Zurich NA Product Specialist I / AVP, Product Specialist II - Casualty in United States
Product Specialist I / AVP, Product Specialist II - Casualty
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Zurich North America is currently looking for a Product Specialists to join our Casualty Product Development Team based out of our North American Headquarters in Schaumburg, Illinois, or virtually. If this position is based out of our Schaumburg Headquarters, we are offering the flexibility to work both in the office and remotely. You will collaborate with your manager to set a schedule that supports you, your customers, and the team.
In this role you will use your expertise within commercial liability insurance to help construct policies, create coverage enhancements, write manuscript endorsements, and provide guidance to underwriters. You will also assist with competitive analyses, product updates for new regulations, and will work with and update our internal tools.
Responsibilities for this role include:
Lead the development and implementation of underwriting solutions (e.g., product development) for Commercial Liability Lines of Business
Identify market standard product opportunities based upon the latest product line, industry trends, and emerging risks
Maintain and promote existing strategic partnerships both internally and externally
Advise the Business Unit and Underwriters in responding to coverage requests and drafts language for specific transactions and portfolio coverage enhancements
Promote a consistent approach to coverage through adherence to an established coverage philosophy
Structure new endorsements consistently and maintain the endorsement library with relevant updates and modifications
Support underwriting strategy and product development by incorporating lessons learned from competitor forms and approaches to coverage in new products
Participate in compliance-related queries, including state regulatory exams and insurance department inquiries
Lead product refreshes (e.g., updating pre-existing coverages and endorsements) by managing form and endorsement drafting, leading reviews with Corporate Law and Claims Legal, and managing the filing process and Departments of Insurance review and approval process
Analyzes and develops solutions pertaining to Insurance Regulatory requirements with respect to product filings within scope of underwriting
This role will be filled at either the Product Specialist I or AVP, Product Specialist II level. 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 – Product Specialist I
- JD and 6 or more years of experience of law practice specializing in the insurance area
Basic Qualifications – AVP, Product Specialist II
- JD and 7 or more years of experience of law practice specializing in the insurance area
Commercial Liability Product experience, including product creation, drafting coverage enhancements and manuscript endorsements
Umbrella and Excess product experience
Strong organizational and analytical skills
Strong verbal and written communication skills
Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. The Compensation provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, click here. Other rewards may include short term incentive bonuses and merit increases. The salary range] for the Product Specialist I is: $99,280 - $124,100 and for the AVP, Product Specialist II is $133,920 - $167,400.
As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( https://www.zurichna.com/careers/faq ).
A future with Zurich. What can go right when you apply at Zurich?
Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please clickhere (https://www.zurichna.com/careers) to learn more.
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 expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet
Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.
Location(s): AM - Schaumburg, AM - Remote Work (US)
Remote Working: Hybrid
Schedule: Full Time
Linkedin Recruiter Tag: #LI-MF1