New Business Underwriter - Hybrid

Zurich Insurance Company Ltd; Wexford; Hybrid; EUR 50,000 - 70,000; Full time

Job summary

A leading insurance provider in Wexford is seeking a New Business Underwriter to manage insurance needs through broker partnerships. This role involves underwriting submissions, negotiating terms, and ensuring compliance with policies. The ideal candidate has over three years of experience and strong analytical skills. The position offers flexible work options in a dynamic environment.

Benefits

Flexible working models

Training and development opportunities

Qualifications

• 3 years plus industry knowledge.
• Excellent numerical and analytical skills.
• Ability to operate independently.

Responsibilities

• Underwrite and analyse new business submissions.
• Negotiate terms & conditions with broker partners.
• Manage and prioritise new business pipeline.

Skills

Excellent technical insurance knowledge

Strong negotiation skills

Excellent communication skills

Ability to work within a team environment

Excellent attention to detail

Education

Relevant professional qualifications (CIP, MDI, ACII)

Job description

New Business Underwriter - Hybrid

Zurich Insurance Europe AG, Ireland Branch is looking for a Business Lines New Business Underwriter.

Business Lines New Business Underwriter

The Business Lines New Business Team are responsible for meeting the insurance needs of our Business Lines customers through our broker channel. The New Business Underwriter will be required to work closely with our broker partners and other internal functions such as Head of New Business, Pricing, Line of Business Heads, Claims, Finance, Sales & Distribution and Risk Engineering to ensure all areas of the business are managed in accordance with framework, policies, authority levels and guidelines whilst delivering on our financial plan.

This role may be available part-time or full time. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full-time. Please talk to us at interview about the flexibility you may need.

Your Role

As a Business Lines New Business Underwriter your main responsibilities will include, but not necessarily be limited to, the following:

• Underwrite and analyse new business submissions in adherence with the Zurich Way of underwriting, Zurich risk appetite and within delegated authority levels.


• Negotiating terms & conditions with our broker partners in line with our agreed strategy and target risk appetite whilst nurturing broker relationships.


• Manage and proactively prioritise new business pipeline and work queues, in conjunction with Sales and Distribution, ensuring agreed SLA's are adhered to.


• Continuous engagement with Sales and Distribution, Risk Engineering (when applicable) and broker partners to generate, drive and secure new business opportunities.


• Build relationships in support of customer/business acquisition and retention (e.g. by handling a range of queries, providing advice to assist with the development of an account).


• Implement agreed technical standards, controls, practices and procedures, thereby maintaining underwriting discipline.


• Proactively contribute ideas and work for the development of new or enhanced propositions based on technical, customer and distributor insights, supporting testing, pricing feedback and participating in training where necessary.


• Adhere to Central Bank compliance standards of operating.


• Demonstrate a high level of Quality Assurance in all elements of the underwriting process.


• Ensure any issues arising are dealt with in accordance with Zurich standards and that where appropriate issues escalated in a timely fashion.


• Maintain underwriting records in accordance with regulatory/statutory and internal requirements, using a disciplined approach to exposure evaluation, risk assessment and pricing.


• Identify training opportunities for self and other and assists with training as directed.


• Be flexible to participate in ad hoc projects.


• On occasion, deliver superior service in the management of renewals.

Your Skills and Experience

As a Business Lines New Business Underwriter your skills and qualifications will include:

Required

• 3 years plus industry knowledge


• Holds or is working towards relevant professional qualifications i.e. CIP, MDI, ACII


• Excellent technical insurance knowledge, including specific knowledge in Commercial Insurance


• Excellent numerical and analytical skills


• Excellent knowledge of Zurich products/policy wordings


• Ability to work within a team environment – focused on the achievement of both individual and team goals


• Ability to build key relationships with partners & customers


• Excellent communication skills (both verbal and written)


• Strong negotiation skills


• Excellent planning and organisational skills to manage and prioritise workload and adapt quickly within a fast-faced environment, responding effectively to customer needs and expectations


• A strong team player with a flexible, positive attitude towards work including changes to technology, functionality driven initiatives, and additional/new product lines


• Strong leadership and delegation skills


• Enthusiasm, ambition and innovation


• Ability to operate independently


• Good research skills


• Pro-active with strong problem-solving, decision-making and judgment skills


• Excellent attention to detail, including a strong ability to multitask


• Ability to prioritise workload and to adapt quickly within a busy environment to ensure we respond effectively to customer needs and expectations


• Excellent planning and organisational skills that support a high service standard


• All employees are expected to work in accordance with the behaviours laid out in Zurich Purpose and Values

Additional Information

Primary work location is Dublin or Wexford. Position is Dublin or Wexford-based but occasional travel may be required to other Zurich locations.

If you value an exciting and varied working environment and meet the above requirements, then our recruiter is looking forward to receiving your application by clicking on the button 'Apply online'.

Who we are

Zurich is one of Ireland's leading insurance companies providing a wide range of general insurance and life insurance products and services. The company employs over 1,000 people across its locations in Dublin and Wexford.

Zurich is a strong brand - with our 53,000 employees worldwide form the basis of our success, helping our customers in 210 countries and territories to understand and protect themselves from risk. In order to deliver our services, we offer our employees flexible working models and interesting opportunities for further training & development. As a Zurich employee you benefit from a multitude of advantages as well as a strong culture, characterized by acceptance, diversity and team spirit. At Zurich, we foster a culture of diversity and inclusion. Our purpose and values are designed to protect, inspire confidence and help our employees reach their full potential. We value and defend what is right and promote opportunities for equity among our professionals, regardless of gender, disability, LGBTQ +, race, ethnicity, generations, belief, etc. Join Zurich and be part of this culture. Together we are committed to delivering on our purpose - Let's Create a Brighter Future Together!