Special Risks – Underwriting Specialist

Underwriting Specialist – Special Risks – Downtown Toronto

JOB PURPOSE

The Underwriting Specialist is responsible for the evaluation and servicing highly complex and unique accounts within the Finance segment of Specialty Risk including exposure to fronting, in accordance with established guidelines and business objectives. The incumbent will be expected to solve highly complex problems by applying a breadth of expertise to identify innovative solutions as well as develop and refine contract wordings.

This role is management level, no direct reports, this position will report to Director, Special Risks

RESPONSIBILITIES

1 Responsible for the successful management and pricing of designated portfolio of fronting and net risk accounts.

• Maintain the long term profitability of a significant portfolio of Fronting accounts regardless of market conditions. This includes the ability to successfully negotiate terms, conditions and pricing to achieve new business, renewal and profitability targets.
• Execute risk selection decisions within the assigned authority and in accordance to corporate guidelines for correct pricing techniques.
• Refer and redirect requests for risk selection for unique or unusual risks beyond personal authority, along with recommendations.

2. Develop contract wording for new product proposals and business plans.

• Review and manage existing contracts.
• Develop new contract wordings.
• To ensure products and service are delivered in the most effective manner to achieve profit and growth objectives.
• Work with external clients, general counsel and reinsurance departments on contract wordings.

 

3. Collaborate with and support Specialty Risk team in the development of products and pricing strategies to achieve profitable growth.
4. Understand and apply best business practices towards compliance, internal control and

operational risk controls in accordance to national standards and regulatory standards and policies.

• Monitor trends and developments identifying areas of concern regarding loss ratios, risk trends, or other discrepancies.

5. Develop and maintain a knowledge and understanding of company operations and procedures, including demographic, economic, and social characteristics to increase market share.

• Fully supports and understands corporate and Regional financial and underwriting goals and objectives and ensures all underwriters are knowledgeable as to these goals and objectives.
• Participate in the development of business plans to contribute to corporate objectives and assist in the presentation of proposals as required.

6. Work collaboratively with Supervisors and/or Managers on special projects and assignments requiring advanced technical skills and knowledge when required.
7.  Other duties as assigned.

QUALIFICATIONS & SKILLS

• Proficient in creating and understanding contract wordings; proficiency in the use of Microsoft Word.
• Proficient in creating and maintaining Microsoft Excel-based spreadsheets and workbooks.
• Accurate and detail oriented.
• Commitment to high standards of performance and goals.
• Strong verbal and written communication skills.
• Demonstrated presentation skills.
• Ability to foster and build good working relationships with brokers, customers and business areas inside and outside the work unit.
• Ability to influence decisions and gain agreement and/or support on sensitive issues.
• Strong analytical and decision-making skills.
• Post-secondary school education in legal/accounting preferred and/or equivalent on the job experience.
• Minimum 7-10 years’ experience in underwriting property and casualty or senior level experience in Special Risks – experience  including data analysis, coverage review and form creation is favourable
• Existing relationships within the industry are valued.
• Broad knowledge and understanding of underwriting discipline and pricing models.
• Working knowledge of company underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures.
• Ability to work within and adapt to PC oriented environments, including familiarity with e-mail and Internet skills. Advanced knowledge of Microsoft Office.
• Completion of the CIP/FCIP designation an asset.

Please forward resume to [email protected]

Medical Report Editor

Medical Reporting – Quality Assurance

Comma Recruitment are currently looking for Quality Assurance staff for medical reports, you must have a medical background or Kinesiology qualification.

You will be reviewing medical reports, insurance injury reports and editing for quality and accuracy.

You will also be responsible for file coordination, working with medical professionals and injury clinics.

Qualifications:

• Knowledge of the medical examination process
• Experience in clinical editing and proof-reading to produce medical reports
• Attention to detail
• Superior organizational and time management skills
• Ability to work under pressure
• Excellent command of the English language, in both written and oral forms
• Superior knowledge of medical terminology and the scope of practice of different disciplines
• Working knowledge of Microsoft Windows

Full time position $35,000 – $40,000 + benefits and vacation

Monday – Friday 9am – 5pm

Please forward resume to [email protected]   

Executive Underwriter – Property and Casualty

Executive Underwriter P&C

Comma Recruitment are looking for a Senior Underwriter / Specialist or Underwriting Manager with 10 years P&C Commercial Underwriting experience.

The Executive Underwriter is responsible for underwriting and servicing highly complex and unique accounts in accordance with established guidelines and business objectives in the achievement of national standards for data quality and service levels.

The Executive Underwriter will be expected to solve highly complex problems by applying a breadth of expertise to identify innovative solutions and also in interpreting internal and external business issues and recommending best practices.  In addition to underwriting responsibilities, this position is responsible for the mentorship and training of underwriting and support staff, ensuring best practices and guidelines are understood and applied.

