Underwriter/ Senior Underwriter- Commercial Mid Market

CNA Insurance; Toronto; On-site; CAD 80,000 - 120,000; Full time

Benefits offered by this job

Competitive benefits package

Job summary

CNA Insurance in Ontario seeks an experienced underwriter to assess risks, determine acceptability, and price policies within authority limits. The role involves broker collaboration, handling complex files, and ensuring compliance with guidelines.

The position requires five years of underwriting experience, a Bachelor’s degree or equivalent, and familiarity with Ontario markets. A strong analytical mindset and negotiation skills are essential for success.

Qualifications

• Bachelor’s degree or equivalent experience required; professional designations preferred.
• Typically a minimum of five years underwriting experience.
• Advanced knowledge of underwriting and insurance industry theories and practices.
• Ontario market familiarity and building broker relationships are assets.

Responsibilities

• Underwrites risks within specific authority and guidelines.
• Reviews applications and pricing decisions based on financial analysis and regulations.
• Prepares quotes and negotiates with brokers to reach positive outcomes.
• Maintains broker relationships and provides guidance to colleagues on complex risks.
• Keeps current on provincial and federal regulations affecting underwriting.

Skills

Underwriting expertise

Ontario market familiarity

Technical knowledge

Analytical skills

Negotiation & communication

Independent judgment

Education

Bachelor's degree or equivalent

Professional designations preferred

Five years underwriting experience

Tools

N/A

Job description

You have a clear vision of where your career can go. And we have the leadership to help you get there.At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.

Under technical direction, responsible for underwriting risks in a book of business. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

JOB DESCRIPTION:

Essential Duties & Responsibilities

• Performs a combination of duties in accordance with departmental guidelines.
• Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy.
• Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
• Prepares quotes and answers questions from Brokers, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with brokers to reach positive and profitable outcomes.
• Notifies brokers of adverse underwriting decisions, rate changes, underwriting requirements, status and declinations.
• Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
• Markets products and services through the brokerage community and makes field visits. Develops and maintains broker relationships.
• May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities. Keeps current on provincial and federal issues and regulations, industry activity and trends and freely shares information with others.
• Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
• Works with more specialists or management on risks exceeding authority level or requiring special handling.

Skills, Knowledge and Abilities

• Advanced knowledge of underwriting and insurance industry theories and practices.
• Familiarity with the Ontario market as well as prior Construction and Manufacturing experience is considered an asset.
• Demonstrated high level of technical expertise and product specific knowledge.
• Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of CNA’s internal and external business partners.
• Ability to work independently. Strong analytical and problem solving skills.
• Ability to exercise independent judgment and to make critical business decisions effectively.

  Education and Experience

  • Bachelor’s degree or equivalent experience. Professional designations preferred.
  • Typically a minimum five years underwriting experience.

  Our Total Rewards philosophy reflects our commitment to building a high-performing, inclusive culture where every team member is empowered to grow, contribute, and thrive. We value the unique strengths and perspectives each individual brings to our business, our clients, and our communities. The base salary range for this position is $80,000 to $120,000, complemented by a comprehensive and competitive benefits package to help our employees – and their family members – achieve their physical, financial, emotional, and social wellbeing goals. Base salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. Please note that this posting is for an existing vacancy.

  At CNA, we are committed to providing equal employment opportunities to all employees and applicants. It is our policy to provide equal employment opportunities to employees and applicants based on job-related qualifications and ability to perform a job. If you require an accommodation during the hiring process or upon hire, please inform Human Resources. If a selected applicant requests accommodation during the recruitment process, CNA will consult with the applicant in order to provide suitable accommodation that takes into account the applicant’s accessibility needs.