Full-Time Junior/Intermediate Underwriter
Job Description
Title: Junior/Intermediate Underwriter -MGA
Modern Specialty Insurance was created after several broker focus groups and with the
50+ years of our executive team. We determine there was a need in the wholesale
insurance market for our niche products but are also easy to use and provide quick
policy turnaround. We built an insurance MGA that is ready to deliver exceptional
service, will provide individualized coverage to support our brokers and will live up to
our commitment to make it easy to do business with us.
Location: Burlington Ontario
Position Description:
This position is responsible for underwriting and rating of Commercial Property and Casualty accounts and the overall policy management of assigned Commercial Property and Casualty accounts as well as assisting in the development of new business in conjunction with the distribution leader. The incumbent will collaborate internally with all operating areas and externally with the Brokers. In addition, the individual will support the development of broker relationships, marketing all Modern Specialty Insurance product offerings and related services. Reports to President
Primary Responsibilities: (consists of but not limited to)
- Support the development of new and maintain existing broker relationships
- Marketing of MSI’s product offerings and related services
- Provide an eloquent and efficient message to broker and customer prospects, provide them with product collateral marketing material as requested
- Sales development and follow up process including broker appointment set up
- Coordination of all data collection associated with Account Submissions received from Brokers.
- Gathering of all pertinent submission or renewal information for Underwriting Analysis
- Prepare Insurance Proposals with Supporting Documentation.
- Completion of Account processing documentation in all databases for Bind Orders.
- Completing preliminary rating for new business and renewals.
- Manage tasks associated with Written New and Renewal Business Accounts, including Policy Delivery, Endorsement Processing, Premium Transaction Billing, Data entry documentation using the Policy Management and Content Management systems.
- Correspond directly with Brokers on their submissions and written accounts as the liaison for MSI underwriting.
- Ensure that all workflows, procedures, departmental manuals and standards are being adhered too.
- Adhere to all Company Underwriting guidelines, Company policy and all Insurance regulations.
- Support the implementation of the sales goals and objectives of the MSI operating plan.
- Understanding of the MSI Corporate Mission, Structure and Strategic direction in order to articulate to distribution partners, associations, policyholders and prospective policyholders.
Key Competencies:
- 1-3 years of Commercial and Personal Insurance underwriting and product experience required
- Bachelor Degree is preferred
- CRM or CIP designation or working toward
- Excellent verbal and written communication skills
- High energy, organized, self-starter
- Strong work ethic, goal oriented
- Collaborative team player
- Travel via vehicle and air may be required (infrequent)
The above reflects management’s definition of essential functions for this position but does not restrict the tasks that may be assigned. The above responsibilities are representative only; management may modify the duties and responsibilities to this position at any time.
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