Surety Underwriter

Markel; Chicago (IL); On-site; USD 74,320 - 102,190; Full time

Benefits offered by this job

Health insurance

401(k) with employer match

Employee Stock Purchase Plan

Paid time off

Parental leave

Holiday and floating holidays

Job summary

Markel is seeking an experienced Underwriter for contract surety in the United States. You will underwrite bonds, assess risk, and manage a profitable book within a specified territory, collaborating with agents and brokers to grow business.

The role requires a Bachelor’s degree and 3–4 years in contract surety underwriting, with up to 20% travel and strong knowledge of bond forms and indemnity agreements.

Qualifications

• Bachelor’s degree required.
• 3–4 years experience in Contract Surety Underwriting.
• Produce and underwrite business from assigned agents/brokers.
• Open to travel 20%.
• Knowledgeable in contract review including bond forms, riders, and indemnity agreements.

Responsibilities

• Underwrite contract bonds adhering to Markel Surety’s underwriting philosophy, appropriately assessing the risk presented and properly managing that risk.
• Conduct all forms of marketing to strategically build a profitable book in a designated territory.

Skills

Underwriting

Risk assessment

Market knowledge

Agency management

Education

Bachelor’s degree

Tools

Account management systems

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 underwriter is to 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.

Primary responsibilities

With assistance where needed from Branch Manager:

• Underwrite contract bonds adhering to Markel Surety’s underwriting philosophy, appropriately assessing the risk presented and properly managing that risk and
• Conduct all forms of marketing to strategically build a profitable book in a designated territory.

Experience

• Bachelor’s degree required
• 3-4 years experience in Contract Surety Underwriting
• Produce and underwrite business from assigned agents/brokers
• Continuously manage book of business (maintains quality business)
• Direct responsibility for agency development and management, including agency visits
• Accountable for accurate underwriting documentation/information in account management systems and adherence to documentation standards
• Knowledgeable in contract review including bond forms, riders, and indemnity agreements
• Understands and executes strategies to produce quality results
• Open to travel 20%

US Work Authorization

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

Pay information

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The salary for the position is $74,320 - $102,190 with a 20% bonus potential.

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

We enjoy the everyday | We think further

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.

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.

Caution: Employment scams

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:

• All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.
• All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to [e-mail].

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.

Should you require any accommodation through the application process, please send an e‑mail to [e-mail].