Full-Time

Senior Underwriter

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Financial Services

Mid, Senior

No H1B Sponsorship

Lake Oswego, OR, USA

Category
Insurance
Finance & Banking
Required Skills
Financial analysis
Marketing
Requirements
  • Bachelor’s degree preferred
  • 3 - 5 years in an underwriting capacity
  • Solid understanding of contract and subdivision bond underwriting
  • Ability to write and articulate in a concise and clear manner
  • Underwrites for profitable premium growth
  • Learns the nuances of the surety rate manual
  • Makes quick sound decisions and negotiates terms and conditions
  • Self-sufficient with demonstrated ability to overcome obstacles
  • Takes ownership and responsibility for decisions and outcomes
  • Provides guidance and coaching to others
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Responsibilities
  • independently underwrite contract bonds adhering to Markel Surety’s underwriting philosophy, appropriately assessing the risk presented and properly managing that risk.
  • conduct all forms of marketing to strategically build a profitable book in a designated territory.
  • Assigned larger and more important agents/brokers
  • Consistently achieves budgeted financial results through superior service, account retention and responsiveness to new business submissions
  • Considers different approaches towards risks based upon class of business
  • Participates on projects having an impact on the business
  • Identifies and captures new business opportunities
  • Able to create tactical sales plans; track results and execute necessary corrective action
  • Open to regular visits to agents

Markel provides specialty insurance, reinsurance, and investment services, focusing on hard-to-place risks in niche markets. Their insurance offerings include coverage for agricultural and equine risks, reinsurance for large enterprises like oil rigs, event cancellation insurance for weddings and concerts, inland marine coverage for fine art, environmental pollution, and insurance for recreational vehicles like 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 a commitment to understanding customer needs, which allows them to deliver quality service and innovative solutions. The company's goal is to lead in their industry by continuously improving their offerings and fostering an environment where employees can thrive and contribute to the company's success.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Recent investments from firms like Lighthouse Investment Partners and Swedbank AB indicate strong market confidence in Markel's growth potential.
  • Expansion into new office space in Plano, Texas, reflects Markel's ongoing growth and commitment to increasing its operational capacity.
  • Key hires and promotions, such as the appointment of a new Chief Strategy Officer, signal a robust leadership team focused on strategic growth.

What critics are saying

  • The specialized nature of Markel's insurance offerings may limit its market size compared to more diversified insurers.
  • Expansion efforts, such as those in Asia Pacific, require careful management to avoid overextension and ensure sustainable growth.

What makes Markel unique

  • Markel's focus on niche markets like agricultural risks, event cancellation, and inland marine coverage sets it apart from traditional insurers.
  • The company's commitment to innovation and flexibility allows it to adapt quickly to market changes, unlike more rigid competitors.
  • Markel's global presence and strategic hires in Asia Pacific enhance its ability to serve diverse markets with specialized insurance solutions.

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