Looking for a role that will have a meaningful impact in Operations?
We are looking for an individual to work within the Governance & Delegated team with responsibility for handling and administering the entire delegated underwriting process.
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!
The opportunity:
The Wholesale division is comprised of six underwriting teams (Cyber, Energy, Equine & Livestock, Marine, Professional & Financial Risks, and Trade Credit, Political Risk & Surety), as well as an award-winning claims team, underwriting support, delegated underwriting, and strategic business development. We have staff around the world with a significant presence in Asia and the US, in addition to the London market.
Our teams operate as ‘One Wholesale’, working together towards our goal to be one of the world’s great speciality insurers. We work collaboratively both within Wholesale and across the wider Markel organisation, and because we work as one, we are able to build the best solutions possible for our clients, and provide outstanding development opportunities for our staff.
The team offers oversight during underwriting, bordereaux administration, and technical processing, as well as credit control. In addition the team work with external contacts including brokers, coverholders and regulators.
The successful candidate would be encouraged to achieve individual and team targets, and fully contribute to the overall success of the department.
What you’ll be doing:
- Responsible for day to day management of delegated underwriting and claims authorities in accordance with Markel’s Delegated Underwriting Standards, Markel’s Delegated Claims Standards, Lloyd’s and regulatory standards.
- Process both new and renewal delegated underwriting and claims authorities through our internal delegated workflow system, which includes full due diligence on Lead coverholders and DCA’s ensuring all checks are appropriately handled and signed off where required.
- Liaise with underwriters, brokers and coverholders around our on-boarding and renewal requirements ensuring administration of the portfolio is in line with regulatory defined conduct requirements and agreed minimum standards for all territories.
- Work collaboratively with other internal partners as required for each facility. Compliance/Legal and Reg, Claims, Wordings, Governance, Global Security Services, Actuarial, Office of the Chief Underwriting Officer, Finance and Corporate Management.
- Work closely with the audit team, compliance and underwriter to ensure any unresolved issues or matters of concern are raised in the audit.
- Grow and maintain underwriter/broker/coverholder relationships in support of the business through the life of the portfolio.
- Work closely the delegated data team and credit control team to ensure the contract and terms of trade are being adhered to.
Our must-haves:
- Will have experience of delegated operational performance within an underwriting environment
- Will be a proficient user of MS Office suite and the ability to learn in-house software
- Possess an understanding of compliance issues including Conduct, Consumer Duty, GDPR, Licencing, Product Governance, Operational Resilience and other regulatory matters.
- Demonstrate a grasp of the relevant Lloyd’s minimum standards and ensure that we meet those criteria.
- Possess a good level of expertise and understanding of market practices and processes for delegated business.
- Able to interpret and understand slip definitions and wordings, ensuring all required clauses are included and up to date.
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?
- 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!
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.
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.
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