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MA

Executive Underwriter, Inland Marine

Markel
Red Bank, United Statesfull_timeVerifiedPosted 25 Oct 2024

About the role

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!

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. Because, at Markel, the work you do gives people the confidence to move forward and seize opportunities. Whether you’re wild about horses, bananas for boats or driven by data, 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. Promotes the growth and development of less experienced underwriters and fosters teamwork.

The position spans the Retail & Wholesale Commercial Inland Marine insurance segment underwriting for Markel Specialty Northeast Region headquartered in Red Bank, NJ. The focus of the position includes reviewing, analyzing, pricing, accepting, and declining risks in accordance with underwriting strategy to ensure profitability for Markel.

What you'll be doing:

  • Communicate effectively and timely with underwriting management and national product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems, procedures, opportunities, and strategy when appropriate;
  • Underwrite new and renewal business that will produce an underwriting profit;
  • Review submissions and identify exposure and risk from information provided as well as additional information required from producers;
  • Review terms, conditions and pricing for adequacy;
  • Manage and handle related account servicing;
  • Work effectively to integrate support staff into daily operations to increase efficiencies;
  • Use the various tools available to maximize success rate;
  • Implement corrective measures on renewal accounts as needed;
  • Monitor producers for profitability and production;
  • Market products to producers by coordinating marketing plan with regional and national marketing associates;
  • Participate in audits and/or underwriting meetings as required.

What we're looking for:

  • 10+ years of experience in profitable Inland Marine underwriting required;
  • Demonstrated technical knowledge and skills reflective of advanced professional liability understanding;
  • Must have excellent oral and written communication skills
  • Proven exceptional customer service skills;
  • Technologically savvy; proficient in Excel, Word, Powerpoint, and Outlook as well as a comfort utilizing new tools and web applications;
  • Strong analytical, organizational, risk assessment and time management skills;
  • Four year college degree and/or RPLU designation preferred;
  • Must be a team player with a positive attitude that enjoys a flexible and spontaneous business environment;
  • Flexible to travel, approximately 25% when appropriate.

Who we are:

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

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 a

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Company

Markel

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