Sr Underwriter, Strategic Placements

Economical Insurance; Toronto; Hybrid; CAD 69,000 - 127,000; Full time

Job summary

A leading insurance provider in Toronto is seeking a Senior Underwriter, Strategic Placements to support the delivery of strategy and manage complex property risks. The ideal candidate will have a degree in Business Administration and 4-8 years of experience. This full-time role offers a hybrid work schedule, competitive salary, and a focus on inclusion and diversity.

Benefits

Company share ownership program

Pension and savings programs

Paid volunteer days

Educational resources

Wellness and recognition programs

Qualifications

• 4-8 years of experience with complex property risks.
• Technical knowledge of policy wordings and government regulations.
• Ability to work under pressure and multi-task.

Responsibilities

• Support and contribute to the successful delivery of strategy.
• Negotiate terms for new and renewal accounts.
• Build strong partnerships with key brokers and MGAs.

Skills

Analytical skills

Negotiation skills

Communication skills

Leadership skills

Time management

Education

University degree in Business Administration

Job description

Overview

Join to apply for the Sr Underwriter, Strategic Placements role at Economical Insurance.

Economical is part of Definity, which includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. We’re evolving our Specialty capabilities to differentiate Economical in the Canadian marketplace. We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work and who they are working with. Bring your true self and be a part of our journey. It’s better here.

We’re looking for a candidate who will help deliver innovative and effective solutions to support profitable growth of our portfolios within the Strategic Placements team.

What to Expect / Responsibilities

• Support and contribute to the successful delivery of strategy
• Contribute to both account retention of existing business and solid growth of the portfolio
• Encourage inclusion and openness to ensure alignment with overall strategy
• Manage the underwriting portfolio in accordance with guidelines and approved rating models, and maintain best practices to ensure profitability
• Negotiate terms, conditions and premium for new and renewal accounts within the assigned portfolio and authority level
• Conduct annual audits on MGA portfolio and update corresponding agreements
• Provide pipeline for new and renewal business
• Provide technical mentorship to underwriting teams and collaborate on complex risks
• Provide insight and communication of the portfolio to Manager and / or RVP Strategic Placements
• Build strong partnerships and drive growth with key brokers / MGAs and clients
• Build strong relationships with key stakeholders within the Commercial Lines team
• Participate in industry events, broker meetings and site visits / inspections
• Represent the Strategic Placements team on internal and external projects

What You Bring / Qualifications

• University degree in Business Administration or related field
• 4-8 years of progressive experience working with complex to highly complex property risks
• Technical knowledge of policy wordings and ability to interpret government regulations
• Strong analytical, mathematical and technical decision-making skills
• Committed team player with great leadership skills
• Excellent negotiation and communication skills
• Well organized with excellent time management skills and ability to multi-task
• Perform well in a busy operation and remain calm under pressure
• Adaptable to a rapidly changing environment
• Strong written and verbal communication skills

What’s in it for you?

• Hybrid work schedule for most roles
• Company share ownership program
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services

Salary range is : $69,000 - $127,000

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market. In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Additional Information

Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just "nice to have" — they’re essential to our success.

Background checks

This role requires successful clearance of background checks (including criminal checks and leadership references).

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

Industries

Insurance

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