Underwriting Construction Analyst

Tokio Marine Canada Ltd•Toronto, ON

2d•CA$70,000 - CA$80,000•Hybrid

About The Position

Tokio Marine Canada (TMCan) is seeking an Underwriting Construction Analyst to provide underwriting and operational support to underwriters specializing in Builders Risk insurance, including Construction All Risks (CAR) and Erection All Risks (EAR). This role involves the technical evaluation of contract works and project property exposures. Key responsibilities include preparing and quality-checking submissions and policy documentation, maintaining accurate file and exposure data (such as sums insured and project schedules), and delivering analysis, reporting, and audit support. This position is well-suited for a detail-oriented individual comfortable with Excel and interested in construction project underwriting and portfolio analysis, with potential for growth into an underwriting role.

Requirements

Bachelor’s or College degree in Finance, Business, Economics, Accounting, Mathematics, or a related discipline (or equivalent combination of education and experience); university degree or college diploma considered.
3–5 years of relevant experience in property & casualty insurance, ideally supporting Builders Risk/CAR/EAR (construction project) underwriting.
Experience in underwriting support, policy administration, or financial/business analysis; familiarity with Builders Risk/CAR/EAR submissions, documentation, and project data capture is an asset.
Takes initiative; self-motivated with a can-do attitude.
Strong attention to detail and quality; able to manage multiple priorities and meet deadlines.
Comfortable with ambiguity; able to adapt in a changing environment.
Strong analytical skills; able to interpret data and translate insights into improvement opportunities (e.g., construction loss drivers and portfolio trends).
Able to review and organize Builders Risk/CAR/EAR documentation and exposure data (e.g., statement of values/sum insured breakdown, contract works description, construction schedule and milestones, testing/commissioning plan, site protections/security details, CAT/flood information, contract terms/insurance requirements, and certificate/endorsement details) with strong attention to detail.
Excellent written and verbal communication skills (English) and strong relationship-building skills to support effective collaboration with brokers, underwriters, and internal stakeholders.
Proficient with Microsoft 365, with strong Excel skills (e.g., formulas and pivot tables) and working knowledge of Word, PowerPoint, Outlook, and Teams.
Strong organization, planning, and time-management skills; basic project coordination skills are an asset

Nice To Haves

Bilingualism in French and English is ideal but not required

Responsibilities

Provide day-to-day administrative and operational support to Construction underwriters; set up and maintain contractor, broker, and project files and records of correspondence.
Triage new business and renewal submissions; prepare complete Builders Risk (CAR/EAR) submission packages for underwriting review and quoting, including key project details (e.g., location, scope, construction/erection type, values, construction period, testing/commissioning details, and project schedule) and supporting documentation as applicable.
Coordinate and follow up with key project stakeholders (e.g., insured/owner, general contractor, principal subcontractors, project manager, broker, lender’s/owner’s representative, and loss control) to obtain, validate, and organize technical project documentation and data, such as statement of values/sum insured breakdown, contract value split (materials/labour/fees), construction schedule and milestones, drawings/specifications, site plan and geotechnical information, construction methodology, temporary works details, testing/commissioning plan, OCP/Wrap-up evidence (if applicable), and contract terms/insurance requirements.
Perform data entry and maintenance in the policy administration system; ensure files meet electronic file standards for completeness, compliance, and quality (including key construction risk information and forms).
Prepare policy documents for issuance and service; process routine transactions and issue certificates under underwriter supervision and within authority guidelines, supporting Builders Risk/CAR/EAR policies (and extensions such as off-site storage, transit, and expediting expenses where applicable).
Support risk assessment and quoting by populating underwriting tools, gathering required information, and performing initial technical review for Builders Risk/CAR/EAR, including project type and scope, construction/erection methodology, contract works vs. principal’s existing property interface, site conditions and protections (security, fire protection, hot works controls), CAT/secondary perils exposure (flood, wind, earthquake), temporary works, transit/off-site storage exposures, testing/commissioning and start-up phases, maintenance period requirements, limits/deductibles and sublimits, and DSU/ALOP inputs where applicable, using established resources.
Compile, validate, and analyze Builders Risk/CAR/EAR underwriting and portfolio data; maintain metrics, dashboards, and reports; and provide ad-hoc analysis to support underwriting decisions and identify trends (e.g., project size/values, occupancy/type, geography, CAT exposure, attachment points/deductibles, loss drivers, and rate/price adequacy).
Support underwriting audits by gathering Builders Risk/CAR/EAR account and project documentation, verifying data accuracy, and helping address audit findings.
Monitor data quality and assist with compliance to underwriting guidelines, policy wordings/forms, and regulatory requirements, including documentation supporting contract and certificate requirements where applicable.
Identify process and tool improvement opportunities across construction submission intake, appetite review, pricing/capacity review, quote, bind, issue, service, and renewal workflows; provide clear, data-informed recommendations.
Collaborate with cross-functional partners (e.g., underwriting, finance, operations, risk management, claims, and loss control) to support effective construction underwriting decisions and continuous improvement.
Attend industry events and help build relationships with brokers, contractors, and partners to stay informed on construction market conditions, emerging exposures, and industry trends.
Other duties as assigned.