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Underwriting Specialist/ Executive Underwriter - Zurich E&S

Zurich NA

Chicago, IL · HybridFull-time$75–165K/yrSeen 2w agoSeen in employer's feed 3 days ago

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At a glance

Compensation
$75–165K/yr
Location
Chicago, ILHybrid
Schedule
Full-time
Work Authorization
Not specified

Olive lists jobs from US employers, including remote roles you can work from the United States.

Job overview

Zurich is hiring an experienced underwriter for its Wholesale Financial Lines team, focused on financial institution risks and the wholesale broker channel. The role includes underwriting, financial analysis, portfolio management, and market-facing work, with contributions to product development, marketing, and fulfillment. It may be filled at the Underwriting Specialist or Executive Underwriter level, based on the applicant’s experience and skillset.

Skills & qualifications

RequiredNice to have

Skills

Financial AnalysisUnderwritingFinancial Institution RisksKnowledge of Lines of BusinessLegal and Regulatory GuidelinesKnowledge of Quote Time RestraintsMicrosoft OfficeE&O and Cyber ProductsWholesale Broker RelationshipsService OrientationResponsivenessNegotiationVerbal CommunicationWritten Communication

Qualifications

High School Diploma or Equivalent3+ Years Underwriting or Market Facing, 6+ Years Claims or Underwriting SupportZurich Certified Insurance Apprentice With Associate Degree and 1+ Years Underwriting or Market Facing, or 4+ Years Claims or Underwriting Support5+ Years Underwriting or Market Facing, 10+ Years Claims or Underwriting SupportZurich Certified Insurance Apprentice With Associate Degree and 3+ Years Underwriting or Market Facing, or 8+ Years Claims or Underwriting SupportBachelor's Degree

Full job description

Underwriting Specialist/ Executive Underwriter - Zurich E&S

137506

Zurich is currently looking to hire an experienced Underwriter to join our Wholesale Financial Lines team! This position is dedicated to the wholesale broker channel and presents a great opportunity to join our Financial Institution team in one of the following office locations: New York, or Chicago!

In this role, you will underwrite and perform financial analysis across financial institution risks. The position will have technical, transactional and market facing responsibilities; and it will also make contributions in the areas of product/proposition development, marketing, fulfillment, and portfolio management.

Responsibilities include:

  • Generating, underwriting, and analyzing financial institution new and renewal policies.

  • Market facing and production with wholesale brokers.

  • Administering and monitoring underwriting rules and guidelines, insurance laws and regulations and rating manual rules.

  • Working within broad limits and authorities on highly complex assignments.

  • Managing a portfolio of accounts and developing a pipeline of business.

  • Collaborating and cross selling with other stakeholders and lines of business within Zurich.

This role will be filled at either an Underwriting Specialist OR Executive Underwriter level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skillset relative to the qualifications listed for this position.

Underwriting Specialist Basic Qualifications:

  • High School Diploma or Equivalent and 3 or more years of experience in the Underwriting or Market Facing area.OR

  • High School Diploma or Equivalent and 6 or more years of experience in the Claims or Underwriting Support areaOR

  • Zurich Certified Insurance Apprentice including an Associate Degree and 1 or more years of experience in the Underwriting or Market Facing areaOR

  • Zurich Certified Insurance Apprentice including an Associate Degree and 4 or more years of experience in the Claims or Underwriting Support areaAND

  • 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

OR

Executive Underwriter Basic Qualifications:

  • High School Diploma or Equivalent and 5 or more years of experience in the Underwriting or Market Facing areaOR

  • High School Diploma or Equivalent and 10 or more years of experience in the Claims or Underwriting Support areaOR

  • Zurich Certified Insurance Apprentice including an Associate Degree and 3 or more years of experience in the Underwriting or Market Facing areaOR

  • Zurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or Underwriting Support area

Preferred Qualifications:

  • Bachelor’s degree

  • Underwriting experience with E&O and Cyber products

  • Established wholesale broker relationships in targeted region

  • Service oriented and responsive

  • Strong negotiation skills

  • Strong verbal and written communication skills

  • Microsoft Office 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 combined salary range for this position is $75,000.00 - $165,000.00. The proposed salary range for the Underwriting Specialist is $75,000.00 - $125,000.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Executive Underwriter is $100,000.00 - $165,000.00, with Global Specialty Incentive Plan bonus eligibility set at 30%.

We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewardshere (https://www.zurichna.com/careers/benefits) .]

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 - New York, AM - Chicago

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

Linkedin Recruiter Tag: #LI-KJ1 #LI-ASSOCIATE #LI-HYBRID

EOE Disability / Veterans

How this job compares

Set against the 812 open Underwriting jobs on Olive Jobs, counted October 28, 2026.

Pay
  • This posting$75–165K/yr
  • Illinois median$105–175K/yr37 salary ranges
  • US median$112–185K/yr586 salary ranges

This range's midpoint, $120K, is 19% below the Illinois median midpoint ($148K) — in the middle half of Underwriting salary ranges in Illinois.

Openings
Olive Jobs lists 43 open Underwriting jobs in Illinois and 812 across the US. 6% of them nationwide are listed as remote or flexible.
Hiring the most in Illinois
Experience
This posting asks for at least 3 years of experience; Underwriting postings that state a minimum ask for 5 years at the median (607 postings).
Education
193 of the 812 open Underwriting jobs (24%) ask for a bachelor's degree or higher.

Counted across the open, public US postings on Olive Jobs on October 28, 2026. Pay medians are the middle values of the low ends and of the high ends of postings that list both ends of a range in the same cadence (a yearly salary or an hourly rate); a range's midpoint is halfway between its ends. Pay and experience figures resting on fewer than 20 postings are left out.

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