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Zurich Insurance · 1 day ago

Executive Underwriter - Commercial Surety

Boston, MA

Full-time

Hybrid

Mid, Senior Level

$123K/yr - $201K/yr

3+ years exp

Zurich Insurance is seeking an experienced Commercial Surety Underwriter to join their Surety Team in the NY/NJ Metropolitan region. The role involves analyzing and underwriting new and renewal business while partnering with brokers to write profitable business and ensure high-level service to customers.

Financial ServicesInsuranceProductivity Tools

Comp. & Benefits

No H1B

Responsibilities

Proactively seek renewal and new account opportunities

Complete detailed opportunity assessment with key distributors to identify growth opportunities

Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity

Make agent/broker/customer and on-sight calls with a planned and well-prepared purpose

Negotiate Terms & Conditions and close deals

Cross-Sell other lines of business to increase product density with the account

Participate in Sales Team meeting as related to assigned brokers and / or territory

Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to effective date

Update required systems with details of broker / client visits and account status within specified time frame

Serve as key contact for assigned target accounts

Develop strong broker and client networks as related to industries underwritten by Business Unit

Contribute to development of u/w manuals, programs and guidelines

Lead complex technical or long-term (over 6 months) business projects to implement new or changed systems, programs or products

Investigate, recommend and implement leading edge technical solutions when they meet customer needs

Qualification

Underwriting experienceSurety businessRisk assessmentBroker relationshipsMicrosoft OfficeNegotiation skillsCustomer serviceCommunication skillsRelationship building

Required

High School Diploma or Equivalent and 3 or more years of experience in the Underwriting, Finance, Accounting, Banking. or Market Facing area OR

High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support area

Zurich Certified Insurance Apprenticeship program including an Associate Degree and 1 or more years of experience in the Underwriting, Finance, Accounting, Banking. or Market Facing 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

Preferred

Experience handling Large Commercial Accounts

Highly preferred In-depth knowledge of Surety line/s of business and the legal and regulatory guidelines

Highly preferred Knowledge of time restraints for quotes on new and renewal business

Bachelor's Degree

Strong verbal and written communication skills

Microsoft Office experience

Ability to effectively assess risk

Strong negotiation skills

Strong broker relationships

Superior skills in relationship building, active listening, needs analysis, and win-win negotiation

Possess a high level of customer service by meeting or exceeding broker and or customer expectations with respect to required deadlines

Excellent oral and written communication skills

Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines

Benefits

Short-term incentive bonus eligibility set at 15%

Competitive pay and 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