Commercial Underwriter

3 days ago


Sherwood Park, Alberta, Canada Millennium Insurance Corporation Full time
About the Role

We are seeking a highly skilled Commercial Underwriter to join our dynamic team at Millennium Insurance Corporation. As a key member of our Commercial Property and Casualty Insurance Division, you will play a crucial role in assessing and underwriting commercial risks, developing policies, and interacting with clients and brokers.

Key Responsibilities
  • Assess and underwrite commercial risks, working closely with clients and brokers to recommend coverage types and examine COPE details, business operations, and policy coverages.
  • Develop and establish terms and conditions for commercial insurance policies, including new business and renewal coverage limits, extensions, endorsements, warranties, and exclusions.
  • Establish premium rates that are competitive and indicative of the risk level, determining pricing for risks across various lines of Commercial Property and Casualty business.
  • Proactively engage in the development of relationships with clients and brokers, aiming to precisely underwrite risks that complement our commercial portfolio and risk appetite.
  • Guarantee that all underwriting practices adhere to industry regulations and company guidelines, working in collaboration with the actuarial and claims departments to refine and enhance our policy offerings.
Requirements
  • Minimum three (3+) years of experience in commercial property and casualty underwriting setting.
  • A General Insurance License Level 1 or 2 is required; if you don't already have one, we'll arrange enrollment in General Insurance Training during your first week.
  • Post-secondary education and/or CIP designation are considered an asset.
  • Excellent understanding and expertise of commercial industry underwriting practices and market norms.
  • Strong verbal and written communication abilities, teamwork-oriented mindset, and a keen aspiration for professional development.
  • Capacity to handle and prioritize numerous projects while staying calm under tight deadlines.
  • Exceptional interpersonal abilities, enabling effective interaction across all organizational levels and with clients and brokers.
  • Proficiency in MS Office Suite - Word, Excel, PowerPoint.
  • Acute observational and problem-solving skills with exceptional organizational abilities and high-level attention to detail.
What We Offer
  • Earned Time-Off and Vacation Program
  • Group Retirement Savings Plan with employer match
  • Flexible work options available
  • Fitness center subsidy
  • Education Assistance
  • Health, Dental and Insured Benefit offerings
  • Health and Lifestyle spending account
  • Employee discount programs
About Millennium Insurance Corporation

Millennium Insurance Corporation is a locally owned and operated property and casualty insurance company based in Sherwood Park, AB. We pride ourselves on offering relevant and competitively priced insurance products, along with industry-leading customer service. Our business lines include personal automobile, personal property, home warranty, commercial property, and commercial liability insurance.



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