Senior Underwriting Specialist, NRP

Sovereign Insurance; Toronto; Hybrid; CAD 102,000 - 171,000; Full time

Job summary

An established industry player is seeking a Senior Underwriting Specialist to provide expertise in National Resource Practice underwriting. This role involves mentoring underwriters, refining risk appetite, and managing a profitable book of business across various sectors, including renewable energy and oil & gas. The company values collaboration and well-being, offering a comprehensive rewards package and a supportive environment. If you are passionate about underwriting and eager to make an impact, this opportunity is perfect for you.

Benefits

Competitive salary

Bonus structure

Paid time off

Pension plan

Health benefits

Flexible work options

Mental health programs

Qualifications

• 10+ years of experience in commercial underwriting, especially in Property and Liability.
• Strong analytical skills and understanding of portfolio analysis metrics.

Responsibilities

• Provide thought leadership on National Resource Practice underwriting practices.
• Mentor and guide underwriting personnel on complex insurance risks.

Skills

Commercial Underwriting

Analytical Skills

Risk Assessment

Portfolio Analysis

Mentoring

Education

Bachelor's Degree

CIP Certification

FCIP Certification

CRM Certification

Job description

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Company: Sovereign

Department: SOV - Commercial Underwriting

Employment Type: Regular Full-Time

Work Model: Hybrid

Language: English is required, French is an asset.

The Opportunity:

Sovereign Insurance believes your experience matters. This is our promise to not only our clients but to our employees as well, because we know the strength of our company starts with our people. The smart, curious and collaborative people who bring their whole heart and passion to work each day. But you can’t pour from an empty cup; we take care of the well-being of our people so that they are inspired to protect Canadian businesses and the lives, families and communities we impact. Join us and begin shaping your experience at Sovereign.

As a Senior Underwriting Specialist, NRP, you will provide thought leadership and industry recognized expertise on National Resource Practice (NRP) underwriting practices and function as an advisor and mentor for all underwriters regarding complex insurance risks. The role is national in scope, partnering with brokers across Canada in renewable energy, power generation, mining, oil & gas, excess property, and large scale technical construction for a variety of other industries.

How you will create impact:

• Participate in the on-going refinement of the risk appetite and underwriting strategies for NRP.
• Mentor and provide underwriting guidance to all underwriting personnel including management.
• Collect, assess, and disseminate industry intelligence to the team and the regions, identifying key areas of major impact to the business.
• Underwrite and manage a profitable book of new and renewal business as per Sovereign appetite and guidelines.
• Analyze wordings to ensure terms and conditions, including auxiliary coverages, are appropriate. Identification when legal consultation is necessary.
• Analyze risk including understanding the technology and processes, exposure identification and associated risk mitigation controls. Reviewing for risk acceptability and engaging risk engineering collaboration.
• Promote the NRP core appetite, products, and capabilities externally across our Canada wide broker distribution channels.
• Develop and maintain positive and mutually beneficial relationships with brokers.
  
  

How you will succeed:

• You thrive on leading and motivating others to embrace accountability to deliver our exceptional client experience and achieve results.
• You ensure you and your team’s day to day actions are in harmony with the company’s purpose, vision, and values even when challenged.
• You take responsibility for guiding others through changing conditions and creating a supportive culture that encourages the exploration of new opportunities or innovations.
• You value and encourage others to have cooperative and collaborative dialogue because diverse perspectives offer more creative and productive solutions.
  
  

To join our team:

• You have a Bachelors degree, with one of the following professional designations: CIP, FCIP, CRM
• 10+ years of experience in commercial underwriting specifically in Property, Equipment Breakdown and Excess Liability, with at least 5 at the senior or specialist level.
• Strong analytical skills and an understanding of portfolio analysis metrics
• Specialized experience in Renewable Energy, Power Generation, Mining and Oil & Gas
• This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.
  
  

What you need to know:

• You will handle sensitive information where a high degree of confidentiality and discretion is required.
• You will travel to market and represent the National Resource Practice (NRP) to our partner brokers and insured throughout Canada
• You will be subject to a background check as a condition of employment, in the event you are the successful candidate.
  
  

What’s in it for you?

• The opportunity to take on challenging work and contribute your expertise, creativity, and passion in meaningful ways.
• A comprehensive total rewards package, including competitive salary, bonus, paid time off, pension and benefits.
• A holistic approach to your well-being, with physical and mental health programs and flexible work options.
• The opportunity to work on an inclusive team who inspire each other to explore and achieve what’s possible.
• An organizational commitment to sustainability and charitable giving; positively impacting the social, environmental and economic well-being of Canadian businesses, families and communities.
  
  

Expected Salary Range: $102,164.00 - $170,273.00

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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