Commercial Auto Underwriting Consultant

4 weeks ago


Old Toronto, Ontario, Canada Zurich Full time

Position Overview

Zurich Canada is seeking an Automobile Underwriting Expert to enhance our offerings in the Ontario commercial insurance sector.

As a key member of our team, reporting to the Ontario Regional Manager of Automobile, you will manage a diverse portfolio of transportation-related risks while also expanding our automobile insurance offerings. Your extensive broker network and deep understanding of automobile products will be instrumental in driving business growth.

Your responsibilities will include analyzing and underwriting both new and renewal business with minimal supervision, utilizing The Zurich Way of Underwriting Framework within your delegated authority on complex assignments, ensuring exceptional service to our clients.

Key Responsibilities:
  1. Actively pursue renewal and new business opportunities, underwriting a range of transportation package policies.
  2. Conduct thorough opportunity assessments with key distributors to identify potential growth areas.
  3. Evaluate accounts to align with the organization's risk appetite while balancing viable business opportunities.
  4. Engage in agent/broker/customer visits with a well-prepared agenda.
  5. Negotiate terms and conditions effectively to finalize agreements.
  6. Cross-sell additional lines of business to enhance account product density.
  7. Participate in sales meetings related to assigned brokers and territories.
  8. Manage a list of target accounts proactively, preparing 90 to 120 days in advance of the effective date.
  9. Document broker/client interactions and account statuses in required systems promptly.
  10. Serve as the primary contact for designated target accounts.
  11. Build strong relationships with brokers and clients in the relevant industries.
  12. Accurately calculate target pricing using appropriate underwriting tools.
  13. Assess exposure and analyze risk comprehensively.
  14. Initiate innovative product development ideas.
  15. Support the training and development of team members.
  16. Provide expert guidance on coverage issues related to claims programs and guidelines.
  17. Contribute to the creation of underwriting manuals, programs, and guidelines.
  18. Approve and place facultative purchases as necessary.
  19. Lead marketing presentations to both new and existing agents/brokers.
  20. Promote Zurich's products and services to enhance agency penetration.
  21. Ensure project success through ongoing communication with business unit sponsors during major project implementations.
  22. Diagnose and propose solutions for unique business unit and customer challenges.
  23. Lead complex technical or long-term business projects aimed at implementing new or modified systems, programs, or products.
  24. Research, recommend, and implement cutting-edge technical solutions that meet customer needs.
Qualifications:

Required:

  1. High School Diploma or Equivalent with 5+ years of experience in Underwriting or Market Facing roles.
  2. OR High School Diploma or Equivalent with 10+ years of experience in Claims or Underwriting Support roles.
  3. OR Zurich Certified Insurance Apprentice with an Associate Degree and 3+ years of experience in Underwriting or Market Facing roles.
  4. OR Zurich Certified Insurance Apprentice with an Associate Degree and 8+ years of experience in Claims or Underwriting Support roles.

AND

  • Proficiency in Microsoft Office.
  • Experience working under time constraints for quotes on new and renewal business.
  • Ability to work effectively in a team environment.
Preferred Qualifications:

5+ years of experience underwriting Commercial Automobile Risks (including auto, cargo, and GL).

Additional Experience:
  • Experience with loss-rated accounts.
  • Familiarity with actuarial-type risks.
  • Experience with captives is a plus.
  • Knowledge of heavy commercial US exposure and/or US plated vehicles.
  • Understanding of filings and regulatory challenges.
  • Familiarity with updated fleet technology.
  • Bachelor's Degree.
  • Strong verbal and written communication skills.
  • Proficiency in Microsoft Office.
Company Culture:
  • At Zurich, we pride ourselves on our inclusive culture, valuing Diversity, Inclusion, Equity, and Belonging (DEIB). We encourage you to bring your authentic self to work.
  • We foster a collaborative environment where diverse perspectives are appreciated. Your contributions are valued, and we provide the necessary tools for you to make a significant impact.
  • We prioritize employee well-being, offering a comprehensive health and benefits plan tailored to your needs, along with a competitive compensation package.
  • Recognizing the importance of work-life balance, Zurich provides a minimum of four weeks of vacation annually.
  • We also understand the need for personal time off, offering four personal days each year for your discretion.
  • Committed to continuous improvement, we provide access to a wide range of training and development opportunities.
  • We are dedicated to giving back to our communities through our resources and talents.
  • Zurich has received numerous accolades for our workplace culture, including recognition as one of Greater Toronto's Top Employers.

Join us to make a difference, face challenges, and be inspired in your career.

About Zurich:

Zurich Canada is part of the Zurich Insurance Group, a leading multi-line insurer with approximately 55,000 employees globally. With a century of experience in the Canadian commercial market, Zurich Canada is committed to providing top-tier insurance solutions to mid-sized and large companies, including multinational corporations. Our strength lies in our global reach combined with local expertise.

As a diverse organization, we recognize the value of varied perspectives and strive to create an inclusive environment. Zurich is dedicated to ensuring accessibility for all employees and customers, fostering a workplace free from discrimination.



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