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Senior Commercial Insurance Underwriter | Remote

Senior US International Reverse Flow UnderwriterZurich is seeking a senior level US International Reverse Flow Underwriter to join our International Operations team in our Schaumburg, IL North America Headquarters. We are also open to hiring someone based in another location and the preference is that they are near a Zurich office.The opportunity is to provide US underwriting support for incoming received country (RC) business from non-US producing countries. In this model the US RC underwriter will collaborate with the producing underwriter outside of the US pre-bind and post-bind to ensure the US insurance risk is priced adequately and the policy terms and conditions meets the customer needs.International US received business is ~$650M USD portfolio and the most significant country in the Zurich global network. Given the significant regulatory differences in US, underwriters provide local US insights to the producing country underwriter who will not be as familiar for form, rate, and US market practices. The team is additionally staffed with dedicated underwriting assistants and international specialists.The US RC underwriter will partner with the producing underwriter for inputs about overall structure, coverage needs, and submission data and ensure we follow US underwriting standards, provide guidance, develop quote proposal(s), and issuance for the US exposure.The US RC underwriter will be responsible to support producing countries for a primary line of business with potential for secondary line(s), both guarantee cost and loss sensitive types of accounts to address seasonality of business.The US RC underwriter will collaborate with an underwriting assistant and/or international servicing specialist working alongside to support the servicing and processing of the local US policies.Preferred candidates have experience in Large Property, or Auto (including Casualty Large or MM) and willingness to be flexible to shape the outcomes needed by customers and effectively collaborate to partner with producing underwriters less familiar with the US coverage and rate trends, and regulatory considerations.Ideal candidate will be flexible in thinking, enjoy working with different cultures, and an excellent collaborator.High School Diploma or Equivalent and 10 or more years of experience in the Claims or Underwriting Support area ORZurich Certified Insurance Apprentice including an Associate Degree and 3 or more years of experience in the Underwriting or Market Facing area ORZurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area ANDKnowledge of Microsoft OfficeBachelor DegreeTechnical knowledge of Commercial Lines Underwriting.Experience working with Commercial insurance brokersCreative problem solving skillsCompensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. Other rewards may include short term incentive bonuses and merit increases.As an insurance company, Zurich is subject to 18 U.As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( ).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®. 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. As a global company, Zurich recognizes the diversity of our workforce as an asset. 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/vetAny unsolicited resume will become the property of Zurich American Insurance. Location(s): AM - Remote Work (US)Remote Working: Schedule: Full TimeEmployment Sponsorship Offered: YesLinkedin Recruiter Tag: #LI-MG1 #LI-ASSOCIATE Zurich NA

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What You Should Know About Senior Commercial Insurance Underwriter | Remote, Zurich North America

Are you ready to take your expertise in underwriting to the next level? Zurich is excited to welcome a Senior Commercial Insurance Underwriter to our International Operations team. This is a remote role, allowing you to work from anywhere, with a preference for applicants located near one of our Zurich offices. As a key player on our team, you'll support US underwriting for incoming received country business from non-US sources, applying your extensive knowledge of market practices and regulatory nuances to ensure we meet our client's insurance needs. Your responsibilities will include collaborating closely with producing underwriters to develop pricing strategies, adhere to US underwriting standards, and create tailored policy proposals. If you're experienced in industries like Large Property or Auto, and possess a creative approach to problem-solving, we want you to be part of our journey as we navigate this approximately $650M portfolio. This position requires a minimum of a High School Diploma and a wealth of experience, ideally ten years in Claims or Underwriting Support. At Zurich, we celebrate diverse perspectives and are committed to nurturing an inclusive environment where everyone can thrive. Join us in shaping the future of risk management and insurance, all while enjoying the flexibility of remote work.

Frequently Asked Questions (FAQs) for Senior Commercial Insurance Underwriter | Remote Role at Zurich North America
What are the main responsibilities of a Senior Commercial Insurance Underwriter at Zurich?

