Underwriter

Billyard Insurance; Welland; Hybrid; CAD 45,000 - 70,000; Full time

Job summary

Join a forward-thinking company that is redefining the insurance industry through innovation and collaboration. As an Underwriter, you will play a pivotal role in evaluating insurance applications and ensuring compliance with industry standards. This position offers a dynamic work environment where you will utilize your analytical skills to assess risk and support brokers in delivering exceptional service to clients. With a strong commitment to diversity and inclusion, this organization fosters a culture that values teamwork and integrity. If you're ready to make a meaningful impact in a growing company, this opportunity is for you.

Benefits

Comprehensive benefits including medical, vision, dental

3 weeks’ paid vacation in the first year

Birthday day off

Hybrid work from home / in-office environment

Retirement savings programs with company-matched RRSP contributions

Qualifications

• 1-2 years experience in insurance underwriting or related field.
• Strong understanding of insurance regulations and compliance.

Responsibilities

• Conduct assessments of insurance applications to determine risk levels.
• Prepare and issue policies accurately and in a timely manner.
• Manage underwriting processes and maintain organized records.

Skills

Underwriting Principles

Risk Assessment

Insurance Regulations

Data Analysis

Communication Skills

Organizational Skills

Problem Solving

Adaptability

Education

High School Diploma

Post Secondary Education in Insurance

Chartered Insurance Professional (CIP)

Canadian Accredited Insurance Broker (CAIB)

Tools

Microsoft Office

Proprietary Underwriting Platforms

Job description

Billyard Insurance Group (BIG) is a leader in the insurance industry, dedicated to building a culture that reflects our core values. At BIG, we Think BIG by exceeding expectations and creating lasting value for our clients, industry, and communities. We Act with Integrity by upholding honesty, transparency, and respect in everything we do. Our clients are at the center of our decisions as we embrace a Client First, Always mindset. We believe in the power of teamwork to Achieve More Together, combining strengths to deliver meaningful solutions. Finally, we Innovate with Purpose by leading the digital insurance revolution, consistently driving quality, enhancing client service, and empowering brokers.

With over 80 locations across Canada and recognition as one of Canada’s Top Growing Companies, BIG is shaping the future of insurance. Join us as we continue to redefine the industry with innovation, collaboration, and excellence.

The Underwriter plays a crucial role in conducting thorough evaluations of new business submissions of personal lines insurance products. This position is responsible for uploading new business information to our market partners through their company portals and ensuring compliance with industry regulations and internal underwriting guidelines. The Underwriter will contribute to our organizational values by managing risks effectively while fostering a culture of innovation and accountability.

What does the Underwriter do?

• Conduct comprehensive assessments of new insurance applications to determine risk levels and coverage suitability, ensuring adherence to underwriting guidelines.
• Analyze and interpret data to evaluate risk exposure, contributing to sound decision-making that supports the company's growth objectives.
• Ensure Brokers are strictly following BIG & Market underwriting guidelines and that the submissions are timely and accurate
• Prepare and issue policies accurately and in a timely manner, reinforcing our commitment to customer satisfaction and operational efficiency.
• Upload new business information through various insurance company portals, facilitating smooth transactions and maintaining strong relationships with market partners.
• Efficiently manage and follow up on abeyances and Service Improvement Opportunities (SIOs)
• Address Broker or Market escalations, attempting to deescalate the situation & resolve the issue
• Maintain organized records of underwriting processes, decisions, and communications to support auditing and review activities.
• Liaise with branch offices to address underwriting queries and provide support, ensuring alignment with organizational goals.
• Generate and present underwriting reports to management, offering insights into risk management and business performance.
• Ensure all underwriting decisions are consistent with company policies and market appetite, which helps maintain the integrity of the underwriting process.
• Work closely with branch teams to support clients in understanding their coverage options, enhancing client experience and trust.
• Address and resolve underwriting-related issues promptly, showcasing our commitment to integrity and customer service.
• Actively seek and implement feedback from management and branch teams to improve underwriting processes and efficiency.
• Utilize Microsoft Office and proprietary underwriting platforms effectively to streamline operations and improve productivity.
• Monitor personal performance against established metrics to identify areas for improvement and support career growth.
• Stay updated with industry regulations and legal standards to ensure all underwriting activities meet compliance requirements, thereby protecting the organization from potential liabilities.
• Engage in ongoing professional development and training to enhance underwriting skills and knowledge of market trends.

Does this sound like you?

• Proficient understanding of underwriting principles and practices.
• Ability to evaluate and assess risk factors effectively.
• Familiarity with insurance regulations and compliance standards.
• Proficient use of Microsoft Word, Excel, and PowerPoint.
• Ability to maintain organized documentation and records.
• Willingness to learn and adapt to new technologies and tools.
• Awareness of industry regulations and compliance standards.
• Ability to analyze and interpret data to inform underwriting decisions.
• Familiarity with insurance policy terminology and documentation.
• Strong verbal and written communication skills to interact effectively with internal and external stakeholders.
• Ability to work collaboratively within the underwriting team and with branch offices.
• Strong commitment to delivering exceptional service to clients and colleagues.
• Proactive approach to identifying and resolving issues.
• Ability to adjust to changing priorities and work in a fast-paced environment.
• Strong ethical standards and accountability in all business dealings.
• Demonstrated ability to understand and support colleagues and clients in challenging situations.
• Openness to receiving and acting on constructive feedback.

Qualifications

• Completion of a high school diploma or equivalent.
• A minimum of 1-2 years of experience in insurance underwriting or a related field.
• Post secondary education in Insurance, finance, business administration, or a related field is preferred.
• Appropriate licensing as an insurance broker by a relevant regulatory body an asset
• Chartered Insurance Professional (CIP) professional designation an asset
• Canadian Accredited Insurance Broker (CAIB) professional designation an asset

What We Offer

• People-focused company culture
• Comprehensive benefits including medical, vision, dental, and Employee Assistance Program (EAP)
• 3 weeks’ of paid vacation in the first year of employment; 4 weeks’ in year 2
• Birthday day off
• Hybrid work from home / in-office environment
• Retirement savings programs, with company-matched RRSP contributions

Our Commitment to Diversity, Inclusion and Belonging:

Billyard Insurance Group is committed to building a transparent environment where everyone feels heard, welcomed, and included. We believe Diversity, Inclusion, and Belonging are fundamental in our vision to be the leading insurance platform in Canada. BIG is a proud, equal-opportunity workplace that is committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, or gender identity.

Our Commitment to Accessibility:

Billyard Insurance Group is committed to developing an inclusive, barrier-free recruitment process and work environment. Should you require any accommodation, please inform us, and we will work with you to meet your accessibility needs. For any accessibility-related assistance, requests for information in accessible alternative formats, or to report any accessibility problems, please contact us at [e-mail] or 905.346.2190 ext. 10211.