Underwriter - Financial Lines

Job Description

Job SummaryZurich is one of the world?s leading insurance groups, and one of the few to operate on a global basis. Our mission is to help our customers understand and protect themselves from risk. With around 55,000 employees serving customers in more than 210 countries and territories, we aspire to become the best global insurer as measured by our shareholders, customers and employees. We help individuals, small and medium sized companies and global corporations around the world understand and protect themselves from risk by offering a wide range of insurance products, solutions and advisory services.We are looking for an Underwriter - Financial Linesto join and play a key role in our Middle East Team. Reporting to the Head of Specialty Lines, this individual will analyze and underwrite new and renewal business, under general direction, utilizing The Zurich Way of Underwriting Framework within delegated authority levels on assignments of higher technical complexity ensuring a high level service to customers.Job Accountabilities As Underwriter, your role will involve:

• 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.
• Proactively seek renewal and new account opportunities whilst ensuring to 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.
• Qualify accounts to meet with the organizations appetite, balanced with sound business opportunity.
• Make broker/customer and on-sight calls with a planned and well-prepared purpose
• Cross-Sell other lines of business to increase product density with the account
• Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to effective date.
• Update required systems with details of broker / client visits and account status within specified time frame.
• Serve as key Zurich contact for assigned target accounts.
• Calculate Target Price accurately by utilizing underwriting tools appropriately.
• Measure exposures/analyze risk.
• Quote and set coverage, negotiate terms and conditions.
• Service accounts, handles declinations/cancellations.
• Participate in marketing presentations to assigned agents/brokers.
• Provide technical advice that enables a customer to solve a problem or improve business.
• Anticipate customer needs, monitor trends in order to recommend changes.
• Analyze needs, develop and recommend alternatives for improvements to processes, customer service or products.
• Lead short-term (3 to 9 months) defined scope projects.

Job QualificationsTo be successful in this role, you will need:

• Bachelors degree (or equivalent) and 4 or more years of experience in related field
• Demonstrated technical knowledge and skills reflective of progression of positions of increasing responsibility.
• Excellent communication and negotiation skills.
• In-depth knowledge of line(s) of business and the legal and regulatory guidelines.
• Ability to effectively assess risk.
• Strong knowledge of underwriting philosophy, techniques, national/local filing, regulations and guidelines. Superior skills in relationship building, active listening, needs analysis and win-win negotiating.
• Solid knowledge of processing methods and workflow procedures, and knowledge of insurance underwriting and regulations for assigned territories.
• Strong Understanding of Financial Statements and how to interpret them

Why ZurichAt Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?We are an equal opportunity employer who knows that each employee is unique - that?s what makes our team so great!Join us as we constantly explore new ways to protect our customers and the planet.

• Location(s): AE - Dubai
• Remote working: No
• Schedule: Full Time
• Recruiter name: Leigh Jeremy Jaye Santander

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