Senior Underwriter / Underwriting Specialist

Zurich Insurance Company Ltd. • Toronto, ON

4d • CA$92,300 - CA$151,400 • Hybrid

About The Position

Zurich Canada is seeking a Senior Underwriter to analyze and underwrite new and renewal business. This role operates under general direction, utilizing The Zurich Way of Underwriting Framework within delegated authority levels on assignments of higher technical complexity, ensuring a high level of service to customers. This is a unique opportunity to build knowledge and experience in a supportive environment. Zurich Canada uses AI-enabled tools for initial application review, but all hiring decisions are made by qualified hiring professionals. This position follows a hybrid work model, requiring three days per week of in-person presence, which may include office time or market-facing engagements.

Requirements

• High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area.
• For SURETY POSITIONS ONLY: Finance, Accounting, Banking.
• For Financial Lines positions only- Public, Management Liability and FI: Accounting, Banking, Risk Management.
• For Cyber positions only: Cybersecurity, Finance, Management Consulting.
• For CONSTRUCTION POSITIONS ONLY: Banking, Mortgage, Finance, Construction
• 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.
• For SURETY POSITIONS ONLY: Finance, Accounting, Banking.
• For Financial Lines positions only-Public, Management Liability and FI: Accounting, Banking, Risk Management.
• For Cyber positions only: Cybersecurity Sales, Contract / Vendor Management.
• For CONSTRUCTION POSITIONS ONLY: Banking, Mortgage, Finance, Construction
• OR Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or Underwriting Support area.
• 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.

Nice To Haves

• Bachelors Degree
• Strong verbal and written communication skills

Responsibilities

• Underwrite and analyze new and renewal business utilizing The Zurich Way of Underwriting framework and within delegated authority levels on assignment of higher technical complexity and coordination.
• Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating annual rules.
• Develop, maintain & collaborate with Line of Business representatives on referrals and other business related needs, as appropriate.
• May provide guidance to lower level associates.
• Develop and maintain relationships with distributors (agents & brokers) in support of business retention and acquisition and works with customers and distributors (agents & brokers) to determine their insurance related needs and provide solutions.
• Supports the sales culture by being a Help Point for agents, brokers and customers.
• Proactively seek renewal and new account opportunities.
• Complete detailed opportunity assessment with key distributors to identify growth opportunities.
• Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity.
• Make broker/customer and on-sight calls with a planned and well-prepared purpose.
• Negotiate Terms & Conditions and close deals.
• Cross-Sell other lines of business to increase product density with the account.
• Participate in Sales Team meeting as related to assigned brokers and / or territory.
• Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to effective date.
• Update required systems with details of broker / client visits and account status within specified time frame.
• Serve as key Zurich contact for assigned target accounts.
• Calculate Target Price accurately by utilizing underwriting tools appropriately.
• Measure exposures/analyze risk.
• Quote and set coverage, negotiate terms and conditions.
• Service accounts, handles declination's/cancellations.
• Participate in marketing presentations to assigned agents/brokers.
• Provide technical advice that enables a customer to solve a problem or improve business.
• Develop and maintain positive customer relationships by meeting regularly with customers when no specific initiative is underway.
• Anticipate customer needs, monitor trends in order to recommend changes.
• Analyze needs, develop and recommend alternatives for improvements to processes, customer service or products.
• Lead short-term (3 to 9 months) defined scope projects.

Benefits

• The salary range 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.
• As required by local law, Zurich provides in good faith a reasonable range of compensation for roles.
• Compensation may exceed the range listed based on the evaluation of skillset and experience.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED