Underwriter/Senior Underwriter, Financial Institutions

Markel•Woodland Hills, CA

4d•Hybrid

About The Position

The primary purpose of this position is to underwrite new and renewal financial institutions business (asset managers, RIAs, private equity, venture capital, banks, non-bank lenders and fintech) in a profitable manner and according to authority level and established guidelines. 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. Review, analyze, accept, and decline Financial Institution underwriting 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 Institution 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.

Requirements

1+ year of Financial Institution underwriting experience required
Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility
Demonstrated marketing and relationship building skills
Excellent oral and written communication skills
Superb technology skills to include MS Office and underwriting systems
Strong analytical and organizational skills
Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed.
US Work Authorization required.
Markel does not provide visa sponsorship for this position, now or in the future.

Nice To Haves

Four-year college degree and/or working on insurance designations preferred

Responsibilities

Underwrite new and renewal financial institutions business in a profitable manner and according to authority level and established guidelines.
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.
Review, analyze, accept, and decline Financial Institution underwriting 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 Institution 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.