Talent.com
Underwriting Specialist OR Executive Underwriter- Commercial Surety
Underwriting Specialist OR Executive Underwriter- Commercial SuretyZurich Insurance Company Ltd • Chicago, IL, United States
Underwriting Specialist OR Executive Underwriter- Commercial Surety

Underwriting Specialist OR Executive Underwriter- Commercial Surety

Zurich Insurance Company Ltd • Chicago, IL, United States
30+ days ago
Job type
  • Full-time
Job description

Zurich North America is looking for an Underwriting Specialist OR Executive Underwriter- Commercial Surety to join our Commercial Surety team within on of the following locations : Virtual IL, Chicago, Cincinnati, or Kansas City.

The Commercial Surety Underwriter is a uniquely technical role in the underwriting world. In this position you will be responsible for the overall account management, business development and analysis of a highly complex book of Commercial Surety Accounts. Our ideal candidate will have a can-do positive attitude, strong financial background including credit analysis, excellent communication and presentation skills, time management skills, and the ability to further develop and sharpen established negotiation skills. Underwriters will use the Zurich Way of Underwriting Framework within delegated authority levels on highly complex assignments ensuring a high-level service to customers.

This is a great opportunity for an experienced Commercial Surety Underwriter to use their analytical skills, their entrepreneurial spirit, along with their ability to develop and maintain relationships with our North Central region Brokers and Customers to write profitable business.

This role will be filled at either the Underwriting Specialist OR Executive Underwriter level . The hiring manager will determine the appropriate level based upon the selected applicant's experience and skillset relative to the qualifications listed for this position.

Additional responsibilities will include :

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

Underwriting Specialist B asic Qualifications :

  • High School Diploma or Equivalent and 3 or more years of experience the Underwriting, Market Facing, Finance, Accounting, or Banking 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, Market Facing, Finance, Accounting, or Banking 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

    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
  • 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
  • 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 combined salary range for this position is $75,000.00 - $165,000.00. The proposed salary range for the Underwriting Specialist is $75,000.00 - $125,000.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Executive Underwriter is $98,500.00 - $165,000.00, with short-term incentive bonus eligibility set at 15%.

    As an insurance company, Zurich is subject to 18 U.S. Code 1033.

    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 click here to learn more.

    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 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 - Chicago, AM - Illinois Virtual Office, AM - Kansas Virtual Office, AM - Cincinnati

    Remote Working : Hybrid

    Schedule : Full Time

    Employment Sponsorship Offered : No

    Linkedin Recruiter Tag :

    Create a job alert for this search

    Commercial Underwriter • Chicago, IL, United States

    Related jobs
    Executive Underwriter, Risk Management

    Executive Underwriter, Risk Management

    The Liberty Mutual Foundation • Chicago, IL, United States
    Full-time
    Great underwriters know how to balance data analytics with human intuition.If you like both quantitative and qualitative reasoning, enjoy the challenge and autonomy of managing your own accounts at...Show more
    Last updated: 3 days ago • Promoted
    Public Entity Underwriter

    Public Entity Underwriter

    Munich RE • Chicago, IL, United States
    Full-time
    Atlanta, United States; Chicago, United States; Philadelphia, United States; Princeton, United States;.We are adding to our diverse team of experts and are looking to hire those who are committed t...Show more
    Last updated: 10 days ago • Promoted
    Sr. Contract Underwriter

    Sr. Contract Underwriter

    Merchants Bonding Company • Chicago, Illinois, USA
    Full-time
    Underwriting Analysis & Documentation.Determines the acceptability of surety risks based on the Merchants guidelines and marketing strategy. Operates within the authority established by the Seni...Show more
    Last updated: 17 days ago • Promoted
    Underwriter - Crime and Fidelity

    Underwriter - Crime and Fidelity

    Beazley Group • Chicago, IL, United States
    Full-time
    Underwriter - US Executive Risk.Brokers, underwriters, claims, wordings, insureds, external clients and suppliers.To underwrite a US Executive Risk account within Specialty Risks and provide counse...Show more
    Last updated: 30+ days ago • Promoted
    Sr. Underwriter - Executive Products

    Sr. Underwriter - Executive Products

    RLI Corp • Chicago, IL, United States
    Full-time
    RLI is a company with a strong, successful background.For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwri...Show more
    Last updated: 30+ days ago • Promoted
    Commercial Underwriter III

    Commercial Underwriter III

    Old National Bank • Chicago, IL, United States
    Full-time
    Old National Bank has been serving clients and communities since 1834.With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve.As a trusted part...Show more
    Last updated: 22 hours ago • Promoted • New!
    Senior Underwriting Specialist - Chicago, IL

