Credit Analyst I or Credit Analyst II

Zurich is currently looking for a Credit Analyst I or Credit Analyst II to join our Credit Risk Management team. Desired location is our Schaumburg headquarters, however proximity to a Zurich Field Office within the U.S. is also acceptable for a hybrid role.

This role will be filled at either the Credit Analyst I or Credit Analyst II level. The hiring manager will determine the appropriate level based upon the selected applicant’s experience and skill set relative to the qualifications listed for this position.

Responsibilities include:

• Analyze, interpret and forecast the financial condition of prospective and renewal customers while determining a financial rating and generating a detailed financial narrative.  Understanding of US GAAP financial statements, supporting notes, management reports, forecasts, and various other information from external sources as well as information supplied by the customer will all be required in this role.  In addition, the ability to understand industry analysis, macroeconomic influences and external credit rating agency opinions is also necessary.  
• Evaluate loss sensitive exposures, set collateral requirements, participate in market-facing quotation process, assist in setting program structure and negotiation of collateral.
• Provide knowledge of credit services to underwriters, brokers and customers (including Regulatory reasoning and acceptable forms of collateral, strategy on how collateral is used to protect and compliment loss sensitive programs and how bankruptcy/legal implications impact the credit risk of customers).
• Additional project work as needed (prior examples include best practice assignments, support for financial rating tools, collateral model and process automation).   
• Processing of collateral documents and maintaining the integrity of our collateral database system.

Basic Qualification Credit Analyst I position:

• Bachelors Degree and no prior experience in the Accounting or Finance area
  OR
• High School Diploma or Equivalent and 2 or more years of experience in the Accounting or Finance area
  OR
• Zurich Certified Insurance Apprentice, including an Associate Degree and no prior experience in the Accounting or Finance area
  AND
• Knowledge of accounting or finance principles

Preferred Qualification:

• Strong verbal and written communication skills
• Strong Microsoft Office experience

OR

Basic Qualifications for the Credit Analyst II position:

• Bachelors Degree and 4 or more years of experience in the Accounting or Finance area
  OR
• High School Diploma or Equivalent and 6 or more years of experience in the Accounting or Finance area
  OR
• Completion of Zurich Finance Development Program, including a Bachelors Degree and 2 or more years of experience in the Accounting or Finance area
  OR
• Zurich Certified Insurance Apprentice with 4 or more years of experience in the Accounting or Finance area

Preferred Qualifications:

• Insurance industry experience
• MBA, CPA, CPCU, CFA or CTP
• Strong Microsoft Office experience
• Strong verbal and written communication skills

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 combined salary range for this position is $60,000.00 - $118,700.00. The proposed salary range for the Credit Analyst I is $60,000.00 - $98,100.00, with short-term incentive bonus eligibility set at 10%. The proposed salary range for the Credit Analyst II is $72,500.00 - $118,700.00, 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 500®.

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 § 1033.

Please note: Zurich does not accept unsolicited CVs from agencies. Preferred vendors should use our Recruiting Agency Portal.

Location(s): AM - Schaumburg
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
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