At Zurich, the Senior Commercial Insurance Underwriter primarily provides US underwriting support for international business, engaging in pre-bind and post-bind collaboration with producing underwriters. This role is crucial for ensuring that US risks are accurately priced and that policy terms align with customer needs. You will manage a diverse portfolio, adapting to both primary and secondary lines of business, working closely with underwriting assistants to maintain high service standards.

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What qualifications do I need to become a Senior Commercial Insurance Underwriter at Zurich?

To qualify for the Senior Commercial Insurance Underwriter position at Zurich, candidates typically need a minimum of a High School Diploma or equivalent, along with significant experience—ideally 10 years—in Claims or Underwriting Support. Alternatively, candidates with an Associate Degree and substantial experience in the sector will also be considered. Technical knowledge in commercial lines underwriting and proficiency in Microsoft Office is essential.

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What does the training and career development look like at Zurich for Senior Underwriters?

Zurich is dedicated to the ongoing career development of its employees, including Senior Commercial Insurance Underwriters. You'll have access to comprehensive training programs and mentorship opportunities that foster your professional growth in the insurance field. We believe in nurturing talents and support an inclusive environment to help you thrive and exceed in your career.

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Can I work remotely as a Senior Commercial Insurance Underwriter at Zurich?

Yes! Zurich offers a flexible remote working environment for the Senior Commercial Insurance Underwriter role. We understand the importance of work-life balance, and we encourage applicants from various locations, particularly those near our Zurich offices, to apply for this exciting opportunity.

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What is the compensation structure for the Senior Commercial Insurance Underwriter position at Zurich?

Compensation for the Senior Commercial Insurance Underwriter role at Zurich varies based on a variety of factors, including office location, specific skill sets, and level of experience. We strive to offer competitive salaries, which may also include short-term incentive bonuses and merit increases, reflecting our commitment to recognizing and rewarding excellence.

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Common Interview Questions for Senior Commercial Insurance Underwriter | Remote
What experience do you have in underwriting international insurance policies?

Be prepared to discuss specific examples from your experience that highlight your familiarity with international markets. Share instances where you navigated complex regulatory environments and collaborated with global teams to meet client needs.

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How do you approach collaboration with producing underwriters unfamiliar with US regulations?

Explain your communication style and strategy when collaborating with producing underwriters. Emphasize your ability to educate and guide them through US market practices while also being open to their insights and needs.

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Can you describe a time when you had to solve a difficult underwriting problem?

Share a detailed example that illustrates your problem-solving skills. Focus on your analytical approach, how you gathered and assessed information, and the steps you took to identify a suitable solution.

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What tools or software do you typically use in underwriting, and how do they improve your process?

Discuss your familiarity with underwriting software and tools, such as Microsoft Office, data analytics platforms, or proprietary systems. Highlight how these tools aid in your workflow, risk assessment, and client relationship management.

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How do you prioritize your workload when managing multiple underwriting submissions?

Illustrate your organizational skills and time management strategies. Discuss how you assess urgency, set priorities, and ensure deadlines are met without sacrificing the quality of your work.

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What methods do you use to ensure accuracy in your underwriting assessments?

Talk about your thoroughness in reviewing submissions and conducting research to ensure accuracy. You might mention checklists, peer reviews, or software tools that help mitigate risks or errors.

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How do you stay updated on changes in regulations and market trends in commercial insurance?

Detail your commitment to continuous learning through industry publications, joining professional organizations, participating in webinars, or attending conferences to remain informed about evolving regulations and market dynamics.

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Describe a time when you provided valuable insights to a team or client.

Provide a specific example that showcases your analytical abilities and client relationship skills. Highlight how your insights contributed to achieving a successful outcome for the client or team.

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How would you describe your work style and approach to collaboration?

Discuss your collaborative nature and how you build relationships with team members. Mention your willingness to listen and adapt to others' ideas, fostering a supportive team environment.

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Why do you want to work as a Senior Commercial Insurance Underwriter at Zurich?

Share your passion for the insurance field and genuine interest in Zurich's mission and values. Emphasize how your skills align with the company's goals and why you are excited about being part of a diverse and innovative team.

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Full-time, remote
DATE POSTED
December 12, 2024

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