Underwriter - State National

State National Companies (SNC); Bedford (TX); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Health insurance

401(k) with employer match

Paid time off

Job summary

A leading insurance provider located in Texas is seeking a Financial Analyst to analyze intricate financial data and make underwriting decisions. You will prepare forecasts and analyze trends in the insurance industry. The ideal candidate has a Bachelor's degree and at least 3 years of relevant experience in finance or underwriting. Competitive benefits including health insurance, a 401(k) with employer match, and paid time off are offered.

Qualifications

• 3+ years of experience in accounting, finance, data analysis, or underwriting.
• Ability to create forecasts and analyze trends in financial data.
• Detailed knowledge of underwriting criteria and premium computations.

Responsibilities

• Analyze financial information for risk assessment and profitability.
• Prepare forecasts and analyze trends through CPI account analysis.
• Create and communicate underwriting options to clients.

Skills

Data analysis

Financial forecasting

Good communication skills

Advanced Excel skills

Autonomous decision-making

Education

Bachelor's degree

Tools

Word

Excel

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.

Responsible for independently analyzing financial information to forecast business, industry, and economic conditions relating to the insurance industry, for use in making financial decisions regarding risk and profitability of client accounts. Gather and analyze industry, regulatory, and economic information to analyze risk and make appropriate underwriting decisions. Interpret data concerning insurance products and pricing. Summarize data describing current and long‑term trends in insurance risk and economic influences pertinent thereto. Recommend modifications to management’s risk portfolio. Creates and communicates underwriting options to our client engagement and business development associates.

Essential Functions

• Prepares forecasts and analyzes trends through CPI (Collateral Protection Insurance) account analysis to provide relevant information to support recommendations for changes in rates for new business pricing and account underwriting
• Provides relevant information to facilitate the implementation of efficient processes, controls and follow‑up for profitable improvement of active accounts through recommended rate increases/decreases, commission adjustments and coverage changes
• Analyzes prospective clients’ past history to develop rates for profitable new business.
• Maintains a complete knowledge of CPI rules, rates and forms to ensure compliance in each account
• Serves as a resource to the company regarding CPI rules, rates and forms; provides assistance in the training of business development and client engagement associates to develop their knowledge of products
• Directs the Compliance department on filing changes and priorities; reviews, analyzes, and maintains records of commissions paid to active accounts; reviews and analyzes requests by underwriting from the field for current accounts, and documents in CRM, and makes recommendations.
• Prepares and distributes various management reports.
• Completes special projects as assigned by management.
• Creates option forms, builds quotes, and assists business development in pre-delivery

Job Qualifications

• Bachelors degree preferred
• 3 or more years of experience in the field or a related area recommended (accounting, finance, data analysis, underwriting)
• Detailed knowledge of specific underwriting criteria and premium computations by using spreadsheets and statistical software to analyze financial data, spot trends, and develop forecasts.
• A certain degree of creativity and latitude is required.
• The ability to independently make accurate underwriting decisions and analyze risk.
• Good communication skills
• Advanced P/C skills in Word and Excel
• Ability to work autonomously and make decisions efficiently

Work Conditions

• Standard office environment
• May be required to sit for extended periods of time

Machinery & Equipment

• Telephone, PC, fax machine, copy machine, and printer.

US Work Authorization

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

Benefits

• 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; affectionate 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.