What are the responsibilities and job description for the Executive Underwriter or AVP, Underwriting Director - Group Captives position at Zurich Insurance Company Ltd.?
Zurich is currently hiring an Executive Underwriter or AVP, Underwriting Director - Group Captives for our Schaumburg HQ! While it is preferred that this position works a hybrid schedule of three days per week of our Schaumburg, IL office, we are open to remote candidates with the U.S.. You will partner with your manager to set a flexible work schedule that supports you, our customers, and our brokers and agents.
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.
This role will be filled at either an Executive Underwriter or AVP, Underwriting Director 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.
Core Responsibilities:
- Proactively seek renewal and new account opportunities for captives
- 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.
- Help with the daily administrative requests that come in on policy maintenance
- Manage broker and captive consultant interactions.
- Serve as a technical resource to less tenured team members.
- Negotiate Terms & Conditions and close deals.
- Participate in Sales Team meetings related to assigned brokers and / or territory
- Measure exposure/analyze risk and pricing on new business.
- Willingness to travel 20% including international travel roughly twice a year
Executive Underwriter – Group Captives 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
OR
AVP, Underwriting Director – Group Captives Basic Qualifications:
-
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
OR -
Zurich Certified Insurance Apprentice including an Associate Degree and 12 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’s Degree
- Construction underwriting experience
- Strong verbal and written communication skills
- Microsoft Office experience
- Established Underwriting/Insurance exposure
- Intermediate insurance level understanding
- Evidence of effective negotiation skills
- Experience handling difficult conversations
Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply—your unique background matters to us. The pay range shown is a national average and may vary by location. The combined salary range for this position is $100,000.00 - 215,000.00. The proposed salary range for the Executive Underwriter is $100,000.00 - $165,000.00, with short-term incentive bonus eligibility set at 15%. The proposed salary range for the AVP, Underwriting Director is $130,000.00 - $215,000.00, with short-term incentive bonus eligibility set at 20%.
We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]
Why Zurich?
At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment—so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25 industries, including 90% of the Fortune 500®.
Join us for a brighter future—for yourself and our customers.
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.
Zurich complies with 18 U.S. Code § 1033.
Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.
Location(s): AM - Schaumburg, AM - Remote Work (US)
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No
Linkedin Recruiter Tag: #LI-JJ1 #LI-ASSOCIATE #LI-REMOTE
Salary : $100,000 - $215,000