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. Assigned larger and more important agents/brokers. 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. Assist with resolving premium audit disputes within assigned agents/brokers. Able to provide coaching to others.
Underwriter /Sr. Underwriter
Job Description:
Responsibilities:
• Review, analyze, accept, and decline Railroad(ie. Rolling stock, property) 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 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
• Cross-sell opportunities with other Markel divisions through the promotion of Markel's products and services.
• Review forms and pricing of competitors and be able to effectively market the Markel product within the competitive landscape
Qualifications:
• Minimum 3 years of current experience underwriting profitable Inland Marine/Railroad (rolling stock, property) business
• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
• Ability to work in a fast-paced environment
• Must have excellent oral and written communication skills, and skilled presentation aptitude
• Microsoft Office skills to include MS Word and MS Excel.
• Strong analytical, organizational, and time management skills;
• Flexible to travel up to 25% travel when appropriate
• Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed.
US Work Authorization
US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Pay information:
The salary range for the Underwriter position is $69,700-145,400/year and the Sr. Underwriter is $87,100-181,400/year. The posted salary range reflects the lowest and highest base salary applicable to this role across our U.S. locations. Individual offers are determined based on geographic location, experience, qualifications, internal equity, and other job-related factors. As a result, the salary offered for a specific location will fall within a narrower range than the overall range displayed in this posting. This position may also be eligible to participate in the Company's annual incentive plan.
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.
No agencies please.