Underwriting Specialist – Commercial Lines $75-85k

Underwriting Specialist – Commercial Lines

Responsible for:

• Successfully achieving corporate underwriting goals.
• The profitable growth of Commercial Lines department by accepting acceptable risks with acceptable conditions at adequate pricing levels.
• Managing the training requirements of the commercial department.
• Ensuring that audits are completed as per the audit guidelines and submitting an audit report to AVP Commercial.
• Ensuring department adheres to corporate underwriting standards, reinsurance treaty restrictions, limit capacity and Insurance Act regulations.
• Assist or develop new product lines of business including appropriate wordings, underwriting rules and rates.
• Provide required KPI reports
• Evaluate ‘program’ opportunities, recommend appropriate action plan and develop/manage all programs as directed by management.
• Collect and analyze competitor technical information and data and recommend any appropriate product changes or realignment of risk appetite.
• Ensure the commercial intra-net site has updated wordings, manuals, rates, marketing material etc.
• Working as a team player and leading by example, both within the department and with other departments for the overall success of the company.

Key Activities:

• Work with the commercial underwriting staff to successfully underwrite and price accounts to achieve profitable growth.
• Implement the corporate goals that have been established.
• Review the key management reports to determine what corporate goals are working effectively and what goals are not and submit a recommended action plan to AVP commercial.
• Implement the established corporate strategies in order to achieve our corporate goals.
• Use in-depth product and market knowledge to successfully underwrite and price accounts for profit and growth.
• Implement the new products or services that have been developed to successfully meet the needs of our customers.
• Technical responsibility for establishing line limits, ensuring appropriate capacity to support product development.
• Identify business opportunities including what competitive product offerings are required to remain competitive in the market place.
• Complete underwriting audits as per the audit guidelines.
• Conduct training secessions.
• Act as a technical resource for underwriting, claims, brokers, IT and management for the intent and interpretations of relevant legislation, wordings and corporate guidelines.
• Work with the Technical Committee to develop system improvements and underwriting guidelines that benefit and can be used throughout.

Experience Required

• In depth technical knowledge and experience and the ability to apply that knowledge in order to work with managers and staff including other departments to achieve corporate goals.
• In depth knowledge of underwriting principles and practices, concepts and methodologies and how they are applied for the successful achievement of corporate goals.
• In depth knowledge of commercial rates and pricing to effectively underwrite the types of business written.
• Effective oral and written communications skills.
• Effective IT skills to effectively manage corporate systems such as: IIS, OPUS, Word, Excel, PowerPoint and Outlook.
• Excellent customer service and business skills.
• Excellent coaching and mentoring skills.
• Excellent presentation skills.

Education and Experience:

• University / College degree, CIP or CRM designation or working towards.
• 8+ years underwriting experience, management /leadership experience a great asset.

Please forward resume to [email protected]