Commercial Surety Underwriting Officer (AVP or VP)

Zurich North America; Schaumburg (IL); Hybrid; USD 120,000 - 222,000; Full time

Job summary

An established industry player is seeking a Commercial Surety Underwriting Officer to join their dynamic team. This role offers the chance to manage complex accounts, develop business relationships, and leverage your financial acumen to drive success. With a focus on analytical skills and negotiation, you will be instrumental in closing deals and enhancing client relationships. The company promotes a culture of inclusivity and career growth, making it an excellent opportunity for those looking to make a significant impact in the insurance sector.

Benefits

Comprehensive Employee Benefits

Ongoing Career Development Opportunities

Inclusive Work Environment

Qualifications

• 5+ years in Underwriting or related fields for AVP level.
• 7+ years in Underwriting or related fields for VP level.

Responsibilities

• Manage complex Commercial Surety Accounts and develop new business.
• Negotiate terms and conditions with brokers and clients.

Skills

Financial Analysis

Communication Skills

Negotiation Skills

Analytical Skills

Time Management

Education

High School Diploma or Equivalent

Bachelor’s Degree

Tools

Microsoft Office

Job description

Commercial Surety Underwriting Officer (AVP or VP)

Join to apply for the Commercial Surety Underwriting Officer (AVP or VP) role at Zurich North America

Commercial Surety Underwriting Officer (AVP or VP)

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Join to apply for the Commercial Surety Underwriting Officer (AVP or VP) role at Zurich North America

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Zurich North America is looking for a Commercial Surety Underwriting Officer (AVP or VP Level) to join our Commercial Surety team within on of the following locations: Chicago, Schaumburg, Illinois, Michigan, Wisconsin, Ohio, or Indiana.

The Commercial Surety Underwriter is a uniquely technical role in the underwriting world. In this position you will be responsible for the overall account management, business development and analysis of a highly complex book of Commercial Surety Accounts. Our ideal candidate will have a can-do positive attitude, strong financial background including credit analysis, excellent communication and presentation skills, time management skills, and the ability to further develop and sharpen established negotiation skills. Underwriters will use the Zurich Way of Underwriting Framework within delegated authority levels on highly complex assignments ensuring a high-level service to customers.

This is a great opportunity for an experienced Commercial Surety Underwriter to use their analytical skills, their entrepreneurial spirit, along with their ability to develop and maintain relationships with our North Central region Brokers and Customers to write profitable business.

This role will be filled at either the AVP or VP Level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skillset relative to the qualifications listed for this position.

Additional responsibilities will include:

• Proactively seek renewal and new account opportunities.
• Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity. Negotiate Terms & Conditions and close deals.
• Cross-Sell other lines of business to increase product density with the account.
• Update required systems with details of broker/client visits and account status within specified time frame.
• Calculate Target Price accurately by utilizing underwriting tools appropriately.
• Diagnose and develop recommendations to solve unique business unit and customer problems.
• Demonstrate specialized knowledge and expertise in products and industry.
• Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating manuals.
• Work at the highest authority limits on assignments utilizing the highest degree of technical complexity and coordination.
  
  

AVP Basic Qualifications:

• High School Diploma or Equivalent and 5 or more years of experience in the Underwriting, Market Facing, Finance, Accounting, or Banking 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 in the Underwriting, Market Facing, Finance, Accounting, or Banking 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
• Knowledge of time restraints for quotes on new and renewal business
• Experience working in a team environment
  
  

OR

VP Basic Qualifications:

• High School Diploma or Equivalent and 7 or more years of experience in the Underwriting, Market Facing, Finance, Accounting, or Banking 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, Market Facing, Finance, Accounting, or Banking 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 Office
  
  

Preferred Qualifications:

• Bachelor’s Degree
• Surety knowledge/experience and knowledge of the legal and regulatory guidelines
• Understanding of structure of broker relationships
• Ability to analyze and understand complicated credit assessments, trends, and strategies
• Investigative skills (curiosity) to develop an understanding of business strategies, trends, complex contracts, assessment of long-term obligations and organizational character among other aspects of our customers
• Ability to coherently articulate these strategies and financial concepts formulating fact-based conclusions and recommendations
• Prior experience managing/growing profitable portfolio of customers
• Negotiation experience with brokers and large, international, and national organizations
• Strong verbal and written communication skills
  
  

At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The compensation indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The combined salary range for this position is $120,000.00- $222,000.00. The proposed salary range for the AVP level is $120,000.00 - $170,000.00, with short-term incentive bonus eligibility set at 15%. For the VP is $172,000.00- $222,000.00, with short-term incentive bonus eligibility set at 20%.

As an insurance company, Zurich is subject to 18 U.S. Code

• 1033.
  
  

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.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Zurich 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 - Schaumburg, AM - Ohio Virtual Office, AM - Wisconsin Virtual Office, AM - Indiana Virtual Office, AM - Michigan Virtual Office

Remote Working: Yes

Schedule: Full Time

Employment Sponsorship Offered: No

Linkedin Recruiter Tag:

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  General Business

• Industries

  Insurance and Financial Services

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Commercial Surety Underwriting Officer (AVP or VP)

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