Assistant Underwriter - Marine & Energy Liability

Assistant Underwriter - Marine & Energy Liability

Full-Time 60750 - 74250 £ / year (est.) Hybrid
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At a Glance

  • Tasks: Support Underwriters in processing submissions and developing M&E Liabs product knowledge.
  • Company: Join Markel, a Fortune 500 company with a global presence and a collaborative culture.
  • Benefits: Enjoy a competitive salary, annual bonus, and a strong benefits package including private medical cover.
  • Other info: Flexible working patterns available; we celebrate diversity and inclusivity.
  • Why this job: Make a meaningful difference while developing your career in a supportive environment.
  • Qualifications: Strong relationship management skills and a customer-focused mindset are essential.

The predicted salary is between 60750 - 74250 £ per year.

Come and work in our Marine & Energy Liability team in the London office here at Markel as an Assistant Underwriter! 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!

Who we are:

The Marine, Energy and Construction division underwrite a diverse portfolio of business in the areas of Energy PD, Marine Hull and War, Cargo, Specie, CAR, Marine and Energy Liability and Transport & Logistics on a world-wide basis. We are leaders across our chosen areas and require a commitment to technical expertise and accuracy to maintain this leadership role. A great emphasis is placed on the relationship between the insured and insurer with a focus on meeting clients and producers in their home territories. Business is written through both Markel Syndicate 3000 and Markel International Insurance Company Limited.

What you’ll be doing:

  • Receive new business & renewal submissions from Underwriters, and log, process, sanction screen and enter them into the rater.
  • Support Underwriters in the renewing of policies, this may include claims analysis, as well as producing M&E Liabs reports via IT platforms that we use within the Markel M&E Liabs team.
  • Develop an understanding of the M&E Liabs product and its product coverage across competitor wordings.
  • On occasion, specific reports or management information may be required by Underwriters or Managers, be prepared to produce such information upon request.
  • Develop positive relationships across the various Markel teams that the M&E Liabs Underwriting team works with, for example, the premium processing team, the sanctions team, compliance team and Underwriting Oversight team.
  • Handle and maintain central documents and spreadsheets that the Underwriting team rely upon for the day-to-day operation of the team, such as the Outstanding Slips spreadsheet and Renewal sheet.
  • Keep abreast of M&E Liabs product development and knowledge.
  • Ensure continuous professional development is undertaken.
  • With Underwriter guidance & instruction, produce Markel M&E Liabs policy documentation, including endorsements.

Key Skills:

  • Claims Service and Data Analysis
  • Wording Comprehension and Improvement
  • Customer Mind-Set
  • Relationship Management
  • Technology and Workflow Tool Proficiency
  • Financial Data Comprehension
  • Excellent relationship management skills

What’s in it for you?

  • A great starting salary plus annual bonus & strong benefits package…
  • 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
  • Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer.
  • There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!

Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations that may be needed. This includes any alternative formats of any documents or information on how to apply offline.

Assistant Underwriter - Marine & Energy Liability employer: Markel International

Markel International is an excellent employer, offering a dynamic work environment that fosters innovation and collaboration in the Tech & Cyber Underwriting space. With a strong focus on employee growth, you will have access to ongoing professional development opportunities while working alongside industry experts in a supportive culture that values diversity and creativity. Located in a vibrant area, Markel provides unique advantages such as flexible working arrangements and a commitment to maintaining a healthy work-life balance.

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Contact Details:

Markel International Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Assistant Underwriter - Marine & Energy Liability

✨Dive Into Industry Networking Events

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We think you need these skills to ace Assistant Underwriter - Marine & Energy Liability

Claims Analysis
Data Analysis
Wording Comprehension
Customer Mind-Set
Relationship Management
Technology Proficiency
Workflow Tool Proficiency

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Markel International.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel International. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Markel International

✨Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Markel International to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

✨Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

✨Prepare for Behavioural Questions

As a full-timer at Markel International, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

✨Know the Company Culture Inside Out

Understanding Markel International's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.