Underwriter, Surety

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

Benefits offered by this job

Health insurance

Dental plan

Vision plan

Life insurance

Disability insurance

401(k) match

ESPP

PTO & holidays

Parental leave

Job summary

Markel Group is seeking a Contract Surety Underwriter to join our Chicago team. The role focuses on underwriting contract bonds, marketing to build a profitable book in a designated territory, and maintaining quality business with agents and brokers.

The base salary ranges from $74,320 to $102,190 with a 20% bonus potential. Requires a Bachelor's degree and 3–4 years of experience in Contract Surety Underwriting; US work authorization is required. On-site in Chicago with comprehensive benefits.

Qualifications

• Bachelor's degree required.
• 3–4 years experience in Contract Surety Underwriting.

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.
• 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%.

Skills

Contract Surety Underwriting

Education

Bachelor's degree

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!

Primary 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.
• 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%.

Experience

• Bachelor's degree required.
• 3-4 years experience in Contract Surety Underwriting.

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

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

• 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.

Work Authorization

US Work Authorization required.

EEO / DEI Statement

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.