Commercial Surety Underwriter

Job Description
Job Summary

Zurich Financial Services group is an insurance-based financial services provider with a global network of subsidiaries and offices in North America, Europe, Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. Zurich employees approximately 60,000 people serving customers in more than 180 countries.

In 1912, Zurich became the first foreign insurer to enter the US Market. Zurich North America was founded in 1912, has approximately 10,000 employees and is headquartered in Schaumburg, IL. Today in the US, through Zurich American Insurance Company, Zurich is a leading commercial property and casualty insurer and holds several Key Market Positions.

As an industry leader Zurich offers very competitive benefits options including a 401K savings plan with up to a 6% company match, incentives, career growth, paid time off, recognition for achievements and a challenging and rewarding work environment.

Working for Zurich will provide you with:

• The opportunity to be involved and work in a global organization

• The opportunity to work for the 2nd most-admired company in the P&C Industry

• The opportunity for advancement and growth in the US and internationally

Zurich Insurance is currently looking for an Underwriter for our Commercial Surety Division in our Chicago, IL office. We are looking for a Commercial Surety product expert with excellent market facing and technical skills.

Our Commercial Surety Underwriter is responsible for:

• Marketing Zurich's products and services.

• Developing, underwriting, and managing a portfolio of Surety business.

• Managing the selection/denial of new and/or renewal business.

• Developing and maintaining relationships with brokers and customers.

• Developing, administering and monitoring complex underwriting rules and guidelines.

• Investigating, recommending and leading product development efforts.

• Leading and participating on project and key initiative teams.

• Assures development and implementation of policy, procedures and standards to produce profitable underwriting results.

• Significantly contributing to process improvement and technology innovation.

• Working in close collaboration with other teams within Zurich, including risk management, operations and finance.

• Addressing governance and regulatory compliance issues

• Will provide technical guidance, assistance, and training to lower level associates.

Job Qualifications

Our ideal candidate will possess the following:

• Bachelor’s Degree Preferred

• 4+ years of Commercial Surety Underwriting experience

• Excellent oral and written communication skills.

• In-depth knowledge of line/s of business and legal and regulatory guidelines.

• Strong negotiation skills.

• Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines.

• Ability to effectively assess risk.

• Ability to multi-task.

• Ability to function in a team environment.

• Possess knowledge of time restraints for quotes on new and renewal business.

• PC literate.

• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.

• Solid knowledge of processing methods and workflow procedures, and knowledge of insurance underwriting and regulations for assigned territories.

• Knowledge of time restraints for quotes on new and renewal business.

• Must be able to function effectively in team environment.

Company

Zurich

Job Code

State or Province

Illinois

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