Intermediate or Senior Underwriter, Financial Institutions

Intact FC • Vancouver, BC

5d • CA$94,200 - CA$115,200 • Hybrid

About The Position

A career with Intact Specialty Solutions offers the chance to deepen your expertise in the insurance industry and grow your skillset across a wide variety of lines of business spanning 180 countries. As part of Canada’s largest P&C insurer and a leading provider of global specialty insurance, you will learn from industry experts and expand your capabilities. This role is within the growing Financial Institutions team within Specialty Lines. The incumbent acts as a Financial Institutions’ underwriter with production responsibilities, handling and consulting on Financial Institutions risks involving Specialty Solutions lines of business, including Directors and Officers Liability (D&O), Professional Liability, Financial Institution Bonds (FIBs), and ancillary lines renewals and new business. There will be opportunities for the role and responsibilities to expand with the growth of the business.

Requirements

• Minimum 2 years for intermediate and 4 years for senior role in D&O, Professional Liability, and/or Financial Institution Bonds and ancillary lines underwriting experience preferred, with familiarity with underwriting Financial Institutions preferable.
• Excellent organizational skills, ability to work towards achieving company goals and adapt to changes and a fast pace of work – including learning new products and forms.
• Have initiative and autonomy while integrating into teamwork.
• Good work ethic, ability to think proactively.
• Relationship builder understanding the importance of cultivating trusting relationships.
• Team builder understanding the importance of being engaged and committed to the success of the Financial Institutions Team at Intact.
• Knowing how to get out of habitual thought patterns and take responsibility.
• Be ready to collaborate with teams across Canada and the United States.
• Excellent verbal and written communication skills.
• Undergraduate university degree or any relevant equivalent experience.
• Proficient with Microsoft office (Word, Excel, PowerPoint, Teams).
• No Canadian work experience required however must be eligible to work in Canada.

Nice To Haves

• Certified Insurance Professional (CIP) Designation (or in the process of completing Designation) preferred.
• Bilingual (French and English), spoken and written is an asset.

Responsibilities

• Has underwriting responsibility for a book of new and renewal business.
• Analyze requests for quotes.
• Executes underwriting strategy as determined by management including decisions to accept, decline or modify risks.
• Develops superior relationships with producers to successfully promote achievement of mutual operating goals and supply appropriate products and services.
• Participate in broker visits, insurance industry functions and marketing events in support of broker relationship development.
• Participates in account management, planning and marketing meetings to best position the business for the future.
• Collaborates with team members to manage work inventories and all production activities to provide accurate and timely service in accordance with business unit standards.
• Processes underwriting decisions.
• Documents files and reports via automated desktop systems and tools.
• Collaborate on growth initiatives and relations with the brokerage network.
• Participate and collaborate in the development of new products or improvement of existing products and forms that support the objectives of growth and profitability of the company.
• Provide creative solutions on how to improve the department and increase efficiencies.

Benefits

• Flexible work arrangements and a hybrid work model
• Possibility to purchase up to 5 extra days off per year
• Multiple benefits offered to support physical and mental wellbeing, including telemedicine, Wellness account and much more
• Share plan & other savings: up to 12% of salary or even more (ask how you could earn guaranteed income for life)
• Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance): 12%
• Employee Share Purchase Plan (ESPP) – with Intact matching 50% of your net shares.
• Pension offerings provide flexibility and long-term security for our employees beyond their careers.
• Defined benefit pension plan

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level