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Executive Underwriter OR AVP, Underwriting Director - Commercial Surety
Executive Underwriter OR AVP, Underwriting Director - Commercial SuretyZurich 56 Company Ltd • Chicago, IL, United States
Executive Underwriter OR AVP, Underwriting Director - Commercial Surety

Executive Underwriter OR AVP, Underwriting Director - Commercial Surety

Zurich 56 Company Ltd • Chicago, IL, United States
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Overview

Zurich North America is looking for an Executive Underwriter OR AVP, Underwriting Director to join our Commercial Surety team within one of the following locations : Chicago, Schaumburg, Illinois, Michigan, Wisconsin, Ohio, or Indiana.

Responsibilities

  • Proactively seek renewal and new account opportunities.
  • Qualify accounts to meet 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 the 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.

Qualifications

Executive Underwriter – Basic Qualifications :

  • High School Diploma or Equivalent and 5 or more years of experience in the Underwriting, Market Facing, Finance, Accounting, or Banking area OR
  • High School Diploma or Equivalent and 10 or more years of experience in the Claims or Underwriting Support area OR
  • Zurich Certified Insurance Apprentice including an Associate Degree and 3 or more years in the Underwriting, Market Facing, Finance, Accounting, or Banking area OR
  • Zurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area AND
  • Knowledge of Microsoft Office
  • Knowledge of time restraints for quotes on new and renewal business
  • Experience working in a team environment
  • AVP, Underwriting Director – Basic Qualifications :

  • High School Diploma or Equivalent and 7 or more years of experience in the Underwriting, Market Facing, Finance, Accounting, or Banking area OR
  • High School Diploma or Equivalent and 14 or more years of experience in the Claims or Underwriting Support area OR
  • Zurich Certified Insurance Apprentice including an Associate Degree and 5 or more years of experience in the Underwriting, Market Facing, Finance, Accounting, or Banking area
  • OR
  • Zurich Certified Insurance Apprentice including an Associate Degree and 12 or more years of experience in the Claims or Underwriting Support area AND
  • Experience with Microsoft Office
  • Preferred Qualifications

  • Bachelor’s Degree
  • Surety knowledge / experience and knowledge of the legal and regulatory guidelines
  • Understanding of structure of broker relationships
  • Ability to analyze and understand complicated credit assessments, trends, and strategies
  • Investigative skills (curiosity) to develop an understanding of business strategies, trends, complex contracts, assessment of long-term obligations and organizational character among other aspects of our customers
  • Ability to coherently articulate these strategies and financial concepts formulating fact-based conclusions and recommendations
  • Prior experience managing / growing profitable portfolio of customers
  • Negotiation experience with brokers and large, international, and national organizations
  • Strong verbal and written communication skills
  • Compensation and Benefits

    At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The compensation indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The combined salary range for this position is $98,500.00- $215,000.00. The proposed salary range for the AVP level is $98,500.00 - $165,000.00, with short-term incentive bonus eligibility set at 15%. For the VP level is $130,000.00- $215,000.00, with short-term incentive bonus eligibility set at 20%.

    Legal and Equal Opportunity

    Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race / ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. Zurich is subject to 18 U.S. Code § 1033.

    Location and Schedule

    Location(s) : AM - Chicago, AM - Schaumburg, AM - Ohio Virtual Office, AM - Wisconsin Virtual Office, AM - Indiana Virtual Office, AM - Michigan Virtual Office

    Remote Working : Yes

    Schedule : Full Time

    Employment Sponsorship Offered : No

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