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Senior Underwriter : Financial Institutions

Senior Underwriter : Financial Institutions

MarkelNew York, NY, US
16 hours ago
Job type
  • Full-time
Job description

Senior Underwriter

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 position encompasses financial institutions underwriting. The focus of the position includes reviewing, analyzing, accepting, and declining risks to ensure profitability for Markel. The incumbent will communicate with underwriting management and national Financial Institutions product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate. The Senior Underwriter will review exposures, terms, conditions and pricing while underwriting new and renewal business and handle related servicing. They will also implement corrective measures on renewal accounts as needed and monitor producers for profitability and production. In addition, they will market products to producers by coordinating marketing plan with regional and national marketing associates as well as participate in audits and / or underwriting meetings as required.

Responsibilities :

  • Review, analyze, accept, and decline retail Financial Institutions risks to ensure profitability for Markel.
  • Underwrite and select new business that will produce an underwriting profit.
  • Manage the existing renewal book and implement corrective measures, as needed, to meet profitability expectations.
  • Communicate with regional managers and national Financial Institutions product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate.
  • Participate in audits and / or underwriting meetings as required.
  • Build and maintain quality relationships with key producers while simultaneously monitoring the entire appointed producer base for profitability and production.
  • Review forms and pricing of competitors and be able to effectively market the Markel product within the competitive landscape.
  • Provide training or technical assistance to department underwriting support staff.

Qualifications :

  • 3-5 years of Financial Institutions underwriting experience in the East Coast of the USA required.
  • Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
  • Demonstrated marketing and relationship building skills.
  • Four year college degree and / or CPCU or similar designation preferred.
  • Excellent oral and written communication skills.
  • Microsoft Office skills to include MS Word and MS Excel.
  • Strong analytical and organizational skills.

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

    The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, demonstrated competencies, geographic location, and other factors. The base salary range for the Sr. Underwriter position is $92k - $127k / year with a 25% bonus potential.

    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

    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.

    • Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

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    Senior Underwriter • New York, NY, US