Apply on Employer Site

Zurich North America · 9 hours ago

VP Liability Underwriting Officer

Schaumburg, IL

Full-time

Hybrid

Senior Level, Lead/Staff

$198K/yr - $324K/yr

10+ years exp

Zurich North America is currently looking for an experienced VP Liability Underwriting Officer. This key role is responsible for guiding the liability underwriting strategy and execution, leading a team of underwriters to ensure disciplined practices and drive portfolio strategy and performance management.

CommercialFinancial ServicesInsurance

Comp. & Benefits

No H1B

Responsibilities

Shape portfolio performance by defining strategies, identify trends, support pricing adequacy, and drive profitability frameworks

Lead the delivery of underwriting direction to enable successful Commercial GL and Excess underwriting to achieve financial objectives in North America

Drive profitable growth by providing business unit support for developing, implementing and monitoring business unit portfolio strategies

Develop, negotiate and implement strategic operational plans aligned with BU goals; provide input to Commercial GL and Excess underwriting strategies for all North American portfolios with Commercial GL and Excess exposures

Anticipate and assess long-term opportunities and risks associated with external market shifts, looking forward 5+ years

Determine emerging issues relevant to current and future needs and ensure strategies, programs, processes incorporate these insights

Ensure governance and alignment of policy, procedures and operating standards is completed for area of responsibility

Optimize resource allocation and champion products, projects, investments in Commercial GL and Excess that meet business unit needs

Evaluate underwriting activities to identify strategic risks and compliance issues

Lead risk assessment for their area of responsibility and escalate potential issues to higher management

Drives consistency and enhance underwriting standards across the Commercial GL and Excess Lines of Business to maintain or improve underwriting performance

Promote a rigorous underwriting process and procedure monitoring system

Provide effective leadership and management of Underwriting people resources: pursuing active talent management, driving capability development and creating a high-performance culture

Oversees framework for underwriting decisions e.g. authority grants, referrals, technical underwriting reviews

Guide design and implementation of rating and pricing tools and methodologies

Provides strategic underwriting insight for tools development and modernization

Develop and maintains strategic partnerships both internally and externally to advance business objectives

Leads LoB underwriting strategy for product development in collaboration with business units and the Product Management

Drive standardization and simplification of products, processes and tools across the LoB

Identify Commercial GL and Excess training opportunities and assists with facilitation of Commercial GL and Excess training framework

Oversees underwriting engagement with industry and regulatory bodies

Qualification

Liability Underwriting ExpertiseCommercial General LiabilityExcess Portfolio ManagementCPCU CertificationStrategic PlanningRisk AssessmentData AnalysisMarket Trend AnalysisTalent ManagementLeadership Skills

Required

Bachelors Degree and 10 or more years of experience in the Operations area

Experience working globally or internationally with underwriting partners

Supervisory or management experience

Preferred

CPCU

Technical knowledge and multi-level leadership skills reflective of a practitioner who has been operating at a senior underwriting level or manager role

Track record of fostering business improvement and delivering change in a complex insurance environment