Underwriting Specialist or Executive Underwriter, Core Contract Surety

Job Summary

Zurich Insurance Company Ltd. is seeking an experienced Underwriting Specialist or Executive Underwriter, Core Contract Surety, to join our Central Pacific Region team in San Francisco, California. This technical, market‑facing role offers a salary of $106,853 per year and involves managing surety contracts across a diverse territory.

Key Responsibilities

• Underwrite and manage core contract surety accounts, ensuring compliance with Zurich’s underwriting guidelines.
• Develop and maintain strong relationships with brokers, agents, and clients within the Central Pacific Region.
• Analyze financial statements, project plans, and risk factors to determine appropriate surety limits and terms.
• Collaborate with internal underwriting teams, claims, and legal to structure complex surety solutions.
• Monitor portfolio performance, conduct regular risk reviews, and adjust pricing as needed.
• Travel up to 20% of the time to meet clients, attend industry events, and support regional business development.
• Provide mentorship and training to junior underwriters and support staff.

Qualifications & Requirements

• Minimum 3‑5 years of experience underwriting surety lines, preferably in core contract surety.
• Strong analytical skills with the ability to assess financial and construction data.
• Excellent communication and negotiation abilities; comfortable presenting to senior stakeholders.
• Proficiency with underwriting software and Microsoft Office Suite.
• Bachelor’s degree in Finance, Business, or related field; professional certifications (e.g., CPCU) are a plus.
• Ability to work independently and as part of a collaborative team.

Location & Travel

This position is based in Zurich’s San Francisco office, with flexibility to work from Walnut Creek or, at the hiring manager’s discretion, the Sacramento region. Expect approximately 20% travel within the assigned territory.

Compensation

Annual salary: $106,853 (fixed). Additional benefits include health insurance, retirement plans, and professional development opportunities.

Frequently Asked Questions

What type of experience is required for this underwriting role?

Candidates need 3‑5 years of experience underwriting surety lines, especially core contract surety, and strong financial analysis skills.

Where is the position located and is remote work possible?

The role is based in San Francisco, California, with flexibility to work from Walnut Creek or the Sacramento region, subject to manager approval.

What is the travel requirement for this position?

The job requires approximately 20% travel within the Central Pacific Region to meet clients and support business development.