Sr. Underwriter, Life Sciences

$84,000 - $114,000/Yr

Markel - Boston, MA

Full-time - Mid Level

Hybrid - Boston, MA

251-500 employees

Insurance Carriers and Related Activities

About the position

The primary purpose of this retail position focused on middle market multi-line is to underwrite new business and renewals profitably, according to authority levels and established guidelines. The role involves working with larger and more important agents/brokers, utilizing underwriting tools to determine accurate classifications, rates, and premium charges, and understanding state laws related to cancellation and non-renewal. The position also includes coaching others and participating in special projects that impact the business.

Responsibilities

• Review, analyze, accept, and decline life science risks to ensure profitability for Markel.
• Find different approaches towards risks to maximize profitability and increase renewal retention rates.
• Review complex policies to verify acceptability based on company underwriting guidelines and granted underwriting authority.
• Price and quote accounts within company guidelines.
• Determine whether to accept, modify, or decline risks.
• Accountable for accurate underwriting documentation/information in account management systems and adherence to documentation standards.
• Provide excellent customer service.
• Capture new business opportunities and effectively cross-sell.
• Consult with agents/brokers to obtain further information, quote rates, or explain underwriting guidelines.
• Create tactical sales plans; track results and execute necessary corrective action.

Requirements

• 3+ years of life science underwriting expertise within the retail space.
• Multi-line underwriting experience is a plus.
• 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.
• Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed.

Benefits

• Multiple health, dental, and vision insurance plan options.
• 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.
• Hybrid working schedules of 3 days in the office and 2 days remote.