Underwriter / Senior Underwriter, A&H

Chubb; Toronto; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading insurance provider in Toronto seeks an experienced Underwriter to evaluate risks and manage insurance policies. The role involves assessing insurability, negotiating terms, and ensuring compliance with underwriting standards. Ideal candidates will have a university degree, industry designation in progress, and 3 to 5 years of relevant experience. Strong communication and analytical skills are essential for success in this role.

Qualifications

• 3 to 5 years in Life or Special Risk insurance preferred.
• Comfortable in a deadline-oriented atmosphere.
• Demonstrated analytical and risk underwriting skills.

Responsibilities

• Underwrite and service accounts effectively.
• Review and evaluate insurability of applications.
• Negotiate coverage and premiums with clients.

Skills

Analytical skills

Strong communication skills

Negotiation abilities

Time management

Education

University degree or equivalent experience

Industry designation (e.g. CEBS, FLMI)

Tools

Microsoft Office Suite (Excel, Word, Outlook)

Job description

Key Objective:

The Underwriter is responsible for partnering with the Business Development Team to profitably grow revenues through prudent risk evaluation and rating.

This position is responsible for evaluating risk within their delegated authority and according to corporate/departmental guidelines in line with business and strategic objectives while maintaining service levels.

Major duties and responsibilities:

Underwrite and service accounts

• Review, assess and evaluate detailed information to determine insurability of applications for new and renewal business, reinstatements and changes to existing policies.
  • Negotiate coverage and premiums.
  • Ensure timely processing of premium and issuance of policy documents.
  • Completes file in accordance with Chubb Standards, ensuring data accuracy.
  • Act within delegated authority.
  • Develop recommendation and rationale for situations which fall outside of the authority level of this position and advance through the referral process.
  • Conduct self audits.
  • Provide department with information on market trends and changes – for example, policy coverage changes and restrictions being implemented by competitor markets and regulatory bodies.

Comply with Underwriting methods and policy.

• Participate in developing, enhancing and maintaining underwriting methods and techniques in order to achieve underwriting goals in a cost-effective manner.
• Responsible for awareness of and identifying competitive position in the market for product, price and service to ensure business strategies remain competitive.

Qualifications

• Completion of University degree (or equivalent work experience)

• Enrolment in Industry courses and working towards professional industry designation (e.g. CEBS, or FLMI).
• 3 to 5 years of experience in the Life or Special Risk insurance industry preferred.
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
• Strong oral and written communication skills as well as negotiation abilities.
• Effective time management skills.

• Ability to work both independently and in a team environment depending on the situation.

• Comfort in working in a deadline oriented atmosphere.

• Demonstrated analytical and risk underwriting skills.