Title: Sr. Underwriter, Property, Commercial Salary: 100,000/annum + benefits Location: Toronto, Remote Work Model JOB DESCRIPTIONWorking closely with internal teams, you will be accountable for assessing, evaluating and making decisions about risks for both new and existing customers. Reporting to the Team lead, this position is responsible for supporting the development and maintenance of a profitable portfolio of desirable business through marketing, analysis, sales, service and underwriting.Responsibilities:* Produce and underwrite new and renewal business by assessing the risk, pricing, choosing the appropriate market/company, preparing final quote and sending it to the broker; to consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) through execution of market segment strategies.* Interact and collaborate with a team of market segment colleagues and other critical internal/external business associates.* Underwriter is responsible for assessing, loss analyzing, negotiating, rating, and issuing new business, renewals and endorsements for an assigned portfolio based on the company's underwriting pricing and guidelines.* Produce policy changes and endorsement by underwriting, pricing and issuing policies;* Establish and maintain professional working relationships with markets/companies and brokers through telephone conversations and one-to-one meetings (as may be required);* Overall administration of assigned accounts from submission to expiration;* Corresponding directly with brokers and other external contacts;* Collaborating and corresponding verbally and in writing with internal support teams;* Performing quality control of rating, coding, and issuance output to ensure accuracy of work (e.g. exposure bases, limits, coverage extensions, modifications, data entry, etc.);* Mentor / train junior underwriter(s) and technical assistant(s);* Continuously manage book of business (maintain quality of business required by market segment strategy).* Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards.* Customer interaction focuses on meeting customer expectations for response time and knowledge of products and business.* Demonstrate operational excellence by complying with Best Practices, and managing desk to meet customer expectations.* Work strategically and tactically with brokers to ensure appropriate level of understanding of company goals and objectives.* Conduct self in a professional manner both internally and externally* Identify, analyze and develop sources of new business; assists in developing marketing strategies for new or improved products.* Partner with peers in other product lines to leverage multi-line opportunities.* Establish and maintain superior business and service oriented partnerships with SWG's broker partners through; regular and frequent attendance communication and service standards* Maintain market intelligence, business insurance trends and industry knowledgeREQUIRED SKILLS AND EXPERIENCE* Bachelor's degree preferred and/or; CIP (Chartered Insurance Professional) or FCIP (Fellow Chartered Insurance Professional) designation* 7+ years of COMMERCIAL PROPERTY UNDERWRITING Experience* 1+ years of experience underwriting in the HEALTHCARE PROPERTY sector (Healthcare - Ideally Allied Health & Life Science Divisions)* Excellent communication and presentation skills* High Proficiency with Microsoft Office Suite (Word, Excel - Data Analysis, Financial modelling, Automation, Outlook, Powerpoint)* Proficient with Underwriting software(s), preferably Insurview (Salesforce)* Expertise in policy wordings, forms and applicable coverage's. Policy Wordings - Bespoke Policy Wordings, Endorsements, Compliance Forms - Coverage Forms, Application Forms, Claims Forms Applicable Coverages - Property Coverage, Business Interruption, Liability Coverage, Cyber Insurance, Equipment Breakdown etc.NICE TO HAVE SKILLS AND EXPERIENCE* Previous Experience working for a Managing General Agent (MGA)* Holds a current RIBO (Registered Insurance Brokers of Ontario) license - Will have to do test after being onboarding
Job Title
Senior Property Underwriter