Underwriter I - Regina, Canada - Saskatchewan Government Insurance

Saskatchewan Government Insurance
Saskatchewan Government Insurance
Verified Company
Regina, Canada

4 weeks ago

Sophia Lee

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Sophia Lee

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Description

Do you appreciate honesty and creativity? What about enthusiasm and empathy? Great! We do too, and that's why you'll fit right in.

Our deliberate culture fosters trust and collaboration, empowering you to bring your passion and intellect to work every single day.



Location:
These positions have the possibility of being based at Regina Head Office and Saskatoon Property Claims (depending on desk availability at those sites).

These roles offer hybrid work options - giving you the flexibility to work from home and from the offices mentioned above, following a set rotation schedule once probation requirements are fulfilled.

Until then, the successful candidate will be required to work on-site, full-time.

We're Hiring for Multiple Positions
Term: 12 months
Position Type: In scope
Application Deadline: June 6, 2024


OVERALL RESPONSIBILITIES
The Underwriter I (Commercial Property) is in charge of evaluating moderately intricate insurance risks. This role involves assessing, rating, and handling insurance requests for Commercial Auto, Commercial Property, or Farm insurance products. Decision-making in underwriting is guided by manuals/guidelines, predetermined processes, and levels of authority. The Underwriter I has a customer-centric approach and actively seeks ways to enhance the customer experience. Building and maintaining relationships with brokers is a key task for the Underwriter I, contributing to sustainable and profitable partnerships. Additionally, the Underwriter I is responsible for reviewing and approving the work of junior staff members.


KEY RESPONSIBILITIES
  • Note: This list does not cover all duties and responsibilities - additional tasks may be assigned.


Underwriting Operations Researches and gathers additional information on risks as needed.- Makes prompt decisions taking into account risk factors, underwriting guidelines, and market conditions. Determines the acceptability of risks, whether modifications are required, or if they should be rejected based on a comprehensive analysis of all relevant risk information within the underwriter's authority. Communicates with brokers to request information and clarify underwriting requirements and decisions.- Provides support, guidance, and approval for the work of junior staff members (including trainees).- Acquires and applies knowledge of policy terms, conditions, limitations, rates, and premiums with a strong focus on customer requirements.- Develops a basic understanding of current and emerging industry trends and market conditions.- Identifies opportunities for enhancing processes and procedures.


Broker Experience and Relationship Management- Serves as the first point of contact for brokers, seeing requests through to completion and establishing trust as a valuable advisor for brokers.- Cultivates and nurtures professional relationships with brokers to attract profitable business and assist in resolving service issues.- Identifies ways to enhance the broker experience and works towards finding solutions while complying with company guidelines and underwriting authority.- Explains underwriting criteria and decisions to brokers.- Collaborates with other departments to ensure a consistent experience for brokers and customers.- Assists in training staff, brokers, and external parties on products and procedures.

May be required to deliver formal presentations.- Familiarity with the underwriting operating system, workflows, broker portal, billing procedures, and promoting supplementary products to brokers with a focus on meeting customer needs.


High Performance Team & Culture- Supports a culture of leadership and accountability to effectively fulfill the key responsibilities of the role- Demonstrates leadership through a commitment to continuous self-improvement and supporting others by actively sharing knowledge, providing guidance, mentoring, training, and fostering developmental opportunities.- Ensures adherence to the Health, Safety, and Emergency Management Policy for self and others within the area of responsibility.

TECHNICAL KNOWLEDGE & SKILLS- Thorough understanding of operations and related assets within the relevant business area (Commercial Auto, Commercial Property, or Farm).- Proficient knowledge of insurance product coverages and applicable provincial/federal legislation for the relevant business area (Commercial Auto, Commercial Property, or Farm).- Familiarity with Insurance Principles & Practices and fundamental reinsurance principles.


EDUCATION & CERTIFICATIONS- Completion of a two-year diploma from an accredited post-secondary institution in a relevant field of study, such as Business, or equivalent qualifications.

EXPERIENCE: Years of experience in the field of underwriting.

Compensation Range:
$59, $75,684.00

Application Deadline:
June 6, 2024
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