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Property Underwriter

Zurich gives you the tools and support to construct a rewarding career in the Insurance industry. We are looking for a Property Underwriter (Level I or Mid Level II) to work out of our Chicago office. (We will also consider talent in Minnesota, Pittsburgh, Cleveland or Kansas City). While this position will be based out of a Zurich office, 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 and be in the office/market three days per week.As Property Underwriter (Level I or Mid Level II) you will have a chance to use your marketing and analytical skills along with your knowledge of buildings to analyze and underwrite new and renewal Property business both in the US and internationally. This is a market facing position and we are seeking someone with a strong sales execution mindset and knowledge of commercial Property policies. There will be 15%-20% travel for this position.This role will be filled at either the Property Underwriter (Level I) or Property Underwriter (Mid Level II). 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.Key Accountabilities of this role:• Administer and monitor underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.• Develop, maintain & collaborate with Line of Business representatives and other business-related needs, as appropriate.• Develop and maintain relationships with distributors (agents & brokers) in support of business retention and acquisition and works with customers and distributors (agents & brokers) to determine their insurance related needs and provide solutions.• Support the organization's sales culture by being a Help Point for agents, brokers and customers.• 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 broker/customer and on-sight calls with a planned and well-prepared purpose.Basic Qualifications Property Underwriter I:• High School Diploma or Equivalent and 1 or more years of experience in the Insurance, Banking, Mortgage, Finance, Construction or Market Facing area. OR• High School Diploma or Equivalent and 2 or more years of experience in the Claims or Underwriting Support area AND• Knowledge of the insurance industry and the legal and regulatory environment• Knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines AND• Knowledge of the insurance industry and the legal and regulatory environment• Knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelinesORBasic Qualifications Property Underwriter II:• High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing 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 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 OfficePreferred Qualifications:• Bachelor’s Degree• Commercial Property underwriting experience and broker relationships in the Midwest region• Ability to effectively assess risk• Strong negotiation skills• 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• PC and related software skills• CPCU and ARM a plusAs an insurance company, Zurich is subject to 18 U.S. Code• 1033.As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time (https://www.zurichna.com/careers/faq).A future with Zurich. What can go right when you apply at Zurich?Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of 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 we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. 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/vetZurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.Location(s): AM - Chicago, AM - Overland Park, AM - Pittsburgh, AM - Edina, AM - ClevelandRemote Working: HybridSchedule: Full TimeEmployment Sponsorship Offered: NoLinkedin Recruiter Tag:

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What You Should Know About Property Underwriter, Zurich North America

Are you ready to step into a dynamic opportunity with Zurich as a Property Underwriter? Based out of our Overland Park, KS office, this position allows you to harness your analytical savvy and marketing acumen while working in a hybrid model that blends flexibility with collaboration. Whether you're entering the industry as a Level I or bringing your experience as a Mid Level II, your role will be crucial in analyzing and underwriting new and renewal Property business, both domestically and internationally. You’ll get to engage with a network of agents and brokers, championing Zurich’s solutions and ensuring excellent service. Understanding the latter is key; you’ll administer underwriting guidelines and regulations while building solid relationships for both retention and growth. Plus, with an emphasis on professional development, Zurich offers the tools you need to thrive. The role comes with light travel (15%-20%) and the chance to make a real impact—helping clients meet their insurance needs while advancing your career in the vibrant insurance industry. If you have a knack for relationship building, problem-solving, and risk assessment, we invite you to join our passionate team—the next step in your rewarding career awaits!

Frequently Asked Questions (FAQs) for Property Underwriter Role at Zurich North America
What are the responsibilities of a Property Underwriter at Zurich?

As a Property Underwriter at Zurich, you will be responsible for analyzing and underwriting new and renewal Property business, implementing underwriting rules and guidelines, and developing relationships with agents and brokers to retain and acquire business. You’ll also assess opportunities, leverage your marketing and analytical skills, and support Zurich’s sales culture by proactively identifying new account opportunities.

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What qualifications are needed to become a Property Underwriter at Zurich in Overland Park, KS?

