Underwriter, Commercial Surety

Markel Corporation; San Diego (CA); Hybrid; USD 74,000 - 102,000; Full time

Job summary

Markel Corporation is seeking a Commercial Underwriter to produce and underwrite new and renewal commercial bond business, while maintaining productive relationships with agents and brokers. You will assess risk, interpret legal and financial data, and price terms with a focus on service excellence.

The role supports hybrid work models with occasional travel for agent meetings and industry events; base salary ranges with bonus potential reflect compensable factors including location and

Qualifications

• Minimum 2+ years industry experience.
• Ability to analyze bond applications and make objective/subjective decisions.
• Ability to interpret varied procedures and policies.
• Ability to calculate figures such as premiums and commissions.
• Strong written and verbal communication with clients and managers.
• Ability to handle large volumes of bonds and prioritize tasks.

Responsibilities

• Gather, analyze and underwrite commercial surety bonds.
• Evaluate and manage risk consistent with underwriting philosophy.
• Understand legal documents, indemnity agreements, statutes, bond forms and insurance laws.
• Demonstrate judgment in evaluating financial condition and credit history of applicants.
• Develop new business through agency relationships.
• Price, quote, negotiate terms and service accounts.
• Renewal bond underwriting and account management.
• Mentor teammates and support the group as needed.
• Occasional travel to agent meetings or industry events.

Skills

Underwriting

Risk assessment

Analytical thinking

Communication skills

Negotiation

Relationship building

Teamwork

Self-motivation

Education

Bachelor’s degree preferred; high school diploma accepted with equivalent industry experience

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 Commercial Underwriter’s primary responsibility is to produce and underwrite new and renewal commercial bond business while maintaining and building productive relationships with our network of independent agents and brokers. The person in this role should be a self‑motivated individual with the responsibility to cultivate and maintain a profitable commercial book of business by using sound judgment when assessing risk and providing excellent service to our agents and customers.

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
• Have a keen understanding of 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 the evaluation of the 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
• Effectively 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 the ability to attend occasional agent meetings or industry events
• Mentor and provide guidance and support for team members

Qualifications:

• Minimum 2+ year’s industry experience
• Bachelor’s degree preferred; high school diploma accepted with equivalent industry experience.
• Ability to thoroughly analyze bond applications and make both objective and subjective decisions based on that data
• Ability to interpret an extensive variety of procedures and instructions and deal with several abstract and concrete variables
• Ability to define problems, collect data, establish facts and draw valid conclusions
• Ability to calculate figures and amounts such as premium rates and commissions
• Ability to compose business correspondence and respond to questions from managers, clients, and customers
• Ability to handle large volume of bonds and be able to prioritize, organize, and delegate assignments
• Possess strong interpersonal skills
• Possess strong 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 ability to work independently as well as part of a team

#LI-Hybrid #DEIB #Markel-IND 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 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.

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.