Underwriting Specialist, Equipment Breakdown

Sovereign; Toronto; Hybrid; CAD 84,000 - 134,000; Full time

Benefits offered by this job

Hybrid work – 2 days in office

Job summary

Sovereign Insurance, located in Toronto, Ontario, is seeking an Underwriting Specialist for Equipment Breakdown. This hybrid role (2 days in office) expects you to grow a portfolio while partnering with cross-functional teams to deliver tailored insurance solutions.

Ideal candidates will have 7+ years in Equipment Breakdown or P&C underwriting, strong broker relationships, and solid analytical and project-management skills. CIP/CRM is a plus.

Qualifications

• 7+ years of experience in Equipment Breakdown or P&C underwriting
• CIP/CRM designation an asset or working toward it
• Proven ability to build relationships with broker partners
• Strong analytical skills with portfolio management metrics
• Proven project and change management skills and ability to meet deadlines

Responsibilities

• Manage and grow a profitable portfolio per underwriting guidelines and growth objectives
• Build the brand and expand market penetration through broker relationships
• Establish and maintain strong client relationships to deliver customized proposals
• Prepare quotations and negotiate coverage or rates with creative solutions
• Monitor progress toward personal and business targets and goals
• Support continuous improvement and product development with feedback and insights

Skills

Portfolio management

Broker relations

Analytical skills

Project management

Change management

Communication

Critical thinking

Education

CIP/CRM designation

Job description

Requisition Number: SENIO006566

Locations

Showing 1 location

Toronto, ON, CAN

Description

Company: Sovereign Insurance
Department: Underwriting
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: This role operates in English.

The Opportunity:

At Sovereign Insurance, a wholly owned subsidiary of The Co-operators General Insurance Company, we believe leadership is shaped by purpose, collaboration, and meaningful contribution. When you grow, we grow — your success crowns ours.

We value diverse perspectives, bold ideas, and people who lift others up. Here, your initiative matters, and your efforts help build the resilience of the Canadian businesses and communities we serve.

That shared commitment strengthens our culture and moves us forward — together. That’s the Crown Effect.

Reporting to the Manager, Equipment Breakdown, the Underwriting Specialist, Equipment Breakdown will use their technical skills along with strong business acumen to grow brand presence. The Specialist will be looked upon to build a book of business while working closely with the other line of business teams to provide clients with a comprehensive insurance solution. The ability to work independently, as well as collaboratively in a team, is paramount, as is the passion to develop creative ideas in seeking out new opportunities.

How you will create impact:

• Managing and growing a profitable portfolio in accordance with our underwriting philosophy and guideline, rating, loss ratio objectives, with accountability for new business, renewal retention and endorsements, aligned to our target appetite and growthobjectives.
• Building the brand. Developing positive and constructive relationships with brokers and business partners with a focus towards expanding market penetration.
• Establishing and maintaining strong relationships with key clients to deliver account support, and customized client focused proposals.
• Working with partners and peers to prepare quotations and negotiate coverage or rates as applicable, offering creative solutions that offer a mutually beneficial outcome.
• Monitoring progress towards personal and business targets / goals.
• Supporting continuous improvement and product development by providing constructive feedback and insights on product offerings, tools and/or resources.

To join our team:

• You have 7+ years of experience working in the Equipment Breakdown or P&C space with proven experience underwriting new business.
• Having or working towards CIP/CRM designation an asset.
• You have proven experience building lasting relationships with broker partners.
• Strong analytical skills with an understanding of specific metrics to support effective portfolio management analysis.
• Proven project and change management skills with the ability to deliver on deadlines and adapt to changing priorities.

How you will succeed:

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

What you need to know:

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
• Detail oriented work that requires a high degree of mental concentration for extended periods of time.

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Salary information

“Expected salary/hourly range $83,774 - $133,700+” (min-max, full range)

Salary placement

“The salary amount for the successful candidate is determined by Sovereign in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.”

“Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.”