Commercial Lines Underwriting Specialist – GTA East $70k

Responsibilities

The Commercial Lines Specialist acts as the key technical commercial underwriting resource for the Regional Commercial Underwriting teams

 

1.        Trains, coaches, and serves as technical referral resource to Commercial Lines Managers and underwriters.  Assists Commercial Lines Managers in training new staff or brokers on products, processes and underwriting procedures.

Makes key recommendations with respect to appetite, guidelines, capacity and class and US exposure risks.

2.         Mentors the decision making process on more complex and/or larger risks and problem accounts and approves risks within regional authority level in support of growth and profitability.  Also assists in process for reinsuring risks based on class, exposures, and features inherent to the risk.

3.         Participates in regional reporting process. Scope would include the identification and closure of any existing training gaps.

4.        Reviews frequency and severity reports and provides recommendations and observations.  Considers mix of business, loss ratios by line of business, fit of business and identifies problems or patterns and works with the Commercial Lines Managers to correct. Determines what resources a broker may require in order to make the business written profitable.

5.         Acts as a commercial technical resource, participating in Corporate projects and task forces or industry committees as appropriate;  Provides key Regional input and recommendations to ensure that commercial underwriting strategy recognizes local conditions and takes advantage of opportunities unique to the marketplace;

Researches industry issues which have significant potential to adversely affect commercial results and have an impact on  commercial focus.

6.        Networks with the insurance community to keep abreast of changes in the industry.

Maintains professional qualifications by participating in continuing education programs.

 

Qualifications :

Extensive Commercial Lines experience with emphasis on property and casualty; experience in commercial automobile would be a strong asset.

University degree or equivalent education and work experience.

CIP designation preferred

Must exhibit a sound knowledge of all commercial lines insurance.

Expert and current understanding of all relevant commercial underwriting policies, systems, and production related processes.

Solid awareness of competitor activity through participation in industry groups

Able to develop and foster favourable business relationships, negotiate, and conduct presentations in formal settings.

Able to review and analyze statistical reports, make recommendations and implement action plans for change as required.  Must also be able to interpret policy wordings and legal documents.

Able to make decisions in time sensitive situations, address complex problems and take calculated risks always keeping profitability in mind.  Excellent communication skills, both written and verbal.

Required competencies include:  Drive for Results, Passion for the Business, Customer Service, Developing Others, Adaptability, Creative Problem Solving, Influence, and Decisive Action.