Sr. Underwriter/Underwriting Specialist - Cyber & Professional Liability

Markel; Conshohocken (Montgomery County); On-site; USD 87,000 - 204,000; Full time

Benefits offered by this job

Health, dental and vision insurance

401(k) with employer match

Employee Stock Purchase Plan

PTO and holidays

Job summary

Markel is seeking a senior underwriter to underwrite wholesale and retail Cyber/IT & Misc E&O risks, ensuring profitability and adherence to guidelines. The role involves evaluating new business, managing renewals, and communicating with regional and national product leaders about accounts and processes.

Ideal candidates will have a minimum of five years in complex underwriting, strong analytical and communication skills, and a track record in relationship-building within wholesale/retail

Qualifications

• 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%.

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, 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.

Skills

Complex underwriting

Underwriting

Relationship building

Communication skills

Analytical skills

Team player

Travel up to 25%

Education

Bachelor's degree / CPCU

Job description

What part will you play?

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

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.