Underwriting Specialist, Commercial Mid-Market # 9580
2 weeks ago
Date of modification: October 23, 2024
Job number: IW-9580
Detail
Job title: Underwriting Specialist, Commercial Mid-Market # 9580
Location: Toronto
Description
Underwriting Specialist, Commercial Mid-Market
If you thrive working on highly complex commercial risk this role may be for you
Hybrid - Toronto
Global Insurer
Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business with a focus on production underwriting. Recognized as a technical expert in an underwriting specialty. Under general management direction, works within broad limits of authority on assignments requiring a high degree of technical complexity and coordination.
JOB DESCRIPTION:
- Performs a combination of duties in accordance with departmental guidelines.
- Works on highly complex underwriting risks employing diagnostic and systematic analysis to assess acceptability. Develops specialized endorsement language for highly complex risk.
- Determines appropriate pricing of complex risks for assigned book of business based on financial and competitive analysis in line with compliance requirements and with little oversight needed from superiors.
- Makes recommendations on underwriting policy and pricing strategy.
- Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
- Markets products and services through the brokerage community and makes field visits.
- Develops and maintains broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
- Keeps current on provincial/territory issues and regulations, industry activity and trends. May participate in industry trade groups.
- Mentors and guides less experienced underwriters and assists in the development of underwriting training.
- Utilizes advanced functionality in relevant company systems to perform day-to-day activities.
- Responsible for special underwriting projects and presentations.
Skills, Knowledge and Abilities
- Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures.
- Strong communication, negotiation and presentation skills.
- Ability to effectively interact with all levels of the company's internal and external business partners.
- Advanced analytical and problem solving skills, with the ability to manage and prioritize multiple projects.
- Ability to deal with ambiguous situations and issues.
- Creativity in resolving unique and challenging business problems.
- Knowledge of Microsoft Office Suite and other business-related software.
- Demonstrated leadership skills.
Education and Experience
• Bachelor's degree or equivalent experience. Professional designations preferred.
• Typically a minimum eight to ten years underwriting experience.
Information
- City: Toronto
- Job Type: Full-Time
- Education: CIP, CIP Partial Completion, FCIP
- Minimum experience required: 7 to 10 Years
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