Underwriter, Surety
Markel, Chicago, IL, United States
Underwriter Position at Markel
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 underwriter is to have the knowledge and apply the skills required of this position, including knowledge of required and normal ratios, risks associated with various types of construction activities, competition's underwriting attitudes and industry norms for all issues. The underwriter is the source for knowledge and information concerning bonding. Primary responsibilities include: Underwriting contract bonds adhering to Markel Surety's underwriting philosophy, appropriately assessing the risk presented and properly managing that risk Conducting all forms of marketing to strategically build a profitable book in a designated territory Experience: Bachelor's degree required, 3-4 years experience in Contract Surety Underwriting. 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%. 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 salary for the position is $74,320 - $102,190 with a 20% 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.
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 underwriter is to have the knowledge and apply the skills required of this position, including knowledge of required and normal ratios, risks associated with various types of construction activities, competition's underwriting attitudes and industry norms for all issues. The underwriter is the source for knowledge and information concerning bonding. Primary responsibilities include: Underwriting contract bonds adhering to Markel Surety's underwriting philosophy, appropriately assessing the risk presented and properly managing that risk Conducting all forms of marketing to strategically build a profitable book in a designated territory Experience: Bachelor's degree required, 3-4 years experience in Contract Surety Underwriting. 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%. 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 salary for the position is $74,320 - $102,190 with a 20% 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.