Underwriting Specialist - Commercial Surety
Company: Zurich Insurance Company Ltd.
Location: Schiller Park
Posted on: March 27, 2026
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Job Description:
Zurich is currently looking to hire an experienced Commercial
Surety Underwriter for our Surety Team in Chicago. The Commercial
Surety Underwriter will work to analyze and underwrite a book of
new and renewal business. Underwriters will use the Zurich Way of
Underwriting Framework within delegated authority levels on highly
complex assignments ensuring a high-level service to customers. In
this role, you will partner with brokers and will utilize strong
sales execution mindset to write profitable business. To bring
leading talent into the organization and foster a culture of
innovation and excellence , we encourage professionals from wide
range of backgrounds and industries to apply and: Join a global
company that gives you an opportunity to collaborate with some of
the best talent in the business Use your risk management,
accounting, and/or finance experience to support the needs of our
customers Have the autonomy and freedom to be successful in your
career Experience a customized training program dedicated to those
new joiners outside of the insurance industry Additional
responsibilities will include: Proactively seek renewal and new
account opportunities. 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. Make agent/broker/customer and on-sight
calls with a planned and well-prepared purpose. Negotiate Terms &
Conditions and close deals. Cross-Sell other lines of business to
increase product density with the account. Participate in Sales
Team meeting as related to assigned brokers and / or territory.
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
contact for assigned target accounts. Develop strong broker and
client networks as related to industries underwritten by Business
Unit. Contribute to development of u/w manuals, programs and
guidelines. Lead complex technical or long-term (over 6 months)
business projects to implement new or changed systems, programs or
products Investigate, recommend and implement leading edge
technical solutions when they meet customer needs Required
Qualifications: High School Diploma or Equivalent and 3 or more
years of experience in the Underwriting, Finance, Accounting,
Banking. or Market Facing area OR High School Diploma or Equivalent
and 6 or more years of experience in the Claims or Underwriting
Support area Zurich Certified Insurance Apprenticeship program
including an Associate Degree and 1 or more years of experience in
the Underwriting, Finance, Accounting, Banking. or Market Facing
area OR Zurich Certified Insurance Apprentice including an
Associate Degree and 4 or more years of experience in the Claims or
Underwriting Support area AND Knowledge of line/s of business and
the legal and regulatory guidelines Knowledge of time restraints
for quotes on new and renewal business Experience with Microsoft
Office Preferred Qualifications: Experience handling Large
Commercial Accounts Highly preferred In-depth knowledge of Surety
line/s of business and the legal and regulatory guidelines Highly
preferred Knowledge of time restraints for quotes on new and
renewal business Bachelor’s Degree Strong verbal and written
communication skills Microsoft Office experience Ability to
effectively assess risk Strong negotiation skills 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 proposed Salary range for this
position is $75,000.00 - $125,000.00, with short-term incentive
bonus eligibility set at 10%. 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 - Chicago Remote Working: Hybrid Schedule: Full
Time Employment Sponsorship Offered: No Linkedin Recruiter Tag:
LI-WL1 LI-ASSOCIATE
Keywords: Zurich Insurance Company Ltd., Hammond , Underwriting Specialist - Commercial Surety, Accounting, Auditing , Schiller Park, Indiana
