Underwriting Specialist/Executive Underwriter, Inland Marine

Markel; Nebraska; On-site; USD 104,000 - 144,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) with employer match

Employee Stock Purchase Plan

Paid time off

Parental leave

Job summary

Markel Group is seeking an experienced Underwriting Specialist to underwrite inland marine risks and renewals in a profitable, guideline-driven manner. You will assess submissions, set pricing, support agents, and mentor junior underwriters.

The role requires 6+ years of underwriting experience, a bachelor’s degree, strong pricing and communication skills, and proficiency with MS Office and underwriting systems. Travel within the Midwest is expected.

Qualifications

• Minimum 6+ years underwriting profitable inland marine or related business.
• Bachelor’s degree; industry designations as a plus.
• Proven reputation with retail distribution and strong pricing skills.
• Excellent oral and written communication; team player in a flexible environment.
• Proficient with MS Office and underwriting systems; analytical thinker.

Responsibilities

• Review inland marine risks to ensure profitability for Markel.
• Underwrite and select new business for underwriting profit.
• Review submissions, identify exposure and risk from data provided.
• Underwrite renewal terms, conditions, and pricing; service accounts.
• Monitor profitability and production of assigned producers.
• Mentor junior underwriters and coordinate with other Markel products.
• Travel within the Midwest region and participate in audits/meetings.

Skills

Excellent communication

Analytical skills

Organizational skills

Team player

Customer service

Underwriting pricing

Loss rating modeling

Actuarial modeling tools

Education

Bachelor's degree

Tools

MS Office

Underwriting system

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 primary purpose of this position is to underwrite new business and renewals in a profitable manner and according to authority level and established guidelines, and drive projects having an impact on the business. Assigned larger, more important and more complex accounts. Utilize underwriting tools to determine accurate classifications, rates, and premium charges. Understand state laws, including cancellation and non-renewal, within assigned territory to properly transact business within each state. Knowledgeable in coverage forms and policy language; appropriate utilization of forms and exclusions. Assist with resolving premium audit disputes within assigned agents/brokers. Promotes the growth and development of less experienced underwriters and fosters teamwork.

What you'll be doing

• Reviewing, analyzing, accepting, and declining inland marine risks to ensure profitability for Markel.
• Communicating with underwriting management on individual accounts, current and proposed producers, and to make recommendations concerning operations, systems and procedures when appropriate.
• Underwrite and select new business that will produce an underwriting profit.
• Review submissions and identify exposure and risk from information provided.
• Underwrite renewal business review terms, conditions and pricing and handle related account servicing.
• Monitor producers for profitability and production.
• Monitor results of the overall book of business assigned; and recommend corrective action as necessary.
• Develop and maintain productive relationships within assigned region and product line management.
• Participate in audits and/or underwriting meetings as required.
• Cross-sell opportunities with other Markel divisions through the promotion of Markel’s products and services.
• Opportunity to mentor junior underwriting talent
• Coordinate with other Markel products on common accounts.
• Travel within the Midwest region

What we're looking for

• Minimum 6+ years of current experience underwriting profitable Admitted inland marine or related business (position title will depend upon experience);
• Bachelor’s degree and industry designations (proven, outstanding experience can be substituted for education);
• Proven outstanding reputation with retail distribution;
• Knowledge of pricing accounts using loss rating and actuarial modeling tools/techniques;
• Ability to work in a fast-paced environment;
• Proven excellent customer service skills;
• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility;
• Must have excellent oral and written communication skills;
• Superb MS Office and underwriting system skills;
• Strong analytical and organizational skills;
• Must be a team player that enjoys a flexible and spontaneous business environment.

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 national average salary range for the Underwriting Specialist position is $104,480k - $143,660k with a 25% bonus potential and the Executive Underwriter position is $116,080 - $159,610/year with a 30% 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.

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

No agencies please.