Financial Lines Underwriting Product Specialist - Senior or AVP
Full Time
New York, NY
Posted
Job description
Zurich North America is currently searching for two Product Specialists to support our Financial Institutions and Public and Private Management Liability lines of business to work out of our New York City office. In this exciting role you will use your expertise in Directors & Officers, Employment Practices Liability, Fiduciary, Crime, Fidelity Bond, and Financial Institution E&O insurance products to help construct policies, create coverage enhancements, draft manuscript endorsements and provide coverage guidance to underwriters. The Product Specialists will collaborate with the Product Officers, Market Basket leaders (public, private/not-for-profit, and financial institutions) and other key constituents to create new policy forms and endorsements for our Financial Lines products.
This role is embedded in the Financial Lines Business Unit and ultimately reports up to the Head of Financial Lines for Zurich NA.
The Financial Lines Underwriting Product Specialist - Senior or AVP will be responsible for:
- Leading the development, drafting and implementation of new policy forms, coverage enhancements and manuscript endorsements
- Identifying market standard product opportunities based upon review of competitor forms and industry trends
- Collaborate with Underwriters in responding to coverage requests and draft language for specific transactions and portfolio coverage enhancements
- Works closely with distribution partners and/or risk managers to align on policy wording that addresses their unique exposure(s) in the policy
- Supporting underwriting strategy and product development by incorporating lessons learned from competitor forms and approaches to coverage in new products
- Participating in compliance-related queries, including state regulatory exams and state insurance department inquiries
- Collaborate with various functional areas across the organization, including underwriting, claims, actuarial, legal, marketing, and regulatory compliance in creating products.
This role will be filled at either the Senior or AVP Product Specialist level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.
Basic Qualifications-Financial Lines Underwriting Product Specialist - Senior
- JD and 6 or more years of experience of law practice specializing in the insurance area
OR
Basic Qualifications-Financial Lines Underwriting Product Specialist - AVP
- JD and 7 or more years of experience of law practice specializing in the insurance area
Preferred Qualifications:
- Product Management experience including policy creation and drafting of manuscript endorsements
- Financial Lines product experience including Financial Institutions and/or Public or Private Management Liability
- Compliance and Regulatory experience
- Strong organizational and analytical skills
- Strong verbal and written communication skills
- Regulatory expertise relating to product filings and state required policy provisions is a plus
Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the 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. In New York City, the starting salary range for the Financial Lines Underwriting Product Specialist - Senior position is: $124,100.00 - $170,600.00 and for the Financial Lines Underwriting Product Specialist AVP position is: $167,400.00 - $230,200.00.
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 - New York
Remote Working: Hybrid
Schedule: Full Time
Linkedin Recruiter Tag: #LI-WL1 #LI-HYBRID
Remote Working: Hybrid
Schedule: Full Time
Linkedin Recruiter Tag: #LI-WL1 #LI-HYBRID
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