Private Equity Underwriter, Middle Markets (Senior or AVP)

婵物捨; Chicago (IL); On-site; USD 120,000 - 222,000; Full time

Job summary

An established industry player is seeking a skilled Private Equity Underwriter to enhance their team in Chicago. This hybrid role focuses on developing relationships with brokers and customers while leveraging underwriting expertise to assess risks and provide tailored insurance solutions. Candidates will enjoy a collaborative environment, working alongside various business units to drive growth and success. With competitive compensation and a commitment to career development, this opportunity offers a chance to make a significant impact in the insurance sector. Join a forward-thinking company dedicated to innovation and excellence in service delivery.

Benefits

Comprehensive employee benefits

Career development opportunities

Competitive compensation

Short-term incentive bonuses

Qualifications

• 5+ years in Underwriting or Market Facing area required.
• Strong knowledge of Private Equity underwriting processes.
• Experience working under time constraints for quotes.

Responsibilities

• Develop and maintain relationships with brokers and customers.
• Leverage underwriting skills to maintain a profitable book.
• Collaborate across business units for effective risk management.

Skills

Private Equity Underwriting

Risk Assessment

Exposure Evaluation

Negotiation Skills

Interpersonal Skills

Team Collaboration

Communication Skills

Education

High School Diploma or Equivalent

Associate Degree

Bachelor's Degree

Tools

Microsoft Office

Job description

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’ve been committed to assembling a team of Middle Market leaders and underwriters who understand this space very deeply and who grasp the unique challenges of the various industry segments and the individual customers we serve. 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.

This role will be filled at either the Senior or AVP 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.

Senior Level Required Qualifications:

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

OR AVP Level Required Qualifications:

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

Preferred Qualifications:

• Bachelors Degree.
• Established relationships with Private Equity broker partners.
• Strong verbal and written communication skills.
• Microsoft Office experience.

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 salary 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 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 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
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-AK1 #LI-ASSOCIATE #LI-HYBRID