Commercial Underwriting Specialist, Programs and Major Accounts

SML Inox; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Commercial Property & Casualty Underwriter to join their dynamic team. This role involves evaluating large commercial insurance risks and negotiating tailored solutions to meet client needs. With a strong reputation for expertise, this global insurance company offers a hybrid working model, competitive salary, and numerous career progression opportunities. If you are passionate about underwriting and thrive in a collaborative environment, this is the perfect opportunity for you to make a significant impact in the insurance sector.

Benefits

Health benefits and spending account

Pension plan

Transportation subsidy

Paid vacation + Personal days

Additional days off during holidays

Continuous learning opportunities

Qualifications

• 6+ years of experience in Commercial P&C Underwriting required.
• Strong knowledge of underwriting pricing models and guidelines.

Responsibilities

• Evaluate and price policies, negotiate terms, and manage risks.
• Develop relationships with stakeholders for quality service.

Skills

Commercial Property & Casualty Underwriting

Negotiation Skills

Risk Management

Problem Solving

Education

Insurance designation (CIP, FCIP, CRM)

Tools

Underwriting Pricing Models

Job description

We are working on an exciting opportunity for the right person to join a specialized insurance company that has global exposure and numerous career progression opportunities.
Our client is a global insurance company that provides specialized insurance solutions to local communities and organizations. Famous for its extensive track record in catering to the insurance requirements of specialized sectors, they have established a strong reputation for their expertise and reliable solutions.

As a Senior Commercial Property & Casualty Underwriter, you will evaluate large and complex commercial insurance risks, premiums between $250,000 to $10,000,000. You will negotiate policy terms, and collaborate with internal stakeholders to provide tailored insurance solutions. You will be responsible for underwriting guidelines, regulations, and risk management to make informed decisions and contribute to profitable underwriting practices.

Benefits & Perks:

• $90,000 - $120,000 salary negotiable, depending on experience plus annual bonus
• Health benefits and spending account
• Pension plan, transportation subsidy
• Paid vacation + Personal days, additional days off during summer and winter holidays
• Continuous learning and career progression opportunities
• Hybrid working model, office located in downtown Toronto

Responsibilities:

• Evaluate, select, negotiate, and price policies assigned to you
• Develop and maintain professional relationships with internal and external stakeholders to enhance market understanding and ensure quality service, problem-solving, and risk selection
• Apply best business practices for compliance, internal control, and operational risk management
• Mentor and train less experienced underwriters and support staff
• Maintain a working knowledge of company operations and procedures
• Perform other assigned duties as needed

Qualifications:

• Minimum 6 years of comprehensive experience in Commercial P&C Underwriting
• Must have experience in program underwriting
• Strong knowledge in underwriting pricing models and guidelines
• Experience in underwriting in portfolio, managing Delegated Underwriting Authority (DUA)
• Insurance designation such as CIP, FCIP, or CRM