To become a Property Underwriter (Level I), you need at least a High School Diploma or equivalent, with one year of relevant experience in the insurance industry, banking, finance, or related fields. For the Mid Level II position, you’ll need three years of experience in underwriting or the market facing sector, along with a solid understanding of property policies, underwriting philosophy, and the legal environment surrounding the industry.

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What skills should a successful Property Underwriter at Zurich possess?

Successful Property Underwriters at Zurich should have strong analytical skills, a deep understanding of commercial property policies, and exceptional negotiation abilities. Relationship-building skills are also crucial, as is the ability to communicate effectively with agents, brokers, and clients. Familiarity with Microsoft Office and knowledge of the insurance industry regulations are also preferred for excelling in this role.

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What is the expected travel for a Property Underwriter at Zurich?

The Property Underwriter position at Zurich typically requires light travel, approximately 15%-20% of the time. This travel is essential for meeting with brokers and clients, facilitating agency relationships, and fostering the strong sales execution mindset that is vital for the role.

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What growth opportunities does Zurich offer for Property Underwriters?

At Zurich, Property Underwriters have various pathways for growth, including ongoing training and career development opportunities. Employees are encouraged to share their unique perspectives and experiences, fostering an inclusive environment that values contributions from diverse backgrounds. This commitment to professional advancement can lead you to higher roles within the underwriting function or even broader insurance industry opportunities.

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Common Interview Questions for Property Underwriter
Can you describe your experience with underwriting guidelines?

When answering this question, discuss your familiarity with underwriting guidelines, highlighting specific experiences where you implemented rules or adapted strategies to adhere to regulations. Use examples that demonstrate your understanding and practical application of underwriting best practices.

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How do you assess risk when underwriting property insurance?

In your response, emphasize your analytical approach to risk assessment. Detail the factors you consider, such as property condition, location, and historical loss data. Explain how you balance risk with business opportunities, showcasing your decision-making process.

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What strategies do you use to build relationships with agents and brokers?

Highlight your relationship-building techniques, including active listening, regular communication, and personalized outreach. Share anecdotes that showcase how you’ve successfully fostered strong partnerships in the past and why this is crucial in your role as a Property Underwriter.

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How do you stay current with the insurance industry trends?

Discuss your methods for staying informed, such as attending industry seminars, following relevant publications, or engaging in professional networking. Your answer should convey a proactive approach to continuous learning and adaptation.

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Can you give an example of a challenging underwriting decision you've made?

Prepare a specific instance where you faced a complex underwriting decision. Explain the issue, your analysis process, the decision made, and the outcome. Focus on showcasing your critical thinking and problem-solving skills.

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Describe a time you identified a renewal opportunity.

Share a detailed story where you recognized a renewal opportunity, including the steps you took to secure the account. Highlight your communication skills and how you managed client relationships during the process.

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What is your approach to new accounts and business acquisition?

Outline your strategy for business acquisition, emphasizing the steps you take in identifying potential clients, assessing their needs, and presenting tailored insurance solutions that align with Zurich’s offerings.

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How do you handle conflicts or disagreements with agents or clients?

Convey your conflict resolution style, ideally using a specific example. Focus on your ability to listen, empathize, and find mutually beneficial solutions that maintain professional relationships.

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What technology tools do you use in your underwriting process?

Discuss the technology and software tools you are familiar with, emphasizing your knowledge of underwriting applications, Microsoft Office, and data analysis platforms. Highlight how these tools aid in efficiency and accuracy in your work.

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How would you prioritize your workload as a Property Underwriter?

Share your methods for prioritizing tasks, such as using organizational tools or techniques like the Eisenhower Matrix. Be prepared to discuss how you manage deadlines and ensure quality in a busy environment.

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For Zurich, our brand is about connecting better with all of our audiences. It's about what we do every day, through the way we communicate with our customers, with each other, and with the wider world. Ultimately, our brand is a reflection of who...

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Full-time, hybrid
DATE POSTED
December 22, 2024

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