Commercial Surety Underwriter - Risk, Bonds & Growth

Markel; Virginia; On-site; USD 74,000 - 102,000; Full time

Benefits offered by this job

Health insurance

Dental & Vision

401(k) with employer match

Employee Stock Purchase Plan

Paid time off

Parental leave

Job summary

Markel is seeking a Commercial Underwriter to underwrite new and renewal commercial bond business while building strong relationships with agents and brokers. You will assess risk using underwriting philosophy, manage a diverse portfolio, and mentor teammates, with travel to meetings and industry events.

The role rewards initiative with a competitive salary and bonus potential within Markel’s global team. In this position you’ll analyze bond applications, interpret legal documents, and maintain

Qualifications

• Minimum 2+ years of industry experience.
• Bachelor’s degree preferred; high school diploma accepted with equivalent industry experience.
• Ability to analyze bond applications and make objective/subjective decisions.
• Ability to interpret diverse procedures and variables.
• Ability to define problems, collect data, establish facts and draw conclusions.
• Ability to calculate figures such as premium rates and commissions.
• Ability to compose business correspondence and respond to queries from managers, clients, and customers.
• Ability to handle large volume of bonds and prioritize, organize, and delegate assignments.
• Strong interpersonal, organizational, and time-management skills.
• Ability to multi-task and work in a team environment.
• Strong customer service orientation and negotiating skills.
• Self-motivated and able to work independently as well as part of a team.

Responsibilities

• Gather, analyze and underwrite commercial surety bonds.
• Evaluate and manage risk associated with various types of commercial surety bonds while adhering to the company’s underwriting philosophy.
• Understand legal documents, indemnity agreements, statutes, bond forms, and insurance laws and regulations.
• Have a solid understanding of financial and accounting principles.
• Demonstrate sound business judgment in evaluating financial condition, credit history, experience, and character of bond applicants.
• Develop new business through agency relationships.
• Possess a solid knowledge of processing methods and workflow procedures.
• Exhibit excellent written and verbal communication both internally and externally.
• Interact with people in small groups and social situations.
• Price, quote, negotiate terms and conditions, and service accounts.
• Decline and/or cancel coverage.
• Renewal bond underwriting.
• Contribute to internal processing and underwriting systems for standardization and efficiencies.
• Available for overnight travel and attendance at agent meetings or industry events.
• Mentor and provide guidance and support for team members.

Skills

Underwriting

Risk analysis

Agency relationships

Communication

Negotiation

Customer service

Multitasking

Team player

Self-motivated

Problem solving

Education

Bachelor’s degree preferred

High school diploma accepted

Job description

Markel is seeking a Commercial Underwriter to underwrite new and renewal commercial bond business while building strong relationships with agents and brokers. You will assess risk using underwriting philosophy, manage a diverse portfolio, and mentor teammates, with travel to meetings and industry events.

The role rewards initiative with a competitive salary and bonus potential within Markel’s global team. In this position you’ll analyze bond applications, interpret legal documents, and maintain