Private Equity Underwriter (Mid-Senior/Senior)

$90,000 - $165,000/Yr

Zurich Insurance - New York, NY

Full-time - Mid Level

Remote - New York, NY

Insurance Carriers and Related Activities

About the position

Zurich is currently seeking an experienced Private Equity Underwriter to join our Middle Markets team in New York City. This position is crucial as Middle Markets is a key business segment within Zurich, and we are focused on attracting top customer advocates who possess a sales mindset, strong technical underwriting skills, and solution-focused problem-solving abilities. As a Middle Markets Underwriter, you will handle complex new and renewal Middle Markets business and serve as a Subject Matter Expert within our Private Equity vertical. This role offers the opportunity to fully apply and hone your underwriting and marketing skills while building relationships with our Preferred Distribution Partners in the Northeast Region. This is an exciting time to join Middle Markets at Zurich! The role will be filled at either the Mid-Senior or Senior level, depending on the selected applicant's experience and skillset relative to the qualifications listed for this position. As a Private Equity Underwriter, you will be responsible for serving as a customer industry advocate, focusing on improving the customer experience by understanding their risk and offering the best end-to-end solution for their insurance needs. You will be accountable for all Private Equity business in the NYC Territory, working closely with our National Industry Practice Leader, and have the ability to grow the book. Your responsibilities will include using a disciplined approach to exposure evaluation, risk assessment, and pricing, as well as utilizing risk insights, data, and models to drive informed decisions at the point of sale. You will identify gaps and align Zurich's products and value proposition to offer solutions that provide the contract certainty the customer needs. Additionally, you will demonstrate strong analytical skills and execute as an innovative advisor, underwriting, analyzing, and generating new and renewal business while administering and monitoring underwriting rules and guidelines, insurance laws and regulations, and rating manual rules. Developing and maintaining agency and broker relationships will also be a key part of your role, as you work within broad limits and authorities on highly complex assignments.

Responsibilities

• Serve as a customer industry advocate focused on improving the customer experience by understanding their risk and offering the best end-to-end solution for their insurance needs.
• Accountable for all Private Equity business in the NYC Territory, working closely with the National Industry Practice Leader and growing the book.
• Use a disciplined approach to exposure evaluation, risk assessment, and pricing.
• Utilize risk insights, data, and models to drive informed decisions at the point of sale.
• Identify gaps and align Zurich's products and value proposition to offer solutions that provide contract certainty.
• Demonstrate strong analytical skills and execute as an innovative advisor.
• Underwrite, analyze, and generate new and renewal business.
• Administer and monitor underwriting rules and guidelines, insurance laws and regulations, and rating manual rules.
• Develop and maintain agency and broker relationships.
• Work within broad limits and authorities on highly complex assignments.

Requirements

• High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area (Mid-Senior).
• High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support area (Mid-Senior).
• Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Underwriting or Market Facing area (Mid-Senior).
• Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or Underwriting Support area (Mid-Senior).
• 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.
• High School Diploma or Equivalent and 5 or more years of experience in the Underwriting or Market Facing area (Senior).
• High School Diploma or Equivalent and 10 or more years of experience in the Claims or Underwriting Support area (Senior).
• Zurich Certified Insurance Apprentice including an Associate Degree and 3 or more years of experience in the Underwriting or Market Facing area (Senior).
• Zurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area (Senior).
• 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
• Private Equity Middle Markets Underwriting experience in the Northeast Region
• Ability to effectively assess risk
• Strong negotiation skills
• Strong retail broker relationships
• Superior skills in relationship building, active listening, needs analysis, and win-win negotiating
• Excellent oral and written communication skills
• Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines
• PC and related software skills
• CPCU and ARM a plus

Benefits

• Comprehensive employee benefits package for employees and eligible dependents
• Competitive compensation
• Short term incentive bonuses and merit increases
• Ongoing career development opportunities
• Diversity and inclusion initiatives
• Flexible working arrangements