Underwriter/Sr. Underwriter, Property
About The Position
The primary purpose of this position is to underwrite new business and renewals profitably and in accordance with the employee’s authority level and established guidelines, while driving projects that affect the business. The role is assigned larger, more important, and more complex accounts. It uses underwriting tools to determine appropriate classifications, rates, and premium charges; applies knowledge of state laws, including cancellation and non-renewal requirements, in the assigned territory; and uses knowledge of coverage forms and policy language to select appropriate forms and exclusions. The position also assists with premium audit disputes involving assigned agents and brokers and supports the development of less experienced underwriters while fostering teamwork. The role requires complex Property underwriting expertise in the wholesale channel, including surplus lines experience, and may involve travel of up to 25% when appropriate. US work authorization is required; Markel does not provide visa sponsorship for this position, now or in the future.
Requirements
- At least 3 years of complex Property underwriting expertise in the wholesale channel, including surplus lines experience.
- Demonstrated technical knowledge and skills reflecting progression through positions of increasing responsibility.
- Demonstrated marketing and relationship-building skills.
- Excellent oral and written communication skills.
- Microsoft Office skills, including MS Word and MS Excel.
- Strong analytical and organizational skills.
- Must be a team player who enjoys a flexible and spontaneous business environment and has a desire to succeed.
- US work authorization is required; visa sponsorship is not provided now or in the future.
Nice To Haves
- Four-year college degree and/or CPCU or similar designation.
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 the existing renewal book and implement corrective measures as needed to meet profitability expectations.
- Communicate with regional managers and national product line leaders about individual accounts and current or proposed producers, and recommend operational, systems, and procedural changes when appropriate.
- Participate in audits and/or underwriting meetings as required.
- Build and maintain quality relationships with key producers while monitoring the appointed producer base for profitability and production.
- Review competitors’ forms and pricing and effectively market Markel’s product in the competitive landscape.
- Provide training or technical assistance to department underwriting staff.
- Use underwriting tools to determine classifications, rates, and premium charges, and apply relevant state laws, coverage forms, policy language, and exclusions.
- Assist with resolving premium audit disputes involving assigned agents and brokers.
- Promote the growth and development of less experienced underwriters and foster teamwork.
- Drive projects that have an impact on the business.
Benefits
- Multiple health insurance plan options
- Multiple dental insurance plan options
- Multiple vision insurance plan options
- Optional life insurance
- Disability insurance
- AD&D insurance
- 401(k) with employer match contributions
- Employee Stock Purchase Plan
- PTO
- Corporate holidays and floating holidays
- Parental leave
- Potential eligibility to participate in the Company's annual incentive plan
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
