VP, Workers Compensation Technical Director

Zurich North America is currently looking for an experienced VP, Workers Compensation Technical Director. This position reports to the Casualty Technical Director and our preference is for the individual to be located in our Schaumburg, IL or New York NY office but we will consider one of our other Zurich offices with business travel expected.

The VP, Workers Compensation Technical Director is responsible for managing a team, and establishing Zurich North America underwriting standards, driving underwriting guidelines and appetite, defining authority levels, and monitoring underwriting actions. S/he provides insights, underwriting knowledge, and supports product development across business units.

This leader will utilize their expertise to manage, design and drive diverse multidimensional strategies for our Workers Compensation book of business. S/he will work closely with our Global Colleagues and Business Unit Heads of Underwriting to deliver portfolio quality and performance measurements, technical underwriting strategies, product management and pricing that support the achievement of the financial plans for our market-facing units. We are looking for a leader with strong influencing and leadership skills and the ability to cultivate portfolio insights and actionable underwriting plans.

Key Accountabilities:

• Lead the delivery technical underwriting services necessary to support successful Workers Compensation underwriting to drive expected financial results in North America.
• Produce results and achieve profits by providing business unit support for developing, implementing and monitoring business plans.
• Develop, negotiate and implement strategic operational plans to support BU goals; provide input to Workers Compensation underwriting strategies for all North American portfolios with Workers Compensation exposures.
• Regularly monitor opportunities and risks associated with changes in direction of external environment, looking forward 5 years.
• Determine which emerging issues (internal and external) are relevant to current and future needs and ensure strategies, programs, processes incorporate these.
• Ensure that appropriate documentation, implementation and communication of established policy, procedures and operating standards is completed for area of responsibility.
• Optimize allocation of resources and launch common products, projects, investments in Workers Compensation that meet business unit needs.
• Identify and evaluate Workers Compensation underwriting activities to identify potential risks and issues of non-compliance.
• Participate or may lead risk assessment for their area of responsibility and escalates potential issues to higher management.
• Ensures consistent and enhanced underwriting across the assigned LoB to maintain or improve underwriting performance.
• Describes, encourages and enforces a rigorous underwriting process and procedure monitoring system.
• Ensures effective leadership and management of Underwriting people resources: pursuing active talent management, driving capability development and creating a high-performance culture.
• Monitors framework for underwriting decisions e.g. authority grants, referrals, technical underwriting reviews.
• Responsible for design and implementation of rating and pricing tools and methodologies.
• Provides underwriting insight for underwriting tools.
• Develops, promotes and maintains strategic partnerships both internally and externally.
• Leads and manages the LoB underwriting strategy for product development in close collaboration with the business units and the Product Management team.
• Drives standardization and simplification of product, process and tools across the LoB wherever feasible.
• Identify Workers Compensation Technical training and develops relational Workers Compensation training framework.
• Oversees underwriting engagement with industry and regulatory bodies.
  
  

Basic Qualifications:

• Bachelor’s Degree and 10 or more years of experience in Property & Casualty Commercial Underwriting in the Commercial Insurance Industry AND
• Experience operating in different business cultures
• Supervisory or management experience
• Workers Compensation lines of business experience
  
  

Preferred Qualifications:

• Advanced and in-depth knowledge of Workers Compensation lines of business
• Experience with Workers Compensation State Boards of Insurance and the National Council on Compensation Insurance
• Portfolio management, underwriting, product underwriting, product development, risk selection and pricing experience
• Strong people management experience including development of talent
• Experience building and implementing key strategies
• Strong influencing, collaboration, conflict resolution, and presentation skills
• Executive presence and the ability to interact across all levels of the organization
• Ability to manage vision and purpose, lead the organization through innovative and creative thinking
  
  

Compensation for roles at Zurich varies depending on a wide array of factors including but not limited to the specific office location, role, skill set, and level of experience. As required by local law, Zurich provides in good faith a reasonable range of compensation for roles. For additional information about our Total Rewards, click here . Other rewards may include short term incentive bonuses and merit increases. Candidates with salary expectations outside of the range are encouraged to apply, and will be considered based on experience, skill, and education. The starting salary range for this position is $193,700 - $280,300.

As a condition of employment at Zurich, employees must adhere to any COVID-related health and safety protocols in place at that time ( https://www.zurichna.com/careers/faq ).

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Location(s): AM - Schaumburg, AM - New York

Remote Working: Hybrid

Schedule: Full Time

Employment Sponsorship Offered: No

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