Executive Underwriter F&I

Zurich Insurance Company Ltd.•Overland Park, KS

62d•$75,000 - $165,000•Hybrid

About The Position

Zurich Direct Markets BU is seeking an Underwriting Specialist OR Executive Underwriter for our Finance and Insurance (F&I) Underwriting team located in Overland Park, Kansas. Direct Markets specializes in offering F&I products and solutions to the automotive industry. This role has the flexibility of a hybrid work schedule with three in-office days per week (M-W). This role will be filled at either the Level II or Level III. 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. Purpose: Analyze and underwrite new and existing F&I business to support the portfolio's long-term growth and profitability while delivering excellent service to our customers and the sales organization. As part of our team, you'll play a key role in supporting Zurich's financial objectives and reputation for reliability and forward-thinking solutions.

Requirements

Underwriting Specialist:
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
OR
Executive Underwriter:
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

Nice To Haves

Bachelor's degree
Master's Degree
Professional designations (e.g., CPCU, ARe, or equivalent) are a plus
Strong analytical and decision-making skills, with a solid grasp of risk assessment
Sales execution mindset
Creative problem-solving skills
Technologically sophisticated
Experience in data querying and analysis
Excellent communication and relationship-building abilities
Proven ability to work independently and manage multiple priorities
Proficiency with underwriting systems and Microsoft Office Suite
Technical knowledge of Finance and Insurance product offerings and marketing model

Responsibilities

Make sound underwriting decisions within assigned authority, ensuring both profitability and customer retention.
At an account-level, analyze and underwrite new and existing F&I business, working independently under general direction, within delegated authority levels.
Qualify accounts to meet the organization's Underwriting appetite
Calculate target pricing by utilizing underwriting tools and models appropriately
Understand and analyze risk
Negotiate pricing and other terms with the sales organization to close the deal
Service accounts, handle declinations/cancellations
Review detailed Dealer Product Questionnaire (DPQ) with key Sales personnel for accurate setup, implementation and to identify growth opportunities
Update and maintain key applications with rating and other pricing variables
Work with internal teams to ensure accurate and complete onboarding
Maintain accurate documentation for all underwriting activities.
Support the organization's sales culture by serving as a key contact for assigned territory.
Provide technical advice that enables Sales and customers to solve problems and/or improve business.
Anticipate customer needs and monitor trends to recommend changes.
Proactively manage a portfolio of accounts, addressing customer needs and supporting retention.
Apply rating tools and methodologies to own work area to deliver to customers and offer suggestions for improvements.
Prepare and review contracts.
Calculate settlement offers.
Business Travel, as required
Extended Hours during peak periods and as required
Regular Predictable Attendance including in-office on team days (Mon-Wed)
Develop and maintain relationships with the Sales organization, collaborating on proposals and general business needs, in support of business acquisition, retention and profitability.
Data querying and reporting to support internal and customer requests.
Perform analysis of underwriting profitability and identify trends.
Lead and facilitate periodic account reviews for assigned territory.
Contribute to continuous improvement by sharing insights and participating in team initiatives.
Attend and participate in virtual and in-person sales team meetings with a planned and well-prepared purpose.
Assess complex customer cases, evaluate their unique needs and apply technical techniques and know-how to recommend a solution.
Build relationships with customers by handling a range of queries and provide advice with the development of an account to create additional value for the organization and customers.
Research primary data sources, select relevant information, analyze key themes and trends and make recommendations supporting operational decision making.
Analyze risk data and market trends to support business growth and sustainability.
Analyze department needs, develop and recommend alternatives for improvements to processes, customer service or products.
Monitor and review work undertaken across a number of small to medium scale projects or a large complex project in order to ensure appropriate use of resources and adherence to schedules.
Provide advisory services to colleagues daily, measuring exposure and analyzing risk in order to provide appropriate coverage that meets the organization's risk and compliance processes.
Take action to manage ongoing personal development.
Model behaviors that demonstrate commitment to corporate values.
Educate team members and business partners in technical expertise.
Provide guidance and support for team members.