Facultative Underwriter

Farm Mutual Re • Cambridge, ON

2h • CA$90,000 - CA$120,000 • Hybrid

About The Position

Farm Mutual Re is a mutual reinsurer that offers tailored reinsurance solutions for varied insurance lines and helps mutual insurers keep their promises by providing financial stability and insurance capacity. Recognized as Waterloo Area’s Top Employers 2026, Southwestern Ontario’s Top Employers 2026, and Canada’s Greenest Employer 2026, we remain committed to making a meaningful impact on our members, customers, employees, and business partners. Our values of care, trust, courage, and sustainability foster a sense of belonging and guide our decisions and actions.

The Opportunity

Reporting to the Manager, Facultative Reinsurance, the Facultative Underwriter is responsible for evaluating and managing property and casualty reinsurance risks, negotiating facultative placements, and ensuring alignment with underwriting guidelines and contractual obligations. The role applies underwriting judgment to make sound reinsurance decisions and provide guidance to internal and external interested parties on underwriting standards, policy wordings and pricing. It is an underwriting role focused on complex risk evaluation, sound decision making, and balancing collaboration with independent work.

This position offers a hybrid work environment, with a primary corporate office in Cambridge and access to a satellite office in Toronto.

Requirements

• Bachelor’s degree or diploma in a related insurance program and/or related experience
• 5-7 years of experience in property and casualty underwriting
• Strong communication skills, with the ability to clearly explain underwriting decisions and technical concepts to internal and external business partners
• High attention to detail, ensuring accuracy in risk analysis, contract review, and documentation
• Analytical mindset, able to interpret data, identify trends, and assess risk to support sound decisions

Nice To Haves

• CIP certification preferred
• Experience in agriculture or commercial underwriting considered an asset

Responsibilities

• Evaluate and underwrite property and casualty reinsurance risks in line with guidelines and risk appetite
• Analyze submissions and determine appropriate terms, pricing, and placement for facultative risks
• Negotiate and place facultative reinsurance with our members
• Ensure compliance with underwriting guidelines, contractual requirements, and internal standards
• Apply sound judgment to assess complex risk and escalate more complicated issues when needed
• Provide guidance on policy wording, rates, and underwriting practices to members and partners
• Build and maintain effective relationships with internal teams, members, and external partners
• Contribute to projects, process improvements, and training initiatives
• Support junior staff through informal guidance and knowledge sharing

Benefits

• Flexible hybrid work environment, which balances remote and in-office work
• A comprehensive wellness plan, including personalized health coaching, fitness classes, and access to an on-site gym
• Ongoing professional development opportunities, such as paid education, training, certifications, mentorship programs, and personalized career development plans
• Paid volunteer day to give back to your community
• In addition to our competitive salary, employees also receive exceptional employer-paid benefits, a defined benefit pension plan, and more to support their future

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree