Sr Underwriter

Optiom • Calgary, AB

1d • CA$92,000 - CA$118,000 • Hybrid

About The Position

Optiom is seeking a Senior Underwriter to manage risk assessment and adjudication for their entire vehicle protection product suite, including vehicle replacement, extended warranty, mechanical, tire and rim protection, and appearance protection. This role also involves in-house underwriting authority for property & casualty placements of standard and non-standard business, and marketing Lloyd's open market business. The Senior Underwriter will accept, reject, endorse, renew, and cancel policies within established criteria, contribute to Lloyd's binder agreements, build relationships with market stakeholders, and mentor junior staff. This is a hands-on position requiring experience in the automotive dealership sector, understanding dealer and F&I manager perspectives, and comfort with Lloyd's market placements and rating decisions. The role will collaborate with the VP, Underwriting & Product Portfolio to shape underwriting standards for a specialty product suite.

Requirements

• Minimum 10 years of progressive property & casualty underwriting experience.
• Direct, hands-on underwriting of automobile dealership-related risk (vehicle extended warranty, GAP, tire and rim, appearance protection, or comparable F&I/ancillary vehicle protection products).
• Demonstrated ability to underwrite and manage a multi-product suite.
• Direct experience holding or exercising in-house underwriting authority.
• Direct experience underwriting or marketing business in the Lloyd's of London market (open market placements and/or binding authority/binder business).
• Chartered Insurance Professional (CIP) designation.
• Direct experience working with automotive dealer principals, F&I departments, or broker partners on risk submissions, program design, or claims-related underwriting matters.
• Strong analytical skills, with the ability to read loss ratio and claims trend data and translate it into underwriting action.

Nice To Haves

• Fellow Chartered Insurance Professional (FCIP) designation.
• Prior experience contributing to Lloyd's binder development, wording negotiation, or other delegated authority agreement work.
• Experience mentoring, training, or providing technical guidance to junior underwriting staff.
• Experience underwriting within an MGA, program administrator, or specialty insurer environment.
• Experience within an Aviva-affiliated, bank-owned, or other large-insurer-backed environment, with familiarity operating under parent-company governance.
• Familiarity with OMVIC-regulated dealership environments and F&I compliance considerations.
• Bilingual (English/French).

Responsibilities

• Own risk assessment and adjudication across the entire vehicle protection product suite.
• Exercise in-house underwriting authority for property & casualty placements of standard and non-standard business.
• Market Lloyd's open market business for the placement of risk.
• Accept, reject, endorse, renew, and cancel policies within underwriting risk criteria and procedures.
• Contribute to the development and implementation of Lloyd's binder agreements.
• Build direct relationships with Lloyd's partners, brokers, and other market stakeholders.
• Mentor and train junior underwriting staff.
• Help shape the workflows, procedures, and technology behind risk underwriting.
• Present portfolio performance internally.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed