Markel Corp

Underwriter/Sr. Underwriter - Binding P&C

Markel Corp$70K — $95K *
Plano, TX 75025In-Person
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of underwriting experience in binding business preferred
  • Bachelor's degree and industry designations preferred
  • Strong reputation with wholesale distribution
  • Knowledge of pricing using actuarial techniques
  • Excellent oral and written communication skills
  • Strong analytical and organizational skills
  • MS Office and underwriting system proficiency

Responsibilities

  • Review and analyze Binding P&C risks for profitability
  • Communicate with management regarding accounts and recommendations
  • Underwrite new business to ensure underwriting profit
  • Review submissions to identify risks and exposures
  • Underwrite renewal business and manage account servicing
  • Monitor producers for profitability
  • Maintain relationships within assigned region and promote cross-selling opportunities

Benefits

  • Multiple health, dental, and vision insurance options
  • 401(k) with employer match contributions
  • Employee Stock Purchase Plan
  • Paid time off, corporate holidays, and floating holidays
  • Parental leave
Full Job Description
The primary purpose of this position is to underwrite new business and renewals in a profitable manner and according to authority level and established guidelines, and participate in special projects having an impact on the business. Utilize underwriting tools to determine accurate classifications, rates, and premium charges. Understand state laws, including cancellation and non-renewal, within assigned territory to properly transact business within each state. Knowledgeable in coverage forms and policy language; appropriate utilization of forms and exclusions.

What you'll be doing:
  • Reviewing, analyzing, accepting, and declining Binding P&C risks to ensure profitability for Markel.
  • Communicating with underwriting management on individual accounts, current and proposed producers, and to make recommendations concerning operations, systems and procedures when appropriate.
  • Underwrite and select new business that will produce an underwriting profit.
  • Review submissions and identify exposure and risk from information provided.
  • Underwrite renewal business review terms, conditions and pricing and handle related account servicing.
  • Monitor producers for profitability and production.
  • Monitor results of the overall book of business assigned; and recommend corrective action as necessary.
  • Develop and maintain productive relationships within assigned region and product line management.
  • Cross-sell opportunities with other Markel divisions through the promotion of Markel's products and services.
  • Manage broker relationships within the wholesale channels.
  • Travel within the Central region.


What we're looking for:
  • Minimum 3+ years of current experience underwriting binding business preferred ;
  • Bachelor's degree and industry designations preferred;
  • Proven outstanding reputation with wholesale distribution;
  • Knowledge of pricing accounts using loss rating and actuarial modeling tools/techniques;
  • Ability to work in a fast paced environment;
  • Proven excellent customer service skills;
  • Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility;
  • Must have excellent oral and written communication skills;
  • Superb MS Office and underwriting system skills;
  • Strong analytical and organizational skills;
  • Must be a team player that enjoys a flexible and spontaneous business environment.

#LI-AB

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

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.

Explore Markel Corp Jobs and Careers

Your future at Markel Corp starts here. With a commitment to innovation, leadership, and diversity, we are looking for individuals who are ready to make a difference. Join us in shaping the future of the insurance and financial industries.

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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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