What we offer
Markel Service Inc. combines a values-driven culture with a global footprint. We support professional growth, flexible hybrid work arrangements in New York, and competitive benefits designed to meet diverse needs throughout every stage of life. Built on the Markel Style, our environment emphasizes collaboration, accountability, and long-term partnerships with clients and producers.
Position overview
The Senior Underwriter / Underwriting Specialist for Financial Institutions focuses on reviewing and pricing FI risks, underwriting new and renewal business, maintaining profitability, and marketing the Markel FI product to producers.
Location and compensation
Location: New York, NY (hybrid). Base salary ranges are 92,000 to 127,000 per year for the Senior Underwriter track and 104,000 to 143,000 per year for the Underwriting Specialist track, with a 25% annual bonus potential. This role requires 3 years of Financial Institutions underwriting experience.
Responsibilities
- Review, analyze, accept, and decline retail Financial Institutions risks to ensure profitability for Markel.
- Underwrite and select new business aligned with underwriting profit goals.
- Manage the renewal book and implement corrective measures as needed to meet profitability targets.
- Coordinate with regional managers and national Financial Institutions product line leaders on accounts, current and proposed producers, and operational recommendations when appropriate.
- Participate in audits and underwriting meetings as required.
- Build and maintain quality relationships with key producers while monitoring the broader appointed producer base for profitability and production.
- Review competitor forms and pricing and effectively market the Markel FI product within a competitive landscape.
- Provide training or technical assistance to underwriting support staff.
Requirements
- 3-5 years of Financial Institutions underwriting experience on the East Coast of the USA is required.
- Demonstrated technical knowledge progression with increasing responsibility.
- Proven marketing and relationship-building skills.
- Four-year college degree and/or CPCU or similar designation preferred.
- Excellent oral and written communication.
- Proficiency with Microsoft Word and Excel; strong analytical and organizational skills.
Technologies
- Microsoft Word
- Microsoft Excel
Benefits
- Competitive benefit programs designed to support a diverse and evolving workforce at all life stages.
- Full-time employees may choose from multiple health, dental, and vision plans, with optional life, disability, and AD&D coverage.
- 401(k) with employer match, Employee Stock Purchase Plan, paid time off, corporate holidays and floating holidays, and parental leave.
US work authorization
US work authorization is required. Markel does not sponsor visas for this position, now or in the future.
Pay information
The base salary offered will reflect factors such as education, experience, training, demonstrated competencies, geographic location, and other factors. The Senior Underwriter track ranges from 92,000 to 127,000 per year with a 25% bonus potential; the Underwriting Specialist track ranges from 104,000 to 143,000 per year with a 25% annual bonus potential.
Who we are
Markel Group (NYSE MKL) is a Fortune 500 company with over 60 offices in 20+ countries. It serves as a holding company for insurance, reinsurance, specialist advisory, and investment operations worldwide.
