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21 Sep 2022

Full-Time Underwriter – Private Enterprise (E&O) – Toronto

Insurance Career Network – Posted by Monica Toronto, Ontario, Canada

Job Description

Underwriter – Private Enterprise (E&O) – Toronto

We have a great opportunity to join a terrific Insurance MGA as an underwriter within their international Private Enterprise (SME) team. This role will have a multiline focus, with a particular emphasis on Tech E&O, Misc E&O and Cyber for both renewal and new business. They are looking for an enthusiastic self-starter who understands how to prioritise fast-moving, high volume accounts, takes a commercial approach to business and enjoys marketing and production.

Our client is a flexible and innovative employer, offering a friendly, collaborative and inclusive work environment.

Key Relationships: Brokers, underwriters, claims staff, coverholders, external clients and suppliers

Job Summary: To underwrite a Private Enterprise (PE) account within the International Specialty Lines team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve the market reputation of the Company brand.

Key Responsibilities:

Underwriting

Develop and underwrite a profitable portfolio of Tech E&O, Misc E&O and Cyber PE and P&C business as part of the International Specialty Lines team.

Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.

Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.

Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.

Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the account.

Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the PE team and Specialty Lines.

Comply with Company’s underwriting control standards for business written.

Develop a good working relationship with the claims managers on this class of business.

Client Management

Advice, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.

Foster positive relationships with clients to get a mutual understanding of both their and Company’s needs.

Maintenance of good business relationships with brokers.

Maintain awareness of overall product range and take advantages of opportunities to introduce other Company products to clients.

General

Leverage networking opportunities within the business to develop standardised underwriting policy and best practice.

Develop best practice and disseminate business and class knowledge within the team.

Work with peers within PE and International Specialty Lines to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.

Share and gather knowledge within the Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.

Production of presentations and marketing literature as required.

Production of business plans/research documents for the PE account as required.

Adopt our client’s culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.

Display business ethics that uphold the interests of all our customers.

Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.

 

Personal Specification:

Skills and Abilities

Proficient underwriting skills

Accurate and numerate

Computer skills – good working knowledge of MS Office, advanced Excel skills

Strong analytical skills with attention to detail

How to Apply

Insurance Career Network is a recruitment firm focused exclusively on the insurance industry.  Our relationships, knowledge and leading experience enable us to connect leading insurers, brokerage firm and independent adjusting firms with the most talented candidates for each role. Since 1991, we have been building and nurturing relationships and with over 13,000 registered candidates, we can tap into our highly technical experience for our clients.  Our recruiters come directly from insurance related positions and bring a wealth of knowledge to each recruitment assignment. TO APPLY: Register and submit your resume to monica@insurancecareernet.com or call Monica for more information 416 703-5120 ext 201

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

Job expires in 20 days.

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