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23 Mar 2017

Full-Time Executive Underwriter Mid Market

Insurance consulting Group – Posted by Insurance Consulting Group –  Anywhere

Job Description

Insurance Consulting Group

The Executive Underwriter – in conjunction with the Director of Underwriting, establishes and maintains the national underwriting framework for all lines of business wordings & product development for the Mid-market business segment across the company’s commercial Insurance brands.  The Executive Underwriter provides governance through review of portfolio level reports & by conducting audits on profit centre files.  He/she will also be expected to provide technical guidance and insight to solve highly complex problems that have portfolio level impact, as well as supporting the underwriting profit centres in the underwriting of complex and unique accounts.

Responsibilities:

  1. Responsible for the successful portfolio management and pricing for all lines of business for the Mid-market business segment.
  • Monitor the long term profitability through an analysis of various business metrics of all lines and classes of business and recommend strategies for profitable growth of the mid-market portfolio.
  • Monitor trends and developments by identifying areas of concern regarding loss ratios, risk trends, risk appetite or other discrepancies.  Develop & implement tactical responses to adverse loss ratio or risk trends including updating underwriting guidelines or implementing product changes.
  • Participate with actuarial in establishing portfolio pricing.
  • Conduct market research & develop business cases for proposed new products or product line changes or enhancements.  Support the development of new products or product changes.
  • Responsible for the introduction and communication of rating and exposure strategies, coverage and/or product changes in a timely manner.
  1. Collaborate with the Corporate Underwriting Process team to facilitate ease of doing business improvements.
  • Develop & maintain expert knowledge of underwriting systems.  Define the business requirements for development of I.T. systems to support the underwriting function.
  • Work collaboratively to implement processes to facilitate the continuous improvement, both internal/external in ease of doing business.
  1. Understand and apply best business practices towards compliance, internal control and operational risk controls in accordance to national standards and regulatory standards and policies.
  • Assist in the price monitoring, risk selection and data quality performance reviews.
  • Participate in profit centre audits (as required) including reporting and follow up of relevant findings.
  • Maintain an effective technical framework including hazard recognition, authority levels, and bulletins.
  1. Collaborate and support profit centre underwriting teams.
  • Advise and provide counsel on more complex underwriting exposures beyond profit centre authorities.
  • Support profit centres in identifying portfolio improvement opportunities and the development of action plans.
  • Support profit centres in responding to product development needs.
  1. Working closely with the Underwriting Quality Assurance & Underwriting Excellence team as the underwriting technical expert, develop and train underwriters and support staff.
  2. Participate in the training and development of profit centre underwriting and support staff members, and provide technical expertise and advice regarding products, systems and processes.
  • Counsel underwriters in respect to risk evaluation, rating and the implementation of internal procedures.
  • Develop and maintain a knowledge and understanding of the insurance marketplace, regulatory and compliance requirements, competitive positioning and company operations and procedures.
    • Analyze the effect of relevant legislation on policy coverages and draft necessary changes to policy wordings and underwriting guidelines.
    • Attend industry informational seminars.
  1. Provide input to various underwriting, strategic and other issues as requested including industry committees.
  2. Work collaboratively on special projects, business transformation initiatives and assignments requiring advanced technical skills and knowledge when required.
  3. Other duties and projects as assigned.

Qualifications:

  • Post-secondary school education and/or equivalent on the job experience.
  • Minimum 7-10 years experience in the property and casualty industry underwriting commercial casualty
  • Broad knowledge and understanding of underwriting discipline and pricing models.
  • Working knowledge of company underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures.
  • Ability to work within and adapt to PC oriented environments, including familiarity with e-mail and Internet skills. Advanced knowledge of Microsoft Office.
  • Completion of the CIP/FCIP designation.
  • Fluently bilingual (English / French) is a definite asset

Contact: Carla Blackmore Insurance Consulting Group 416-465-2931 carla.blackmore@gmail.com

How to Apply

Carla Blackmore Insurance Consulting Group 416-4652931 carla.blackmore@gmail.com

Job Categories: Commercial. Job Types: Full-Time.

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