Commercial Underwriter

**Job title: Commercial Underwriter**

**Job location: Remote**

**Who we are**:
The Commonwell Mutual Insurance Group is not just another insurance company; we are a P&C Mutual company with solid grass roots within our community. We’re proud to be a leader within the P&C industry offering a Mutual experience rich with history, opportunity and exceptional customer service. We are committed to profitable growth, team development, ingenuity, built on strong connections in our remote first work environment. We encourage a work-life balance and we are serious about what we do.

**Our promise to you**:
Here at The Commonwell, we are all about Protecting Individuals, Together Our vision is to continue to build an environment that develops and attracts the very best by empowering everyone to foster a workplace where everyone can perform at their very best, be their authentic self and bring their whole self to work.

**The Opportunity**:
This purpose of this position is to review, analyze, and evaluate commercial property and liability business at all transactional touchpoints to determine risk level by using different methods of investigation. Working within a team environment, the incumbent will provide calculations for policies and support to our broker force. The incumbent must evaluate policies based on acceptability of risk with a focus on reducing claim exposure while promoting new business and retention for the company.

**Who you are**:

- Supports the technical development of support staff within the underwriting department through training and mentorship
- Active working relationship within the property underwriting lines
- Develop working relationships within all other underwriting lines
- You will be highly Organized and have excellent Time Management skills
- You will demonstrate excellent Written and Verbal Communication Skills
- You are great at Problem-Solving and Critical Thinking
- You will be Adaptable and open to changing environments
- You value and encourage others to have cooperative and collaborative conversations because diverse perspectives offer more creative solutions

How you will create an impact:

- Accountable for underwriting at all transaction levels including, New Business submissions, renewals, endorsements, and inspection evaluations - requires support for risks with greater complexity
- Review claims risks alerts and takes action, where necessary - receives support, where required, in managing complex alerts

**What you will bring**:

- Completion of Ontario Secondary School Diploma is required
- Great organizational skills and ability to multitask is required
- Thorough attention to detail is a must to ensure accuracy of policy documents
- Ability to perform moderate mathematical calculations is required
- Effective communication skills: verbal, non-verbal and written
- Sound morals, ethics, and confidentiality with ability to develop trusting and effective working relationships with peers, employees and business partners
- Strong computer literacy, proficiency in all Microsoft Office programs and Internet navigation
- Working knowledge of construction, occupancy, protection, exposures relating commercial risks
- Working knowledge in underwriting package classes of business
- Working knowledge in underwriting non-package classes of business, requiring support in areas of more complex risks
- Working knowledge of common Commercial Liability exposures including appropriate risk identification, assessment, loss control and underwriting processes
- Working understanding of exposure base of Commercial Fire rate and liability rate methodologies and ability to complete complex rate workup
- Some understanding in the use of Xrate, Urate and manual rating methodologies
- Working knowledge of Commercial property risk management including typical property risk exposures in low to medium hazard commercial property occupancies requiring support for high hazard commercial property
- Working knowledge in reading and interpreting all relevant policy wordings, including Commercial General Liability, Business Interruption and Umbrella liability relevant to commercial business wordings
- Some understanding on reinsurance products, specifically those available, as well as the necessary process for facultative cession, a working knowledge of restrictions and provisions of reinsurance treaty
- Working knowledge of relevant regulations, including the Insurance Act and applicable building codes
- Some understanding of the financial statements
- Efficiency in the use of the Policy Administration system for all policy transactions and solid understanding of item coverage structure and rate and rule operation
- Understanding of the broker distribution channel, the various tools utilized by the broker and the process interaction between insurer and broker.

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