Underwriting Specialist/Executive Underwriter, Inland Marine
About The Position
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 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.
Requirements
- Minimum 6+ years of current experience underwriting profitable Admitted inland marine or related business (position title will depend upon experience)
- Bachelor’s degree and industry designations (proven, outstanding experience can be substituted for education)
- Proven outstanding reputation with retail distribution
- Knowledge of pricing accounts using loss rating and actuarial modeling tools/techniques
- Ability to work in a fast-paced environment
- Proven excellent customer service skills
- Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility
- Must have excellent oral and written communication skills
- Superb MS Office and underwriting system skills
- 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.
Responsibilities
- Reviewing, analyzing, accepting, and declining inland marine risks to ensure profitability for Markel.
- Communicating with underwriting management on individual accounts, current and proposed producers, and to make recommendations concerning operations, systems and procedures when appropriate.
- Underwrite and select new business that will produce an underwriting profit.
- Review submissions and identify exposure and risk from information provided.
- Underwrite renewal business review terms, conditions and pricing and handle related account servicing.
- Monitor producers for profitability and production.
- Monitor results of the overall book of business assigned; and recommend corrective action as necessary.
- Develop and maintain productive relationships within assigned region and product line management.
- Participate in audits and/or underwriting meetings as required.
- Cross-sell opportunities with other Markel divisions through the promotion of Markel’s products and services.
- Opportunity to mentor junior underwriting talent
- Coordinate with other Markel products on common accounts.
- Travel within the Midwest region
Benefits
- Multiple health, dental and vision insurance plan options
- Optional life, disability, and AD&D insurance
- 401(k) with employer match contributions
- 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