 

Responsibilities:

• Responsible for the successful management and pricing of designated portfolio of accounts.
• Develop and maintain a professional relationship with brokers and/or customers to enhance understanding of the target market and to contribute to quality service, problem solving, and risk selection.
• Collaborate with and support corporate underwriting teams in the development of products and pricing strategies to achieve profitable growth.
• Understand and apply best business practices towards compliance, internal control and operational risk controls in accordance to national standards and regulatory standards and policies.
• Develop and maintain a knowledge and understanding of company operations and procedures, including demographic, economic, and social characteristics to increase market share.
• Mentor and train underwriters and support staff.
• Provide input to their Manager/Division Head and/or Corporate Underwriting on various underwriting, strategic, staffing and other issues as requested.
• Work collaboratively with Supervisors and/or Managers on special projects and assignments requiring advanced technical skills and knowledge when required.

Requirements

• Post-secondary school education and/or equivalent on the job experience.
• Minimum 7-10 years experience of property and casualty underwriting
• Broad knowledge and understanding of underwriting discipline and pricing models.
• Working knowledge of company underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures.
• Ability to work within and adapt to PC oriented environments, including familiarity with e-mail and Internet skills. Advanced knowledge of Microsoft Office.
• Completion of the CIP/FCIP designation.

Please forward resume to [email protected]

 

Senior Manager / Director – Life and Health Underwriting

Senior Manager / Director – Life and Health Underwriting

This role is responsible for the management and continued development of a strong, dynamic underwriting team including the coordination of all related activities.

These responsibilities include managing the quality, training and efficiency of the team, ensuring that underwriting decisions are consistent with company guidelines, risk selection, underwriting philosophy, policies/procedures, as well as collaborating in the development activities, and service projects while ensuring work efficiency and process improvements.

This role acts as a contact person with the various distribution networks, suppliers and reinsurers.

Key Activities:

• Lead, coach and mentor the underwriting team, and act as technical expert on the more difficult and complex underwriting issues.
• Recruit, train, coach and manage performance gaps and processes and other issues within the team.
• Monitor workflow processes to ensure maximum productivity is being realized, and make changes as appropriate.
• Ensure staffing levels are appropriate, and employees are sufficiently trained and are continuously developing. Develop business case to add additional staff as required.
• Ensure underwriting guidelines are current, and consistent with the company’s objectives; ensure guidelines are being followed by underwriting team. Keep abreast of any changes in the industry and keep Executive Management aware of these changes.
• Manage vendor relationships (e.g., external companies that manage the collection and analysis of specimen) ensuring cost, quality and service meet company standards.
• Participate in development of Underwriting budget and monitor expenditures on an ongoing basis.
• Provide input into the development of new products or the review of existing products as required.
• Monitoring underwriter’s files and decisions on a regular basis providing quality assurance to ensure decisions are appropriate and are compliant with company’s underwriting policies, procedures and systems.
• Collaborates and coordinates operations with the managers responsible for Underwriting, included providing the necessary support, in addition to verify compliance with standards and policies and quality work
• Performs various projects in line with strategic planning and objectives of management.
• Proposes changes to systems to improve the efficiency and quality of operations involved in the preparation of requests, including prioritization, and implementation

Comma Recruitment are looking for a Senior Underwriter with leadership experience, will also be open to a Director and will adjust role and salary accordingly.

10 years experience with Individual Life and Health Underwriting, including knowledge of medical terminology, strong understanding of the human body

Analytical/logical thinking, excellent problem solving abilities

Excellent oral and written communication skills are required

The ability to make sound decisions is also necessary

Demonstrated ability to facilitate, plan and deliver technical training

Demonstrated leadership, organizational and people management skills

Proven interpersonal and team building skills including ability to create a motivated team environment

 

Requirements

• University degree or equivalent industry education/ experience
• Ten + years of experience in individual life/health underwriting
• Experience in a leadership role
• Knowledge of life/health products in personal insurance
• FALU or working towards

 

Please forward resume to [email protected]

Sales: Home and Auto. Full Time, Toronto East

Personal Lines Sales (Home and Auto ) – $38,000 Base Salary + Bonus and Commissions

Comma Recruitment have  full time opportunities for sales professionals with experience in direct sales, telemarketing or retail sales background to join a brokerage that offers in house full time training, pays for RIBO licensing and provides in class training prior to RIBO exam.

You will be mentored and educated, provided with all the tools for long term insurance sales success, in return we require bright and talented, hardworking individuals with outstanding communication skills and the ability to build relationships and close sales.

Please highlight a proven sales background in your previous roles, this opportunity provides full training, licensing, salary and benefits with opportunities for commissions and bonuses.

Please forward a resume to [email protected]

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