents in Annual NRHyA Art & Photo Contest

Thanks to this valued collaboration, the first-place entries in each category will be displayed at the prestigious museum during the 2025 6666 NRHA Derby presented by Markel - an unforgettable honor for its young artists.

Reinsurance News
Apr 16th, 2025
Markel to acquire specialist marine MGA MECO

Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA).

Yahoo Finance
Apr 7th, 2025
Genworth Names Morris Taylor Chief Information Officer

Taylor joins Genworth most recently from Markel, where he served as the Chief Information Officer since 2021.

Life Insurance International
Mar 24th, 2025
Markel expands Wholesale Claims team

Additionally, Markel has promoted Debbie Larkin to the position of claims manager - Energy, Liability and Terrorism; Rachel Tighe to claims manager - Professional Indemnity (PI), while Natalie Myhill steps into the role of claims manager - Financial Institutions (FI).