Senior Underwriter – Special Commercial Risks (Consumer Warranty and Guarantee) – Toronto

Senior Underwriter – Special Commercial Risks (Consumer Warranty and Guarantee)

Comma Recruitment are looking for a senior commercial underwriter with technical expertise on complex specialty risks. You will be responsible for the underwriting and service of accounts and complex exposures in the consumer warranty and guarantee sector.

You will evaluate, select, and establish/negotiate proper pricing levels for risks in order to ensure a profitable book of business within established underwriting guidelines.  Senior Underwriters are responsible for identifying, investigating, and developing new business/expansion opportunities.

1.            Ensure quality risk selection and pricing to maximize underwriting profitability and increase market share in the consumer warranty/guarantee and related products area.

2.            Responsible for the input of all account information and data to the Specialty Risk system.

3.            Develop customized Work/Excel reports to record, monitor and analyze premium, claim and security data for assigned accounts.

4.            Assist in the drafting and analyzing of account agreements and forms.

5.            Monitor on a monthly basis the financial performance of assigned accounts.

6.            Ensure monthly receipt of required reports and security from clients and external partners.

7.            Assist with introduction and communication of pricing, coverage and/or product changes in a timely manner.

8.            Participate in the development of business plans to contribute to corporate objectives.

9.            Act as a resource as required, making use of knowledge of territory, broker, market, and interpersonal and technical skills.

10.          Identify, investigate, and develop new business/expansion opportunities.

11.          Monitor trends and developments, identifying areas of concern regarding loss ratios, risk trends, or other discrepancies and recommend remedial solutions to management.

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

13.          Maintain knowledge of industry trends, developments, and regulatory changes.

Comma Recruitment are looking for several years of insurance experience supporting specialty and alternative risk programs, especially knowledge of the extended warranty business.

•             Post-secondary education or equivalent combination of education and experience (Business or related discipline).

•             Working knowledge of GAP, replacement cost, Etching, brown/white goods and other related consumer products

•             Working knowledge of underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures.

•             Working knowledge of other functional areas (i.e. Claims, Risk Management, Premium Accounting, etc).

Please forward resume to [email protected]