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23 Jul
2018
Full-Time Head Office Casualty Underwriter
Job Description
HEAD OFFICE CASUALTY UNDERWRITER
This role would be a good fit for you if you:
- are looking for a job that will give you an adrenaline rush, keep you motivated and make you really feel like you are an integral part of a high functioning team
- work currently in a Canadian branch or regional underwriting role and have a strong desire to move to a head office position where you can expand and enhance your knowledge of casualty underwriting
- are extremely curious, independent and can establish and manage timelines
- are interested in a job with a strategic and operational national focus
- believe you are very proactive, self motivated, and can develop and implement a plan to work on revamping or producing underwriting guidelines or products
- want to develop or enhance project management skills and have the ability to succeed in a project driven environment with an eagerness to deliver and to go “above and beyond” and show that you have a lot of pride in the work you can accomplish
- know you have strong interpersonal and organizational skills
- are a critical thinker who can see the bigger picture and understand the long-term impact of decisions and emerging trends
- really enjoy research, interacting with people and have the ability to write clear and concise technical material
- like the thrill of finding the right people, web-sites or companies who can provide the information and answers you need to obtain the breadth and depth of material to develop products, processes or guidelines
- would enjoy working with internal business partners (i.e. Learning & Development, Actuarial, IT, Reinsurance, Regional Underwriting, Finance, Compliance, Legal, Marketing & Communications, Translation) to operationalize initiatives
- have a demonstrated ability to translate knowledge and experience into tangible opportunities for the business
Job Summary
- To work in conjunction with the Director, Commercial Underwriting to establish and maintain the national underwriting framework for the casualty line of business.
- To help build regional underwriting capabilities, support in building competitive industry products and support the oversight and governance of the casualty portfolio.
- To provide casualty underwriting guidance and support to the regional offices to help them achieve their sales and profitability targets.
- To undertake guideline and product development including policy wordings, and act as a resource for referrals and consultations
- To provide portfolio-level insights and governance through the review of business information reports and through conducting audits on profit centre files.
Job Responsibilities
- Using your technical casualty underwriting background, good insurance marketplace intelligence, awareness of regulatory and compliance requirements, competitive positioning and company operations and procedures, you will be using your critical thinking to develop underwriting guidelines that provide casualty underwriters with the information they require to successfully underwrite risk exposures that support our profitability targets.
- With your writing skills and mindful of your internal customer needs, the guidelines will be written in an easy to read, helpful and complete format
- Using good project management skills and planning experience, you will assess and organize what is needed to achieve the goals in a timely manner.
- Developing new products or product line changes or enhancements that meet our external customer needs. You have the critical skills required to conduct market research and construct policy wordings, ensuring it at once delivers the product objectives and protects the Company’s long-term liability.
- Assist in the successful management and pricing for Commercial General Liability, Umbrella, Excess liability, as well as the Small Business and Mid-market Non-profit Directors & Officers (D & O) and Errors & Omissions (E & O) portfolios.
- Maintain the long term profitability of the Casualty line
- Participate with actuarial in establishing portfolio pricing.
- Direct the introduction and communication of rating and exposure strategies, coverage and/or product changes in a timely manner
- Develop and maintain a knowledge and understanding of the insurance marketplace, regulatory and compliance requirements, competitive positioning and company operations and procedures.
- Analyze effect of relevant legislation on policy coverages, and draft necessary changes and additions to policy wordings and underwriting guidelines.
- Develop & maintain expert knowledge of underwriting systems. Define the business requirements for development of I.T. systems to support the underwriting function.
- Implement processes, to facilitate the continuous improvement, both internal/external in ease of doing business.
- Understand and apply best business practices towards compliance, internal control and operational risk controls in accordance to national standards and regulatory standards and policies.
- Monitor trends and developments identifying areas of concern regarding loss ratios, risk trends, or other discrepancies.
- Develop & implement tactical responses to adverse loss ratio or risk trends including updating underwriting guidelines or implementing product changes.
- Assist in the price monitoring, risk selection and data quality performance reviews.
- Participate in profit centre audits including reporting and follow up of relevant findings.
- Maintain an effective technical framework including hazard recognition, authority levels, and bulletins.
- 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.
- Mentor and train less experienced underwriters and support staff.
- 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 respects to risk evaluation, rating and the implementation of internal procedures.
- Provide input to various underwriting, strategic, staffing and other issues as requested including industry committees.
- Work collaboratively on special projects, business transformation initiatives and assignments requiring advanced technical skills and knowledge when required.
Job Requirements:
- Post-secondary school education in Business (or related discipline) and/or equivalent on the job experience
- Minimum 5 years of experience underwriting commercial casualty in the Canadian property and casualty insurance industry;
- Head Office mindset
- Completion of the CIP/FCIP designation (or significant progress towards completion)
- Well-developed research skills with a project driven focus along with project delivery experience
- Experience working with policy wordings strongly preferred
- Advanced working proficiency with Microsoft Office (i.e., Word, Power Point and Excel)
- Broad knowledge and understanding of underwriting disciplines and pricing models
- Strong working knowledge of underwriting philosophies, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures
- Strong problem solving abilities
- Strong written communication skills required
- Self-starter with strong relationship management skills
- Ability to work within a PC oriented environment, including familiarity with e-mail and Internet skills
- Fluent in English (with additional fluency in French a strong asset)
How to Apply
Contact Carla Blackmore at 416-465-2931 or at carla.blackmore@gmail.com731 total views, 1 today
