Senior Underwriter, Commercial Lines
About The Position
BrokerLink is seeking a Senior Underwriter to join their growing Commercial Lines team. This role involves developing strong relationships with brokers, assessing and evaluating complex risks, and providing innovative solutions. The Senior Underwriter will also coach and mentor team members, contribute to process improvements, and ensure regional underwriting service, production, and profitability targets are met. The position requires applying effective pricing and underwriting strategies, managing new business, renewals, and endorsements, and arranging reinsurance when necessary. Collaboration with brokers, reinsurers, and co-workers is essential, as is proficient use of computer systems for policy management and transactions.
Requirements
- Minimum 5 to 7 years of relevant experience
- Chartered Insurance Professional (CIP) designation preferred
- Care for people by being supportive, providing candid feedback and recognizing performance
- Maintain an expert and current understanding of all relevant Commercial Underwriting Guides and instructions related thereto
- Demonstrate the ability to handle complex risks
- Awareness of local community conditions and insurance issues
- Superior organization and demonstrated ability to handle multiple priorities and deadlines
- Exemplary and proactive customer service skills to identify needs, effectively negotiate, and provide tailored solutions to brokers
- Great communication skills (both written and verbal)
- Strong negotiating skills and business savvy
- Initiative and ability to work under pressure
- Sound knowledge of Microsoft Office products and computer tools
- Must be eligible to work in Canada.
Nice To Haves
- Chartered Insurance Professional (CIP) designation
Responsibilities
- Develop long-term and meaningful relationships with brokers by providing legendary service and participating in broker visits, field underwriting, insurance industry functions, and marketing events.
- Assess and evaluate moderate to complex risks, analyzing requests for quotes, renewals and policy changes and recommend innovative solutions.
- Coach and mentor team members to develop their technical underwriting knowledge and to enhance broker relationships.
- Help shape the future of Commercial Lines Underwriting by providing creative solutions on process or workflow improvements to increase efficiency and elevate best practices.
- Provide leadership to ensure that the regional underwriting service, production and profitability levels are achieved.
- Apply effective pricing and underwriting strategies in accordance with Company guidelines and personal underwriting authority limits.
- Within your level of authority, quote, negotiate, sell, and authorize the acceptance of moderate to complex new business, renewals, and endorsements to develop and retain profitable business according to the business plan established for the department.
- Arrange reinsurance if and when required.
- Work closely to develop and maintain positive business partnerships with brokers, reinsurers and co-workers.
- Use the computer system for policy inquiry, electronic filing, underwriting and rating transactions.
Benefits
- Flexible work arrangements
- Multiple benefits offered to support physical and mental wellbeing
- Wellness account
- Share plan & other savings
- Incentive plan
- Annual bonus: 10% target, based on the base salary, with a potential payout of up to 200%
- Employee Share Purchase Plan (ESPP) – with BrokerLink matching a portion of your contributions
- Group RRSP, with company matching DPSP offerings
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
