Senior Underwriting Analyst

Facility Association; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a leading organization in the insurance industry as a Senior Underwriting Analyst. In this full-time position, you will leverage your expertise to manage rate filings, support product development initiatives, and oversee risk sharing eligibility processes. Strong communication and problem-solving skills are key as you engage with diverse stakeholders to deliver thorough analyses and insights. If you possess a Chartered Insurance Professional designation and significant underwriting experience, we invite you to apply and contribute to our commitment to excellence and diversity.

Qualifications

• Minimum 5 years Automobile Underwriting Experience (Personal and Commercial).
• Prior experience with regulatory rate and rule filing preferred.
• Strong understanding of legislative and regulator requirements.

Responsibilities

• Manage rate filings and collaborate with Pricing to analyze trends.
• Develop proposed rule changes with servicing carriers.
• Prepare operational reports and analyze trends.

Skills

Strong communication skills

Problem-solving

Analytical skills

Organizational skills

Technical proficiency with MS Office

Education

College Diploma in Business Administration

Chartered Insurance Professional designation

Job description

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Facility Association is a leading organization in the insurance industry that stands out by fostering an open, trusting environment where work-life balance, motivation, and career growth are key for us. Our unique business model provides the opportunity to collaborate with multiple insurance companies across various provinces, giving you a diverse and enriching professional experience. We foster an environment that values trust, openness, and motivation, ensuring that every team member feels supported and inspired.

Position Overview

The primary objective of the Underwriting Team at the Facility Association is to oversee Risk Sharing Pool (RSP) Eligibility criteria, as well as administer the Facility Association Residual Market (FARM), by maintaining a thorough understanding of the Canadian Insurance Market to develop avenues for consumers to successfully (re)enter the voluntary market.

We are seeking a detail-oriented and experienced Senior Underwriting Analyst to join our team. In this role, you will leverage your technical expertise to manage and execute rate filings, support the modernization of Facility Association Residual Market (FARM) initiatives, and oversee Risk Sharing Pool (RSP) eligibility for Private Passenger Vehicles. You will play a critical role in producing and interpreting reports, monitoring operational performance, and contributing to product development within our organization.

This is a full-time permanent position. It requires work from the office a minimum of 2 days per month.

Key Responsibilities :

Rate Filing Management and Execution :

• Collaborate with Pricing to analyze trends and determine rating actions.
• Prepare management recommendations for Rates and Rules Committee meetings.
• Compile President-level submissions for rate filing approvals.
• Draft and review rate filing documentation, including cover letters, rate profiles, and algorithm updates.
• Respond to regulator inquiries as needed.
• Assist servicing carrier operations with compliance-related packages.
• Track and ensure adherence to mandatory filing deadlines.

Product Development (Rating Rules) :

• Work with servicing carriers and internal departments to develop proposed rule changes.
• Harmonize proposed rules across jurisdictions and lines of business.
• Present recommendations to the Rates and Rules Committee and FA Governance and HR Committee.
• Update manuals with approved rules.

Report Preparation and Analysis :

• Compile and review operational reports, including Binder Control Reports and FARM Monthly Reporting.
• Provide detailed analysis of trends and risk exposures affecting FARM placements and RSP utilization.
• Monitor service standards and collaborate with servicing carriers to implement action plans.
• Investigate emerging issues, including underwriting policies for various vehicle classes.

Qualifications :

• Education : College Diploma in Business Administration, Insurance Management or related field, holder of the Chartered Insurance Professional designation preferred.
• Experience : minimum 5 years Automobile Underwriting Experience (Personal and Commercial), prior experience working with regulatory rate and rule filing preferred.
• Product Knowledge : Strong understanding of legislative and regulator requirements in jurisdictions in which FA operates.
• Communication : Strong communication skills with the demonstrated ability to engage diverse internal and external stakeholders.
• Problem Solving : Effective problem-solving skills with the demonstrated ability to devise creative solutions.
• Decision Making : This role requires analytical, research and critical thinking skills to adapt to diverse duties involving different processes. Candidates must demonstrate an ability to summarize information, identify variables and draw conclusions for a broad range of situations.
• Organization and Planning : Demonstrated ability to plan and organize multiple activities, adapting as needed.
• Accountability : Demonstrated ability to work involves adherence to established guidelines and procedures, with occasional checks for accuracy, quality, and compliance.
• Technical Skills : Proficiency with the MS Office suite of products.

Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance.

FA is proud to be an equal-opportunity employer. Alongside a commitment to excellence, FA is also committed to building a diverse working environment with hiring practices that encourage diversity in all its forms, including race, gender, sexual orientation, religion, and ethnicity, among others.

Please be advised that only those applicants who are selected for interviews will be contacted. If you are interested in applying, please send your resumé to Facility Association at [emailprotected]

Seniority level

Seniority level

Associate

Employment type

Employment type

Full-time

Job function

Job function

Administrative

Insurance

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