Intermediate Underwriter (Commercial Auto)

SGI • Edmonton, AB

4d • CA$75,455 - CA$102,194 • Hybrid

About The Position

The successful candidate will be responsible for reviewing, evaluating and determining insurability for routine and moderately complex new and renewal applications for SGI CANADA (Alberta) commercial auto or property insurance products. In this role you will examine the nature and degree of risk involved, negotiate conditions, rates and premiums with brokers and process insurance policies.

Requirements

• A two-year diploma from an accredited post-secondary education institution in a relevant field of study such as Business and specializing in insurance and risk management.
• 3 – 5 years’ experience in underwriting.
• Knowledge of the principles and practice of insurance, underwriting policies and procedures, and applicable insurance products.
• Knowledge of premiums, coverages, and deductibles for applicable insurance products.
• Knowledge of reinsurance principles.
• Knowledge of the applicable regulatory environment.

Responsibilities

• Reviews and evaluates routine and moderately complex new/renewal applications to determine the nature and degree of risk involved.
• Acquires further information on applications (and the risks involved) when necessary.
• Determines whether to accept or reject the risk, or accept the risk subject to certain conditions.
• Determines percentage of involvement in subscription policies and/or arranges for reinsurance.
• Identifies and recommends improvements to insurance products and/or systems.
• Processes new/renewal applications, revisions, cancellations and quotes with a focus on acquiring new business through quotes.
• Calculates premiums, ensuring that appropriate rates are used and that applicable discounts and surcharges are applied.
• Ensures that product and customer service levels are maintained.
• Completes reports as required.
• Negotiates conditions or limitations with brokers on policies to balance business needs and underwriting guidelines.
• Negotiates rates and premiums with brokers to balance business needs and underwriting guidelines.
• Promotes and sells supporting products to brokers.
• Explains underwriting criteria and decisions to brokers (verbally and/or in writing).
• Develops and maintains working relationships with brokers to generate a flow of business, and provides assistance in resolving any service matters.
• Provides training on underwriting policies, procedures and guidelines.
• Gives guidance on conditions and rates when required.
• Actively contributes to and supports a culture of a high performing workforce.
• Participates in divisional succession plans, ensuring ongoing professional and career development and supports development in others.
• Supports a culture of leadership and accountability to effectively deliver on strategic and corporate strategies.
• Is actively committed to leadership development across the company, supporting team and workforce readiness through mentoring, training and developmental opportunities.
• Enables the success of programs and policies that are in alignment with corporate, strategic and divisional strategies.
• Manages risk in area of authority.
• Ensures that the Health, Safety and Emergency Management Policy is applied in area of responsibility.

Benefits

• competitive pay
• great benefits, perks and options to balance work and everything else life sends their way
• support for education, accreditation and professional development

What This Job Offers

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