Assistant Underwriting Manager / Senior Underwriter (Financial Lines / Commercial Insurance)

Job Summary

• Support the team leader on portfolio performance of Financial Lines businesses
• Develop and maintain strong relationships with local and international brokers and other distributors in support of business retention and acquisition
• Assist in formulating and executing underwriting plans for Financial Lines products and service strategy for these product lines
• Underwrite and analyze new and renewal business within delegated authority levels

Job Accountabilities:

• Support the Head of Financial Lines on portfolio performance of the Commercial Insurance Division for Financial Lines businesses
• Develop and maintain strong relationships with brokers and other distributors in support of business retention and acquisition
• Work with customers and distributors to determine their insurance related needs and provide solutions
• Assist in formulating and executing underwriting plans for Financial Lines businesses, as well as sales and service strategy for these product lines
• Underwrite and analyze new and renewal business of Financial Lines within delegated authority levels
• Responsible for Business Development and market facing activities with key distribution partners, including International and local brokers and agency channels
• Apply the framework of Underwriting elements for new business & renewals; handling assigned accounts and works within delegated authorities
  • Measure exposure and analyze risk
  • Determine the technical price according to agreed pricing process
  • Quote and set coverage
  • Negotiate terms & conditions
• Contribute to development and execution of Zurich’s strategy; 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; Implementing agreed technical standards, controls, practices and procedures, thereby maintaining underwriting discipline
• Timely update and proactively manage and improve the pipeline
• Contribute ideas and work for the development of new or enhanced propositions based on technical, customer and distributor insights

Job Qualifications

• Bachelor’s Degree or typically hold or working towards relevant professional qualification such as ACII
• Minimum 3 - 5 years of underwriting experience in domestic or international underwriting with strong preference for Financial Lines products, including D&O, Crime, PI and Cyber, etc.
• Practical market-facing underwriting experience
• Commercial and practical experience with data visualization, dashboard, and report development will be an advantage
• Added preference for skills in structuring multinational insurance business in a compliant manner
• Knowledge of major legal & regulatory issues in Financial Lines in Hong Kong and to some extent in overseas markets are added advantage
• Experience in servicing multinational/ complex accounts with large/ key brokers
• Fluency in English and Cantonese; Mandarin-speaking an added advantage
• Negotiation, influencing and selling skills
• Ability to develop relationships with key business partners
• Pipeline management and new business development
• Ability to build trust-based business relationships with customers and producers.
• Open mind to try new ways and alternative approaches of doing things
• Self-starter, proactive, results and execution oriented

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? 

We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great! 
Join us as we constantly explore new ways to protect our customers and the planet.
 

• Location(s):  HK - Hong Kong, HK - Remote Work 
• Remote working: Hybrid