Junior Underwriter

MSH INTERNATIONAL CANADA LTD.•Toronto, ON

2d•CA$45,000 - CA$50,000•Hybrid

About The Position

At MSH, passion meets profession. We're a team of dedicated enthusiasts who find genuine fulfilment in what we do, and we're looking for someone who feels the same way. We are looking for a Junior Underwriter (for 12 months) that will assist with augmenting the sales and account management function by pricing, evaluating and preparing renewal analyses and new business.

Requirements

College/University diploma/degree or equivalent work experience.
1-2 years’ experience in group underwriting capacity.
Exposure to pooled, experience rated, ASO, and refund accounted funding arrangements.
Prior experience underwriting groups of 10 to 100 lives required.
Advanced knowledge of Microsoft Office applications – specifically Excel and PowerPoint.
Ability to communicate (oral and written) in English.

Nice To Haves

Experience working within a domestic insurance broker/consulting firm would be a definite asset.
French would be an asset but not required.

Responsibilities

Pricing of new accounts and submission/negotiation/approval by underwriters.
Pricing of plan changes to existing accounts.
Collating of rate, plan, and carrier summaries from all participants in market.
Production of initial proposal draft for submission to sales for review.
Pricing of renewals and submission/negotiation/approval by underwriters.
Production of internal renewal memos in advance of confirmation of terms by underwriters, outlining renewal recommendations.
Analysis of market adequacy of Lloyd’s rates in relation to markets and plan terms quoted for coverage options.
Development of ASO pricing model for large accounts.
Development of alternate funding arrangements and negotiation with underwriters on jumbo accounts.
Rate and plan pricing for new product development through in-house plan arrangements.