Life Sciences Underwriter (Mid-Senior - Senior)

Zurich 56 Company Ltd; Oregon (IL); Hybrid; USD 90,000 - 165,000; Full time

Job summary

An established industry player is seeking a skilled Life Sciences Underwriter to join their dynamic Middle Market team. This exciting role offers the opportunity to advocate for the life sciences industry, enhance customer experiences, and provide tailored insurance solutions. As a key member, you will leverage your analytical skills and underwriting expertise to assess risks and develop strong relationships with brokers and clients. With a focus on innovation and collaboration, this position promises a rewarding career path in a hybrid work environment, where your contributions will directly impact the success of the organization. If you are passionate about making a difference in the insurance landscape, this role is perfect for you.

Qualifications

• 3+ years of experience in Underwriting or Market Facing area required.
• Strong knowledge of life sciences underwriting and regulatory guidelines.

Responsibilities

• Drive informed decisions using risk insights and data for Life Science underwriting.
• Collaborate with teams to enhance customer experience and solutions.

Skills

Analytical Skills

Underwriting Skills

Risk Assessment

Communication Skills

Relationship Building

Negotiation Skills

Education

Bachelor’s Degree

High School Diploma or Equivalent

Associate Degree

Tools

Microsoft Office

Job description

Life Sciences Underwriter (Mid-Senior - Senior)

Zurich is currently hiring an experienced Life Sciences Underwriter to join the Middle Market team in NY. Middle Markets is a key business segment within Zurich North America and we are focused on attracting top customer advocates who possess a sales mindset, strong technical underwriting skills, and solution-focused problem-solving abilities.

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

Responsibilities include:

• Serving as a Life Science industry practice advocate with a focus on improving the customer experience by understanding their risk and offering the best end-to-end solution for their insurance needs.
• Using a disciplined approach to exposure evaluation, risk assessment, and pricing.
• Using risk insights, data, and models to drive informed decisions at the point of sale.
• Assisting in the refinement of underwriting guidelines for life science exposures.
• Identifying gaps in customer’s programs and aligning Zurich’s products and value proposition to offer a solution that provides the contract certainty the customer needs.
• Demonstrating strong analytical skills and executing as an innovative advisor.
• Underwriting, analyzing, and generating new and renewal business for Life Science risks.
• Demonstrating strong coverage analysis skills and understanding and ability to communicate life science defenses and exposure analysis for product liability.
• Market facing and production within the growing Middle Markets division.
• Collaborating with multiple groups within Zurich to build knowledge and understanding of life science exposures, controls, market requirements, and opportunities.
• Administering and monitoring underwriting rules and guidelines, insurance laws and regulations, and rating manual rules.
• Developing and maintaining agency and broker relationships.
• Working within broad limits and authorities on highly complex assignments.

Mid-Senior Middle Markets Underwriter Basic Qualifications:

• High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area.
• OR High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support area.
• OR Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Underwriting or Market Facing area.
• OR Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or Underwriting Support area.
• AND Knowledge of line/s of business and the legal and regulatory guidelines.
• Knowledge of time restraints for quotes on new and renewal business.
• Experience with Microsoft Office.

Senior Middle Markets Underwriter Basic Qualifications:

• Bachelor’s Degree.
• Knowledge of Middle Markets Property and Casualty Life Science Underwriting.
• 5 or more years of experience underwriting Life Science product liability on a primary basis.

Preferred Qualifications:

• Existing broker relationships in East Coast region.
• Strong verbal and written communication skills.
• Strong relationship building, active listening, needs analysis, and win-win negotiating skills.
• Knowledge of underwriting philosophy, techniques, national/local filing regulations, and guidelines.

Compensation 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. The combined salary range for this position is $90,000.00 - $165,000.00. The starting salary range for the Mid-Senior Middle Markets Underwriter is $90,000.00 - $135,000.00 and for the Senior Middle Markets Underwriter is $115,000.00 - $165,000.00.

Location(s): AM - New York Virtual Office
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No