Senior Underwriter, Commercial Mid-Market

CNA; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading insurance provider in Toronto is seeking an experienced Underwriter to evaluate complex risks and ensure compliance with company standards. The ideal candidate will have a Bachelor's degree and at least five years of underwriting experience, along with strong analytical and negotiation skills. This role requires independent decision-making and effective communication with brokers and policyholders.

Qualifications

• Minimum of five years underwriting experience preferred.
• Professional designations preferred.

Responsibilities

• Reviews applications and financial requirements for risks requiring complex underwriting skills.
• Determines appropriate pricing based on financial analysis.
• Prepares quotes and answers questions from Brokers and policyholders.
• Analyzes quality and profitability of risks underwritten.

Skills

Advanced knowledge of underwriting

Strong interpersonal skills

Analytical and problem-solving skills

Negotiation skills

Ability to work independently

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Office Suite

Job description

JOB DESCRIPTION

Essential Duties & Responsibilities

• Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy.
• Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
• Prepares quotes and answers questions from Brokers, policyholders, or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with brokers to reach positive and profitable outcomes.
• Notifies brokers of adverse underwriting decisions, rate changes, underwriting requirements, status, and declinations.
• Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
• Markets products and services through the brokerage community and makes field visits. Develops and maintains broker relationships.
• May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
• Keeps current on provincial and federal issues and regulations, industry activity, and trends, and freely shares information with others.
• Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
• Works with more specialists or management on risks exceeding authority level or requiring special handling.

Skills, Knowledge, and Abilities

• Advanced knowledge of underwriting and insurance industry theories and practices.
• Demonstrated high level of technical expertise and product-specific knowledge.
• Strong interpersonal, communication, and negotiation skills. Ability to effectively interact with all levels of CNA's internal and external business partners.
• Ability to work independently.
• Strong analytical and problem-solving skills.
• Ability to exercise independent judgment and to make critical business decisions effectively.
• Knowledge of Microsoft Office Suite as well as other business-related software.
• Demonstrated leadership skills.

Education and Experience

• Bachelor's degree or equivalent experience. Professional designations preferred.
• Typically a minimum of five years underwriting experience.

At CNA, we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job. If you require an accommodation during the hiring process or upon hire, please inform Human Resources. If a selected applicant requests accommodation during the recruitment process, CNA will consult with the applicant to provide suitable accommodation that takes into account the applicant’s accessibility needs.