Talent.com
AVP, Underwriting Director- Commercial Surety

AVP, Underwriting Director- Commercial Surety

Indianapolis StaffingIndianapolis, IN, US
3 days ago
Job type
  • Full-time
Job description

AVP, Underwriting Director- Commercial Surety

Zurich North America is looking for a Commercial Surety Underwriting Officer (AVP or VP Level) to join our Commercial Surety team within one of the following locations : Chicago, Schaumburg, Illinois, Michigan, Wisconsin, Ohio, or Indiana. 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 AVP or VP 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 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.

AVP 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

    • VP 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

    • 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 visit our website. 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%.

    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.

    Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please visit our website 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.

    Create a job alert for this search

    Director Underwriting • Indianapolis, IN, US