Sr Underwriter, Regional Auto (Farm)

Definity Financial Corporation; Waterloo; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial corporation is seeking an Underwriter to assess and manage commercial automobile fleet and garage insurance. The ideal candidate will have strong market knowledge, excellent communication skills, and a proven ability to build positive relationships with brokers. This role involves decision-making on risk acceptance, mentoring team members, and contributing to profitable business growth in a dynamic environment.

Qualifications

• Minimum of 3-5 years Commercial Automobile Fleet & Garage underwriting experience.

Responsibilities

• Assessing and accepting new business submissions within underwriting authority.
• Negotiating terms and conditions of risk acceptance with brokers.
• Mentoring and providing technical support to less experienced team members.

Skills

Communication

Problem Solving

Sales Orientation

Education

University degree or college diploma

CIP designation

Tools

Microsoft Word

Excel

Job description

What to expect

• Assessing, accepting, and declining moderate to complex new business submissions, within assigned underwriting authority
• Re-underwriting and negotiating renewals and policy endorsements
• Ordering of inspections, financial reports, or other underwriting information for use in your analysis of critical risk hazards and decision making
• Negotiating the terms and conditions of risk acceptance with brokers in writing, by telephone, electronic mail or in person
• Participating in production calls on brokerage offices, as required
• Providing technical support to brokers
• Actively participating in weekly internal production meetings
• Mentoring and providing technical support to less experience team members
• Contribute to the profitable growth of the business by identifying the underlying factors that contribute to the profitability of a risk while demonstrating the ability to constructively engage, influence and negotiate to exceed broker needs and expectations.
• Demonstrate a strong market knowledge and visibility in the industry as a respected collaborator able to partner with brokers for the purpose of growing a profitable portfolio of business.
• Make underwriting and pricing decisions on individual risks, as well as underwriting the individual risk within the context of a broker's broader portfolio of business.
• Be accountable for the selection and proper rating of mid-market property insurance transaction types (e.g., applications, endorsements, renewals, cancellations, voids, reinstatements, etc.).

What you bring

• University degree or a college diploma or the CIP designation is required
• Minimum of 3-5 years Commercial AutomobileFleet & Garage underwriting experience
• Proficient in Microsoft Word and Excel
• Professional friendly and courteous in all interactions, with both customers and co-workers
• Performs well in a busy environment and remains calm under pressure
• Team player adaptable to a changing environment
• Strong written and verbal communication skills
• Strong problem solving abilities
• Strong sales orientation
• Proven ability to develop and maintain positive broker relations