Underwriting Technician, Canada Marine

Sompo International; Toronto; On-site; CAD 45,000 - 75,000; Full time

Job summary

An established industry player in insurance is seeking a detail-oriented Ocean Marine Technical Underwriting Assistant to join their Toronto team. This role is pivotal in supporting underwriters by managing Ocean Marine insurance policies, ensuring compliance, and maintaining accurate records. The ideal candidate will have strong analytical skills, excellent communication abilities, and a commitment to accuracy. This innovative firm values integrity and collaboration, offering a competitive salary and comprehensive benefits, along with opportunities for professional growth in a dynamic environment. If you're ready to contribute to a thriving team and make an impact, this position is for you.

Benefits

Comprehensive Benefits Package

Professional Growth Opportunities

Flexible Working Provisions

Family Friendly Policies

Qualifications

• High school diploma required; bachelor's degree preferred.
• Prior experience in the insurance industry, especially Marine insurance, is a plus.

Responsibilities

• Support underwriters in assessing Ocean Marine insurance policies.
• Collaborate with brokers and clients to gather necessary documentation.
• Maintain accurate electronic records and underwriting files.

Skills

Analytical Skills

Attention to Detail

Communication Skills

Interpersonal Skills

Organizational Skills

Education

High School Diploma

Bachelor's Degree in a Related Field

Tools

Microsoft Office Suite

SharePoint

Job description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Sompo Canada Services Corp. is a wholly-owned subsidiary of Sompo International Holdings Ltd., a wholly-owned subsidiary of Sompo Japan Insurance Inc., and is a member of the Sompo Holdings, Inc. (Sompo) group of companies.

Sompo is a financial services holding company organized under the laws of Japan whose shares are listed on the Tokyo Stock Exchange. Sompo, through various operating subsidiaries, is one of the largest property and casualty insurance groups in the Japanese domestic market. In addition, Sompo is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world.

Sompo International is the trade name for the global specialty property and casualty insurance and reinsurance operations of Sompo outside of Japan. In Canada, Sompo International is the brand under which Sompo Japan Insurance Inc. Canada Branch operates its Canadian insurance business. That trade name is also used by our other offices in Bermuda, the United States, the United Kingdom, Continental Europe, and Asia.

Sompo International underwrites agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance.

Join us as we expand our Canadian insurance business! Help build the best commercial underwriting team in Canada. Join an organization where our people have the opportunity to be their best and provide clients with innovative solutions to help support their growth.

We are seeking an Ocean Marine Technical Underwriting Assistant to join our team in the Toronto, Ontario office. This position will support our Canadian Domestic platform.

The Technical Underwriting Assistant will play a crucial role in supporting our underwriters in the assessment and management of Ocean Marine insurance policies. This position requires attention to detail, strong analytical skills, and the ability to work in a fast-paced environment.

Key Responsibilities:

• Collect all relevant information for new and renewal business.
• Set up of underwriting file: Assist underwriters in the review and analysis of Ocean Marine insurance applications, ensuring accuracy and completeness. Assist in evaluating and assessing risks by gathering and verifying necessary information, such as financials and loss history.
• Data Entry: Accurately enter policy information into the company's database and maintain electronic records.
• Communication: Collaborate with brokers, agents, and clients to obtain required documentation and address inquiries related to underwriting processes.
• Documentation: Prepare and maintain underwriting documents, reports, and correspondence as required. Prepare and issue insurance policies, quotes, endorsements, binders and certificates to clients and brokers.
• Compliance: Ensure that all underwriting activities comply with company guidelines, policies, and regulatory requirements.
• Reporting: Assist in the preparation of underwriting reports and analysis to support decision-making.
• Assist with booking of premiums, invoicing and payment reminders.
• Partner with underwriters to ensure all underwriting files and documents are saved in accordance with companies policies and company software (image-right/share drive).
• Provide back up to other Technical Underwriting Assistants when needed.
• Maintain a high level of integrity and ethical standards in all underwriting practices.

Qualifications:

• High school diploma or equivalent; a bachelor's degree in a related field is a plus.
• Prior experience in the insurance industry is preferred including: knowledge of Marine insurance products, coverages, underwriting guidelines, and risk assessment techniques.
• Proficiency in using software and Microsoft Office Suite (Word, Excel, Outlook, SharePoint).
• Strong organizational skills and the ability to manage multiple tasks and priorities.
• Excellent communication and interpersonal skills to work effectively with team members and external partners.
• Attention to detail and a commitment to accuracy.
• Knowledge of Canadian insurance regulations and industry standards is a plus.

This job description outlines the general nature and level of work performed by individuals assigned to this position. It does not restrict the management's right to assign or reassign duties and responsibilities to this job at any time.

Sompo International offers a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.

Sompo International is committed to employment practices, including recruitment and hiring practices, that are inclusive and accessible. Accommodations for individuals with disabilities are available. Should you require accommodation, please contact human resources at [e-mail].

Visit our website at www.sompo-intl.com