Underwriter I

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- Underwriter I (Commercial Auto)
- Location: Regina - This role is eligible for hybrid working arrangements. This means you’ll have the flexibility of working from home and in the office on a scheduled rotation once probation requirements have been met. Until then, the successful incumbent will be expected to work on-site, full-time.
- In scope
- Closes Feb 8, 2024

GENERAL ACCOUNTABILITY
- The Underwriter I (Commercial Auto) is responsible for underwriting moderately complex insurance risks. This position evaluates, rates, and process insurance requests for Commercial Auto insurance products. Underwriting decisions are governed by manuals/guidelines, predetermined procedures, and authority levels. The Underwriter I is customer-focused and looks for ways to improve the customer experience. The Underwriter I develops and maintains relationships with brokers which contributes to lasting and profitable relationships. The Underwriter I provides work review and approval to staff in junior positions.

KEY ACCOUNTABILITIES
- Note: This section is not intended to be an exhaustive list of duties and responsibilities - other duties and responsibilities may be assigned._
- Note: This section is not intended to be an exhaustive list of duties and responsibilities - other duties and responsibilities may be assigned._
- Underwriting Operations- Researches and obtains additional information on risk if required.-
- Makes timely decisions while considering risk territory, underwriting guidelines and market conditions.Determines if risk is acceptable, needs modification, or should be declined based on analysis of all information pertinent to the risk and within the underwriter's authority.Corresponds with brokers to request information and explain underwriting requirements and decisions.-
- Supports, provides direction, and reviews and approves the work of staff in junior positions (including trainees)-
- Learns & applies understanding of the policy wordings, conditions, limitations, rates, and premiums with a strong focus on customer needs.-
- Develops a basic understanding of existing and emerging industry trends and market conditions.-
- Identifies improvements to processes and procedures.Broker Experience and Relationship Management- Acts as the broker's first point of contact and sees requests through to completion; becomes a trusted advisor for brokers.-
- Develops and maintains working relationships with brokers to generate a flow of profitable business and provides assistance in resolving any service matters.-
- Identifies opportunities to improve broker experience and seeks to find solutions while adhering to the company guidelines and underwriting authority.-
- Explains underwriting criteria and decisions to brokers.-
- Works with other departments to deliver a consistent experience to brokers and customers.-
- Assists with training to staff, brokers, and external parties on products and procedures. May be required to conduct formal presentations.-
- Understands the underwriting operating system, workflows and process, broker portal and billing.-
- Promotes and offers supporting products to brokers with an emphasis on meeting customer needs.High Performance Team & Culture- Supports a culture of leadership and accountability to effectively meet the key accountabilities within the scope of the role.-
- Displays leadership by committing to a culture of continuous learning/development of self and supports others by actively sharing knowledge, providing guidance, mentoring, training, and supporting developmental opportunities.-
- Demonstrates that the Health, Safety and Emergency Management Policy is applied in area of responsibility for self and others.- TECHNICAL KNOWLEDGE & SKILLS- Knowledge of operations and related assets of appropriate business area-
- Knowledge of the coverages of insurance products and related provincial/federal legislation applicable to the appropriate business area Knowledge of the Principles & Practices of InsuranceKnowledge of reinsurance principles.EDUCATION & CERTIFICATIONS- A two-year diploma from an accredited post-secondary education institution in a relevant field of study, such as Business, or defined equivalency.EXPERIENCE- 1 - 3 years’ experience in underwriting.Pay Range:$59,976.00 - $75,684.00

Posting Close Date:
February 8, 2024