Underwriter/ Senior Underwriter, Professional Liability
About The Position
If you're looking for a place where you can make a meaningful difference, you've found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! 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. Review, analyze, accept, and decline wholesale Misc E&O 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 Misc E&O 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
- Minimum 2-3 years of underwriting expertise in E&O
- Must have excellent oral and written communication skills.
- PC literate with emphasis on Word, Excel and PowerPoint
- Strong analytical and organizational skills
- Must be a team player that enjoys a flexible and spontaneous business environment
- US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Nice To Haves
- Experience with wholesale brokers desired
- Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
- Four year college degree and/or working on RPLU or similar designation preferred.
- Up to 25% travel when appropriate
Responsibilities
- Underwrite new business and renewals in a profitable manner and according to authority level and established guidelines
- 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
- Assist with resolving premium audit disputes within assigned agents/brokers
- Review, analyze, accept, and decline wholesale Misc E&O 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 Misc E&O 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
Benefits
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Insurance Carriers and Related Activities
Number of Employees
1,001-5,000 employees
