Zurich North America
VP or AVP, Captives Underwriting Manager- Middle Market
Zurich North America, Chicago, Illinois, United States, 60290
VP or AVP, Captives Underwriting Manager – Middle Market
Zurich Insurance is currently hiring an experienced AVP or VP Underwriting Manager for our Group Captives Team in our Schaumburg or Chicago office. As one of the leaders in this space, we work together with the largest captives consultants in the U.S. to deliver a wide range of services to member‑owned, agency and other (fronted) captives. Responsibilities
Manage market-facing underwriters who proactively seek renewal and new account opportunities. Identify new growth opportunities with key distributors for areas of responsibility. Oversee negotiations of Terms & Conditions and close deals. Ensure cross‑sell within areas of responsibility to increase product density with the account. Provide continuous coaching on sales best practices. Calculate Target Price accurately by utilizing underwriting tools appropriately. Identify market trends and exposures that may impact business results and work with actuarial to insure a proper rate/price structure. Manage relationships with producers by conducting line-of-business, book-of-business, class and segment analysis to ensure profitability and growth. Market company products and services through agency plant and brokerage community. Support development and maintenance of agent/broker relationships to achieve profitable growth, market share, product mix, new business and account retention. Review agency books of business as well as profit/growth results and trends to recommend and implement action plans. Travel at least 50% internationally. Basic Qualifications
AVP Underwriting Manager: High School Diploma or Equivalent and 7 or more years of experience in the Underwriting or Market‑Facing area, OR High School Diploma or Equivalent and 14 or more years of experience in the Claims or Underwriting Support area, OR Zurich Certified Insurance Apprentice including an Associate Degree and 5 or more years of experience in the Underwriting or Market‑Facing area AND 2 or more years of people‑management experience. VP Underwriting Manager: Bachelor’s Degree and 10 or more years of experience in the Underwriting, Market‑Facing, Broker, Carrier or Risk Management area within the Commercial Insurance industry, OR Bachelor’s Degree with 20 or more years of experience in the Claims or Underwriting Support area within the Commercial Insurance industry AND Experience in a specialized line of business or segment. 2 or more years of people‑management experience. Preferred Qualifications
Bachelor’s Degree. CPCU or ARM. Advanced knowledge of product lines and insurance industry. Excellent communication and relationship‑building skills. Strong presentation skills. Results‑oriented, established underwriting/insurance exposure. Evidence of effective negotiation skills. Portfolio management experience. Compensation
Base salary range: $143,000 – $356,400. Pursued salary range for AVP: $143,000 – $234,300 with short‑term incentive bonus eligibility of 20%; for VP: $217,600 – $356,400 with bonus eligibility of 25%. Additional merit increases may be available. Benefits
Competitive pay and comprehensive benefits for employees and families. Why Zurich?
We value your ideas and experience, offering growth, inclusion and a supportive environment to help shape the future of insurance. Zurich North America leads in risk management, with over 150 years of expertise across 25+ industries, including 90% of the Fortune 500. EEO Statement
Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer (disability/vets). Location & Schedule
Locations: Chicago, IL; Schaumburg, IL. Remote Working: Hybrid. Schedule: Full Time. Employment Sponsorship Offered: No.
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Zurich Insurance is currently hiring an experienced AVP or VP Underwriting Manager for our Group Captives Team in our Schaumburg or Chicago office. As one of the leaders in this space, we work together with the largest captives consultants in the U.S. to deliver a wide range of services to member‑owned, agency and other (fronted) captives. Responsibilities
Manage market-facing underwriters who proactively seek renewal and new account opportunities. Identify new growth opportunities with key distributors for areas of responsibility. Oversee negotiations of Terms & Conditions and close deals. Ensure cross‑sell within areas of responsibility to increase product density with the account. Provide continuous coaching on sales best practices. Calculate Target Price accurately by utilizing underwriting tools appropriately. Identify market trends and exposures that may impact business results and work with actuarial to insure a proper rate/price structure. Manage relationships with producers by conducting line-of-business, book-of-business, class and segment analysis to ensure profitability and growth. Market company products and services through agency plant and brokerage community. Support development and maintenance of agent/broker relationships to achieve profitable growth, market share, product mix, new business and account retention. Review agency books of business as well as profit/growth results and trends to recommend and implement action plans. Travel at least 50% internationally. Basic Qualifications
AVP Underwriting Manager: High School Diploma or Equivalent and 7 or more years of experience in the Underwriting or Market‑Facing area, OR High School Diploma or Equivalent and 14 or more years of experience in the Claims or Underwriting Support area, OR Zurich Certified Insurance Apprentice including an Associate Degree and 5 or more years of experience in the Underwriting or Market‑Facing area AND 2 or more years of people‑management experience. VP Underwriting Manager: Bachelor’s Degree and 10 or more years of experience in the Underwriting, Market‑Facing, Broker, Carrier or Risk Management area within the Commercial Insurance industry, OR Bachelor’s Degree with 20 or more years of experience in the Claims or Underwriting Support area within the Commercial Insurance industry AND Experience in a specialized line of business or segment. 2 or more years of people‑management experience. Preferred Qualifications
Bachelor’s Degree. CPCU or ARM. Advanced knowledge of product lines and insurance industry. Excellent communication and relationship‑building skills. Strong presentation skills. Results‑oriented, established underwriting/insurance exposure. Evidence of effective negotiation skills. Portfolio management experience. Compensation
Base salary range: $143,000 – $356,400. Pursued salary range for AVP: $143,000 – $234,300 with short‑term incentive bonus eligibility of 20%; for VP: $217,600 – $356,400 with bonus eligibility of 25%. Additional merit increases may be available. Benefits
Competitive pay and comprehensive benefits for employees and families. Why Zurich?
We value your ideas and experience, offering growth, inclusion and a supportive environment to help shape the future of insurance. Zurich North America leads in risk management, with over 150 years of expertise across 25+ industries, including 90% of the Fortune 500. EEO Statement
Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer (disability/vets). Location & Schedule
Locations: Chicago, IL; Schaumburg, IL. Remote Working: Hybrid. Schedule: Full Time. Employment Sponsorship Offered: No.
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