Underwriter, Surety

Markel; Chicago (IL); On-site; USD 74,000 - 102,000; Full time

Benefits offered by this job

Health insurance

401(k) with employer match

Paid time off

Holiday & floating holidays

Job summary

Markel Group is seeking a Contract Surety Underwriter in Chicago to underwrite contract bonds and manage risk in a designated territory. You will produce and underwrite business from agents/brokers, and travel up to 20% to support agency development.

US work authorization is required; salary ranges from $74,320 to $102,190, with a 20% bonus potential. Markel offers comprehensive benefits and opportunities across a global insurance network.

Qualifications

• Bachelor's degree required.
• 3-4 years experience in Contract Surety Underwriting.
• Produce and underwrite business from assigned agents/brokers.
• Open to travel up to 20%.
• Knowledgeable in contract review including bond forms 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 knowledge

Risk assessment

Financial analysis

Travel readiness

Education

Bachelor's degree

Tools

Bond forms

Indemnity agreements

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

• 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%

#DEIB

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

• 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.

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 the [e-mail].