Senior Underwriter - Credit & Surety - CorSo
Regular Employment
Locations: Chicago, IL, US | Schaumburg, IL, US
About The Role:
Are you experienced with underwriting and managing an assigned book of business? We are looking for an experienced surety underwriter who will manage agency relationships, market for new business, and assist the Regional Manager with strategic planning. The objective of this role is to achieve minimum loss ratio and maximum profitability for the Credit & Surety Division.
Essential Responsibilities –
- Assess credit risk to ensure profitable underwriting, analyze annual and internal financial statements, and review other relevant credit information for new and existing accounts.
- Drive new business flow with assigned agents.
- Maintain current underwriting files in accordance with the Swiss Re Surety Group Procedure Manual for Commercial Surety.
- Enhance existing agency relationships and identify new agency relationships.
- Establish a consistent visibility plan which would include agency visits, account meetings, and industry events.
- Contribute to the business unit's annual financial goals.
- Maintain a strong working relationship with Claims, Legal, Operations, and Accounting departments.
- Assist the Regional Manager in developing one-to-three-year regional strategic plan.
About You:
- Bachelor's Degree with emphasis in business, preferably finance or accounting, or, the following years of relevant experience in commercial surety underwriting
- 7-10 years to be considered for Senior Underwriter level (VP Level)
- 3-6 years to be considered for Underwriter level (AVP Level)
- Strong marketing and interpersonal skills
- Strong competency in quantitative and financial analysis
- Effective written and verbal communication skills
- Competent computer skills including knowledge of Excel and Word
- Ability to travel up to 35%
Our company has a hybrid work model where the expectation is that you will be in the office three days per week.
The estimated base salary range for the Senior Underwriter level is $156,000 to $234,000. The specific salary offered for this, or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.
About Swiss Re Corporate Solutions
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.
Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.
During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.
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Reference Code: 136251
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