Financial Lines Underwriter (Mid-Senior or Senior Level)
Zurich North America is hiring an experienced Financial Institutions Underwriter in Chicago!
As a Financial Institutions Underwriter, you will handle complex new and renewal domestic Middle Market and National accounts for all Financial Institutions industry verticals and lines of coverage offered. As a member of Zurich's underwriting team, you will enjoy the opportunity to fully apply and hone your underwriting and marketing skills while building relationships with select brokers focused in the region. With more than 125 years of experience, Zurich has a broad and varied appetite for Financial Institutions business; this role is an exciting expansion opportunity allowing for high growth potential and visibility & support.
This role will be filled at the Mid or Senior 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.
The Financial Institutions Underwriter is responsible for:
- Serving as a customer industry advocate with a focus on improving the customer experience by understanding their risk and offering the best end to end solution for their insurance needs, specifically within Financial Lines for Financial Institutions, including D&O, E&O, EPL, Fiduciary, and Fidelity lines of coverage.
- Using a disciplined approach to exposure evaluation, risk assessment and pricing.
- Using risk insights, data and models to drive informed decisions at point of sale.
- Identifying gaps and aligning Zurich’s products and value proposition to offer a solution that provides the contract certainty the customer needs.
- Demonstrating strong analytical skills and executing as an innovative advisor.
- Underwriting, analyzing and generating new and renewal business.
- Market facing and production within the growing International division.
- Administering and monitoring underwriting rules and guidelines, insurance laws and regulations and rating manual rules.
- Developing and maintaining agency and broker relationships.
- Working within broad limits and authorities on highly complex assignments.
Basic Qualifications:
Mid-Senior Underwriter Basic Qualifications:
- High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area.
- High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support area.
- Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Underwriting or Market Facing area.
- Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or Underwriting Support area.
Senior Underwriter Basic Qualifications:
- High School Diploma or Equivalent and 5 or more years of experience in the Underwriting or Market Facing area.
- 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 area.
- Zurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area.
Preferred Qualifications:
- Bachelor’s Degree.
- Financial Institutions Financial Lines underwriting experience.
- Ability to effectively assess risk.
- Strong retail broker relationships within the region.
- Superior skills in relationship building, active listening, needs analysis, and win-win negotiating.
- Possess knowledge of time restraints for quotes on new and renewal business.
- Excellent oral and written communication skills.
- Possess a high level of customer service by meeting or exceeding broker and or customer expectations with respect to required deadlines.
- Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines.
Location(s): AM - Chicago
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No
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