Underwriting Specialist, Commercial Mid-Market # 9580 - IW-9580

Underwriting Specialist, Commercial Mid-Market # 9580 - IW-9580

Date of modification: October 23, 2024

Job number: IW-9580

Detail

Job title: Underwriting Specialist, Commercial Mid-Market # 9580

Location: Toronto

Description

Underwriting Specialist, Commercial Mid-Market

If you thrive working on highly complex commercial risk this role may be for you

Hybrid - Toronto

Global Insurer

Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business with a focus on production underwriting. Recognized as a technical expert in an underwriting specialty. Under general management direction, works within broad limits of authority on assignments requiring a high degree of technical complexity and coordination.

JOB DESCRIPTION:

• Performs a combination of duties in accordance with departmental guidelines.
• Works on highly complex underwriting risks employing diagnostic and systematic analysis to assess acceptability. Develops specialized endorsement language for highly complex risk.
• Determines appropriate pricing of complex risks for assigned book of business based on financial and competitive analysis in line with compliance requirements and with little oversight needed from superiors.
• Makes recommendations on underwriting policy and pricing strategy.
• Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
• Markets products and services through the brokerage community and makes field visits.
• Develops and maintains broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
• Keeps current on provincial/territory issues and regulations, industry activity and trends. May participate in industry trade groups.
• Mentors and guides less experienced underwriters and assists in the development of underwriting training.
• Utilizes advanced functionality in relevant company systems to perform day-to-day activities.
• Responsible for special underwriting projects and presentations.

Skills, Knowledge and Abilities

• Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures.
• Strong communication, negotiation and presentation skills.
• Ability to effectively interact with all levels of the company's internal and external business partners.
• Advanced analytical and problem solving skills, with the ability to manage and prioritize multiple projects.
• Ability to deal with ambiguous situations and issues.
• Creativity in resolving unique and challenging business problems.
• Knowledge of Microsoft Office Suite and other business-related software.
• Demonstrated leadership skills.

Education and Experience
• Bachelor's degree or equivalent experience. Professional designations preferred.
• Typically a minimum eight to ten years underwriting experience.

Information

• City: Toronto
• Job Type: Full-Time
• Education: CIP, CIP Partial Completion, FCIP
• Minimum experience required: 7 to 10 Years