Senior US International Reverse Flow Underwriter
Zurich

Zurich is seeking a senior level US International Reverse Flow Underwriter to join our International Operations team in our Schaumburg, IL North America Headquarters. We are also open to hiring someone based in another location and the preference is that they are near a Zurich office.

The opportunity is to provide US underwriting support for incoming received country (RC) business from non-US producing countries. In this model the US RC underwriter will collaborate with the producing underwriter outside of the US pre-bind and post-bind to ensure the US insurance risk is priced adequately and the policy terms and conditions meets the customer needs.

International US received business is ~$650M USD portfolio and the most significant country in the Zurich global network. Given the significant regulatory differences in US, underwriters provide local US insights to the producing country underwriter who will not be as familiar for form, rate, and US market practices. The team is additionally staffed with dedicated underwriting assistants and international specialists.

Responsibilities:

• The US RC underwriter will partner with the producing underwriter for inputs about overall structure, coverage needs, and submission data and ensure we follow US underwriting standards, provide guidance, develop quote proposal(s), and issuance for the US exposure.
• The US RC underwriter will be responsible to support producing countries for a primary line of business with potential for secondary line(s), both guarantee cost and loss sensitive types of accounts to address seasonality of business.
• The US RC underwriter will not have market production responsibilities, although some US broker interaction will be required. Additional opportunity for providing insights and education to brokers and underwriters who write business in the US.
• The US RC underwriter will collaborate with an underwriting assistant and/or international servicing specialist working alongside to support the servicing and processing of the local US policies.
• Preferred candidates have experience in Large Property, or Auto (including Casualty Large or MM) and willingness to be flexible to shape the outcomes needed by customers and effectively collaborate to partner with producing underwriters less familiar with the US coverage and rate trends, and regulatory considerations.
• Ideal candidate will be flexible in thinking, enjoy working with different cultures, and an excellent collaborator.

Basic Qualifications:

• 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

Preferred Qualifications:

• Bachelor Degree
• Technical knowledge of Commercial Lines Underwriting.
• Experience working Internationally
• Experience working with Commercial insurance brokers
• Creative problem solving skills
• Strong verbal and written communication skills
• Strong problem solving and analytical skills

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 starting salary range for this position is $96,300.00 - $157,700.00.

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 - Schaumburg, AM - Chicago
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: Yes

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

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