Full-Time

Senior Underwriter / Underwriting Specialist

Risk Management Excess

Confirmed live in the last 24 hours

Markel

Markel

1,001-5,000 employees

Specialty insurance and reinsurance provider

Fintech
Financial Services

Senior, Expert

No H1B Sponsorship

Chicago, IL, USA

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

Category
Risk Management
Finance & Banking
Required Skills
Word/Pages/Docs
Marketing
Excel/Numbers/Sheets

You match the following Markel's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 8+ years of complex retail Fortune 750 risk underwriting experience
  • Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility
  • Demonstrated marketing and relationship building skills
  • Excellent oral and written communication skills
  • Microsoft Office skills to include MS Word and MS Excel
  • Strong analytical and organizational skills
  • Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
Responsibilities
  • Review, analyze, accept, and decline Fortune 750 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 UW Manager and national Risk Management Excess product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate
  • Participate in audits and/or underwriting meetings as required
  • Build and maintain quality relationships with key producers while simultaneously monitoring the entire appointed producer base for profitability and production
  • Review forms and pricing of competitors and be able to effectively market the Markel product within the competitive landscape
  • Provide training or technical assistance to department underwriting staff.
Desired Qualifications
  • Four year college degree and/or CPCU or similar designation preferred
  • Up to 25% travel (when appropriate)

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 innovate and adapt to changing market demands. The company's goal is to lead in their industry by understanding customer needs and providing high-quality service while fostering a supportive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Glen Allen, Virginia

Founded

1930

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for cyber insurance aligns with Markel's investment in Perseus Technologies.
  • Growing interest in ESG factors enhances Markel's environmental pollution coverage offerings.
  • Expansion of the gig economy presents opportunities for Markel to develop niche products.

What critics are saying

  • Increased competition in specialty insurance could erode Markel's market share.
  • Climate change-related claims may lead to higher payouts, impacting profitability.
  • Global economic uncertainty may affect investment returns crucial for Markel's financial health.

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.
  • Markel's investment in cybersecurity and tax insurance diversifies its specialty offerings.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Hybrid Work Options

Employee Stock Purchase Plan