Senior Underwriter, Cyber

Liberty Mutual Canada; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading insurance provider in Toronto is seeking an Underwriter specializing in Cyber products. The role involves driving growth through underwriting and market strategy. Candidates should have at least 4 years of experience in Cyber underwriting and be skilled in analytical thinking. This position offers a hybrid work environment and competitive benefits.

Benefits

Flexible work environment

Competitive health & dental benefits

Market-leading pension plan

Tuition reimbursement programs

Qualifications

• Minimum 4 years of experience underwriting Cyber products.
• Advanced knowledge of underwriting concepts and practices.
• Ability to grow a portfolio of Cyber business.

Responsibilities

• Production-focused underwriting of new and renewal business.
• Contribute to the Technology National Practice strategy.
• Review and negotiate policy terms and conditions.

Skills

Cyber underwriting

Analytical skills

Communication

Organizational skills

Problem-solving

Education

Post-secondary education with relevant Insurance designation

Job description

Department: Underwriting

Location: Toronto

Reports To: Vice President, Cyber, Technology & Mobility

Company Overview:

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 300 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. At Liberty Mutual Canada, our values are to foster a high-performing, equitable and inclusive culture where the best talent of all backgrounds can bring their whole selves to work and succeed.

If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:

• A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance
• Competitive health & dental benefits plan
• Market-leading pension plan
• Competitive time off policy
• External education & tuition reimbursement programs
• Employee & Family Assistance Programs
• An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion

The Opportunity:

The primary focus of this role will be driving profitable growth of our National Cyber Practice through marketing, underwriting, strategic development, and management of relevant products and services. This position requires specialized knowledge of Cyber underwriting concepts, practices, procedures and techniques, including coverage issues, products, business development, and an ability to drive profitable growth in the marketplace.

Duties and Responsibilities:

• Production-focused underwriting of assigned new business while managing renewals for select existing accounts, including analysis of risk and negotiation of policy terms and conditions while meeting growth, retention, and profitability targets in line with Liberty Mutual Canada’s strategies and treaties.
• Contribute to the development and execution of the Technology National Practice strategy.
• Where appropriate, attend local, North American, and Global Technology Industry calls/sessions and contribute to strategic discussions.
• Prepare, analysis, and present your portfolio rate / retention / booking metrics during monthly Cyber/Technology Team meetings.
• Act as a resource and authority point within the Technology team.
• Review and negotiate policy terms and conditions including drafting of manuscript wordings.Lead the expansion of Liberty broker/client base through development of marketing plans, product analysis and services while promoting our Technology Industry client solutions as well as other Liberty product offerings.
• Ensure proper organization and documentation of each underwriting file.
• Perform related duties as requested to include, but not limited to, report preparation, presentations, and special projects to assist in ensuring the success of our national Technology Practice.
• Keep the management team abreast of key developments on broker/market intelligence.
• Review, evaluate and analyze emerging technologies and trends within the industry to proactively address market changes and future coverage needs for technology and manufacturing clients.
• Work closely with Operations & Technology to identify, recommend, and execute on operational and technology initiatives to drive best-in-class service, productivity, and improve the efficiency of the renewal process.
• Meet or exceed audit requirements, compliance guidelines and underwriting best practices.
• Work closely with other Liberty business units to leverage multi-line business opportunities.
• Demonstrate effective prioritization of workload and provide superior customer service.
• Other duties as may be assigned.

Skills & Qualifications:

• A minimum of 4 years’ experience underwriting Cyber products.
• Post-secondary education including relevant Insurance designation(s)/education is considered an asset.
• Advanced knowledge of underwriting concepts, practices, and procedures within the industry.
• Proven ability to profitably grow a portfolio of Cyber business.
• Self-starter with proven analytical skills and a proven track record in a solutions-oriented approach to underwriting that drives profitable growth.
• Comfortable with critical thinking and a growth mindset, with thoughtful consideration of diverse perspectives during decision-making and respectful of differences.
• Able to respectfully give and receive positive and constructive feedback.
• Effective at managing internal and external meetings with professionalism and clarity while driving mutual accountability for results.
• Effective at change management and adapting to new systems and processes.
• Helps drive innovation through a growth mindset, viewing roadblocks as opportunities for growth and supporting new idea testing, training, and ongoing monitoring of changes.
• Excellent communication, organizational and time management skills.
• Ability to communicate in French is considered an asset.
• Collaborates well across business units.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.