What are the responsibilities and job description for the Commercial Surety Underwriting Officer (Account Executive or AVP Level) position at Zurich Insurance Company Ltd.?
Zurich North America is looking for a Commercial Surety Underwriting Officer (Account Executive or AVP Level) to join our Commercial Surety team within on of the following locations : Virtual IL, Chicago, Cincinnati, or Kansas City.
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 Account Executive or AVP. 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.
Account Executive Basic Qualifications :
AVP Basic Qualifications :
Preferred Qualifications :
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. For additional information about our Total Rewards, Click here . Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. The salary provided is a nationwide market range and has not been adjusted for the applicable geographic differential associated with the location where the position may be filled. The combined salary range for this position is $94,000.00 - $170,000.00. The proposed salary range for the Account Executive is $94,000.00 - $139,000.00 with short-term incentive bonus eligibility set at 10%. F or the AVP is $120,000.00 - $170,000.00, with short-term incentive bonus eligibility set at 15%.
As an insurance company, Zurich is subject to 18 U.S. Code § 1033.
As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( https : / / www.zurichna.com / careers / faq ).
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.
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. Taken together, diversity and inclusion bring us closer to our common goal : exceeding our customers’ expectations. 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
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 - Cincinnati, AM - Illinois Virtual Office, AM - Kansas Virtual Office
Remote Working : Hybrid
Schedule : Full Time
Employment Sponsorship Offered : No
Linkedin Recruiter Tag : #LI-KJ1 #LI-ASSOCIATE
Salary : $94,000 - $139,000
