Private Equity Underwriter, Middle Markets (Senior or AVP)

Zurich 56 Company Ltd; Chicago (IL); Hybrid; USD 120,000 - 222,000; Full time

Job summary

An established industry player is seeking a Private Equity Underwriter to join their dynamic team in Chicago. This role offers a unique opportunity to work in a hybrid environment, focusing on enhancing customer experience by assessing unique risks and providing tailored insurance solutions. You will collaborate with various business units, utilizing your technical underwriting and negotiation skills to foster relationships with brokers and partners. Join a company that values diversity and innovation, and be part of a team that has consistently achieved double-digit growth, making a significant impact in the Private Equity insurance sector.

Qualifications

• 5+ years of experience in Underwriting or Market Facing roles.
• Strong knowledge of Private Equity and claims support.

Responsibilities

• Develop and maintain relationships with brokers and customers.
• Leverage underwriting acumen to manage a profitable book of business.

Skills

Underwriting

Risk Assessment

Exposure Evaluation

Negotiation Skills

Interpersonal Skills

Communication Skills

Education

High School Diploma or Equivalent

Associate Degree

Tools

Microsoft Office

Job description

Private Equity Underwriter, Middle Markets (Senior or AVP)

Zurich North America is hiring a Private Equity Underwriter, Middle Markets (Senior or AVP) to join our team! Zurich Middle Markets has delivered double-digit growth over the last four consecutive years, and we strive to exceed that growth in the years ahead! We are looking to add to our Private Equity team in the Chicago IL Office and hire an experienced Private Equity Underwriter. In this role, you will serve as a customer advocate with a focus on improving the customer experience by understanding their unique risks and offering the best end-to-end solution for their Middle Markets Private Equity insurance needs.

This position is a hybrid working opportunity based out of our Chicago IL office.

What you can expect in a Private Equity Underwriting Position in Middle Markets at Zurich:

• You will develop and maintain relationships with brokers, partners, and customers across all industries in support of business objectives.
• You will leverage your Private Equity underwriting acumen across risk assessment, exposure evaluation, and pricing to generate and maintain a profitable book of new and renewal business.
• You will work collaboratively across business units including but not limited to claims, finance, risk engineering, actuary, and technical underwriting while gaining extensive knowledge in a growing and innovative industry.
• You will be empowered to use your technical underwriting, negotiation, and interpersonal skills to grow and develop relationships with preferred distribution partners in an assigned territory.

Required Qualifications:

Senior Level:

• High School Diploma or Equivalent and 5 or more years of experience in the Underwriting or Market Facing area.
• High School Diploma or Equivalent and 10 or more years of experience in the Claims or Underwriting Support area.
• Zurich Certified Insurance Apprentice including an Associate Degree and 3 or more years of experience in the Underwriting or Market Facing area.
• Zurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area.
• Knowledge of Microsoft Office.
• Experience working on time restraints for quotes on new and renewal business.
• Experience working in a team environment.

AVP Level:

• High School Diploma or Equivalent and 7 or more years of experience in the Underwriting or Market Facing area.
• High School Diploma or Equivalent and 14 or more years of experience in the Claims or Underwriting Support area.
• Zurich Certified Insurance Apprentice including an Associate Degree and 5 or more years of experience in the Underwriting or Market Facing area.
• Zurich Certified Insurance Apprentice including an Associate Degree and 12 or more years of experience in the Claims or Underwriting Support area.

Preferred Qualifications:

• Established relationships with Private Equity broker partners.
• 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. The combined salary range for this position is $120,000.00 - $222,000.00. The proposed salary range for the Senior Level is $120,000.00 - $170,000.00, with short-term incentive bonus eligibility set at 15%. For the AVP Level is $172,000.00 - $222,000.00, with short-term incentive bonus eligibility set at 20%.

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. 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/vet.

Location(s): AM - Chicago
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No