Assistant Underwriter
Assistant Underwriter

Assistant Underwriter

Full-Time 30000 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support Underwriters by processing submissions and producing reports in a dynamic team environment.
  • Company: Join Markel, a Fortune 500 company with a diverse global presence.
  • Benefits: Enjoy a competitive salary, annual bonus, and extensive benefits package.
  • Why this job: Gain valuable experience in underwriting while developing your skills in a supportive team.
  • Qualifications: Strong analytical skills and a customer-focused mindset are essential.
  • Other info: Flexible working options and opportunities for continuous professional development.

The predicted salary is between 30000 - 42000 £ per year.

We have an exciting opportunity for an Assistant Underwriter to join the Markel Transport and Logistics team. This role is based within the T&L team, which consists of five dedicated members. This expert team is committed to providing best-in-breed service and is empowered to offer flexible and innovative solutions to our brokers and clients. We give our Underwriters commercial freedom and ever-improving tools, training, and intelligence to help them operate effectively and take smart, calculated risks.

Who we are: We have been writing T&L business for over 10 years on globally licensed company and syndicate paper. Our portfolio is large and diverse, consisting of primary and excess of loss business, for SME and large corporate, across 50 countries, including the US and UK. We pride ourselves on our leading Open Market offering, supplemented by delegated business via Coverholders and market facilities. Part of 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.

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 renewing policies, which may include claims analysis, as well as producing T&L reports via IT platforms used within the Markel T&L team.
  • Develop an understanding of the T&L product and its coverage across competitor wordings.
  • Occasionally produce specific reports or management information as required by Underwriters or Managers.
  • Develop positive relationships across various Markel teams that the T&L Underwriting team works with, such as the premium processing team, sanctions team, compliance team, and Underwriting Oversight team.
  • Handle and maintain central documents and spreadsheets relied upon for the day-to-day operation of the team.
  • Keep abreast of T&L product development and knowledge.
  • Ensure continuous professional development is undertaken.
  • With Underwriter guidance & instruction, produce Markel T&L policy documentation, including endorsements.

Key Skills:

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

What’s in it for you:

  • A great starting salary plus annual bonus & strong benefits package.
  • Up to 16% company pension scheme, Private medical and dental cover, Menopause plan, emergency care benefit (children/Pets/dependants).
  • Income protection, Life assurance, electric car scheme, travel insurance.
  • 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
  • Countless opportunities to learn new skills and develop in your career!

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. At Markel, we celebrate 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 will ensure that individuals are provided with any reasonable accommodations 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 or adjustments that may be needed, including alternative formats of documents or information on how to apply offline.

Assistant Underwriter employer: Markel

Markel is an exceptional employer that prioritises the growth and development of its employees, offering a supportive work culture within the Transport and Logistics team. With a strong benefits package, including a generous pension scheme and private medical cover, employees are empowered to thrive in their roles while enjoying a healthy work-life balance. The company fosters a diverse and inclusive environment, encouraging innovative thinking and collaboration across teams, making it an ideal place for those seeking meaningful and rewarding careers.
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Contact Detail:

Markel Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Assistant Underwriter

✨Tip Number 1

Network like a pro! Reach out to current or former employees at Markel, especially in the T&L team. A friendly chat can give us insider info and maybe even a referral!

✨Tip Number 2

Prepare for the interview by brushing up on your underwriting knowledge. Familiarise yourself with T&L products and competitor wordings. We want to see that you’re genuinely interested and ready to dive in!

✨Tip Number 3

Show off your data analysis skills! Be ready to discuss how you’ve used data in past roles to make decisions or improve processes. This is key for the Assistant Underwriter role, so let’s make it shine!

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take that extra step to connect with us directly.

We think you need these skills to ace Assistant Underwriter

Underwriting
Data Analysis
Claims Analysis
Wording Comprehension
Customer Mind-Set
Relationship Management
Technology Proficiency
Workflow Tool Proficiency
Financial Data Comprehension
Report Production
Document Management
Professional Development
Team Collaboration
Attention to Detail

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Assistant Underwriter role. Highlight your relevant skills, especially in underwriting data analysis and relationship management, to show us you’re a perfect fit for our T&L team.

Showcase Your Skills: Don’t just list your skills; give us examples of how you've used them in past roles. Whether it’s handling claims or producing reports, we want to see how you’ve made an impact in your previous positions.

Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so make sure your writing is easy to read and free from jargon. This will help us understand your experience and qualifications quickly.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you don’t miss out on any important updates about the process!

How to prepare for a job interview at Markel

✨Know Your Underwriting Basics

Before the interview, brush up on your understanding of underwriting principles, especially in the Transport and Logistics sector. Familiarise yourself with key terms and concepts that are relevant to the role, as this will show your enthusiasm and readiness to contribute.

✨Showcase Your Analytical Skills

Be prepared to discuss your experience with data analysis and how it applies to underwriting. Think of specific examples where you've used data to make informed decisions or improve processes, as this is crucial for supporting Underwriters effectively.

✨Build Rapport with the Team

During the interview, demonstrate your ability to develop positive relationships. Mention any past experiences where you collaborated with different teams or departments, as this role requires working closely with various Markel teams like premium processing and compliance.

✨Ask Insightful Questions

Prepare thoughtful questions about the T&L products and the team dynamics at Markel. This not only shows your interest in the role but also gives you a chance to assess if the company culture aligns with your values and career goals.

Assistant Underwriter
Markel
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  • Assistant Underwriter

    Full-Time
    30000 - 42000 £ / year (est.)
  • M

    Markel

    1000+
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