About the Role
Zurich is seeking an experienced Underwriter for its Wholesale Financial Institution team, focusing on the wholesale broker channel. This role offers a significant opportunity within the Financial Institution team, based in either Chicago or New York City.
Responsibilities
- Underwrite and perform financial analysis across financial institution risks.
- Handle technical, transactional, and market-facing responsibilities.
- Contribute to product/proposition development, marketing, fulfillment, and portfolio management.
- Generate, underwrite, and analyze new and renewal financial institution policies.
- Engage in market-facing activities and production with wholesale brokers.
- Administer and monitor underwriting rules, guidelines, insurance laws, regulations, and rating manual rules.
- Operate within broad limits and authorities on highly complex assignments.
- Manage a portfolio of accounts and develop a pipeline of business.
- Collaborate and cross-sell with other stakeholders and lines of business within Zurich.
Requirements
- High School Diploma or Equivalent
- 5+ years of experience in Underwriting, Market Facing, Accounting, Banking, or Risk Management (for Executive Underwriter)
- 10+ years of experience in Claims or Underwriting Support (for Executive Underwriter)
- Zurich Certified Insurance Apprentice including an Associate Degree and 3+ years of experience in Underwriting or Market Facing, Accounting, Banking, or Risk Management (for Executive Underwriter)
- Zurich Certified Insurance Apprentice including an Associate Degree and 8+ years of experience in Claims or Underwriting Support (for Executive Underwriter)
- 7+ years of experience in Underwriting, Market Facing, Finance, Accounting, or Banking (for AVP, Underwriting Director)
- 14+ years of experience in Claims or Underwriting Support (for AVP, Underwriting Director)
- Zurich Certified Insurance Apprentice including an Associate Degree and 5+ years of experience in Underwriting or Market Facing, Accounting, Banking, or Risk Management (for AVP, Underwriting Director)
- Zurich Certified Insurance Apprentice including an Associate Degree and 12+ years of experience in Claims or Underwriting Support (for AVP, Underwriting Director)
- Knowledge of Microsoft Office
- Experience working under time constraints for quotes on new and renewal business
- Experience working in a team environment
Skills
- Financial analysis
- Underwriting
- Market facing
- Product development
- Proposition development
- Marketing
- Fulfillment
- Portfolio management
- Microsoft Office
- Strong verbal communication skills
- Strong written communication skills
Location
- Chicago, IL
- New York, NY
Work Type
- Hybrid
- Full Time
Experience Level
- Executive Underwriter
- AVP, Underwriting Director
Education Level
- High School Diploma or Equivalent
- Associate Degree
- Bachelors Degree
Salary/Compensations
- $100,000.00 - $215,000.00
- Executive Underwriter: $100,000.00 - $165,000.00 with Global Specialty Incentive Plan bonus eligibility set at 30%
- AVP, Underwriting Director: $130,000.00 - $215,000.00 with Global Specialty Incentive Plan bonus eligibility set at 40%
Benefits
- Competitive pay
- Comprehensive benefits for employees and their families
- Global Specialty Incentive Plan bonus eligibility
About the Company
- Zurich North America is a leader in risk management with over 150 years of expertise.
- Provides coverage across 25+ industries, including 90% of the Fortune 500®.
- Values ideas and experience, offering growth, inclusion, and a supportive environment.
Equal Opportunity
- Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law.
- Equal Opportunity Employer disability/vets.
- Complies with 18 U.S. Code § 1033.
