Underwriter

  • 38987
  • Non-Life - Underwriting
  • |
  • Ontario, Canada
  • |
  • Jan 27, 2021
Insurance
RESPONSIBILITIES
  • Underwrite and manage a book of property treaty business. Potential business includes property quota share, property per risk, catastrophe, net aggregates and MGA produced business.
  • Originate, underwrite and cost property treaty business in compliance with the appropriate guidelines and within allocated authority while conforming to best practices and focusing on efficiency in approach.
  • Build and maintain broker and client professional network to support profitable business origination through the Canadian broker market.
  • Track industry and market developments and raise these for strategic discussions with clients including a considered view as to how company might help the client navigate the changes.
  • Participate in underwriting audits and monitoring of account performance.
  • Travel to service customers and attend industry conferences.
QUALIFICATIONS
  • Bachelor or Master’s Degree is required
  • F.C.I.P., ARe or other industry designations are preferred
  • Typically requires a minimum of 10 years of experience in progressively advancing underwriting roles in the (re)insurance industry and/or in the reinsurance brokerage sector.
  • Strong industry relationships and well respected by reinsurance brokers and insurers.
  • Working knowledge of actuarial and pricing concepts. Experience partnering with actuarial teams to price and structure reinsurance treaties.
  • A thorough understanding of the underlying business.
  • A strong grasp of policy forms, contract wording and pricing schemes. The individual should also understand the role and impact of claims, actuarial, accounting, and finance in the underwriting process.
  • Excellent marketing skills are required to develop and maintain relationships with reinsurance intermediaries and customers.
  • Preference for strong broker and insurer contacts, with excellent understanding of the Canadian insurance/reinsurance markets.
  • The ability to converse in French is a strong attribute.
  • Strong focus on identifying client needs and flexibility in developing solutions
  • Enthusiasm for new business opportunities and the desire to think creatively
  • Strong communication, negotiation and influencing skills
  • Acts strategically and exhibits an entrepreneurial mindset
  • Excellent organizational skills and ability to manage peak period workflows
  • Ability to work in a demanding environment and effectively lead change
  • Effective strategic relationship management and portfolio management skills
  • Highly collaborative and versatile; with the ability to work effectively both independently and as part of a team.