Senior Underwriter, Construction

019978 Totten Insurance Group Inc.; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

Join a leading company in the insurance sector as a Senior Underwriter in Construction. You will be responsible for analyzing complex risks, ensuring compliance, and fostering relationships with brokers and carriers. With over 5 years of experience, this role emphasizes critical analytical skills, customer service excellence, and mentorship within the underwriting team.

Benefits

Company-matched RRSPs

Tuition reimbursement

License fee reimbursements

Discounts on events

Discounts on travel and insurance

Qualifications

• 5+ years experience in Commercial Insurance underwriting focused on construction.
• Knowledge of insurance industry regulations and compliance.
• Willing to obtain RIBO License.

Responsibilities

• Analyze and underwrite complex construction risks, focusing on builders' risk.
• Negotiate terms with broker partners and carriers.
• Mentor junior staff and support their growth.

Skills

Analytical skills

Negotiation skills

Customer service

Communication skills

Leadership

Education

Diploma

Tools

TAM

Policy Works

Job description

As a Senior Underwriter, Construction, you will be at the forefront of analyzing and underwriting complex construction risks. Your role is pivotal in maintaining our high service standards and contributing to the overall growth and success of Totten Insurance Group. You'll be part of a dynamic team, working to uphold our reputation as a market leader in the insurance sector.

What You’ll Do

• Complex Risk Analysis and Underwriting: Take charge of analyzing and underwriting complex construction risks, focusing on builder’s risk and wrap-up liability. Your expertise will guide the risk assessment process, ensuring thorough and reliable evaluations.
• Document Review and Information Gathering: Scrutinize submission documentation, including engineering reports, schedules / GANTT charts, and budget breakdowns. Utilize your keen attention to detail to request additional information as required, ensuring comprehensive and accurate assessments.
• Compliance and Standards Adherence: Ensure all activities comply with company standards, underwriting guidelines, and delegated underwriting authority contracts. Your role is crucial in maintaining the integrity of our underwriting processes.
• Carrier Collaboration: Prepare and submit detailed referral documentation to carriers, both domestically and at Lloyd's. Your diplomatic skills will foster productive relationships with carrier partners.
• Broker Partnership and Negotiation: Present quotations to broker partners, negotiating the best terms for clients. Your negotiation skills will impact client satisfaction and business success.
• Business Development: Play a pivotal role in soliciting new broker and carrier partnerships while nurturing existing relationships. Your networking ability will drive growth and expansion.
• Customer Service Excellence: Uphold high standards of customer service. Your commitment to client satisfaction will reinforce Totten’s reputation.
• Mentorship and Team Development: Mentor junior staff, supporting their growth. Your guidance will shape the future talent of Totten Insurance Group.

What You’ll Need for Success

• 5+ years experience in Commercial Insurance underwriting or retail broking with a focus on construction (builders’ risk, wrap-up liability, etc.)
• Strong analytical skills and sound judgment in risk selection.
• Decision-making skills and creativity in underwriting risks.
• Business development and sales experience preferred.
• Excellent communication and negotiation skills, with relationship-building focus.
• High standards of customer service and quality delivery.
• Leadership qualities with a passion for mentoring and team development.
• Knowledge of insurance industry regulations and compliance.
• Strong work ethic, organizational skills, and team collaboration.
• Experience with TAM or Policy Works broker management systems.
• Willingness to travel up to 25% for broker visits and meetings.
• Working towards or possessing CIP Designation.
• Willing to obtain RIBO License.

Choose Totten and Elevate Your Career

Totten Insurance Group is Canada's leading national MGA provider, specializing in niche products and innovative solutions. Supporting over 2,000 independent brokers across Canada, our divisions include Commercial Casualty, Commercial Property, Hospitality, and Professional Liability, each offering specialized expertise to meet diverse client needs. To learn more, visit our website.

We prioritize your well-being with competitive pay, incentives, flexible work arrangements, comprehensive benefits including company-matched RRSPs, training, tuition reimbursement, license fee reimbursements, and perks like discounts on events, travel, and insurance.

We are committed to diversity, equity, and inclusion, fostering an environment where every team member feels valued and empowered. We welcome support or accommodations during the recruitment process to ensure equal opportunity for all.

LI-hybrid

LI-DH

Department: Underwriting

Required Experience: 5-7 years of relevant experience

Required Travel: No Travel Required

Required Education: Diploma