- Assessing the risk and accepting or declining new business submissions, policy changes and renewals.
- Analyze risks that have a high potential to generate severe losses or high loss frequency.
- Underwrite business that does not qualify to be written through the regular branch.
- Apply a high level of underwriting judgement that is developed through the handling of high exposure risks.
- Order and analyze inspections, financial reports, location intelligence, NatCat exposures and other rating tools to use in the decision-making process for a risk.
- Negotiate terms and conditions of risk acceptance and pricing at the highest level.
- Handle high risk segment business.
- Other duties include production calls on brokers, assisting in field underwriting of accounts, attending industry functions, mentoring junior staff and conducting business development duties as required.
- Must be fluent in both French and English. High degree of proficiency with English required to service customers, both internal to the company and external, across Canada.
- Demonstrated high level understanding of commercial property risks.
- Proven knowledge of regional nuances and coverage differences for all regions across Canada.
- University degree or college diploma required.
- CIP designation is an asset.
- Ideally (4-5) years' experience underwriting a wide variety of risks.
- High level understanding of regional differences and insurance regulations across Canada.
- Experience with cross-border and multinational placements.
- Able to quote new business, make policy changes and issue renewals. Need to be able to maintain corporate service standards.
- Able to negotiate with brokers, able to build new relationships quickly and have a solid understanding of the action's insurers take and the impact on brokers and their clients.
- Excellent communication and organizational skills.
- Detail-oriented and strong problem-solving skills with the ability to gather information and analyze and solve through complexities.
- Knowledge of insurance products is an asset.
- Hybrid work schedule for most roles
- Company share ownership program
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
Senior Underwriter, Specialty Insurance - Ville de Québec, Canada - Definity
Description
Job Description
The successful candidate for this role is accountable for providing high quality underwriting of complex accounts which include high hazard risk exposures. The Underwriter is responsible for adhering to department guidelines and remaining within their authority limits as assigned. Application of underwriting judgement will contribute to the profitable portfolio of accounts within Specialty Lines.
What can you expect in this role?
What do you bring to the role?
Salary range is $66,300 - $122,100
Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market. In addition to base pay,eligible employees may participate various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
About Us
We also take potential into consideration. If you don't have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.
Go ahead and expect a lot — you deserve it, and we've got it:Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).