Middle Markets Underwriter (Senior or AVP) (Chicago) Job at Zurich Insurance Company Ltd, Chicago, IL

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  • Zurich Insurance Company Ltd
  • Chicago, IL

Job Description

Middle Markets Underwriter (Senior Or AVP)

Zurich is seeking a Market Facing Underwriter, Middle Market (Senior or AVP) for our Chicago office! While this position will be based out of our Chicago location, you will have the flexibility to work on a hybrid basis. You will partner with your manager to set a flexible work schedule that supports you, our customers, and our brokers and agents. This role will require you to be visible in the marketplace to meet with our agents and brokers. In this role you will be working with national wholesalers to drive growth with a focus on profitability.

Middle Markets is a key business segment within Zurich and we are focused on attracting top customer advocates who possess a sales mindset, strong technical underwriting skills and solution focused problem solving abilities. Our industry focus includes (not limited to) General Industries, Manufacturing, and Real Estate. Zurich Middle Markets offers end to end solutions for our customers inclusive of international programs.

This role will be filled at either the Middle Markets Underwriter (Senior or AVP). The hiring manager will determine the appropriate level based upon the selected applicant's experience and skill set relative to the qualifications listed for this position.

As a Middle Markets Underwriter (Senior or AVP) you will handle complex new and renewal Middle Markets business. As a member of Zurich's Underwriting Team, you will enjoy the opportunity to fully apply and hone your underwriting and marketing skills while building relationships with Select Brokers in the Midwestern Region. This is an exciting time to join Middle Markets at Zurich!

The Middle Markets Underwriter is responsible for:

  • Serving as a customer industry advocate with a focus on improving the customer experience by understanding their risk and offering the best end to end solution for their insurance needs.
  • Using a disciplined approach to exposure evaluation, risk assessment and pricing
  • Using risk insights, data, and models to drive informed decisions at point of sale
  • Identifying gaps involves and aligning Zurich's products and value proposition to offer a solution that provides the contract certainty the customer needs
  • Demonstrating strong analytical skills and executing as an innovative advisor
  • Underwriting, analyzing, and generating new and renewal business
  • Market facing presence and production within the growing Middle Markets division
  • Administering and monitoring underwriting rules and guidelines, insurance laws and regulations and rating manual rules
  • Developing and maintaining agency and broker relationships
  • Working within broad limits and authorities on highly complex assignments

Basic Qualifications:

  • High School Diploma or Equivalent and 5 or more years of experience in the Underwriting or Market Facing 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 of experience in the Underwriting or Market Facing 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
  • Experience working on time restraints for quotes on new and renewal business
  • Experience working in a team environment

OR

  • High School Diploma or Equivalent and 7 or more years of experience in the Underwriting or Market Facing 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 or Market Facing 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
  • Market facing, Property & Casualty underwriting experience
  • 3 or more years of Underwriting experience in Middle Market or larger.
  • Ability to effectively assess risk
  • Strong negotiation skills
  • Strong retail broker relationships
  • Superior skills in relationship building, active listening, needs analysis, and win-win negotiating
  • Possess knowledge of time restraints for quotes on new and renewal business
  • Excellent oral and written communication skills
  • Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines
  • Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility
  • CPCU and ARM a plus

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 click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The combined salary range for this position is $108,200.00 - $234,300.00. The proposed salary range for the Senior is $108,200.00 - $177,100.00, with short-term incentive bonus eligibility set at 15%. The proposed salary range for the AVP is $143,000.00 - $234,300.00, with short-term incentive bonus eligibility set at 20%.

Location(s): AM - Chicago Remote Working: Hybrid Schedule: Full Time Employment Sponsorship Offered: No

Job Tags

Full time, Contract work, Temporary work, Part time, Apprenticeship, Work at office, Local area, Visa sponsorship, Flexible hours,

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