Underwriter/Senior Underwriter - Retail Inland Marine

$84,000 - $114,000/Yr

Markel - Honolulu, HI

Full-time - Mid Level

Hybrid - Honolulu, HI

251-500 employees

Insurance Carriers and Related Activities

About the position

The Underwriter/Senior Underwriter position at Markel Corporation focuses on underwriting new business and renewals in a profitable manner, adhering to established guidelines and authority levels. This role is crucial in ensuring that the company maintains its profitability while providing coverage for inland marine risks. The underwriter will be responsible for analyzing submissions, determining accurate classifications, rates, and premium charges, and understanding state laws related to cancellation and non-renewal. The position also involves resolving premium audit disputes and providing coaching to less experienced team members. The successful candidate will work closely with larger and more important agents and brokers, utilizing underwriting tools to assess risks effectively. They will be expected to communicate with underwriting management regarding individual accounts and make recommendations for operational improvements. The role requires a proactive approach to monitoring the profitability of producers and the overall book of business, with the ability to recommend corrective actions when necessary. Additionally, the underwriter will participate in audits and underwriting meetings, cross-sell opportunities with other Markel divisions, and coordinate with other platforms on common accounts. This position is based in Honolulu, HI, and involves travel within the West Retail region, making it essential for the candidate to have strong analytical and organizational skills, as well as the ability to thrive in a fast-paced environment.

Responsibilities

• Review, analyze, accept, and decline inland marine risks to ensure profitability for Markel.
• Communicate with underwriting management on individual accounts and producers, making recommendations for operations and procedures.
• Underwrite and select new business that will produce an underwriting profit.
• Review submissions to identify exposure and risk from provided information.
• Underwrite renewal business, reviewing terms, conditions, and pricing, and handle related account servicing.
• Monitor producers for profitability and production.
• Monitor results of the overall book of business assigned and recommend corrective action as necessary.
• Develop and maintain productive relationships within assigned region and product line management.
• Participate in audits and/or underwriting meetings as required.
• Cross-sell opportunities with other Markel divisions through the promotion of Markel's products and services.
• Coordinate with other Markel platforms on common accounts.
• Travel within the West Retail region.

Requirements

• Minimum 5+ years of current experience underwriting profitable Admitted inland marine or related business.
• Bachelor's degree and industry designations (proven, outstanding experience can be substituted for education).
• Proven outstanding reputation with wholesale and retail distribution.
• Knowledge of pricing accounts using loss rating and actuarial modeling tools/techniques.
• Ability to work in a fast-paced environment.
• Proven excellent customer service skills.
• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
• Excellent oral and written communication skills.
• Superb MS Office and underwriting system skills.
• Strong analytical and organizational skills.
• Must be a team player that enjoys a flexible and spontaneous business environment.

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.
• Paid Time Off (PTO), corporate holidays, and floating holidays.
• Parental leave.
• Hybrid working schedules of 3 days in the office and 2 days remote.