    Senior Underwriting Specialist - Chicago, IL

    PMA Companies • Chicago, IL, United States
    Full-time
    Back Senior Underwriting Specialist #4571 Multiple Locations Apply X Facebook LinkedIn Email Copy Job Description : .In this position, you will underwrite new and renewal business which includes soli...Show more
    Last updated: 20 days ago • Promoted
    Underwriting Professional I

    Underwriting Professional I

    Aon • Chicago, IL, United States
    Full-time +1
    Bankers Insurance Service (BIS) business group within Aon Affinity is a leading general underwriter that provides insurance coverage for residential and commercial mortgage lenders.Our products inc...Show more
    Last updated: 10 days ago • Promoted
    Insurance Underwriter

    Insurance Underwriter

    Diedre Moire Corp. • Glenview, IL, US
    Full-time
    Corporate Attorney Public Fin Svc Co - Glenview, IL Seeking in-house counsel to be responsible for securities and corporate governance compliance, advising the General Counsel and other leaders on ...Show more
    Last updated: 18 days ago • Promoted
    Senior Wholesale Property Underwriter / Underwriting Specialist

    Senior Wholesale Property Underwriter / Underwriting Specialist

    Kalepa Insurance Services, LLC • Chicago, IL, United States
    Full-time +1
    Senior Wholesale Property Underwriter / Underwriting Specialist page is loaded## Senior Wholesale Property Underwriter / Underwriting Specialistremote type : Hybridlocations : IL-Chicagotime type : ...Show more
    Last updated: 2 days ago • Promoted
    Underwriting Consultant PrivateNon-Profit Underwriting Center

    Underwriting Consultant PrivateNon-Profit Underwriting Center

    CNA • Chicago, Illinois, USA
    Full-time
    You have a clear vision of where your career can go.And we have the leadership to help you get there.At CNA we strive to create a culture in which people know they matter and are part of something ...Show more
    Last updated: 26 days ago • Promoted
    Senior New Business Underwriter

    Senior New Business Underwriter

    AmTrust Financial Services • Chicago, IL, United States
    Full-time
    The Senior Underwriter will be responsible for the underwriting and servicing of new business for an assigned group of agencies in the Midwest. Maintains effective relationships with agency contacts...Show more
    Last updated: 14 days ago • Promoted
    Executive Underwriter, Commercial Risk Solutions

    Executive Underwriter, Commercial Risk Solutions

    AIG • Chicago, IL, United States
    Full-time
    A leading insurance firm in Chicago seeks an Executive Underwriter to manage complex accounts in Workers' Compensation and Liability insurance. The ideal candidate has over 5 years of relevant exper...Show more
    Last updated: 5 days ago • Promoted
    Senior Wholesale Property Underwriter / Underwriting Specialist

    Senior Wholesale Property Underwriter / Underwriting Specialist

    MSIG USA • Chicago, IL, United States
    Temporary
    MS&AD Insurance Group Holdings, Inc.P&C carriers and a global Class‑15 insurer, with A+ ratings and a reach spanning 40+ countries and regions. Leveraging our 350‑year heritage, MSIG USA brings the ...Show more
    Last updated: 13 days ago • Promoted
    Executive Underwriter

    Executive Underwriter

    Chubb • Chicago, IL, US
    Full-time
    We are seeking an Executive Underwriter to join our National Private Equity Practice for our Financial Lines / Private and Not-for-Profit Insurance Products. The PNP Underwriter will be accountable ...Show more
    Last updated: 30+ days ago • Promoted
    Executive Underwriter, AIGRM

    Executive Underwriter, AIGRM

    AIG Insurance • Chicago, Illinois, USA
    Full-time
    At AIG we are reimagining the way we help customers to manage risk.Executive Underwriter AIG Risk Management (AIGRM).Its an opportunity to grow your skills and experience as a valued member of the ...Show more
    Last updated: 6 days ago • Promoted
    Executive Underwriter, Risk Management

    Executive Underwriter, Risk Management

    National African-American Insurance Association (NAAIA) • Chicago, IL, United States
    Full-time
    Great underwriters know how to balance data analytics with human intuition.If you like both quantitative and qualitative reasoning, enjoy the challenge and autonomy of managing your own accounts at...Show more
    Last updated: 9 days ago • Promoted
    Underwriter III

    Underwriter III

    Argonaut Management Services, Inc • Chicago, IL, United States
    Full-time
    Argo Group International Holdings, Inc.American National, US based specialty P&C companies, (together known as BP&C, Inc. Brookfield Wealth Solutions, Ltd.BWS"), a New York and Toronto-listed public...Show more
    Last updated: 30+ days ago • Promoted