Senior Commercial Underwriter

DGA Careers; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

A leading MGA firm in Downtown Toronto is seeking a Senior Commercial Underwriter (P&C) to underwrite and develop business while mentoring junior underwriters. The ideal candidate will have at least 5 years of experience in commercial property insurance, excellent communication skills, and a strong technical background. This hybrid role requires a commitment to compliance and relationship management. Join a dynamic team and contribute to our continued success in the insurance market.

Qualifications

• Minimum 5 years experience in commercial property insurance.
• Ability to evaluate and write large, complex accounts.
• Strong knowledge of legal and regulatory requirements.

Responsibilities

• Underwrite and develop property and casualty business.
• Mentor junior underwriters and moderate teams.
• Ensure compliance with internal and external regulations.

Skills

Commercial property insurance writing

Technical competency

Risk profiling

Communication skills

Analytical skills

Interpersonal skills

Numeracy

Education

Post secondary education & CIP/FCIP qualified

Tools

Excel

Job description

Working with an award-winning MGA located in Downtown Toronto that is looking to hire a Team player to join their growing Team. Your key responsibilities will be to underwrite and develop business, while mentoring a small team of more junior underwriters.

Title: Senior Commercial Underwriter (P&C)

Location: Downtown Toronto (Hybrid)

Responsibilities

• Moderate and mentor our existing teams of experienced underwriters.
• Ability to Underwrite new and existing property and casualty business by analyzing clients’ business operation, current coverage, and previous claims experience to determine exposure and set appropriate terms and premiums.
• Reporting to the Senior Vice President responsible for Underwriting and Insurer engagement.
• Comply with all legal and regulatory requirements to ensure obligations are met
• Contribute to recording and measuring of insurance risks to ensure accuracy and good practice
• Strong customer service focus with an emphasis on assisting colleagues in resolving broker requests and concerns in a timely fashion
• Develop and maintain strong relationships with stakeholders including customers, brokers, business partners and colleagues
• Utilizes knowledge of market dynamics and market cycles to operate effectively and appropriately
• Meet business objectives, including:
• negotiating rates, terms and conditions for existing and new business and renewals
• managing production and issue contract certainty documentation within set timeframe.
• ensuring compliance with internal and external regulations and guidelines
• ensuring contribution to the business plan and objectives
• Participate in the review and analysis of the portfolio to identify progress toward business objectives
• Contribute to the aggregate management and peer review processes to encourage and develop excellence.

Requirements

• Minimum 5 years experience writing commercial property insurance; casualty and professional liability experience an asset.
• Post secondary education & CIP/FCIP qualified preferred
• High level of technical competency in evaluating and writing large, complex accounts
• Knowledge of commercial property forms, pricing and rating methodology, modeling and valuation tools
• Ability to review and understand standard property and casualty policy wordings
• Ability to analyze data and use for risk profiling and decision-making
• A high level of numeracy and literacy
• Market awareness and broker development acumen
• Thorough knowledge of legal and regulatory requirements
• Motivated, enthusiastic, dynamic and flexible
• Strong analytical, organizational and prioritisation skills
• Strong communication, interpersonal, influencing and negotiating skills
• Advanced level understanding of relevant software, including Excel and other departmental software packages.