Zurich NA Surety Underwriter-Senior/AVP in Schaumburg, Illinois
Zurich is currently looking for a Senior or AVP Surety Market Facing Underwriter to work out of our Central Region, which includes Illinois, Minnesota, Ohio, Missouri and Wisconsin.
As the Surety Underwriter will work to analyze and underwrite a book of new and renewal business. Underwriters will use the Zurich Way of Underwriting Framework within delegated authority levels on highly complex assignments ensuring a high-level service to customers. In this role, you will partner with the Central Region brokers and will utilize strong sales execution mindset to write profitable business.
Additional responsibilities will include:
Proactively seek renewal and new account opportunities.
Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity. Negotiate Terms & Conditions and close deals.
Cross-Sell other lines of business to increase product density with the account.
Update required systems with details of broker / client visits and account status within specified time frame.
Calculate Target Price accurately by utilizing underwriting tools appropriately.
Diagnose and develop recommendations to solve unique business unit and customer problems
Demonstrate specialized knowledge and expertise in products and industry.
Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating manuals.
Work at the highest authority limits on assignments utilizing the highest degree of technical complexity and coordination.
This role will be filled at either the Senior Underwriter III or AVP, Underwriter IV. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.
Basic Qualifications Senior Underwriter:
High School Diploma or Equivalent and 5 or more years of experience in the Underwriting or Market Facing areaOR
High School Diploma or Equivalent and 10 or more years of experience in the Claims or Underwriting Support area
Zurich Certified Insurance Apprentice including an Associate Degree and 3 or more years of experience in the Underwriting or Market Facing areaOR
Zurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area
Basic Qualifications AVP, Underwriter:
High School Diploma or Equivalent and 7 or more years of experience in the Underwriting or Market Facing areaOR
High School Diploma or Equivalent and 14 or more years of experience in the Claims or Underwriting Support area
Zurich Certified Insurance Apprentice including an Associate Degree and 5 or more years of experience in the Underwriting or Market Facing areaOR
Zurich Certified Insurance Apprentice including an Associate Degree and 12 or more years of experience in the Claims or Underwriting Support areaAND
Experience with Microsoft Office
Preferred Qualifications for both levels:
Advanced knowledge and practice of line/s of business
Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines
Ability to effectively assess risk
Ability to work in a team-based environment
Knowledge of time restraints for quotes on new and renewal business
Strong presentation skills
As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet
Location(s): AM - Chicago, AM - Anoka, AM - Brookfield, AM - Cincinnati, AM - Columbus, AM - Edina, AM - Illinois Virtual Office, AM - Independence, AM - Madison, AM - Milwaukee, AM - Minneapolis, AM - Minnesota Virtual Office, AM - Missouri Virtual Office, AM - Ohio Virtual Office, AM - Overland Park, AM - Schaumburg, AM - St. Louis, AM - St. Paul, AM - Wisconsin Virtual Office
Remote Working: No
Schedule: Full Time
Hiring Manager name: Apostolos Drakontaidis
Recruiter name: Jason Johnson
Reward Level: 6T