Financial Institutions Underwriter

7 days ago


Chicago, Illinois, United States Zurich Insurance Company Ltd. Full time
About the Role

Zurich Insurance Company Ltd. is seeking an experienced Financial Institutions Underwriter to join our team in Chicago. As a key member of our underwriting team, you will be responsible for handling complex new and renewal domestic Middle Market and National accounts for all Financial Institutions industry verticals and lines of coverage offered.

Key Responsibilities
  • Customer Advocacy: Serve as a customer industry advocate, focusing on improving the customer experience by understanding their risk and offering the best end-to-end solution for their insurance needs, specifically within Financial Lines for Financial Institutions, including D&O, E&O, EPL, Fiduciary, and Fidelity lines of coverage.
  • Exposure Evaluation and Risk Assessment: Use a disciplined approach to exposure evaluation, risk assessment, and pricing to ensure accurate and informed underwriting decisions.
  • Risk Insights and Data-Driven Decision Making: Utilize risk insights, data, and models to drive informed decisions at the point of sale, ensuring the best possible outcomes for our customers.
  • Product Alignment and Gaps Identification: Identify gaps in our products and value proposition, aligning them to offer a solution that provides the contract certainty our customers need.
  • Analytical and Advisory Skills: Demonstrate strong analytical skills and execute as an innovative advisor, providing expert guidance to our customers and internal stakeholders.
  • Underwriting and Business Development: Underwrite, analyze, and generate new and renewal business, driving growth and revenue for Zurich Insurance Company Ltd.
  • Market Facing and Production: Engage in market-facing activities and production within the growing International division, expanding our presence and offerings.
  • Regulatory Compliance and Governance: Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating manual rules to ensure compliance and adherence.
  • Agency and Broker Relationships: Develop and maintain strong relationships with agencies and brokers, fostering trust and collaboration to drive business growth.
  • Complex Assignments and Authorities: Work within broad limits and authorities on highly complex assignments, requiring expertise and judgment to deliver exceptional results.
Requirements
  • Education and Experience: High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area, or equivalent combination of education and experience.
  • Preferred Qualifications: Bachelor's Degree, Financial Institutions Financial Lines underwriting experience, ability to effectively assess risk, strong negotiation skills, and excellent oral and written communication skills.
About Zurich Insurance Company Ltd.

Zurich Insurance Company Ltd. is a leading global insurance company, providing commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and insure 90% of the Fortune 500. Our growth strategy is not limited to our business; we strive to provide ongoing career development opportunities and foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging.

We recognize the diversity of our workforce as an asset and recruit talented people from a variety of backgrounds with unique perspectives. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status, or any other legally protected status. EOE disability/vet



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