Souscripteur principal/ Senior Underwriter
About The Position
Under technical direction, responsible for underwriting risks in a book of business. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines, rating manual rules and insurance laws and regulations. Performs a combination of duties in accordance with departmental guidelines. Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy. Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements. Prepares quotes and answers questions from Brokers, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with brokers to reach positive and profitable outcomes. Notifies brokers of adverse underwriting decisions, rate changes, underwriting requirements, status and declinations. Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review. Markets products and services through the brokerage community and makes field visits. Develops and maintains broker relationships. May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities. Keeps current on provincial and federal issues and regulations, industry activity and trends and freely shares information with others. Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities. Works with more specialists or management on risks exceeding authority level or requiring special handling.
Requirements
- Bachelor's degree or equivalent experience.
- Minimum of 5 years of underwriting experience.
- Knowledge of Microsoft Office Suite as well as other business-related software.
- Advanced knowledge of underwriting and insurance industry theories and practices.
- Demonstrated high level of technical expertise and product specific knowledge.
- Strong interpersonal, communication and negotiation skills.
- Ability to effectively interact with all levels of CNA's internal and external business partners.
- Ability to work independently.
- Strong analytical and problem solving skills.
- Ability to exercise independent judgment and to make critical business decisions effectively.
- Knowledge of automobile insurance operations in other provinces and underwriting for national accounts.
- Knowledge of the Ontario market.
Nice To Haves
- Professional designations preferred.
- Prior insurance experience in the construction and manufacturing sectors is an asset.
- Chartered Insurance Professional (CIP) or Fellow, Chartered Insurance Professional (FCIP) designation (obtained or in progress).
Responsibilities
- Analyze risks, perform pricing, negotiate, define conditions and refer to management if necessary for renewals and new business.
- Process submissions, negotiate and refer to reinsurance if necessary.
- Review claims reports and actuarial reports, and take underwriting action if necessary.
- Manage all premiums, including those for new business, renewals and endorsements, in accordance with company guidelines.
- Complete underwriting reports, review recommendations for inspections and follow up on them, and analyze claims.
- Manage the portfolio of existing accounts to ensure targeted profitability and renewal retention.
- Ensure all new business and renewals are adequately documented in accordance with required standards.
- Build and maintain relationships with partner brokers.
- Make sales calls and contribute to the development of joint sales plans using Salesforce software.
- Take underwriting audit actions and apply them, if necessary.
- Ensure that service standards for document processing and workflow are appropriate and adapted to the pace of the functional unit.
- Perform other duties as required.
- Determines acceptability of risk in accordance with company guidelines and standards.
- Determines the need for additional evidence of insurability and appropriate strategy.
- Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
- Prepares quotes and answers questions from Brokers, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary.
- Negotiates with brokers to reach positive and profitable outcomes.
- Notifies brokers of adverse underwriting decisions, rate changes, underwriting requirements, status and declinations.
- Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
- Markets products and services through the brokerage community and makes field visits.
- Develops and maintains broker relationships.
- May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
- Keeps current on provincial and federal issues and regulations, industry activity and trends and freely shares information with others.
- Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
- Works with more specialists or management on risks exceeding authority level or requiring special handling.
Benefits
- Comprehensive and competitive benefits package to help employees and their family members achieve their physical, financial, emotional, and social wellbeing goals.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
