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Underwriter/Senior Underwriter: Life Sciences

External
markelcorp logoMarkelcorp · New York, NY
$74K–$102K/yrFull-timeHybridToday
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About the role

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

Responsibilities

  • Reviewing, analyzing, accepting, and declining life sciences risks to ensure profitability for Markel.
  • Communicating with underwriting management on individual accounts, current and proposed producers, and to make recommendations concerning operations, systems, and procedures when appropriate.
  • Underwrite and select new business that will produce an underwriting profit.
  • Review submissions and identify exposure and risk from information provided.
  • Underwrite renewal business and review terms conditions and pricing.
  • Monitor producers for profitability and production.
  • Monitor results of the overall book of business assigned; and recommend corrective action as necessary.
  • Drive new business production by actively marketing to wholesale broker partners, identifying high-potential distribution relationships, and executing outreach strategies aligned with team appetite and growth goals.
  • 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.
  • Manage broker relationships within the wholesale channel.
  • Travel within the Northeast region marketing to brokers.

Requirements

  • Minimum 3 years of current experience underwriting profitable life sciences or related business (position title will depend upon experience);
  • Bachelor's degree and industry designations (proven, outstanding experience can be substituted for education);
  • Proven outstanding reputation with wholesale distribution;
  • Knowledge of pricing accounts using loss rating and actuarial modeling tools/techniques;
  • Willingness to frequently travel across the Northeast region for broker visits, industry events, and in-person relationship development to drive new life sciences business.
  • 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;
  • Must have 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.
  • #LI-Hybrid
  • #LI-SY
  • US Work Authorization
  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.
  • Pay information:

Benefits

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.Are you ready to playHealth insuranceDental insuranceVision insurance401(k)Paid time offFlexible scheduleEquity / stock optionsPerformance bonusParental leave

Additional Information

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 primary purpose of this position is to underwrite new life sciences business and renewals in a profitable manner and according to authority level and established guidelines, and participate in special projects having an impact on the business. Utilize underwriting tools to determine accurate classifications, rates, and premium charges. Knowledgeable in coverage forms and policy language; appropriate utilization of forms and exclusions. Able to provide coaching to others. Regular travel across the Northeast region is expected to develop broker relationships and drive new business opportunities in the marketplace.

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