AVP, Property Underwriter

2 months ago

Old Toronto, Canada Sompo Full time
AVP, Property Underwriter

Location: CA - Toronto, 77 King Street West

Time Type: Full time

Posted on: Posted Yesterday

Job Requisition ID: R1255

About Us

Sompo International is a leading provider of insurance and reinsurance with worldwide operations. Our values of integrity, collaboration, agility, execution, and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry.

We are seeking an AVP, Property Underwriter for our Sompo International Canadian team in our Toronto, Ontario office. This position will support our Canadian Domestic platform.

Job Summary:

As an AVP, Property Underwriter, you will play a critical role in evaluating and analyzing property insurance risks for a wide range of clients in Canada. You will assess risk factors, determine coverage and pricing, and collaborate with other stakeholders to develop and implement underwriting strategies that align with the company's goals and guidelines.

Duties and Responsibilities:
  • Evaluate and underwrite property insurance risks, including conducting risk assessments, analyzing data, reviewing applications, and determining coverage and pricing.
  • Collaborate with brokers and clients to gather information, clarify requirements, and negotiate terms and conditions.
  • Develop and maintain relationships with clients, brokers, and other stakeholders to drive new business opportunities and build a strong book of business.
  • Provide technical expertise and guidance to junior underwriters, including reviewing their work, providing feedback, and mentoring to ensure quality underwriting decisions.
  • Stay updated with industry trends, regulatory changes, and market conditions to identify potential risks and opportunities.
  • Assist in developing underwriting strategies, guidelines, and policies that align with the company's goals and objectives.
  • Participate in market analysis, including competitor analysis, rate monitoring, and identifying potential market niches.
  • Collaborate with cross-functional teams, such as claims, risk engineering, and legal, to assess and manage risks, resolve issues, and optimize business outcomes.
  • Provide excellent customer service by promptly responding to inquiries, addressing concerns, and resolving issues in a professional and timely manner.
  • Contribute to the achievement of business targets, including premium growth, profitability, and customer satisfaction.
  • Participate in training, professional development, and knowledge-sharing activities to stay updated with industry best practices and enhance underwriting skills.
Qualifications:
  • Bachelor’s Degree or relevant work experience.
  • 8+ years of experience in property underwriting, preferably in the Canadian market.
  • Professional designations, such as Chartered Insurance Professional (CIP), Fellow Chartered Insurance Professional (FCIP), CRM, would be an asset.
  • Strong knowledge of property insurance products, coverages, underwriting guidelines, and risk assessment techniques.
  • Proficient in analyzing data, interpreting financial statements, and utilizing underwriting tools and software.
  • Excellent communication skills, both written and verbal, with the ability to interact effectively with clients, brokers, and internal stakeholders.
  • Strong negotiation skills with the ability to balance profitability and risk management.
  • Demonstrated ability to mentor and provide guidance to junior underwriters.
  • Ability to work independently and collaboratively in a fast-paced environment with changing priorities.
  • Knowledge of Canadian insurance regulations and market trends.
  • Ability to travel as required.
  • French language is an asset.

This job description outlines the general nature and level of work performed by individuals assigned to this position. It does not restrict the management's right to assign or reassign duties and responsibilities to this job at any time.

Sompo International offers a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.

Sompo International is committed to employment practices that are inclusive and accessible. Accommodations for individuals with disabilities are available. Should you require accommodation, please contact human resources at jgibson@sompo-intl.com.

Visit our website at www.sompo-intl.com.

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