Underwriting Specialist - Ocean Cargo

Markel; Seattle (WA); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Health insurance

401(k) with employer match

Stock Purchase Plan

PTO and holidays

Hybrid work schedule

Job summary

Markel Group in Seattle seeks an experienced Ocean Cargo Underwriter to underwrite new business and renewals profitably within guidelines, and mentor less experienced underwriters.

You will assess submissions, determine risk and pricing, manage relationships with agents and clients, and travel within the territory as needed. Strong knowledge of coverage forms and rating tools is required, along with excellent communication.

Qualifications

• Minimum 5+ years of current experience underwriting profitable Ocean Cargo or related Inland Marine or related business.
• Bachelor’s degree and industry designations (proven, outstanding experience can be substituted for education).
• Proven outstanding reputation with wholesale and retail distribution.
• Knowledge of pricing accounts using rating and modeling tools/techniques.

Responsibilities

• 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.
• Market products to producers by coordinating marketing plans with Southeast management team.
• 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.
• Coordinate with other Markel platforms on common accounts.
• Travel within territory

Skills

Underwriting

Ocean Cargo

Customer service

Analytical thinking

Education

Bachelor's degree

Industry designations

Tools

MS Office

Underwriting systems

Job description

Full 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. Viewed as an expert within a product area and able to mentor less experienced underwriters.

Responsibilities

• 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.
• Market products to producers by coordinating marketing plans with Southeast management team.
• 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.
• Coordinate with other Markel platforms on common accounts.
• Travel within territory

Desired Background

• Minimum 5+ years of current experience underwriting profitable Ocean Cargo or related Inland Marine or related business.
• Bachelor’s degree and industry designations (proven, outstanding experience can be substituted for education).
• Proven outstanding reputation with wholesale and retail distribution.
• Knowledge of pricing accounts using rating and 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.

Who we are

Markel Group (NYSE – MKL) a fortune500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

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 offers hybrid working schedules of 3 days in the office and 2 days remote.