Markel Corp

Underwriter, Commercial Surety

Markel Corp • $74K — $102K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of experience in commercial underwriting or a related field
  • Bachelor's degree preferred; high school diploma accepted with relevant experience
  • Strong analytical skills to evaluate bond applications
  • Knowledge of financial principles and legal documentation
  • Excellent written and verbal communication skills
  • Ability to manage a high volume of tasks while prioritizing effectively
  • Strong customer service orientation and negotiation skills

Responsibilities

  • Underwrite new and renewal commercial surety bonds
  • Evaluate and manage associated risks with adherence to underwriting standards
  • Analyze legal documents and insurance regulations
  • Develop and maintain relationships with independent agents
  • Initiate pricing, quoting, and negotiating bond terms
  • Mentor team members and support their development
  • Contribute to process improvements for efficiency in underwriting

Benefits

  • Comprehensive health, dental and vision insurance options
  • 401(k) plan with employer matching contributions
  • Employee Stock Purchase Plan
  • Paid time off including corporate and floating holidays
  • Parental leave policies
  • Multiple optional life and disability insurance programs
Full Job Description
The Commercial Underwriter's primary responsibility is to produce and underwrite new and renewal commercial bond business while maintaining and building productive relationships with our network of independent agents and brokers. The person in this role should be a self-motivated individual with the responsibility to cultivate and maintain a profitable commercial book of business by using sound judgment when assessing risk and providing excellent service to our agents and customers. Responsibilities: • Gather, analyze and underwrite commercial surety bonds • Evaluate and manage risk associated with various types of commercial surety bonds while adhering to the company's underwriting philosophy • Have a keen understanding of legal documents, indemnity agreements, statutes, bond forms, and insurance laws and regulations • Have a solid understanding of financial and accounting principles • Demonstrate sound business judgment in the evaluation of the financial condition, credit history, experience, and character of bond applicants • Develop new business through agency relationships • Possess a solid knowledge of processing methods and workflow procedures • Exhibit excellent written and verbal communication both internally and externally • Effectively interact with people in small groups and social situations • Price, quote, negotiate terms and conditions, and service accounts • Decline and/or cancel coverage • Renewal bond underwriting • Contribute to internal processing and underwriting systems for standardization and efficiencies • Available for overnight travel and the ability to attend occasional agent meetings or industry events • Mentor and provide guidance and support for team members Qualifications: • Minimum 2+ year's industry experience • Bachelor's degree preferred; high school diploma accepted with equivalent industry experience. • Ability to thoroughly analyze bond applications and make both objective and subjective decisions based on that data • Ability to interpret an extensive variety of procedures and instructions and deal with several abstract and concrete variables • Ability to define problems, collect data, establish facts and draw valid conclusions • Ability to calculate figures and amounts such as premium rates and commissions • Ability to compose business correspondence and respond to questions from managers, clients, and customers • Ability to handle large volume of bonds and be able to prioritize, organize, and delegate assignments • Possess strong interpersonal skills • Possess strong organizational and time management skills • Ability to multi-task and work in a team environment • Strong customer service orientation and negotiating skills • Self-motivated and ability to work independently as well as part of a team #LI-Hybrid #DEIB #Markel-IND 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 $74,320 - $102,190 with a 20% 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.

Stay Connected

Be part of Markel Corp's professional network. Engage with us through various networking events, stay updated with the latest industry trends, and connect with other professionals. Our collaborative environment supports career advancement and skill enhancement.

Apply Now

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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