Markel Corp

Senior Underwriter/Underwriting Specialist, Financial Institutions

Markel Corp$92K — $143K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of Financial Institutions underwriting experience on the East Coast of the USA required
  • Demonstrated progression of technical skills and knowledge in underwriting
  • Strong marketing and relationship-building abilities
  • Four-year college degree and/or CPCU or similar certification preferred
  • Excellent oral and written communication capabilities
  • Proficiency in Microsoft Office, particularly Word and Excel
  • Strong analytical and organizational skills

Responsibilities

  • Review, analyze, accept, and decline Financial Institutions risks to ensure profitability
  • Underwrite and select new business to generate underwriting profit
  • Manage and optimize the existing renewal book, implementing corrective actions as necessary
  • Communicate with regional managers and product line leaders about accounts and producers
  • Participate in audits and underwriting meetings as required
  • Build and maintain relationships with key producers while monitoring performance metrics
  • Assess competitor forms and pricing to effectively market Markel's products through competitive analysis
  • Provide training and technical support to underwriting support staff

Benefits

  • Multiple health, dental, and vision insurance plan options
  • Optional life, disability, and AD&D insurance
  • 401(k) plan with employer matching contributions
  • Employee Stock Purchase Plan
  • Paid Time Off (PTO), corporate, and floating holidays
  • Parental leave
  • Support for employees’ work-life balance through diverse benefit programs
Full Job Description
The position encompasses financial institutions underwriting. The focus of the position includes reviewing, analyzing, accepting, and declining risks to ensure profitability for Markel. The incumbent will communicate with underwriting management and national Financial Institutions product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate. The Senior Underwriter will review exposures, terms, conditions and pricing while underwriting new and renewal business and handle related servicing. They will also implement corrective measures on renewal accounts as needed and monitor producers for profitability and production. In addition, they will market products to producers by coordinating marketing plan with regional and national marketing associates as well as participate in audits and/or underwriting meetings as required. Responsibilities: - Review, analyze, accept, and decline retail Financial Institutions risks to ensure profitability for Markel. - Underwrite and select new business that will produce an underwriting profit. - Manage the existing renewal book and implement corrective measures, as needed, to meet profitability expectations. - Communicate with regional managers and national Financial Institutions product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate. - Participate in audits and/or underwriting meetings as required. - Build and maintain quality relationships with key producers while simultaneously monitoring the entire appointed producer base for profitability and production. - Review forms and pricing of competitors and be able to effectively market the Markel product within the competitive landscape - Provide training or technical assistance to department underwriting support staff. Qualifications: - 3-5 years of Financial Institutions underwriting experience in the East coast of the USA required - Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility. - Demonstrated marketing and relationship building skills. - Four year college degree and/or CPCU or similar designation preferred. - Excellent oral and written communication skills. - Microsoft Office skills to include MS Word and MS Excel. - Strong analytical and organizational skills #LI-Hybrid #LI-SY 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, demonstrated competencies, geographic location, and other factors. The base salary range for the Sr. Underwriter position is $92k - $127k/year with a 25% bonus potential and the base salary range for the Underwriting Specialist position is $104k - $143k/year with a 25% annual bonus potential. 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 [email protected]. No agencies please.

About Markel Corp

Markel Corp Careers

Join the vibrant team at Markel Corp, a global leader in insurance, reinsurance, and investment operations. At Markel Corp, we believe in fostering an environment of growth and innovation, making it an ideal place for professionals seeking to advance their careers in a dynamic and supportive setting.

Work You'll Do

At Markel Corp, you'll be part of a culture that cherishes diversity and leadership. Our team is committed to providing you with the opportunities to develop your professional skills through targeted training programs and diverse job opportunities. Whether you're looking for a position in management, finance, IT, or customer service, Markel Corp offers a variety of career paths to help you achieve your professional goals.

Innovate and Lead

Embrace the chance to work on groundbreaking projects that redefine the industry standards. Markel Corp is at the forefront of combining technology with insurance solutions, driving innovation and efficiency. Our leadership is deeply involved in developing strategies that leverage our robust networking capabilities to enhance our market presence and service quality.

Join Our Team

Discover a world of opportunities at Markel Corp. We are continuously hiring and looking for talented individuals who are eager to contribute to our mission and vision. Explore job opportunities and internships that will utilize your unique skills and passions. Our team is our greatest asset, and we invest in their growth through comprehensive benefits, professional development, and diversity training.

Develop Your Career

Markel Corp is not just a company; it's a place where you can build a lasting career. Benefit from our development programs that are designed to nurture your leadership potential. From internships to full-time positions, we provide the support and resources to grow your career. Our commitment to professional growth ensures that every team member has the tools to succeed and lead.

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Ready to take the next step in your career? Check out the latest job openings at Markel Corp. Tailor your resume to highlight your relevant experience and skills, and prepare for an interview that could launch your career to new heights. We are excited to see how your expertise and ambitions align with our goals at Markel Corp.

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Learn more about Markel Corp
Size
20,300 employees
Market Cap
$17.4 billion
Industry
Net Income
$816 million
Founded
1930
5 Year Trend
+17.9%
Revenue
$9.7 billion
NASDAQ

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