Senior Underwriter - Toronto, Canada - Wawanesa Insurance

Description

Job Overview

Working under minimal supervision, the Senior Underwriter - Group is responsible for analyzing the acceptability of complex and high premium business according to company guidelines by working collaboratively with our sales team and providing value added expertise and service to both potential and existing policyholders, in response to quote inquiries, renewal ratings and requests for changes to insurance coverage.

Job Responsibilities

Perform risk analysis using group underwriting principles and tools as well as external data sources for the purposes of quoting, negotiating, and authorizing the acceptance of risk

Review complex group insurance requests for quotations and underwriting requirements to evaluate the degree of risk involved through assessment of claim history, occupational hazards, financial background, insurable interest and other information pertinent to the decision, for both the Traditional and Specialty lines of business

Determine eligibility for policy renewals based on company guidelines and retention targets

Communicate decisions and respond to brokers, agents, and third party distributors requests in a prompt and professional manner

Provide excellent customer service and build positive relationships with internal and external clients

Maintain an excellent understanding of rating procedures, wordings, underwriting policies and regulations

Act as a subject matter expert on Traditional and Specialty insurance policies, processes, regulations, and audit

Mentor less experienced team members and plan and present training material and sessions

Participate in periodic work reviews for quality assurance purposes.

Support the development and implementation of transformational change.

Maintain positive working relationships with internal and external parties, including networking at industry events.

Influence team members in a positive manner and provide short term direction effectively working towards team goals

Work effectively towards the department Key performance indicator (KPI) goals of the team

Communicate with reinsurance partners about special situation and additional risk acceptance where appropriate

Comfortable handling distribution partner relationships

Perform other duties as assigned

Qualifications

Post-secondary education or related business experience

Five years of Group/Specialty underwriting experience in progressively senior roles

Completed Group Benefits Associate (GBA) and actively pursuing Certified Employee Benefit Specialist (CEBS) Designation

Advanced understanding of group insurance principles

Working knowledge of Microsoft Office Suite

Excellent attention to detail with the ability to review information carefully and comprehensively

Strong mathematical, analytical and problem-solving skills with the ability to identify, develop and implement appropriate solutions

Excellent written and verbal communication skills with the ability to present information in a convincing manner

Strong time management skills with the ability to handle changing priorities and fluctuating work volumes to meet deadlines.

Excellent interpersonal, customer service and conflict resolution skills.

Excellent decision-making skills with the ability to provide justification.

Ability to multi-task and monitor progress to meet deadlines.

Ability to adapt to change and perform effectively under pressure.

Wawanesa is proud to be one of , a in Canada and a in Canada recognizing an exceptional place to work

Diversity, Equity & Inclusion
Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual's protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process.