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Senior Underwriting Specialist

Zurich is currently looking for a Management Liability Underwriter, D&O to work out of our Denver or Seattle office! As a Management Liability Underwriter, you will be responsible for utilizing your sales/marketing, relationship building and analytical skills to analyze and underwrite new and renewal business for Financial Lines Products (Directors and Officers, Employment Practices Liability, Fiduciary Liability and Crime Insurance) for private, nonprofit companies.This is a market facing position and we are looking for someone with a strong sales mindset who will proactively seek renewal and new account opportunities, as well as identify growth opportunities. Building strong relationships with retail distributors (agents and brokers) and our customers in support of business retention and acquisition of new business is a key responsibility of this role. Identifying growth opportunities by determining our customer’s insurance needs and providing the right solutions will also be a critical responsibility of 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.• Mentor team members.Basic Qualifications:Senior Level:• 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 environmentORAVP Level:• 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 OfficePreferred Qualifications:• Bachelors Degree• Strong verbal and written communication skills• Microsoft Office experienceCompensation 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. For additional information about our Total Rewards, Click here. Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. The salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. The combined salary range for this position is $115,000.00 - $205,000.00.The starting salary range for the Senior Level is $115,000.00 - $165,000.00 and for the AVP Level is $150,000.00 - $205,000.00.As 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 - Denver, AM - Sacramento, AM - San Francisco, AM - SeattleRemote Working: HybridSchedule: Full TimeEmployment Sponsorship Offered: NoLinkedin Recruiter Tag:

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$160000 / YEARLY (est.)
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$115000K
$205000K

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What You Should Know About Senior Underwriting Specialist, Zurich North America

Are you ready to take your underwriting career to the next level? Zurich is on the lookout for a Senior Underwriting Specialist to join our dynamic team based in San Francisco, CA. In this pivotal role, you will utilize your expertise in underwriting Financial Lines Products, including Directors and Officers (D&O) and Employment Practices Liability, to analyze new and renewal business. Your sharp analytical skills and knack for relationship building will be crucial as you work closely with agents, brokers, and clients to identify growth opportunities and craft tailored insurance solutions. You’ll enjoy a market-facing position where actively seeking out new business, fostering strong relationships, and supporting our clients' insurance needs will be at the forefront of your responsibilities. Your ability to navigate underwriting rules and collaborate with various business teams will ensure successful retention and acquisition of key accounts. If you thrive in a fast-paced environment and are passionate about driving results while making a real difference in the insurance industry, this position at Zurich is perfect for you. With over 150 years of experience, we value diversity and inclusion, nurturing a collaborative workplace where everyone’s ideas and experiences are celebrated. Join us and become part of a company committed to innovation and excellence in the insurance sector.

Frequently Asked Questions (FAQs) for Senior Underwriting Specialist Role at Zurich North America
What are the main responsibilities of a Senior Underwriting Specialist at Zurich?

As a Senior Underwriting Specialist at Zurich, you will analyze and underwrite new and renewal business for various Financial Lines Products, such as Directors and Officers insurance. Building strong relationships with agents and brokers, identifying growth opportunities, and providing tailored insurance solutions will be part of your daily tasks. You'll also be responsible for adhering to underwriting guidelines and collaborating with internal teams to support business objectives.

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What qualifications are needed for the Senior Underwriting Specialist position at Zurich?

To qualify for the Senior Underwriting Specialist position at Zurich, candidates should possess a High School Diploma and either 5 years of relevant underwriting experience or 10 years in claims or underwriting support. Alternatively, having completed a Zurich Certified Insurance Apprentice program with relevant experience is accepted. Experience with Microsoft Office and strong communication skills are also essential.

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How does Zurich support career development for Senior Underwriting Specialists?

Zurich is dedicated to providing ongoing career development opportunities for its employees. As a Senior Underwriting Specialist, you will have access to training programs, mentorship opportunities, and resources designed to enhance your skills and advance your career in the insurance industry. Our commitment to fostering an inclusive and supportive work environment also boosts personal and professional growth.

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What is the salary range for the Senior Underwriting Specialist position at Zurich?

The salary range for the Senior Underwriting Specialist position at Zurich varies based on experience and qualifications. For this role, the starting salary is typically between $115,000 and $165,000, depending on your level of experience. Candidates at the AVP level can expect a salary range of $150,000 to $205,000. Zurich encourages applicants with varying salary expectations to apply based on their skills and background.

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What does the work culture look like for a Senior Underwriting Specialist at Zurich?

The work culture for a Senior Underwriting Specialist at Zurich is collaborative and inclusive, focusing on teamwork and diverse perspectives. Employees are encouraged to share their ideas and experiences, and the company actively supports a work environment where everyone feels they belong. Zurich’s commitment to diversity and equity is essential in driving innovation and achieving company goals.

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Common Interview Questions for Senior Underwriting Specialist
Can you describe your experience in underwriting financial lines products?

When answering this question, provide specific examples of financial lines products you have underwritten, such as Directors and Officers insurance. Highlight your approach to assessing risks and how you have successfully helped clients with tailored solutions.

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How do you build relationships with agents and brokers?

In your response, mention strategies such as regular communication, attending industry events, and providing exceptional support. Emphasize the importance of understanding their needs and how you’ve successfully maintained these relationships for business retention.

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What methodologies do you use to assess risks in underwriting?

Discuss your approach to risk assessment, such as analyzing financial statements, reviewing market trends, or using data analytics. Provide an example of a challenging risk you assessed and the outcome achieved through your methodology.

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How do you handle tight deadlines during the underwriting process?

Share how you prioritize tasks and manage your time effectively under pressure. It may be effective to present a specific situation where you met a tight deadline and the strategies you employed to do so.

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Why are relationships important in the underwriting process?

Emphasize that strong relationships foster trust and facilitate open communication, which is crucial for understanding client needs. Provide examples of how relationships have positively impacted your underwriting decisions and business results.

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What role does team collaboration play in your underwriting process?

Explain how collaborating with colleagues and other internal departments enhances the quality of your work. Share an experience where collaboration led to a successful outcome in your underwriting role.

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Can you give an example of a time you turned a declining account into a successful renewal?

Provide a specific case where you identified the reasons for the decline, addressed the client’s concerns, and implemented solutions that led to renewing their business successfully.

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How do you stay current with industry regulations and underwriting guidelines?

Discuss your commitment to continuous education through seminars, workshops, or industry literature. Mention any specific tools or resources you use to stay informed about the latest developments in underwriting.

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What motivates you in your role as an Underwriting Specialist?

Share what aspects of underwriting you find most rewarding, whether it’s problem-solving, helping clients protect their assets, or achieving business objectives. This personal touch can resonate with interviewers.

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What challenges have you faced in underwriting, and how did you overcome them?

Highlight a specific challenge, whether in terms of client interactions or risk assessment, and detail the steps you took to address it. Focus on the results of your actions and what you learned from the experience.

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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 20, 2024

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