Financial Lines Underwriter

Placements24; Kimberley; Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Medical aid

Life insurance

Retirement fund

Fully remote role

Flexible hours

Professional development

Job summary

Client Insurance Partners is seeking a Financial Lines Underwriter for a remote-first role in Canada. You will underwrite D&O, PI, and Cyber, assess risks, price policies, and nurture broker partnerships across the region.

The ideal candidate has 5+ years' underwriting experience with a focus on Financial Lines, plus strong analytical and communication skills. Remote work offers flexibility and opportunities for professional growth.

Qualifications

• Minimum 5 years underwriting experience, with 3+ years in Financial Lines (D&O, PI, Cyber).
• Bachelor's degree in Law, Finance, Business or related field.
• Professional designations (e.g., ACII, FLMI) are advantageous.
• Excellent communication, analytical and decision-making skills.

Responsibilities

• Underwrite new and renewal Financial Lines business, accurately assessing exposures and pricing terms.
• Develop and maintain strong relationships with brokers and intermediaries, providing expert guidance.
• Analyze financial statements and corporate structures to evaluate risk exposures for Financial Lines products.
• Ensure underwriting decisions comply with guidelines, philosophy, and regulatory requirements.
• Contribute to development of underwriting strategies, appetite and product wordings for Financial Lines.
• Monitor portfolio performance and implement strategies for profitable growth.
• Collaborate with claims teams to manage complex claims and mitigate losses.
• Stay updated on market trends, regulatory changes, and emerging risks relevant to Financial Lines insurance.
• Participate in broker meetings and industry events to represent the company.

Skills

Underwriting experience

Financial lines knowledge

Broker relationships

Regulatory knowledge

Remote work capability

Education

Bachelor's degree in Law, Finance, Business or related field

Tools

Microsoft Office Suite

Job description

About the Role

Our client, a leading specialty insurance provider, is seeking a highly skilled and experienced Financial Lines Underwriter to join their fully remote team. This crucial role involves the underwriting of complex Financial Lines products, such as Directors & Officers Liability (D&O), Professional Indemnity (PI), and Cyber Liability insurance. You will be responsible for assessing risks, pricing policies, and developing strong relationships with brokers across the region. As a remote-first organization, we value collaboration, innovation, and providing our employees with the flexibility to work from anywhere. The ideal candidate will possess a deep understanding of Financial Lines insurance, strong analytical and decision-making skills, and a proven ability to manage a profitable portfolio. We are looking for an individual who is proactive, possesses excellent communication skills, and is committed to delivering exceptional service to our broker partners. This is an outstanding opportunity to advance your career in a specialized and dynamic area of the insurance industry.

Key Responsibilities

• Underwrite new and renewal Financial Lines insurance business, accurately assessing exposures and determining appropriate pricing and terms.
• Develop and maintain strong relationships with brokers and intermediaries, providing expert advice and support.
• Analyze financial statements, corporate structures, and other relevant data to evaluate risk exposures for Financial Lines products.
• Ensure all underwriting decisions are in compliance with company guidelines, underwriting philosophy, and regulatory requirements.
• Contribute to the development and refinement of underwriting strategies, appetite, and product wordings for Financial Lines.
• Monitor portfolio performance, identifying trends and implementing strategies to achieve profitable growth targets.
• Collaborate with claims teams to manage complex claims and mitigate potential losses.
• Stay updated on market trends, regulatory changes, and emerging risks relevant to Financial Lines insurance.
• Participate in broker meetings and industry events to represent the company and enhance its market presence.
• Provide technical underwriting support and guidance to internal teams and external partners.

Requirements

• A minimum of 5 years of experience in underwriting, with at least 3 years focused specifically on Financial Lines (D&O, PI, Cyber).
• Proven track record of successful underwriting results and profitable portfolio management in Financial Lines.
• In-depth knowledge of Financial Lines insurance products, policy wordings, and legal/regulatory frameworks.
• Excellent analytical, critical thinking, and decision-making skills.
• Strong negotiation and relationship-building abilities with brokers and underwriters.
• Proficiency in underwriting systems, risk assessment tools, and Microsoft Office Suite.
• Bachelor's degree in Law, Finance, Business, or a related field.
• Professional designations (e.g., ACII, FLMI) are highly advantageous.
• Ability to work autonomously and manage workload effectively in a remote setting.
• Strong understanding of the South African insurance market is preferred.
• Excellent written and verbal communication skills.

Benefits

• Our client offers a highly competitive salary and a comprehensive benefits package, including medical aid, life insurance, and a retirement fund.
• As a fully remote role, you will enjoy the ultimate flexibility and work-life balance.
• Opportunities for continuous professional development, including support for industry certifications and advanced training programs, are provided.
• Performance-based bonuses and incentives are part of the attractive compensation structure.
• A dynamic and supportive virtual team environment, fostering collaboration and knowledge sharing.
• Opportunities for career progression within the organization, including potential for leadership roles.
• Access to cutting-edge underwriting tools and resources.
• We foster a culture of innovation, accountability, and mutual respect.
• Employee assistance programs are available to support well-being.
• This is an exceptional chance to excel in the specialized field of Financial Lines insurance.