Underwriter or Underwriting Specialist - Construction Property

Zurich Insurance Group•Chicago, IA

3d•Hybrid

About The Position

Zurich is seeking an experienced Underwriting Specialist - Construction Property to join our Specialties Construction team in either our Chicago or Minneapolis office. While this position will be based out of one of these locations, you will have the flexibility to work on a hybrid basis. You will partner with your manager to set a flexible work schedule that supports you, our customers, and our brokers and agents. This role will require you to be visible in the marketplace to meet with our agents and brokers. We are also open to remote candidates located in Iowa with preference in the Des Moines area. As Construction Property Underwriter, you will handle complex new and renewal Builders Risk and Fixed Property/Inland Marine accounts and serve as a Subject Matter Expert on the team. As a member of Zurich's Underwriting Team, you will enjoy the opportunity to fully apply and hone your underwriting and marketing skills while building relationships with Select Brokers focused in the Midwest region. This role will be filled at either an Underwriter or Underwriting Specialist level. 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.

Requirements

Underwriter – Construction Property Basic Qualifications: High School Diploma or Equivalent and 1 or more years of experience in the Underwriting or Market Facing area. OR High School Diploma or Equivalent and 2 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
Underwriting Specialist – Construction Property Basic Qualifications: High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area or 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 or 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 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

Nice To Haves

Bachelor’s Degree
Strong verbal and written communication skills
Construction Property insurance lines experience

Responsibilities

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 meetings 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.
Serve as key Zurich contact for assigned target accounts.
Calculate Target Price accurately by utilizing underwriting tools appropriately.
Measure exposures/analyze risk.
Service accounts, handles declination's/cancellations.
Anticipate customer needs, monitor trends in order to recommend changes.