Senior Underwriter, Surety

Markel; Lake Oswego (OR); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Health insurance

401(k) with employer match

Paid time off

Job summary

Markel is looking for an Underwriter in Lake Oswego, Oregon. In this role, you will independently underwrite contract bonds and manage associated risks, while also conducting marketing to build a profitable book. A Bachelor’s degree and 3-5 years in underwriting are preferred.

Markel offers comprehensive benefits including health, dental, and vision insurance, as well as a 401(k) with contributions, PTO, and parental leave.

Qualifications

• 3 - 5 years in an underwriting capacity.
• Solid understanding of contract and subdivision bond underwriting.
• Ability to write and articulate complex information clearly.

Responsibilities

• Independently underwrite contract bonds following underwriting philosophy.
• Conduct marketing to build a profitable book.
• Provide guidance and coaching to others.

Skills

Underwriting

Risk assessment

Sales strategies

Communication

Decision making

Education

Bachelor’s degree preferred

Job description

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. Join us and play your part in something special! Primary responsibilities include: 1) independently underwrite contract bonds adhering to Markel Surety’s underwriting philosophy, appropriately assessing the risk presented and properly managing that risk and 2) conduct all forms of marketing to strategically build a profitable book in a designated territory. The underwriter must have the knowledge and apply the skills required of this position, including knowledge of required and normal ratios, risks associated with various types of construction activities, competition’s underwriting attitudes and industry norms for all issues. The underwriter is the source for knowledge and information concerning bonding.

What You'll Be Doing

• 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

What We're Looking For

• Bachelor’s degree preferred
• Incumbent should have completed 3 - 5 years in an underwriting capacity
• Qualified candidate has demonstrated a solid understanding of contract and subdivision bond underwriting
• Ability to write and articulate in a concise and clear manner to convey complex information
• Underwrites for profitable premium growth
• Associate learns the nuances of the surety rate manual
• Under minimal supervision makes quick sound decisions and negotiates terms and conditions consistent with underwriting authority limits, standards and within submission timeframes.
• Self-sufficient with demonstrated ability to overcome obstacles
• Takes ownership and responsibility for decisions and outcomes
• Provides guidance and coaching to others
• Assigned larger and more important agents/brokers

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Benefits

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

• We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.
• All full‑time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
• We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non‑work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.

No agencies please.