Markel · 6 months ago
Underwriter, Commercial Surety
San Diego, CA
Full-time
Onsite
Entry, Mid Level
$74K/yr - $102K/yr
2+ years expMarkel is a Fortune 500 company that specializes in insurance and reinsurance, and they are seeking a Commercial Underwriter. The primary responsibility of this role is to produce and underwrite new and renewal commercial bond business while maintaining productive relationships with independent agents and brokers.
Insurance
No H1B
Responsibilities
Gather, analyze and underwrite commercial surety bonds
Evaluate and manage risk associated with various types of commercial surety bonds while adhering to the company’s underwriting philosophy
Have a keen understanding of legal documents, indemnity agreements, statutes, bond forms, and insurance laws and regulations
Have a solid understanding of financial and accounting principles
Demonstrate sound business judgment in the evaluation of the financial condition, credit history, experience, and character of bond applicants
Develop new business through agency relationships
Possess a solid knowledge of processing methods and workflow procedures
Exhibit excellent written and verbal communication both internally and externally
Effectively interact with people in small groups and social situations
Price, quote, negotiate terms and conditions, and service accounts
Decline and/or cancel coverage
Renewal bond underwriting
Contribute to internal processing and underwriting systems for standardization and efficiencies
Available for overnight travel and the ability to attend occasional agent meetings or industry events
Mentor and provide guidance and support for team members
Qualification
Required
Minimum 2+ year's industry experience
Ability to thoroughly analyze bond applications and make both objective and subjective decisions based on that data
Ability to interpret an extensive variety of procedures and instructions and deal with several abstract and concrete variables
Ability to define problems, collect data, establish facts and draw valid conclusions
Ability to calculate figures and amounts such as premium rates and commissions
Ability to compose business correspondence and respond to questions from managers, clients, and customers
Ability to handle large volume of bonds and be able to prioritize, organize, and delegate assignments
Possess strong interpersonal skills
Possess strong organizational and time management skills
Ability to multi-task and work in a team environment
Strong customer service orientation and negotiating skills
Self-motivated and ability to work independently as well as part of a team
Bachelor's degree preferred; high school diploma accepted with equivalent industry experience
Have a keen understanding of legal documents, indemnity agreements, statutes, bond forms, and insurance laws and regulations
Have a solid understanding of financial and accounting principles
Demonstrate sound business judgment in the evaluation of the financial condition, credit history, experience, and character of bond applicants
Develop new business through agency relationships
Possess a solid knowledge of processing methods and workflow procedures
Exhibit excellent written and verbal communication both internally and externally
Effectively interact with people in small groups and social situations
Price, quote, negotiate terms and conditions, and service accounts
Decline and/or cancel coverage
Renewal bond underwriting
Contribute to internal processing and underwriting systems for standardization and efficiencies
Available for overnight travel and the ability to attend occasional agent meetings or industry events
Mentor and provide guidance and support for team members
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
Floating holidays
Parental leave
Company
Markel
As the insurance operations within the Markel Group Inc.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Michael Keimig
President & Chief Executive Officer - Markel Surety Corporation
Richard Whitt
Retired, Co-chief Executive Officer
Recent News
2025-05-28
Company data provided by crunchbase