Full-Time

Sr. Underwriter/ Underwriting Specialist

Excess & Umbrella

Updated on 12/20/2024

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Compensation Overview

$65k - $90kAnnually

+ 35% Bonus Potential

Senior

No H1B Sponsorship

Boston, MA, USA + 1 more

More locations: New York, NY, USA

Hybrid working schedule of 3 days in the office and 2 days remote.

Category
Insurance
Finance & Banking
Required Skills
PowerPoint/Keynote/Slides
Requirements
  • 5+ years of experience working with retail insurance agents preferred
  • Demonstrated technical knowledge and skills reflective of progression of increasing responsibility
  • Excellent oral and written communication skills
  • Strong analytical, organizational, and time management skills; demonstrated ability to multi-task
  • Must be a team player that enjoys a flexible and spontaneous business environment
  • Self-sufficient with demonstrated ability to overcome obstacles
  • Takes ownership and responsibility for decisions and outcomes
  • Strong work ethic and sense of urgency
  • Proficiency in Microsoft Office suite applications (Outlook, Word, Excel and PowerPoint)
  • Ability to travel up to 25%
Responsibilities
  • Communicate with underwriting management and product line leader on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures
  • Review submissions and identify exposure and risk from information provided
  • Support and learn from those who profitably underwrite and select new business
  • Review terms, conditions and pricing
  • Handle related servicing for renewals and new business
  • Implement corrective measures on renewal accounts as needed
  • Participate in audits and/or underwriting meetings as required
  • Attends internal and external meetings

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles such as yachts and motorcycles. Markel's products work by assessing unique risks and tailoring coverage to meet the specific needs of their clients. Unlike many competitors, Markel emphasizes a culture of integrity, teamwork, and continuous improvement, encouraging employees to seek better solutions and maintain a flexible approach. The company's goal is to lead in their industry by understanding customer needs and providing high-quality products and services while fostering a positive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for cyber insurance offers growth opportunities for Markel.
  • AI and machine learning improve Markel's underwriting efficiency and risk assessment.
  • Markel's expansion in Asia Pacific strengthens its global presence and growth potential.

What critics are saying

  • Increased competition in specialty insurance may pressure Markel's market share.
  • Climate change-related claims could impact Markel's underwriting profitability.
  • Geopolitical tensions in Asia may affect Markel's expansion and operations.

What makes Markel unique

  • Markel specializes in niche markets like agricultural, equine, and event cancellation insurance.
  • Markel's investment in Certa enhances its tax and contingent risk insurance offerings.
  • Markel's flexible and innovative approach fosters a unique corporate culture.

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