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Insurance Underwriting Analyst Jobs in Arizona (NOW HIRING)

Qualifications & Key Competencies * 3-5 years of experience in commercial insurance underwriting, financial services, or a high-volume analytical risk environment. * Strong foundational knowledge of ...

Operations - Insurance Operations At Prudential, we're committed to helping people achieve ... Excellent analytical, financial, and problem-solving capabilities. * Exceptional communication ...

Underwriting Trainee

Scottsdale, AZ ยท On-site

$65K - $75K/yr

Supporting the Companies' underwriters in developing insurance solutions for a wide range of small ... Strong analytical and problem-solving skills, with the ability to interpret data and apply sound ...

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We are seeking an experienced Homeowners Insurance Underwriter to evaluate and manage new and ... property underwriting experience (P&C background preferred). * Strong analytical and risk ...

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Insurance Underwriting Analyst information

Is an insurance underwriting analyst a good job?

An insurance underwriting analyst is a stable career that involves evaluating insurance applications, analyzing risk factors, and using specialized software. It typically requires strong analytical skills, attention to detail, and sometimes industry certifications, with opportunities for advancement in the insurance and financial sectors.

How does an insurance underwriting analyst typically collaborate with other departments within an insurance company?

Insurance Underwriting Analysts work closely with a variety of teams, including claims, sales, actuarial, and risk assessment departments. They often consult with these teams to gather necessary information, clarify risk factors, and ensure that policies are accurately priced and compliant with regulations. Effective communication and teamwork are essential, as analysts need to balance the interests of the company with customer needs while maintaining regulatory standards. This collaboration helps ensure that underwriting decisions are well-informed and support the overall goals of the organization.

What are the key skills and qualifications needed to thrive as an insurance underwriting analyst?

To thrive as an Insurance Underwriting Analyst, you need strong analytical skills, attention to detail, and a solid foundation in finance or business, often supported by a bachelor's degree. Familiarity with underwriting software, risk assessment tools, and industry certifications like CPCU or AU is typically required. Excellent communication, critical thinking, and decision-making skills help analysts interpret complex data and collaborate effectively with clients and colleagues. These competencies are crucial for accurately evaluating risk, setting appropriate premiums, and ensuring the profitability and compliance of insurance portfolios.

How much does an insurance underwriting analyst make?

The average salary for an insurance underwriting analyst typically ranges from $50,000 to $80,000 per year, depending on experience, location, and industry. Entry-level analysts may earn less, while those with specialized skills or certifications can earn higher salaries. Compensation often includes benefits such as health insurance and retirement plans.

What is the difference between Insurance Underwriting Analyst vs Insurance Underwriter?

AspectInsurance Underwriting AnalystInsurance Underwriter
CredentialsBachelor's degree in finance, economics, or related field; some certifications like CPCU or ARMBachelor's degree often required; certifications like CPCU or AIC are common
Work EnvironmentAnalyzing data, assessing risk, supporting underwriting decisionsEvaluating applications, making risk decisions, approving policies
Industry UsageUsed in insurance companies, brokerage firms, and risk managementPrimarily in insurance companies and agencies

Insurance Underwriting Analysts support underwriters by analyzing data and assessing risk, while Insurance Underwriters make the final risk decisions and approve policies. Both roles require similar credentials and work in comparable environments, but their responsibilities differ in scope and decision-making authority.

What does an insurance underwriting analyst do?

An Insurance Underwriting Analyst evaluates insurance applications to determine the level of risk involved in insuring an individual or organization. They analyze data on applicants, such as financial status, health, and other risk factors, to decide whether coverage should be provided and at what premium. Their work helps insurance companies set appropriate policies and premiums to maintain profitability while offering fair coverage to clients. Additionally, they often collaborate with underwriters and agents to review guidelines and ensure compliance with regulations.
What are popular job titles related to Insurance Underwriting Analyst jobs in Arizona? For Insurance Underwriting Analyst jobs in Arizona, the most frequently searched job titles are:
What job categories do people searching Insurance Underwriting Analyst jobs in Arizona look for? The top searched job categories for Insurance Underwriting Analyst jobs in Arizona are:
What cities in Arizona are hiring for Insurance Underwriting Analyst jobs? Cities in Arizona with the most Insurance Underwriting Analyst job openings:

