Commercial Underwriter

RecruitEdge Consulting; Toronto; On-site; CAD 60,000 - 85,000; Full time

Job summary

A leading consulting firm seeks a detail-oriented Commercial Underwriter to join their team in Toronto. This position involves assessing risks for commercial insurance policies and requires 2-5+ years of underwriting experience, strong analytical skills, and excellent communication abilities. Candidates should have a post-secondary education in a relevant field and professional designations are preferred.

Qualifications

• 2-5+ years of commercial underwriting experience, preferably in property, casualty, or specialty lines.
• Strong analytical and critical thinking skills.
• Excellent verbal and written communication abilities.

Responsibilities

• Review and analyze commercial insurance applications and determine risk acceptability.
• Underwrite new and renewal business in accordance with company guidelines.
• Collaborate with brokers to negotiate terms and maintain profitable portfolio performance.

Skills

Analytical skills

Critical thinking

Communication

Relationship management

Education

Post-secondary education in Business, Finance, Insurance, or a related field

CIP, CRM, or progress toward professional insurance designations

Tools

Microsoft Office

Underwriting software platforms

Job description

Hi Everyone! Exciting news! We are seeking a detail-oriented and analytical Commercial Underwriter to join our client's underwriting team. The ideal candidate will assess and evaluate risks for a variety of commercial insurance policies, ensuring that pricing, coverage, and terms align with company guidelines and risk appetite. This role requires strong decision-making skills, broker relationship management, and a solid understanding of underwriting principles in the commercial lines space.

Key Responsibilities :

• Review and analyze commercial insurance applications, reports, and other data to determine risk acceptability, coverage, and pricing.
• Underwrite new and renewal business in accordance with company guidelines and delegated authority.
• Collaborate with brokers and agents to obtain necessary information and negotiate terms when appropriate.
• Make sound risk selection decisions and document underwriting rationale clearly and accurately.
• Maintain profitable portfolio performance by adhering to underwriting strategies, loss ratio targets, and growth goals.
• Stay current on industry trends, regulatory requirements, and emerging risks in the commercial insurance sector.
• Participate in audits, training, and internal underwriting discussions to ensure compliance and consistency.
• Contribute to team initiatives including process improvement, product development, and underwriting guidelines updates.

Qualifications :

• Post-secondary education in Business, Finance, Insurance, or a related field.
• CIP, CRM, or progress toward professional insurance designations is preferred.
• 2-5+ years of commercial underwriting experience, preferably in property, casualty, or specialty lines.
• Strong analytical and critical thinking skills.
• Excellent verbal and written communication abilities.
• Proficient in Microsoft Office and underwriting software platforms.
• Proven ability to build and maintain relationships with brokers and business partners.

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