Policy Underwriting Specialist
2 days ago
We are seeking a highly skilled Policy Underwriting Specialist to join our team at Manitoba Public Insurance. As a key member of our Special Risk Extension (SRE) team, you will be responsible for supporting the daily operations of our department, ensuring that policy renewals and changes are processed correctly and efficiently.
Job DescriptionKey Responsibilities:
- Process scheduled renewals by assessing and evaluating existing SRE policies to ensure compliance with corporate underwriting standards.
- Exercise independent underwriting authority on non-complex scheduled renewals, excluding Cargo, Truckmen General Liability, Garage, and Non-Owned Auto renewals.
- Complete reinsurance Bordereaux as per guidelines.
- Process mid-term policy changes by reviewing policies to ensure requests meet corporate underwriting standards.
- Ammend policies to reflect requested/accepted changes to existing coverage.
- Makes decisions and processes all forms of policy endorsements, cancellation and reinstatement requests for non-complex scheduled policies.
- Responsible for the administration of letters of brokerage and providing interpretation of requirements to the brokerage force.
- Responds to enquiries from brokers, adjusters, internal accounting departments, Motor Carrier Division - Safety Program, other MPI staff and the Transportation Safety Board of Canada.
Requirements:
- High school diploma or equivalent.
- C11 Principles and Practice of Insurance course from the Chartered Insurance Professional (CIP) program, General Insurance Essentials Certificate or Canadian Accredited Insurance Broker (CAIB) 2 & 3.
- OR Diploma in business administration, commerce or related discipline. Two years of related office or customer service experience. Experience in the insurance industry is an asset.
The estimated salary for this role is $60,000 - $80,000 per year, depending on experience. We offer a comprehensive benefits package, including flexible health, dental and vision plans, health spending account, travel health coverage, extended health benefits such as ambulance, massage and physiotherapy, registered pension plan, group, dependent, and optional life insurance coverage, critical illness insurance, sick leave to cover short-term disability, long-term disability, vacation entitlement, maternity, parental and adoptive leaves, bereavement and family responsibility leaves, employee and family assistance program, mental-health programming, lunch-and-learn offerings, discounted gym memberships and wellness account.
About UsManitoba Public Insurance believes that diversity and inclusion strengthens us. We consider ourselves to be a barrier-free organization where individual values, beliefs and practices are respected and appreciated for the diversity they bring to our work life. Employee recognition is important to us, and we have several outlets for leaders and peers to reward each other for work well done. We also offer support in keeping your skills up-to-date through in-house training, professional development and an educational assistance program. In an effort to encourage a safe and healthy work environment, we offer various safety, health and workplace policies and programs along with technical expertise and assistance to support employee activities in safety and health.
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