Full-Time Senior Underwriter – Commercial
Job Description
About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon’s global partnership with Manchester United.
Core Responsibilities – Underwriter:
- Underwriting new business, renewal, and endorsement according to guidelines and authority limits. Refers files along with summary and recommended course of action for those accounts outside underwriting authority and exceptions to guidelines.
- Assists in developing, enhancing and maintaining underwriting methods and techniques, which achieve underwriting integrity in a cost-effective manner.
- Works independently and makes decisions on individual risk selection and acceptance.
- Negotiates and binds terms, conditions and premium for new and renewal accounts within individual assigned portfolio and authority level.
- Responsible for production in order to generate new business opportunities and retain existing account which meets Company X’s strategies and underwriting guidelines.
- Maintaining bordereau’s and logs as required by binding authorities
- Provide forecasting for new and renewal business under designated binding authorities.
- Review work completed by Customer Service Brokers/Associate Brokers for accuracy. Applies appropriate factors to rating basis/formulas provided.
- Participates in self-development activities to improve or develop knowledge of underwriting or business-related subjects.
- Performs various other duties as directed by Department Manager
- Assists with training of Broker within either the Call Centre or other AON branches and support staff in understanding the function of underwriting.
- Responsible for claims review and assessment
- Management of claims data base
- Maintain relationships with insurers to which authority is given
- Keep up to date on changes in the marketplace and with competitors
- Facilitates and maintains policy information and accounting bordereau’s for binding authority
- Performing other related duties as assigned.
Educational Requirements:
- College Diploma/University degree
- CIP and/or CRM designation an asset
- underwriting with experience underwriting professional lines of coverage.
- Preference will be given to candidates with a background with an MGA or small agency.
- Sound knowledge of policy wordings.
- Strong analytical, mathematical, decision making and negotiating skills
- Excellent interpersonal and communication skills.
- Proficient computer skills in: MS Word, Excel and Lotus Notes.
- Aggressive, committed team player.
- Automobile underwriting experience and bilingual English/French an asset.
- Willing to travel
Experience/Knowledge:
- Minimum 5 years or more experience in Commercial Property/Casualty underwriting or broking
- General Knowledge of all areas of general insurance coverage
- Full knowledge of Aon portfolio of available client services and products
- Strong customer service orientation and interpersonal skills.
- Good presentation and interpersonal skills
- Strong analytical, mathematical, decision making and negotiating skills
- Excellent interpersonal and communication skills.
- Proficient computer skills in: MS Word, Excel and Outlook.
- Committed team player.
- Accounting or financial reconciliation experience
Aon offers competitive compensation, exceptional benefits, continuing education & training, a unique internal advancement program, and tremendous potential with a growing worldwide organization.
All positions at Aon require an applicant who has accepted an offer to undergo a background check. The checks run are based on the nature of the position. Background checks may include some or all of the following: SSN/SIN validation, education verification, employment verification, criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. By applying for a position with Aon, you understand that you will be required to undergo a background check should you be made an offer. You also understand that the offer is contingent upon successful completion of the background check and results consistent with Aon’s employment policies. You will be notified during the hiring process which checks are required by the position.
Aon’s professionals are unwavering in their client focus and integrity. We promote diversity, professional development, frugality and stewardship, applying a disciplined non-bureaucratic approach to help our clients realize their business potential. Drawing on our experienced team as a competitive advantage, Aon employees have the freedom to take risks, foster innovation, champion for change and replicate best practices.
For more information about Aon Corporation, visit our website athttp://www.aon.com
Aon is committed to a diverse workforce and an Equal Opportunity/Affirmative Action employer (Minorities/Women/Veterans/Disabled).
DISCLAIMER:
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Job number: 2410901
Category: Operations and Tech Services Group
Location: Canada, ON, Markham
How to Apply
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