Location: London

Closing date for applications: 15th September 2023

The opportunity:

At Zurich, we are committed to supporting every employee to progress in their careers and therefore encourage internal moves through a transparent posting and selection process. We also ask you to inform your current line manager about your application beyond the first interviews in the spirit of transparency.

As a member of the Commercial Insurance Energy, Marine and Construction team, the Junior Underwriter – Fine Art & Specie will work in an established underwriting team, working on a portfolio of Fine Art, Jewellers Block, General Specie and Cash in Transit risks in accordance with Zurich guidelines.

You will take a solution-oriented approach as you develop your Underwriting career with our Broker partners and our customers. Interaction and cooperation with other Lines of Business as needed to ensure we are able to respond to our customers’ needs.

Many of our employees work flexibly in a variety of different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours. 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.

What will you be doing?

• Working under direction, underwrite and analyse new and renewal business within delegated authority levels of highly complex assignments.
• Willingness to take on new tasks, learn new skillsets
• Administer and monitor underwriting Guidelines whilst complying with insurance laws and Regulations and pricing manuals
• Develop, maintain & collaborate with Line of Business representatives on referrals and other business-related needs, as appropriate.
• Work closely with the Risk Engineering/Claims and Customer Teams as required
• Work with the Finance function and support the financial processing, premium collection, whenever required
• Develop relationships with cedants & brokers in support of business retention and acquisition and provide solutions for their insurance related needs
• 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.
• Learn to Negotiate Terms & Conditions and close deals.
• Cross-Sell other lines of business to increase product density with the account.
• Handle & review large/complex underwriting submissions and annual underwriting reviews.
• Represent Zurich at Internal and external events

What are we looking for?

• Accredited degree or similar Insurance qualifications
• Experience of working for Insurer/Reinsurer on Fine Art & Specie business (or similar technical lines)- preferably based in the UK already.
• Experience working in multicultural/international environment
• Knowledge of insurance policy wordings, equivalent broker and market clauses
• Disciplined approach to exposure evaluation, risk assessment and pricing.
• Additional language skills in addition to English an asset.

Who we are:

At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet.

With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry.

We’ve made a promise to each other and every employee; to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.

If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. Be part of something great.

Our Culture:

At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion, which we’ve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture. We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic.

We’ve an environment that places a real importance on our people’s wellbeing from a physical, mental, social and financial perspective. We work with our wellbeing partners and industry experts to provide the best advice and access to a wealth of lifestyle support. We’re also committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities.

We’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity. Our charitable arm, Zurich Community Trust, is one of the longest-established corporate trusts in the UK. In that time, we’ve awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.