Zurich Insurance Group

Executive Underwriter, Large Property

Zurich Insurance Group$83K — $180K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 3-7 years of underwriting or market facing experience for Specialist level
  • 5-10 years of commercial underwriting or brokerage experience for Executive level
  • Strong knowledge of commercial property policies and insurance regulations
  • Experience managing time restraints for quotes on new and renewal business
  • Proficiency in Microsoft Office
  • Demonstrated ability to work in a team environment
  • Established relationships with brokers in the Midwestern Region preferred

Responsibilities

  • Administer and monitor underwriting rules and insurance regulations
  • Collaborate with Line of Business representatives on business needs
  • Develop and maintain relationships with agents and brokers
  • Support the sales culture by aiding agents, brokers, and customers
  • Identify new account opportunities proactively
  • Conduct detailed opportunity assessments with key distributors
  • Qualify accounts to align with the organization's business appetite
  • Plan and execute broker/customer meetings and calls

Benefits

  • Flexible hybrid working schedule
  • Comprehensive benefits for employees and their families
  • Opportunity for bonuses and merit increases
  • Collaborative work environment
  • Growth and development opportunities
Full Job Description
Zurich is seeking an Underwriting Specialist OR Executive Underwriter, Large Property for our National Accounts Large Property Underwriting team in our Chicago office. While this position will be based out of a Zurich office, you will have the flexibility to work on a hybrid basis. You will partner with your manager to set a flexible work schedule that supports you, our customers, and our brokers and agents. This role will require you to be visible in the marketplace to meet with our agents and brokers and be in the office/market three days per week.

This role will be filled at either the Property Underwriting Specialist OR Executive Underwriter 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.

As a Property Underwriting Specialist OR Executive Underwriter, Large Property you will have a chance to use your marketing and analytical skills. Specifically, you will analyze and underwrite new and renewal business, under general direction, utilizing The Zurich Way of Underwriting Framework within delegated authority levels on assignments of higher technical complexity ensuring a high level of service to customers. This is a market facing position thus we are seeking someone with a strong sales execution mindset and knowledge of commercial property policies.

Some of the key accountabilities of this role include:

  • Administer and monitor underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.
  • Develop, maintain & collaborate with Line of Business representatives and other business related needs, as appropriate.
  • Develop and maintain relationships with distributors (agents & brokers) in support of business retention and acquisition and works with customers and distributors (agents & brokers) to determine their insurance related needs and provide solutions.
  • Support the organization's sales culture by being a Help Point for agents, brokers and customers.
  • Proactively seek renewal and new account opportunities.
  • Complete detailed opportunity assessment with key distributors to identify growth opportunities.
  • Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity.
  • Make broker/customer and on-sight calls with a planned and well-prepared purpose.


Basic Qualifications - Underwriting Specialist, Large Property:

  • High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area.
    OR
  • High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support area
    OR
  • Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Underwriting or Market Facing area
    OR
  • Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or
    Underwriting Support area
    AND
  • Knowledge of line/s of business and the legal and regulatory guidelines
  • Knowledge of time restraints for quotes on new and renewal business
  • Experience with Microsoft Office


OR

Basic Qualifications - Executive Underwriter, Large Property:

  • High School Diploma or Equivalent and 5 or more years of experience in commercial underwriting or brokerage or market facing area
    OR
  • High School Diploma or equivalent and 10 or more years of experience in the claims or underwriting support area
    OR
  • Zurich approved Apprenticeship program including an Associate Degree and 3 or more years of experience in the Underwriting or Market Facing area
    OR
  • Zurich approved Apprenticeship program including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area
  • Knowledge of Microsoft Office
  • Experience working on time restraints for quotes on new and renewal business
  • Experience working in a team environment


Preferred Qualifications (Both levels):

  • Bachelors Degree
  • Technical knowledge of commercial Property Underwriting
  • Established broker relationships (Retail, select brokers) in Midwestern Region
  • Sales execution mindset
  • Creative problem solving skills
  • Strong verbal and written communication skills


Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply-your unique background matters to us. The combined salary range for this position is $83,400,00 - $180,500.00. The proposed salary range for the Underwriting Specialist is $83,400,00 - $136,500.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Executive Underwriter is $110,200,00 - $180,500.00, with short-term incentive bonus eligibility set at 15%.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]

Location(s): AM - Chicago
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-BN1 #LI-ASSOCIATE #LI-HYBRID

About Zurich Insurance Group

Zurich Insurance Group is a Swiss insurance company founded in 1872. It is one of the world's largest insurance companies, operating in over 215 countries and territories. Zurich provides a wide range of insurance products and services, including property and casualty insurance, life insurance, and pensions. The company is committed to sustainability and has set ambitious targets to reduce its carbon footprint and promote renewable energy. Zurich is also actively involved in supporting local communities through various charitable initiatives.
Learn more about Zurich Insurance Group
Size
52,930 employees
Industry
NASDAQ

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