11 Oct
Aviva
Markham
As an Underwriter you will service a portfolio of commercial insurance business requiring a proven underwriting ability and a dedication to customer service perfection. You will be involved in the underwriting of small commercial property and casualty accounts, with premiums up to $7,500, as well as an opportunity to showcase your commercial underwriting knowledge. We are interested in speaking with insightful business-minded underwriters. You will champion excellent relationships through daily management of an assigned broker portfolio.
What you will do:
- Qualify and underwrite deals through understanding needs and risk characteristics of the customer, ensuring benefits from both top-line and profitability perspectives.
- Develop and maintain relationships cross-functionally and with external stakeholders, to deliver exceptional broker and customer service.
- Act as a point of escalation for more junior underwriters to refer Middle Market risks, and authorize risks within own established authority levels.
- Maintain the quality and profitability of the portfolio, and refer all risks outside established authority level to Specialist.
- Provide insight on market research and analysis; develop business cases for pricing, coverage and/or product improvements.
- Contribute to the introduction and communication of pricing, coverage and/or product changes on time, including creating underwriter bulletins, contributing to the development of underwriting guidelines, procedures, and manuals.
- Help identify areas of concern regarding loss ratios, risk trends, or other discrepancies, applying remediation strategies as appropriate.
- Build knowledge of all Information Systems/Programs within Commercial Insurance.
- Support maintenance of a compliant underwriting environment in relation to filed rates and rules.
- Participate in regulatory filings for rate changes and build filings for forms and underwriting.
- Maintain knowledge of industry trends, developments, and regulatory changes.
What you will bring:
- At least 2-4 years’ experience in commercial Insurance underwriting.
- Post-secondary education (Business or related discipline) or equivalent practical experience.
- CIP/FCIP preferred.
- Strong knowledge of underwriting, pricing and product in key segments, i.e., Wholesaling, Manufacturing and/or Contractors.
- Working knowledge of other functional areas (i.e., Claims, Risk Management, Accounting, etc.).
- Strong level of understanding of underwriting philosophy,
policy contracts, rating programs, risk information sources, underwriting/technical manual information, statutory constraints, and computer workflow procedures.
- Proficiency with Microsoft Office Suite, RTM, Commercial systems and other related systems.
- Ability to interact in a professional manner to develop long-term relationships with brokers and customers.
- Ability to work with internal business partners to deliver a great broker and customer experience.
- Ability to be self-motivated and proactively pursue potential business opportunities with brokers and customers.
- Ability to listen to broker and customer needs in order to effectively and efficiently meet them.
What you’ll get:
- Compelling rewards package including base compensation,
eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
- The salary band for this position ranges from $38,800 to $84,600. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity.
- Outstanding Career Development opportunities.
- We’ll support your professional development education.
- Competitive vacation package with the option to purchase 5 extra days off per year.
- Employee-driven programs focused on gender,
LGBTQ+, origins, diversity and inclusion.
- Corporate wellness programs to support our employees’ physical and mental health.
- Hybrid flexible work model.
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▶️ Commercial Underwriter
🖊️ Aviva
📍 Markham