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 drive projects having an impact on the business. Assigned larger, more important and more complex accounts. 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. Promotes the growth and development of less experienced underwriters and fosters teamwork.
Responsibilities:
• Review, analyze, accept, and decline Property risks to ensure profitability for Markel.
• Underwrite and select new business that will produce an underwriting profit.
• Manage an existing renewal book and implement corrective measures, as needed, to meet profitability expectations.
• Communicate with regional managers and national product line leaders regarding 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
Requirements:
• Minimum 5+ years current property underwriting expertise.
• Demonstrated technical knowledge and skills reflective of progression of positions with increasing responsibility.
• Demonstrated marketing and relationship building skills.
• Four-year college degree desired and insurance designations a plus.
• Excellent oral and written communication skills.
• Strong analytical and organizational skills.
• Must be a team player that enjoys a flexible and spontaneous business environment.
• 20% travel in the Central Region of the US.
#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 national average salary range for the Underwriting Specialist is $104,480 - $143,660 with 25% incentive the Executive Underwriter is $116,080 - $159,610 with a 30% incentive.
