Underwriter, Surety
Markel, Chicago, IL, United States
Responsibilities
Underwrite contract bonds adhering to Markel Surety’s underwriting philosophy, appropriately assessing the risk presented and properly managing that risk.
Conduct all forms of marketing to strategically build a profitable book in a designated territory.
Apply required skills and knowledge, 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.
Act as the source for knowledge and information concerning bonding.
Qualifications
Bachelor's degree required.
At least 1 year of 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
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.
Benefits
Competitive benefit programs that support employees at all stages of life.
Health, dental and vision insurance plan options, plus optional life, disability, and AD&D insurance.
401(k) with employer match contributions, Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
Equal Opportunity Employer
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; 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.
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Underwrite contract bonds adhering to Markel Surety’s underwriting philosophy, appropriately assessing the risk presented and properly managing that risk.
Conduct all forms of marketing to strategically build a profitable book in a designated territory.
Apply required skills and knowledge, 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.
Act as the source for knowledge and information concerning bonding.
Qualifications
Bachelor's degree required.
At least 1 year of 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
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.
Benefits
Competitive benefit programs that support employees at all stages of life.
Health, dental and vision insurance plan options, plus optional life, disability, and AD&D insurance.
401(k) with employer match contributions, Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
Equal Opportunity Employer
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; 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.
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