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17 Nov 2023

Full-Time Junior Underwriter

Signal Underwriting Inc – Posted by SignalU 111 Queen Street East Toronto ON

Job Description

Grow with us! Incredible opportunity to start your career with a rapidly growing Toronto-based Managing General Agent.

We are a lively team of insurance professionals who are committed to the development and success of every employee. We offer hands-on training and mentoring, education course reimbursement and competitive pay, bonuses, and benefits.

We are looking for a talented individual to help shape the future of SIGNAL Underwriting while building a fruitful and rewarding career.

About SIGNAL

SIGNAL Underwriting Inc. is an independently owned Canadian boutique Managing General Agent. We bring unequalled value to our 3 customers:

  • tailored insurance coverage and products for individual insureds
  • support and industry knowledge for our broker partners
  • expert underwriting for our insurance carriers

We offer customized solutions to the Healthcare, Life Sciences, Media, Miscellaneous Professionals, Spas & Salons, Small-Medium Enterprise industry segments, as well as Directors & Officers Liability and Cyber.

Position Type

Full-time (This is a 5-day, on-site position located in our downtown Toronto, Ontario office, as we feel this is the best way to learn from your colleagues and become part of the SIGNAL team.  Occasional work from home days are granted to assist with the hecticness of life.)

Job Summary

You will:

  • underwrite new and renewal commercial Property & Casualty accounts within SIGNAL Underwriting’s industry sectors
  • help the underwriting team evaluate insurance applications and recommend accepting or rejecting risks
  • work closely with senior underwriters to assess policy applications, gather relevant information, and apply underwriting guidelines and criteria to determine appropriate coverage and pricing

Duties and Responsibilities

  • Underwrite risks that fit within our existing product offerings, which can include Healthcare entities, Life Sciences, Manufacturing, Wholesale and Distribution, Retail Liability and Errors and Omissions. Duties include but are not limited to:
    • Learning our underwriting guides for your assigned classes of business
    • Logging submissions into our policy management system
    • Reviewing submissions against our underwriting guidelines and delegated authority
    • Pricing and quoting risks within your underwriting authority statement
    • Referring risks to management outside of your underwriting authority statement
    • Issuing policy documentation
    • Handling mid-term policy changes and cancellation requests, including using the policy management system
  • Work with our partner brokers. Duties include but are not limited to:
    • Responding to inquiries and sharing experience and knowledge of our product segments
    • Keeping our policy management system up to date with brokerage and individual broker details
    • Keeping files up to date by saving and filing email communications
    • Communicating in advance of policy renewals to facilitate the renewal process
  • Engage with our carrier partners on individual risks, as needed. Duties include but are not limited to:
    • Participating in monthly underwriting meetings
    • Consulting with them and management on referrals outside of delegated authority
  • Perform administrative tasks, as needed

Qualifications:

  • Personal qualities:
    • Personable
    • Naturally curious
    • Dedicated to continuous improvement of yourself and the team
    • Detail oriented
    • Eager to learn
    • Excellent work ethic
  • Experience:
    • Prior commercial insurance underwriting experience (this is preferred, but not required)
    • Keen to gain in-depth knowledge of our specialty segments (prior experience or knowledge with our specialty segments is not a requirement as you will be trained and mentored on the job)
  • Education:
    • High school diploma (required), university degree or college certificate/diploma (preferred), or relevant work experience
  • Professional Certification:
    • Willing to take courses and get insurance designation(s)
  • Skills:
    • Computer skills, including working knowledge of Microsoft Outlook, Word, and Excel
    • Strong professional communication, both written and verbal
    • Excellent customer service skills and business acumen
    • Strong critical thinking and analytical skills
    • Ability to problem-solve creatively and proactively

Why SIGNAL?

  • You’ll be working with a lively team of insurance professionals in a growing business
  • Competitive remuneration based on the insurance industry
  • RRSP matching program
  • Merit bonus
  • Additional Contingent Profit Commission-based bonus
  • Health and Dental Benefits
  • We encourage and pay for our underwriters to complete their Chartered Insurance Professional designation (CIP) through the Insurance Institute of Canada and other insurance courses, including study and exam time off
  • Paid time off
  • One-on-one monthly meeting reviews for mentoring, encouragement, and feedback
  • SIGNAL focuses on bringing in and developing new talent, setting you up for a fulfilling career

How to Apply

To apply for this position, please email your resume to:  info@signalunderwriting.com

Job Categories: Insurance. Job Types: Full-Time. Salaries: 40,000 - 60,000.

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