Underwriting Manager, Inland Marine

Posted 17 Days Ago
Be an Early Applicant
Red Bank, NJ
170K Annually
Senior level
Insurance
The Role
The Underwriting Manager will oversee the daily activities of underwriters, focusing on risk selection, pricing, and management of the underwriting process to ensure profitability. Responsibilities include evaluating new and renewal business, guiding team training, and participating in audits. Effective communication with management and producers is key, along with maintaining production goals and strategizing underwriting policies.
Summary Generated by Built In

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!

What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. Because, at Markel, the work you do gives people the confidence to move forward and seize opportunities. Whether you’re wild about horses, bananas for boats or driven by data, 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 manage the day-to-day work activities of a group of underwriters by providing guidance in risk selection and pricing. Underwrite new and renewal business in a profitable manner, according to authority level, and established guidelines which are in compliance with the company’s underwriting philosophy. Responsible for addressing career and training needs on an individual basis. Communicate effectively and ensure team has been adequately updated on matters relating to workflow or procedural changes. Oversee the overall quality of the unit’s performance and measures the underwriting team expertise through periodic audits. Reviews unusual risks. Based on complexity, determines what additional research is required. Prepares preliminary appraisal of risk in excess of delegated authority. Consults with Sr. Director or PLL on course of action. Performs renewal underwriting functions on accounts in excess of the assigned underwriter.

The position spans the Wholesale Commercial Inland Marine insurance segment underwriting for Markel Specialty Northeast Region headquartered in Red Bank, NJ. The focus of the position includes reviewing, analyzing, pricing, accepting, and declining risks in accordance with underwriting strategy to ensure profitability for Markel.

What you'll be doing:

  • Communicate effectively and timely with underwriting management and national product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems, procedures, opportunities, and strategy when appropriate;
  • Underwrite new and renewal business that will produce an underwriting profit;
  • Monitor producers for profitability and production;
  • Market products to producers by coordinating marketing plan with regional and national marketing associates;
  • Participate in audits and/or underwriting meetings as required.
  • Ensures team meets or exceeds set production/premium goals and departmental guidelines;
  • Identifies strength and weaknesses in current procedures and recommend change in procedure, as needed;
  • Makes recommendations on underwriting policy and pricing strategy to management;
  • Provides training and coaching on marketing skills and broker management;
  • Provides career planning and performance feedback to ensure proper staff development by coaching, motivating and building bench strength and reviews and evaluates personnel performance.

What we're looking for:

  • 10+ years of experience in profitable Inland Marine underwriting required;
  • Demonstrated technical knowledge and skills reflective of advanced professional liability understanding;
  • Demonstrated aptitude to manage people and projects;
  • Proven ability to make sound underwriting decisions;
  • Strong organizational skills with the ability to handle multiple tasks simultaneously;
  • Ability to achieve business goals and objectives;
  • Demonstrated sales, marketing and relationship management skill
  • Must have excellent oral and written communication skills
  • Proven exceptional customer service skills;
  • Technologically savvy; proficient in Excel, Word, Powerpoint, and Outlook as well as a comfort utilizing new tools and web applications;
  • Strong analytical, organizational, risk assessment and time management skills;
  • Four year college degree and/or RPLU designation preferred;
  • Must be a team player with a positive attitude that enjoys a flexible and spontaneous business environment;
  • Flexible to travel, approximately 25% when appropriate.

Who we are:

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

What’s in it for you:

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.  

Markel offers hybrid working schedules of 3 days in the office and 2 days remote.  

Are you ready to play your part?

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. 

Caution: Employment scams

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:

All legitimate job postings with Markel will be posted on No other URL should be trusted for job Markel Group Careers.

All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to [email protected].

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law. 

Should you require any accommodation through the application process, please send an e-mail to the [email protected].

US Work Authorization

  • US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay information:

The Underwriting Manager national pay range is $130-$170k with a 45% bonus potential.

Who we are: 

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 

 

What’s in it for you: 

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.   

  • Markel offers hybrid working schedules of 3 days in the office and 2 days remote.    

 

Are you ready to play your part? 

Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you. 

 

Caution: Employment scams 

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that: 

  • All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.

  • All legitimate communications with Markel recruiters will come from Markel.com email addresses. 

 

We would also ask that you please report any job employment scams related to Markel to [email protected]. 

 

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.  

 

Should you require any accommodation through the application process, please send an e-mail to the [email protected].    

No agencies please.

The Company
HQ: Glen Allen, VA
3,519 Employees
On-site Workplace
Year Founded: 1930

What We Do

At Markel, we believe in hard work, a zealous pursuit of excellence, and fairness in all our dealings.

Markel Corporation (NYSE: MKL) is a global Fortune 500 company headquartered in Richmond, Virginia. We seek to be a leader in each of our pursuits, with insurance being our primary business. As a market leader for specialty insurance, reinsurance, and investment operations around the world, Markel embodies integrity, commitment, teamwork, and innovation in every day operations. We are encouraged to look for a better way to do things. Since our founding in 1930, we have sought to know our customers’ needs and to provide quality products and service.

Markel specializes in providing coverage for hard-to-place risks for a variety of niche markets including:
• Agricultural and equine risks
• Reinsurance for large risk enterprises such as oil rigs
• Event cancellation insurance for weddings, concerts, and sporting events
• Inland marine coverage for fine art collections
• Environmental pollution
• Yachts, ATVs, and motorcycles

At Markel we provide an atmosphere in which people can reach their personal potential. We are results-oriented, and we continually strive for a better way to do things. The Markel approach is one of spontaneity and flexibility.

Markel helps employees balance work and social activities. Markel gives you the keys to success! Keeping an open mind and learning new skills allows our associates to stay ahead of the marketplace. Above all, we enjoy what we are doing. There is excitement here that comes from innovating, creating, striving for a better way, sharing success with others…winning.

That is the Markel Style.

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