Underwriter, Commercial Surety

Overview

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 at Markel gives people 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 Commercial Underwriter’s primary responsibility is to produce and underwrite new and renewal commercial bond business while maintaining and building productive relationships with our network of independent agents and brokers. The person in this role should be a self-motivated individual with the responsibility to cultivate and maintain a profitable commercial book of business by using sound judgment when assessing risk and providing excellent service to our agents and customers.

• Gather, analyze and underwrite commercial surety bonds
• Evaluate and manage risk associated with various types of commercial surety bonds while adhering to the company’s underwriting philosophy
• Have a keen understanding of legal documents, indemnity agreements, statutes, bond forms, and insurance laws and regulations
• Have a solid understanding of financial and accounting principles
• Demonstrate sound business judgment in the evaluation of the financial condition, credit history, experience, and character of bond applicants
• Develop new business through agency relationships
• Possess a solid knowledge of processing methods and workflow procedures
• Exhibit excellent written and verbal communication both internally and externally
• Effectively interact with people in small groups and social situations
• Price, quote, negotiate terms and conditions, and service accounts
• Decline and/or cancel coverage
• Renewal bond underwriting
• Contribute to internal processing and underwriting systems for standardization and efficiencies
• Available for overnight travel and the ability to attend occasional agent meetings or industry events
• Mentor and provide guidance and support for team members

• Minimum 2+ year’s industry experience
• Bachelor’s degree preferred; high school diploma accepted with equivalent industry experience
• Ability to thoroughly analyze bond applications and make both objective and subjective decisions based on that data
• Ability to interpret an extensive variety of procedures and instructions and deal with several abstract and concrete variables
• Ability to define problems, collect data, establish facts and draw valid conclusions
• Ability to calculate figures and amounts such as premium rates and commissions
• Ability to compose business correspondence and respond to questions from managers, clients, and customers
• Ability to handle large volume of bonds and be able to prioritize, organize, and delegate assignments
• Possess strong interpersonal skills
• Possess strong organizational and time management skills
• Ability to multi-task and work in a team environment
• Strong customer service orientation and negotiating skills
• Self-motivated and ability to work independently as well as part of a team

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, licensure, demonstrated competencies, geographic location, and other factors. The salary for the position is $74,320 - $102,190 with a 20% bonus potential.

Markel Group is a fortune 500 company with over 60 offices in 20+ countries, and is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We offer competitive benefit programs to support our employees in living their lives to the fullest at home and at work, including health, dental and vision insurance options, life, disability, and AD&D insurance, a 401(k) with employer match, an Employee Stock Purchase Plan, paid time off, corporate holidays and floating holidays, and parental leave.

Choose Apply Now to fill out our short application so that we can learn more about you.

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