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Zurich Insurance · 1 month ago

VP or AVP, Captives Underwriting Manager- Middle Market

Schaumburg, IL

Full-time

Hybrid

Mid, Senior Level

$143K/yr - $356K/yr

7+ years exp

Zurich Insurance is currently looking to hire an experienced AVP or VP Underwriting Manager for their Group Captives Team. In this role, the individual will manage underwriters, identify growth opportunities, negotiate deals, and ensure profitability while maintaining strong producer relationships.

Financial ServicesInsuranceProductivity Tools

Comp. & Benefits

No H1B

Responsibilities

Manage market facing underwriters who proactively seek renewal and new account opportunities

Identifies new growth opportunities with key distributors for areas of responsibility

Oversee negotiations of Terms & Conditions and closes deals

Ensure cross-sell within areas of responsibility to increase product density with the account

Provide continuous coaching on sales best practices

Calculate Target Price accurately by utilizing underwriting tools appropriately

Identify market trends and exposures that may impact business results. Work with actuarial to insure a proper rate / price structure

Manage relationships with producers by conducting line of business, book of business, class and segment analysis to ensure profitability and growth

Market company products and services through agency plant and brokerage community

Support development and maintenance of agent/broker relationships to achieve profitable growth, market share, product mix, new business and account retention

Review agency books of business as well as profit/growth results and trends to recommend and implement action plans

Travel at least 50% Internationally

Qualification

Underwriting experiencePeople managementCommercial insurance knowledgeCPCU certificationARM certificationNegotiation skillsPortfolio managementCommunication skillsRelationship buildingPresentation skillsResults oriented

Required

High School Diploma or Equivalent and 7 or more years of experience in the Underwriting or Market Facing area

High School Diploma or Equivalent and 14 or more years of experience in the Claims or Underwriting Support area

Zurich Certified Insurance Apprentice including an Associate Degree and 5 or more years of experience in the Underwriting or Market Facing area AND 2 or more years of people management experience

Bachelors Degree and 10 or more years of experience in the Underwriting, Market Facing, Broker, Carrier or Risk Management area within the Commercial Insurance industry

Bachelors Degree with 20 or more years of experience in Claims or Underwriting Support area within the Commercial Insurance industry AND Experience in a specialized line of business or segment

2 or more years of people management experience

Preferred

Bachelors Degree

CPCU or ARM

Advanced knowledge of product lines and insurance industry

Excellent communication skills

Excellent skills in relationship building

Strong presentation skills

Results oriented Established Underwriting/Insurance exposure

Evidence of effective negotiation skills

Portfolio Management

Benefits

Short-term incentive bonus eligibility set at 20%

Short-term incentive bonus eligibility set at 25%

Competitive pay

Comprehensive benefits for employees and their families

Company

Zurich Insurance

Glassdoor4.2

Zurich Insurance Group (Zurich) is a leading global multi-line insurer founded more than 150 years ago, which has grown into a business serving more than 75 million customers in more than 200 countries and territories, while delivering industry-leading total shareholder returns.

Founded in 1872

Zürich, Zurich, CHE

10001+ employees