Insurance Broker jobs in Spain

Our client, a Top 5 Bank in Canada, is looking to hire an Underwriter for an initial 6-month contract with a possibility of extension or conversion. This role is currently hybrid, requiring 1-2 days per month in the office in Toronto.

You will be responsible for supporting the review and approval of residential mortgage and real estate applications. As an Underwriting Analyst, you will play a crucial role in ensuring that applications are processed timely and effectively, following established guidelines and authorized lending limits.

Responsibilities Include:

• Evaluate residential mortgage and real estate applications by meticulously reviewing documentation and information provided, ensuring alignment with risk parameters and insurers' guidelines.
• Utilize negotiation skills to make informed decisions on applications, including approval, recommendation, or decline, adhering to established processes and lending limits.
• Conduct thorough risk assessments and prepare recommendations for managers or senior underwriters for applications that surpass authority limits.
• Manage correspondence with internal and external stakeholders such as insurers, appraisers, and solicitors to facilitate the underwriting process.
• Demonstrate strong analytical skills in reviewing credit information and ensuring applications meet quality standards and guidelines.
• Work efficiently in a fast-paced environment, managing high volumes and short timelines while maintaining due diligence and quality.

Must Have Qualifications:

• 2-4 years of retail mortgage underwriting experience, primarily residential mortgages.
• Experience reviewing and evaluating documents such as income, down payment, offers, etc.
• Experience in rationalizing exceptions (as they will be making exceptions themselves).
• Good understanding of risk mitigation strategies.

Nice to Have:

• Any broker or underwriting course experience.
• Proficiency in Outlook and Excel.
• A university degree.
• Familiarity with Canadian rules and regulations.