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Managing Director information

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$23.3K

$120.5K

$187.9K

How much do managing director jobs pay per year?

As of Aug 21, 2026, the average yearly pay for managing director in Virginia is $120,480.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,200.00 and $146,200.00 per year, depending on experience, location, and employer.

What is a managing director?

Managing Directors are senior executives responsible for overseeing the overall operations and performance of an organization or a major division within a company. They develop strategic plans, set business goals, and ensure that all departments work effectively to achieve these objectives. Managing Directors often report directly to the board of directors and represent the company in high-level meetings and negotiations. Their leadership is crucial for driving growth, profitability, and long-term success.

What are the key skills and qualifications needed to thrive as a managing director, and why are they important?

To thrive as a Managing Director, you need exceptional leadership, strategic planning, and financial management skills, often supported by an advanced degree in business or a related field. Familiarity with enterprise resource planning (ERP) systems, financial analysis tools, and industry-specific software is typically required. Outstanding communication, decision-making, and stakeholder management skills help distinguish top performers in this role. These competencies are crucial for setting organizational direction, driving growth, and ensuring operational excellence.

What are some common challenges a managing director may face when leading a diverse executive team?

Managing Directors often oversee teams composed of leaders from various departments, each with their own priorities and perspectives. One common challenge is aligning these leaders towards shared organizational objectives while balancing individual department goals. Effective communication, conflict resolution, and strategic decision-making are essential for fostering collaboration and ensuring that all departments work cohesively. Additionally, Managing Directors must stay agile to adapt to market changes and lead the organization through periods of growth or transformation.

What is the difference between Managing Director vs Chief Executive Officer?

AspectManaging DirectorChief Executive Officer
CredentialsTypically requires extensive industry experience, often with a background in business management or related fieldsUsually holds similar credentials, often with advanced degrees like an MBA or equivalent experience
Work EnvironmentOperates within the company's executive team, often focusing on daily operations and strategic implementationOversees the entire organization, setting strategic vision and representing the company externally
Employer & Industry UsageCommonly used in European and Asian companies; in some industries, the Managing Director is equivalent to a CEOWidely used globally, especially in North America, as the top executive role

The main difference lies in their scope and regional usage. A Managing Director often focuses on operational management within the company, especially in European contexts, while a CEO is generally the highest-ranking executive responsible for overall strategic direction worldwide.

What does a managing director actually do?

A managing director is a senior executive responsible for overseeing the overall operations and strategic direction of a company or division. They make high-level decisions, manage senior staff, and ensure business goals are met, often working closely with other executives and stakeholders. Strong leadership, decision-making skills, and industry knowledge are essential for this role.
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What are the most commonly searched types of Managing jobs in Virginia?

The most popular types of Managing jobs in Virginia are:

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For Managing Director jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Managing Director jobs in Virginia look for?

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Managing Director jobs near you
Infographic showing various Managing Director job openings in Virginia as of August 2026, with employment types broken down into 93% Full Time, and 7% Temporary. Highlights an 86% In-person, 7% Hybrid, and 7% Remote job distribution, with an average salary of $120,480 per year, or $57.9 per hour.

Managing Director, Property PLL

Markel International

Richmond, VA • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 25 days ago

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 oversee the growth and profitability of the business area. Uses established understanding of business dynamics and regulations to achieve results while collaborating effectively with colleagues around the country. Recognized as a national leader in the insurance industry, possesses strong strategic thinking, creative problem-solving and critical thinking skills. Executes business strategy, leads change, drives results, promotes enterprise culture, attracts top talent, maximizes individual and organizational performance, communicates effectively, and influences others. Work to create efficiencies and implement required changes.

Responsibilities:

  • Proactively identify new market opportunities and product offerings as well as support cross-sell opportunities by identifying and solving client needs;
  • Maintainproduct line specific technical pricing standards and underwriting authority within the commercial property product line;
  • Set underwriting standards and strategy for the commercial property product;
  • Manage the Property products including portfolio aggregation 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 prompt and productive 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.

Experience/Skillset:

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

#LI-SY

#LI-Hybrid

US Work Authorization

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

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.

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 Careers. No other URL should be trusted for job postings.

  • 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 therarecruiting@markel.com.

No agencies please.

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