Sr. Underwriter/Underwriting Specialist - Cyber & Professional Liability

Markel; Boston (MA); On-site; USD 87,000 - 204,000; Full time

Benefits offered by this job

Health insurance

401(k) with employer match

Stock Purchase Plan

PTO and holidays

Job summary

Markel is seeking a Sr. Underwriter to underwrite new business and renewals in Cyber/IT & Misc E&O, ensuring profitability and compliance. You’ll analyze risk, determine classifications, rates and charges, and guide junior staff.

The role requires 5+ years of underwriting experience, strong communication and relationship-building skills, and travel up to 25%. US work authorization is required, with no visa sponsorship offered. This is a full-time position with Markel.

Qualifications

• Minimum 5 years current complex underwriting expertise preferred.
• Demonstrated technical knowledge reflective of progression of positions.
• Proven experience in wholesale and retail channels.
• Demonstrated marketing and relationship building skills.
• Four-year college degree and/or CPCU or similar designation preferred.
• Excellent oral and written communication skills.
• Strong analytical and organizational skills.
• Must be a team player that enjoys a flexible business environment.
• Ability to travel up to 25%.

Responsibilities

• Review, analyze, accept, and decline wholesale and retail Cyber/IT & Misc E&O 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 to meet profitability.
• Communicate with regional managers and product line leaders on accounts and producers.
• Participate in audits and underwriting meetings as required.
• Build and maintain quality relationships with key producers while monitoring profitability and production.
• Review forms and pricing of competitors and market the Markel product effectively.
• Provide training or technical assistance to underwriting support staff.

Skills

Underwriting expertise

Wholesale/retail experience

Communication skills

Analytical skills

Team player

Willingness to travel

Education

Bachelor's degree or CPCU or similar designation

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!

The primary purpose of this position is to underwrite new business and renewals in a profitable manner and according to authority level and established guidelines, and participate in special projects having an impact on the business. Assigned larger and more important agents/brokers. Utilize underwriting tools to determine accurate classifications, rates, and premium charges. Understand state laws, including cancellation and non-renewal, within assigned territory to properly transact business within each state. Knowledgeable in coverage forms and policy language; appropriate utilization of forms and exclusions. Assist with resolving premium audit disputes within assigned agents/brokers. Able to provide coaching to others.

What you'll be doing

• Review, analyze, accept, and decline wholesale and retail Cyber/IT & Misc E&O 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 regional managers and national Cyber/IT & Misc E&O 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 support staff.

What we’re looking for

• Minimum 5 years current complex underwriting expertise preferred;
• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility;
• Proven experience in the wholesale and retail channels;
• Demonstrated marketing and relationship building skills;
• Four-year college degree and/or CPCU or similar designation preferred;
• Excellent oral and written communication skills;
• Strong analytical and organizational skills;
• Must be a team player that enjoys a flexible and spontaneous business environment;
• Ability to travel up to 25%.

US Work Authorization

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

Pay information

The salary range for the Sr. Underwriter position is $87,100-181,400/year and the Underwriting Specialist position is $97,950 -204,100/year. The posted salary range reflects the lowest and highest base salary applicable to this role across our U.S. locations. Individual offers are determined based on geographic location, experience, qualifications, internal equity, and other job-related factors. As a result, the salary offered for a specific location will fall within a narrower range than the overall range displayed in this posting. This position may also be eligible to participate in the Company's annual incentive plan.

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.

We’re all about people | We win together | We strive for better

We enjoy the everyday | We think further

What’s in it for you

• 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.