Senior Underwriter, Marine

Continental Casualty Company-Canada; Vancouver; On-site; CAD 95,000 - 120,000; Full time

Job summary

A leading insurance company is seeking a professional to undertake underwriting responsibilities in Vancouver. The ideal candidate will have a bachelor's degree and a minimum of five years of underwriting experience. Successful candidates will demonstrate strong analytical and problem-solving skills while engaging in pricing strategies and relationship management with brokers. Competitive salary between $95,000 to $120,000 per year based on experience.

Qualifications

• Bachelors degree or equivalent experience. Professional designations preferred.
• Typically a minimum five years underwriting experience.

Responsibilities

• Underwriting risks in a book of business.
• Reviews applications for complex underwriting skills.
• Determines acceptability of risk and pricing strategies.

Job description

Overview

You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA we strive to create a culture in which people know they matter and are part of something important ensuring the abilities of all employees are used to their fullest potential.

Under technical direction responsible for underwriting risks in a book of business. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines rating manual rules and insurance laws and regulations.

Responsibilities

• Performs a combination of duties in accordance with departmental guidelines.
• 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 CNAs 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

• Bachelors degree or equivalent experience. Professional designations preferred.
• Typically a minimum five years underwriting experience.

In accordance with the Canadian requirement for transparency in job postings we are pleased to provide the salary range for this position. The salary for this role in British Columbia ranges from $95,000 to $120,000 per year depending on experience and qualifications.

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 in order to provide suitable accommodation that takes into account the applicants accessibility needs.

Required Experience

Senior IC

Key Skills

Loan Processing, Credit Analysis, Fraud, Math, Risk Analysis, Pricing, Analysis Skills, Fair Housing Regulations, Equity Research, Underwriting, negotiation, RMF

Employment Type: Full-Time

Experience: years

Vacancy: 1

Yearly Salary: 95,000 - 120,000