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Zurich Insurance · 2 months ago

Underwriting Specialist OR Executive Underwriter- Commercial Surety

Cincinnati, IL

Full-time

Hybrid

Mid, Senior Level

$75K/yr - $165K/yr

3+ years exp

Zurich North America is looking for an Underwriting Specialist OR Executive Underwriter- Commercial Surety to join their Commercial Surety team. This role involves overall account management, business development, and analysis of complex Commercial Surety Accounts, requiring strong financial acumen and excellent communication skills.

Financial ServicesInsuranceProductivity Tools

Comp. & Benefits

No H1B

Responsibilities

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

Qualification

Commercial Surety UnderwritingCredit AnalysisNegotiation SkillsMicrosoft OfficeFinancial BackgroundAnalytical SkillsTeam EnvironmentInvestigative SkillsCommunication SkillsTime Management

Required

High School Diploma or Equivalent and 3 or more years of experience in 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

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

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

Benefits

Short-term incentive bonuses

Merit increases

Comprehensive employee benefits package

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