Chief Underwriting Officer

Lakeshore Human Capital Inc.; Toronto; On-site; CAD 150,000 - 250,000; Full time

Job summary

A leading commercial insurer in Canada is seeking a Chief Underwriting Officer to join their executive leadership team. This role requires extensive experience in underwriting strategy and team management, focused on driving profitable growth in a client-centric culture.

Qualifications

• 15-20 years’ experience in property and casualty insurance.
• 8 years in senior underwriting role focused on commercial lines.
• Experience managing and leading a team for 8-10 years.

Responsibilities

• Provide leadership and direction for underwriting operations.
• Develop policies and procedures for profitable underwriting.
• Monitor adherence and evaluate underwriting experience.

Skills

Leadership

Business Acumen

Customer Orientation

Education

University Degree

FCIP / CIP / CRM

Job description

Our client is a specialty commercial insurer that has been operating in Canada for over 50 years. With approximately 100 staff across 4 offices, they have the immediate need for a Chief Underwriting Officer to join the team. This is a unique opportunity to be part of the executive leadership team in Canada to help set the strategy for the region. The preferred candidate will have a strong underwriting background (in commercial insurance) and be a hands-on leader.

THE POSITION

The Chief Underwriting Officer (“CUO”) is responsible for providing leadership and for setting the direction of Underwriting including establishing the company’s underwriting philosophy, policies and procedures resulting in profitable growth, with continuous improvement in a client centric culture.

As a member of the executive leadership team, the Chief Underwriting Officer contributes to the development of corporate strategy and business plans.

Key responsibilities include :

• Provide leadership and direction to ensure the Company is a leading provider of P&C lines of business in Canada within its chosen segments.
• Develop strategies for the development, structure, pricing, risk eligibility and risk assessment of insurance products.
• Develop policies, guidelines and procedures that contribute to effective, efficient and profitable underwriting, processing and issuance of insurance policies for all lines of business written by the company.
• Establish, implement and maintain appropriate authorization controls and procedures to facilitate appropriate risk acceptance and risk management.
• Monitor adherence to underwriting policies, guidelines and procedures through periodic file reviews and other appropriate investigative techniques.
• Establish and review appropriate management information to identify, evaluate and correct any deterioration or adverse trend in underwriting experience.
• Design, develop and maintain insurance products and wordings that are appropriate for the company’s strategy, business plans and marketing requirements.
• Oversight of pricing, solutions for all lines of business.
• Optimize underwriting processes and procedures to drive efficiencies and appropriate service solutions.

PROFESSIONAL EXPERIENCE AND QUALIFICATIONS

• Approximately 15-20 years’ relevant property and casualty insurance experience with a minimum of 8 years in a senior underwriting role focused on commercial lines.
• A minimum of 8-10 years’ experience managing and leading a team.
• Strong business acumen with a comprehensive awareness of the business and regulatory environment.
• Strong understanding of general insurance strategies and how competitors, market cycle, technology and legislative trends will create opportunities and threats for the organization.
• Strong customer orientation with the ability to build sustainable relationships.
• A hands-on management style with a strong result orientation and bottom-line focus.

EDUCATION

• University Degree.
• FCIP / CIP / CRM.

We thank all applicants but only those selected for an interview will be contacted.