Zurich is seeking a Middle Markets Underwriter in Parsippany.
Middle Markets is a key business segment within Zurich and we are focused on attracting top customer advocates who possess a sales mindset, strong technical underwriting skills, and solution-focused problem-solving abilities. Our industry focus includes (not limited to) General Industries, Manufacturing, and Real Estate. Zurich Middle Markets offers end-to-end solutions for our customers inclusive of international programs.
As a Middle Markets Underwriter, you will handle complex new and renewal Middle Markets business. 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 in the Parsippany region. This is an exciting time to join Middle Markets at Zurich!
The Middle Markets 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.
- Using a disciplined approach to exposure evaluation, risk assessment, and pricing.
- Using risk insights, data, and models to drive informed decisions at the 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 presence and production within the growing Middle Markets 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:
Middle Markets Underwriter (Mid-Senior):
- 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.
- 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
Middle Markets Underwriter (Senior):
- 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.
- Knowledge of Microsoft Office.
- Experience working on time restraints for quotes on new and renewal business.
- Experience working in a team environment.
Preferred Qualifications:
- Bachelor’s Degree.
- Market-facing, Property & Casualty underwriting experience.
- 3 or more years of Underwriting experience in Middle Market or larger.
- Ability to effectively assess risk.
- Strong retail broker relationships.
- 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.
- Strong knowledge of underwriting philosophy, techniques, national/local filing regulations, and guidelines.
- Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
- CPCU and ARM a plus.
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 combined salary range for this position is $90,000.00 – $165,000.00. The starting salary range for the Mid-Senior Level is $90,000.00 - $135,000.00 and for the Senior level is $115,000.00 - $165,000.00.
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. 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.
Location(s): AM - Parsippany
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No
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