Senior Underwriter, Financial Lines

Zurich 56 Company Ltd; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

Zurich Insurance is seeking a Senior Underwriter in Financial Lines to analyze and underwrite new and renewal business. The role involves collaborating with clients and brokers, negotiating terms, and ensuring high service levels. Ideal candidates will have a strong background in underwriting, excellent negotiation skills, and a Bachelor's degree in a relevant field.

Qualifications

• Minimum of 7 years of underwriting experience in financial lines and cyber.
• Strong understanding of underwriting principles and pricing strategies.
• Experience in Singapore and SEA risk is a plus.

Responsibilities

• Analyze and underwrite new and renewal business using The Zurich Way of Underwriting Framework.
• Negotiate terms and conditions, close deals, and cross-sell other lines of business.
• Develop and maintain strong broker and client networks.

Skills

Risk Assessment

Negotiation

Communication

Analytical Skills

Problem Solving

Education

Bachelor’s degree in insurance, finance, law, or related field

Advanced degree or professional certification (e.g., ACII, CPCU)

Tools

Underwriting tools and software

Job description

Senior Underwriter, Financial Lines

Job ID: 124053

The Opportunity:

Are you a seasoned underwriter with a passion for financial lines? Are you keen to engage with broker and insurer partners to develop innovative solutions for our customers? Join Zurich Insurance as a Senior Underwriter in Financial Lines, where you will analyze and underwrite new and renewal business using The Zurich Way of Underwriting Framework. You will work within delegated authority levels on complex assignments and ensure a high level of service to our customers.

In this role, you will collaborate with clients and brokers to provide tailored solutions, leveraging your expertise to balance risk management with customer satisfaction. This is your chance to make a significant impact, drive innovation, and shape a portfolio with a global leader in the insurance industry.

Key Responsibilities:

1. Proactively seek renewal and new account opportunities and qualify accounts to align with the organization's appetite and business opportunities.
2. Conduct detailed opportunity assessments with key distributors to identify and capitalize on growth opportunities.
3. Negotiate terms and conditions, close deals, and cross-sell other lines of business to increase product density within accounts.
4. Develop and maintain strong broker and client networks, serving as the key contact for assigned target accounts.
5. Measure exposure, analyze risk, and accurately calculate target prices using appropriate underwriting tools.
6. Lead and participate in marketing presentations, sales team meetings, and the target account process.
7. Provide expertise on coverage issues, contribute to the development of underwriting manuals, and assist in training and developing staff.
8. Monitor and review work undertaken across a number of small to medium-scale projects or a large complex project to ensure appropriate use of resources and adherence to schedules.

Qualifications, Experience & Skills:

• Embrace the concept of The Zurich Way of Underwriting and demonstrate the ability to quickly integrate and adapt to different underwriting cultures and practices.
• Bachelor’s degree in insurance, finance, law, or a related field; advanced degree or professional certification (e.g., ACII, CPCU) preferred.
• Minimum of 7 years of underwriting experience in financial lines and cyber, with a proven track record of success and a good personal reputation in the market. Expertise in underwriting SME risks or commercial PI risks is a plus.
• Strong understanding of underwriting principles, risk assessment, and pricing strategies.
• Excellent negotiation and communication skills, with the ability to build and maintain strong relationships with clients, brokers, and internal stakeholders.
• Proficiency in using underwriting tools and software, with strong analytical and problem-solving abilities.
• Demonstrated ability to work independently and under pressure, making informed decisions within delegated authority levels.
• Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.
• Experience in Singapore and SEA risk.

You are the heart & soul of Zurich!

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking, "What can go right?"

We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step.

People are Zurich’s most important asset. Their varied skills, perspectives, and experiences drive innovation. They reflect the breadth and diversity of our customers, suppliers, communities, and investors around the world. We are committed to attracting and retaining talented individuals from a variety of backgrounds and experiences.

Let’s continue to grow together!