Senior Underwriting Specialist – Casualty – $90,000 – $110,000

Senior Underwriting Specialist – Casualty

Comma Recruitment are looking for an Underwriting Specialist – Casualty, to work in conjunction with the Director of Underwriting , to establish and maintain the national underwriting framework for the casualty line of business including guidelines, wordings & product development for  our commercial Insurance brands

This is a management level position and reports to the Director of Underwriting, we are looking for an Underwriting Specialist / Senior Underwriter with 5-10 years commercial underwriting experience including senior level experience handling large and complex files.

The Underwriter provides governance through review of portfolio level reports & by conducting audits on profit centre files.  You will be expected to provide technical guidance and insight to solve highly complex problems that have portfolio level impact, as well as supporting the underwriting profit centres in the underwriting of complex and unique accounts

RESPONSIBILITIES

• Responsible for the successful management and pricing for CGL, Umbrella and Excess casualty.
• Maintain the long term profitability of the casualty line.
• Participate with actuarial in establishing portfolio pricing.
• Conduct market research & develop business cases for proposed new products or product line changes or enhancements. Support the development of new products or product changes.
• Direct the introduction and communication of rating and exposure strategies, coverage and/or product changes in a timely manner.
• Develop and maintain a knowledge and understanding of the insurance marketplace, regulatory and compliance requirements, competitive positioning and company operations and procedures.
• Analyze effect of relevant legislation on policy coverages, and draft necessary changes and additions to policy wordings and underwriting guidelines.
• Develop & maintain expert knowledge of underwriting systems. Define the business requirements for development of I.T. systems to support the underwriting function.
• 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.
• Implement processes, to facilitate the continuous improvement, both internal/external in ease of doing business.
• Assist in the price monitoring, risk selection and data quality performance reviews.
• Participate in profit centre audits including reporting and follow up of relevant findings.
• Maintain an effective technical framework including hazard recognition, authority levels, and bulletins.
• Collaborate and support profit centre underwriting teams.
• Advise and provide counsel on more complex underwriting exposures beyond profit centre authorities.
• Support profit centres in identifying portfolio improvement opportunities and the development of action plans.
• Mentor and train less experienced underwriters and support staff.
• Participate in the training and development of profit centre underwriting and support staff members, and provide technical expertise and advice regarding products, systems, and processes.
• Counsel underwriters in respects to risk evaluation, rating and the implementation of internal procedures.
• Provide input to various underwriting, strategic, staffing and other issues as requested including industry committees.
• Work collaboratively on special projects, business transformation initiatives and assignments requiring advanced technical skills and knowledge when required.

QUALIFICATIONS

• Post-secondary school education and/or equivalent on the job experience.
• Minimum 5-10 years experience in the property and casualty industry underwriting commercial casualty
• 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]