Full-Time

Underwriting Support Specialist

Posted on 12/20/2024

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Entry, Junior

No H1B Sponsorship

Richmond, VA, USA

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

Category
Customer Experience
Customer Support
Customer Success & Support
Required Skills
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree preferred.
  • Excellent oral and written communication and organizational skills
  • Ability to multi-task in fast-paced environment.
  • Ability to work independently and within a team.
  • Ability to follow process and attention to details.
  • Willingness to work toward insurance designation (AINS)
  • Intermediate level of proficiency in MS Word and Excel.
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Responsibilities
  • Serve as point of contact for agents/brokers by gathering information on behalf of the underwriters, answering questions, resolving low complexity issues, facilitating overall serving of accounts and processing business transactions not requiring review/signoff by an underwriter.
  • Take necessary measures to obtain information needed to finalize inquiries/transactions and maintain a suspense and follow-up system for outstanding underwriting items.
  • Ensure accuracy of information inputted into all appropriate systems and verify that all necessary documentation is in the file.
  • Routinely communicate with team members, agents/brokers and other key business partners to research and gather necessary information to review, analyze and complete transactions.
  • Utilize and adhere to internal guidelines, procedures and service standards to ensure that all assigned work/transactions are processed in a timely manner (yet accurately) and meet compliance standards.
  • Participate in problem solving activities to define problems, identify root causes, design and test solutions, implement solutions, and utilizes continuous improvement methodologies to improve processes & procedures in an effort to work more efficiently & effectively and permanently eliminate problems.
  • Under Underwriter direction, attached appropriate forms and makes policy changes as requested.
  • Establish, support, and maintain effective relationships and/or regular contact with clients and build strong relationships with employees across the organization.
  • Participate in special projects and other duties as assigned to assure efficient operation of the team, customer needs are met, and business results are achieved.

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their products cover a wide range of areas, including agricultural and equine risks, event cancellation insurance, reinsurance for large enterprises, and coverage for fine art collections and environmental pollution. Markel's approach emphasizes understanding customer needs and delivering quality service, while fostering a workplace culture that encourages personal growth and teamwork. Unlike many competitors, Markel prioritizes flexibility and spontaneity in its operations, aiming to continuously improve and innovate. The company's goal is to lead in its industry by providing tailored insurance solutions and maintaining a commitment to integrity and excellence.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Markel's expansion in Asia Pacific strengthens its global presence and growth potential.
  • The rise of parametric insurance products aligns with Markel's innovative offerings.
  • Increased demand for cyber insurance presents a growth opportunity for Markel's specialty products.

What critics are saying

  • Increased competition in specialty insurance could pressure Markel's market share and profitability.
  • Climate change-related claims may impact Markel's underwriting profitability in key sectors.
  • Regulatory changes in Asia Pacific could pose compliance challenges for Markel's expansion.

What makes Markel unique

  • Markel specializes in hard-to-place risks for niche markets like agriculture and equine.
  • The company offers unique coverage options such as event cancellation and inland marine insurance.
  • Markel's commitment to innovation and integrity sets it apart in the insurance industry.

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