Surety Underwriter

Markel Corporation; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Surety Underwriter to join their London office. In this pivotal role, you will actively manage a portfolio of surety business while forging strong relationships with clients and brokers. Your expertise will help enhance the underwriting strategy and ensure the delivery of exceptional service. This dynamic environment offers ample opportunities for professional growth and development, making it an ideal place for those eager to make a meaningful impact in the surety sector. If you are ready to embrace new challenges and drive success, this role is tailored for you.

Benefits

Annual bonus

25 days paid holiday

Company pension scheme

Private medical cover

Dental cover

Life assurance

Travel insurance cover

Income protection

Season ticket loan

Qualifications

• Detailed understanding of surety products and negotiation skills.
• Strong numerical skills for interpreting company accounts.

Responsibilities

• Manage a book of surety business and identify new opportunities.
• Provide top-level service to brokers and clients.
• Champion continuous improvements in bond administration.

Skills

Surety products knowledge

Numerical and analytical skills

Communication skills

Negotiation skills

Microsoft 365 proficiency

Job description

Due to growth, we are looking for a Surety Underwriter to be based in the London office.
The Surety team offers a wide range of surety bonds and guarantees that support clients with their contractual obligations and help them successfully grow in an ever-changing global environment. We can offer significant surety capacities to the right business at competitive rates. We can consider international surety bonds and guarantee requirements and have the ability to structure cross-territory solutions.

This role is based in the Surety Division with a special focus on underwriting, developing and maintaining a profitable and sustainable book of surety business whilst providing a first-class reliable service to both clients and brokers.

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.

What you’ll be doing:

• Actively manage a book of surety business and also identify and capture new business opportunities in accordance with plan.
• Provide the highest level of service to brokers and clients. Develop and maintain broker and client relationships to support implementation of strategy and monitor progress and developments.
• Champion continuous improvements and continually work with the team to enhance end-to-end process of information collection and bond administration.
• Confidently and positively demonstrate the discipline of our chosen underwriting approach.
• Positively contribute towards the team’s underwriting strategy and diligently adhere to it at all times.
• Regular broker and client meetings and travel to represent Markel as required.
• Apply appropriate underwriting practices including authority and guidelines control.
• Providing underwriting support to other team members, overseas offices and handling of referral approvals.
• Work with class head on portfolio management.
• Overseeing of project work.

Our must-haves:

• Have a detailed understanding of all surety products and have the ability to negotiate bond wordings and counter indemnities.
• Demonstrate strong numerical and analytical skills with a key skill in interpreting company accounts to assess the credit quality and capabilities of the businesses the division chooses to support.
• Have a strong network of distribution channels.
• Have excellent communication and negotiation skills.
• Excellent IT skills including Microsoft 365.

Technical Underwriting:

• Underwriting due diligence and Risk Acceptance.
• Portfolio Management.
• Underwriting Data Analysis.
• Bond Wording and Counter Indemnity knowledge.

Who we are:

Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.

What’s in it for you?

• A great starting salary plus annual bonus & strong benefits package.
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer.
• There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Are you ready to play your part?

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at [e-mail] or call us at 0161 507 5827 to request any accommodations that may be needed.