UA Analyst Financial Lines Express

Zurich Insurance Group

Scottsdale, AZ โ€ข On-site

Full-time

Re-posted 11 days ago


Job description

What can happen when you grow your career?
Now's the time to take the next step and make a difference. At Zurich, we want your ideas and experiences to help us grow and create lasting change.
Know someone who would be a great fit for this role? Zurich North America has two talent referral programs in the US. Scroll down to learn more and submit your referral.
Zurich North America is currently hiring a Underwriting Analyst - E&S Financial Lines in our Scottsdale, AZ; Chicago, IL; and Atlanta, GA office! While this role is based out of our Scottsdale, AZ office, the position will provide you the flexibility to work on a hybrid basis, requiring to be in office 3 days a week. You will partner with your manager to set a flexible work schedule that supports you and our E&S Financial Lines team members.
In this role you will be responsible for:
  • Reviews, evaluates and analyzes risk exposures, controls, loss history, financial condition and recommends or executes, underwriting decisions around submission acceptance or declination within established risk appetite.
  • Anticipates underwriting exposure information needs, and proactively seeks out alternative, relevant data sources using underwriting tools to improve understanding of risks.
  • Analyze and recommends input in areas of policy rating, subjective pricing, policy construction, coverages and exclusions, mandatory forms, etc. that are needed to accurately quote and/or renew policies (bonds).
  • Develops and executes account servicing solutions independently and in collaboration with Underwriter, with responsibility for end-to-end servicing processes for new business, renewals, and endorsements for more complex business accounts.
  • Drives broker/agent/distributor/customer interactions and on-site calls related to account servicing matters with a planned and well-prepared purpose. Builds strong working relationships outside the team and with broker counterparts.
  • Develops new team members and provides support and coaching to peers, based on quality results. Provides coaching and problem solving for complex transactions / issues while educating peers on the context behind the solution.
  • Supports special projects as assigned.

Basic Qualifications:
  • Bachelor's degree and 2 or more years of experience in the Insurance, Underwriting or Market Facing area
    OR
  • Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years of experience in the Insurance, Underwriting or Market Facing area
    OR
  • High School Diploma or Equivalent and 4 or more years of experience in the Insurance, Underwriting or Market Facing area.
    AND
  • Knowledge of the insurance industry and the legal and regulatory environment.
  • Experience with data collection and analysis
  • Experience with processing, rating and policy management systems used in the insurance industry.
  • Customer service experience
  • Problem solving experience
  • Experience servicing product portfolios for multiple lines of business for insurance.
  • Microsoft Office experience

Preferred Qualifications:
  • Knowledge of underwriting philosophy and techniques
  • Knowledge of national and local insurance filing regulations and guidelines
  • Knowledge of international insurance programs

Your pay at Zurich is based on your role, location, skills, and experience. We follow local laws to ensure fair compensation. You may also be eligible for bonuses and merit increases. If your expectations are above the listed range, we still encourage you to apply-your unique background matters to us. The pay range shown is a national average and may vary by location. The proposed Salary range for this position is $54,500.00 - $89,200.00, with short-term incentive bonus eligibility set at 10%.
We offer competitive pay and comprehensive benefits for employees and their families. [Learn more about Total Rewards here.]
Why Zurich?
At Zurich, we value your ideas and experience. We offer growth, inclusion, and a supportive environment-so you can help shape the future of insurance. Zurich North America is a leader in risk management, with over 150 years of expertise and coverage across 25+ industries, including 90% of the Fortune 500ยฎ.
Join us for a brighter future-for yourself and our customers.
Zurich in North America does not discriminate based on race, ethnicity, color, religion, national origin, sex, gender expression, gender identity, genetic information, age, disability, protected veteran status, marital status, sexual orientation, pregnancy or other characteristics protected by applicable law. Equal Opportunity Employer disability/vets.
Zurich complies with 18 U.S. Code ยง 1033.
Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.
Location(s): AM - Scottsdale, AM - Atlanta, AM - Chicago
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No
Linkedin Recruiter Tag: #LI-JJ1 #LI-ASSOCIATE #LI-HYBRID