Senior Captive Underwriter
Working hours: This role is available on a part-time, job-share or full-time basis
Location: London
The opportunity:
The Zurich Global Employee Benefits Solutions team help multinational companies find the right financing solutions for their global employee benefit plans. From multinational pooling and captive services to innovative global underwriting programs, we offer multinational companies a holistic approach to risk management and financing solutions, maximizing the value of their global employee benefit plans.
We are looking for a motivated and commercially minded Senior Captive Underwriter to join our dynamic and international environment. In this role, you will act as the primary point of contact for any technical topics related to our corporate customers, handling complex new and renewal cases as part of a team of Life, Disability, Accident, and Group Medical underwriters. You will be integral in supporting the sales team in winning new customers, setting up reinsurance arrangements, and offering underwriting support to captives. This position can be based in either Zurich or London, providing a fantastic opportunity to work in a truly global context.
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 the interview about the flexibility you may need.
What will you be doing?
- Contributing to the request for proposal process alongside the sales team, by bringing technical expertise to the ZGEBS proposal.
- Supporting the implementation process for newly acquired captives, by setting-up the reinsurance program, which includes the reinsurance agreement wording and any credit risk related matters.
- Providing professional underwriting support to the captives for the onboarding and renewal of any cases being fronted through the ZGEBS network, while ensuring that the ZGEBS profitability targets are met.
- Using a disciplined approach to risk assessment of new and renewal business of your own portfolio of customers.
- Playing an active role in promoting the ZGEBS captive expertise externally. This means:
- Representing ZGEBS in finalist presentations.
- Exchanging on a regular basis with captive customers.
- Promoting ZGEBS expertise externally, in professional conferences, with employee benefit consultants.
- Developing and enhancing the ZGEBS captive proposition. This will be achieved by listening to the demands of the market and aligning them with the objectives of Zurich. Your expertise will directly shape our global solutions and client satisfaction.
- Evaluating captive protection needs and provide offer in line with ZGEBS profitability and risk appetite.
- Providing wider underwriting support to the ZGEBS underwriting team is expected, such as deputising other underwriters during their absences.
What are we looking for?
- Practical experience in underwriting employee benefit schemes for Life and/or Health business.
- Degree in mathematics, finance or similar.
- Ability to quickly understand and make use of new technical information and analyse datasets used for pricing.
- Strong analytical and technical skills with a high degree of accuracy in the daily work.
- Exceptional problem solving and decision-making abilities.
- A team player, who enjoys working in a dynamic and multi-cultural organisation.
- Proficiency in MS Office applications (including Word, PowerPoint; Excel).
- Strong communication skills. At ease in presenting to and discussing with customers and communicating about technical topics to a wide range of stakeholders, including sales and operation functions and external customers.
- Experience in setting up reinsurance agreements and a good understanding of reinsurance covers would be an advantage.
As an inclusive employer we want to ensure that all candidates feel comfortable and are able to perform at their best during the interview. You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.
What will you get in return?
Everyone’s different. That’s why at Zurich, we offer a wide range of employee benefits so our people can choose what fits them and their life. Our benefits provide real flexibility so our people can make considered choices and tailor their benefits throughout the year. Our benefits include 12% defined non-contributory pension scheme, annual company bonus, private medical insurance and the option to buy up to an additional 20 days or sell some of your holiday.
Follow the link for more information about our benefits - Employee benefits | Working at Zurich Insurance UK
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. #LI-Hybrid
