Technical Underwriter, Workers Compensation

Zurich 56 Company Ltd; Schaumburg (IL); Remote; USD 130,000 - 213,000; Full time

Job summary

Join a forward-thinking company as a Technical Underwriter specializing in Workers Compensation. In this pivotal role, you will leverage your underwriting expertise to manage diverse strategies, ensuring portfolio quality and performance. Collaborate with global colleagues to implement innovative solutions and lead impactful projects that shape underwriting policies. This is an exciting opportunity to contribute to a leading provider of commercial insurance solutions, where your insights will drive sustainable change and foster a culture of inclusivity and growth. Embrace the chance to make a significant impact in the insurance industry.

Benefits

Comprehensive employee benefits package

Career development opportunities

Inclusive work environment

Competitive compensation

Short-term incentive bonuses

Qualifications

• 8+ years of experience in Underwriting or 10+ years with a High School Diploma.
• CPCU certification preferred.

Responsibilities

• Monitor underwriting strategy and adjust based on performance metrics.
• Lead initiatives for technical underwriting guidelines and best practices.
• Manage complex queries and assist in approval of terms.

Skills

Underwriting expertise

Portfolio management

Strong communication skills

Risk selection

Project management

Analytical skills

Leadership skills

Education

Bachelor's Degree

High School Diploma or Equivalent

Job description

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Technical Underwriter, Workers Compensation

123368

Zurich is currently hiring aTechnical Underwriter, Workers Compensation to join the North America Technical Underwriting team at Zurich North America. The Technical Underwriter will report to the VP, Workers Compensation Technical Director. This is an exciting time to join the North America Technical Underwriting team at Zurich!

This person will utilize their underwriting expertise to manage, designand drive diverse multidimensional strategies for our Workers Compensation book of business. S/he will work closely with our Global Colleagues and Business Unit Heads of Underwriting to deliverportfolio quality and performance measurements, technical underwriting strategies, product management and pricing thatsupport the achievement of the financial plans forour market-facing units.

Key Accountabilities:

• Monitor underwriting strategy relating to performance metrics, data and insights, syndicate findings and adjust underwriting strategy as necessary.
• Act as primary liaison to assigned UW business unit(s), providing transactional and strategic consultation in support of UW initiatives.
• Operate in established Zurich Risk Policy, Global Underwriting Policy and underwriting governance policies, and operationalize the policies into guidelines and best practices.
• Lead initiatives that have a high impact on the development of technical underwriting guidelines, and Best Practices, including controls and procedures.
• Lead various projects, aligning appropriate resources, setting project direction and engage work team with successful outcome.
• Handle the most complex queries and referrals within delegated authority.
• Assist with approval of terms and conditions and Line of Business-wide issues, enabling Underwriters to write profitable business.
• Be responsible for key aspects of portfolio management, including analysis to monitor profitability and growth of specialty areas of business.
• Implement recommendations on aspects requiring change or remedial action.
• Monitor Technical Price accuracy and develop and implement solutions to enhance Technical Price.
• Lead underwriting operational transformation and support a sound governance framework in assigned area.
• Contribute to the development of strategic Line of Business underwriting goals, and underwriting policy for the assigned Line of Business.
• Partner with peer Technical Underwriting members and Business Units to execute underwriting strategy.
• Lead relevant Line of Business projects, partnering with Technical Underwriting and Business Unit team members.
• Participate in Technical Underwriting Reviews, identify trends, and contribute to the development of action plans and agreed upon action items.
• Participate in compliance-related queries, including regulatory exams and insurance department inquiries.
• Act as a subject matter expert in developing underwriting technical training content and deliver technical training.
• Address emerging issues and identify opportunities for growth or change within the specific Line of Business.

Basic Qualifications:

• Bachelor’s Degree and 8 or more years of experience in the Underwriting area OR
• High School Diploma or Equivalent and 10 or more years of experience in the Underwriting area
  

Preferred Qualifications:

• CPCU
• Advanced knowledge of line/s of business and the legal and regulatory environment.
• Strong listening, verbal and written communication skills.
• Advanced knowledge of Workers Compensation lines of business.
• Portfolio management, underwriting, product underwriting, product development, risk selection and pricing experience.
• Ability to navigate through ambiguity.
• Strong influencing, collaboration, conflict resolution, and presentation skills.
• Executive presence and the ability to interact across all levels of the organization.
• Ability to lead the organization through innovative and creative thinking.

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 proposed salary range for this position is $130,000.00 to $213,000.00, 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 - Remote Work (US), AM - Schaumburg
Remote Working: Yes
Schedule: Full Time
Employment Sponsorship Offered:No

Linkedin Recruiter Tag: #LI-MG1 #LI-DIRECTOR