Commercial Property Underwriting Specialist / Director

Tokio Marine Canada Ltd; Montreal; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

Tokio Marine Canada Ltd seeks an experienced Commercial Property Underwriting Specialist / Director. This pivotal role involves underwriting commercial property risks, fostering broker relationships, and driving profitable growth through exceptional service. Join a dynamic team focused on providing innovative insurance solutions for Canadian businesses.

Qualifications

• 8+ years commercial underwriting experience required.
• Fluency in French and English is essential.
• Understanding of Equipment Breakdown Insurance coverages.

Responsibilities

• Underwrite property and equipment breakdown exposures.
• Evaluate risks and negotiate terms with brokers.
• Collaborate with internal and external teams to deliver exceptional service.

Skills

Negotiation

Relationship Building

Communication

Problem Solving

Education

Bachelor's degree in a related field

Tools

Excel

PowerPoint

Job description

Commercial Property Underwriting Specialist / Director

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Commercial Property Underwriting Specialist / Director

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We Are Looking for a Commercial Property Underwriting Specialist / Director

Who We Are

We are Tokio Marine Canada (TMCAN), an entrepreneurial, early-stage Canadian insurance company based in Toronto, with a focus on the commercial Property and Casualty industry. We are part of the Japanese-based Tokio Marine Group of Companies, one of the world’s largest and most reputable insurance organizations. At TMCAN we will work with select brokers across Canada providing business insurance solutions for Canadian customers across a broad spectrum of insurance coverages.

Our Noble Purpose : We believe in a future Canadian Society that is innovative, progressive, and prosperous. This will require businesses to grow, challenge the status quo, and take calculated risks. We exist to help Canadian business by supporting them in the risks they take on by partnering with select professional brokers in providing practical solutions, superb service and being there in their times of need. We are Tokio Marine Canada – we aspire to be a Good Company – and you can trust us to always do the right thing.

The Opportunity

Reporting to the Vice President, Property, and working closely with business leaders and your peers, we are looking for a Commercial Property Underwriting Specialist / Director to join our team. Our focus is simple - create the best team of professionals in the business. If you enjoy the excitement, challenges and rewards that come with creating better ways to do business, this may be the opportunity for you.

What You Will Do

Your responsibilities will include :

• Underwrite property and equipment breakdown exposures in the commercial property and construction market, mainly for the Eastern Canada region, with a specific focus on target segments, including but not limited to, manufacturing, forestry, contractors, project specific construction, warehousing and wholesale, realty and retail.
• Review submissions, identify hazards and exposures, evaluate risks, determine terms, establish capacity, set price, discuss with facultative reinsurers, and negotiate with brokers for new business, renewals, or project extensions. Terms provided will be based on TMC’s underwriting guidelines.
• Support the cross selling of multiple lines of business and coordinate quotations for multi-line customers with our Casualty and Automobile departments and seek out solutions for TMC to provide holistic s solutions to our brokers and customers situated in Eastern Canada.
• Work collaboratively alongside representatives from internal or external risk control and internal or external claims staff with a focus on delivering exceptional service to TMC brokers, MGA’s and customers.
• Drive the profitable growth of the portfolio by maintaining a strong market presence and prioritizing visibility with focus on our brokers and customers;
• Attend and participate in insurance industry, reinsurance, or broker events as required.
• You will operate within your underwriting authority to ensure TMC’s guidelines have been adhered to. Develop and adhere to appropriate underwriting standards and maintain underwriting discipline in line with the established underwriting framework.
• Work alongside your colleagues and the VP Property to ensure TMC’s governance and control ambitions are addressed through peer audits or file reviews within the established timelines outlined.
• Work with the VP Property to meet established thresholds and targets relating to gross premium, net premium, new business, renewal retention, inflation uplift, rate uplift and profitability for the various property and equipment breakdown portfolios.
• Understand and enhance underwriting strategies, develop new business propositions, document renewal strategies and plans, enhance value propositions, and work with others to build marketing messages and materials.
• Conduct analysis of lead carrier or broker manuscript policy wordings as required.
• Provide technical training, mentoring and other learning and development opportunities to Underwriters, Underwriting Assistants and other applicable individuals.

Who You Are

You are experienced underwriter with broad property underwriting experience across various sectors of the market. You are team player with a positive attitude who thrives in a consensus culture with an emphasis on collaboration. You are a self-starter who is excited by the opportunity to jump right in and can come up to speed quickly. You are comfortable working on a lean team and are not afraid to roll up your sleeves and do the work that needs to be done.

The ideal candidate will have a unique combination of education and experience including :

• 8+ years of commercial underwriting experience
• Established expertise in commercial property underwriting in upper mid-market, risk managed or specialty space
• Understanding of Equipment Breakdown Insurance coverages and service requirements for exposures within the commercial property space.
• Comprehensive knowledge and understanding of the Canadian commercial property and overall Property & Casualty insurance market
• A positive mindset, service-oriented point of view with a passion for negotiation and influence
• Strong interpersonal and relationship building skills, both inside and outside an organization
• Excellent communication skills (written and verbal) and strong presentation skills
• Creative and solution-oriented
• Comfort with insurance applications and technology including Excel, Power Point and corporate Policy Administration System
• Willingness to travel as required
• Fluency in both French and English required as the role will be operating not only in Quebec, but also in the Atlantic provinces.

A Bit More About Us

At Tokio Marine, we are a new and growing company. We value collaboration and knowledge sharing and we actively seek out ideas. Your work will have an impact. We support our employees’ growth. We work hard to create a dynamic company culture that reflects our vision – to be a good company. We seek ways to give to help our communities and support causes important to our employees. We believe our employees represent the best this industry has to offer, and we want to keep building on that.

We work in a hybrid model and you should expect to split your time between working in the office and working remotely, with flexibility based on the role and the business needs. We currently have an office in downtown Toronto and will eventually be establishing offices in other provinces. Should you currently work in a province where we do not have an office, you will remain remote until such time as we do establish an office.

TMCAN is committed to fostering an inclusive and accessible environment where employees feel valued and respected and where every employee has the opportunity to realize their potential. We are committed to providing reasonable accommodations, if required, and will work with you to meet your needs. If you are a person with a disability and require assistance during the application process, please let us know .

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Insurance

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