Senior Underwriter / Underwriting Specialist, Energy

About the role

The primary purpose of this position is to underwrite energy-specific new business and renewals in a profitable manner and according to authority level and established guidelines. The role focuses on the Energy industry and involves using underwriting tools to determine accurate classifications, rates, and premium charges. Responsibilities include reviewing, analyzing, accepting, and declining Energy Casualty risks to ensure profitability for Markel, managing the existing renewal book, and communicating with senior management.

Responsibilities

• Review, analyze, accept, and decline Energy Casualty risks to ensure profitability for Markel.
• Underwrite and select new business that will produce an underwriting profit.
• Manage the existing renewal book and implement corrective measures, as needed, to meet profitability expectations.
• Communicate with UW Manager and National Energy Casualty product line leaders on individual accounts, current and proposed producers, and make recommendations concerning operations, systems and procedures when appropriate.
• Participate in audits and/or underwriting meetings as required.
• Build and maintain quality relationships with key producers while simultaneously monitoring the entire appointed producer base for profitability and production.
• Review forms and pricing of competitors and be able to effectively market the Markel product within the competitive landscape.
• Provide training or technical assistance to department underwriting staff.

Requirements

• 3+ years of Energy Casualty underwriting experience.
• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
• Demonstrated marketing and relationship building skills.
• A four-year college degree and/or CPCU or similar designation preferred.
• Excellent oral and written communication skills.
• Microsoft Office skills to include MS Word and MS Excel.
• Strong analytical and organizational skills.
• Must be a team player that enjoys a flexible and spontaneous business environment with a desire to succeed.
• Up to 25% travel (when appropriate).

Qualifications

• US Work Authorization required.

Skills

• Knowledgeable in coverage forms and policy language; appropriate utilization of forms and exclusions.
• Assist with resolving premium audit disputes within assigned agents/brokers.
• Viewed as an expert within a product area and able to mentor less experienced underwriters.

Benefits

• Competitive benefit programs that support employees' needs at all stages of life.
• Health, dental, and vision insurance plans.
• Employee Stock Purchase Plan.
• PTO, corporate holidays, and floating holidays.
• Parenthood leave.

Pay

• 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.
• The national average salary range for the Sr. Underwriter position is $92k - $127k/year with a 25% bonus potential.
• The national average salary range for the Underwriting Specialist position is $104,480k - $143,660k with a 25% bonus potential.