Underwriting Specialist or Executive Underwriter - Small Business, Corporate Underwriting

Underwriting / Souscription Toronto, Ontario


Position at Northbridge Insurance

“The Power of Together”

Join Northbridge, a growing dynamic company that has a long and rich Canadian history in providing innovative insurance solutions to customers nationwide.

Northbridge Financial Corporation is a leading commercial property and casualty insurance company that’s been helping protect Canadian businesses for more than 90 years. We’re 100% Canadian!

We offer a wide range of creative solutions to our customers through our Northbridge Insurance, TruShield Insurance and Federated Insurance brands where we strive to create a fair and friendly culture, upheld by the foundation of our five corporate values: respect, passion, connectedness, creativity, and excellence.

By continually striving to challenge the status quo, and by focusing on helping the customers we have the privilege of insuring achieve the possibilities of their business, we’ve been able to build our reputation as one of Canada’s largest commercial insurance providers.

To help us continue to build on this success, we’re committed to attracting, developing and retaining the best people.

Be part of a team that’s passionate about making a difference every day, fuelled by our entrepreneurial spirit and where everyone owns a part of our success. Our company has had an amazing journey so far, and our future is full of new possibilities!

Position Summary

The Underwriting Specialist establishes and maintains the national underwriting framework for a specific line of business including guidelines, wordings & product.  The Underwriting Specialist provides governance through review of portfolio level reports & by conducting audits on regional files.  The Underwriting Specialist will be expected to provide technical guidance and insight to solve moderately complex problems that have portfolio level impact, as well as supporting regions in the underwriting of complex and unique accounts.


What you will be doing:

  • Responsible for the successful management and pricing for a line of business.
    • Support the long term profitability of a line of coverage
    • Participate with actuarial in establishing portfolio pricing.
    • Conduct market research & develop business cases for proposed new products or product line changes or enhancements. Support the development of new products or product changes.
    • 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.
    • 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.
    • Conduct regional audits including reporting and follow up of relevant findings.
    • Maintain an effective technical framework including hazard recognition, authority levels, and bulletins.

 

  • Collaborate and support regional underwriting teams.
    • Advise and provide counsel on more complex underwriting exposures beyond regional authorities.
    • Support regions 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 regional 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 the Director Underwriting on various underwriting, strategic, staffing and other issues as requested including industry committees.

 

  • Work collaboratively on special projects and assignments requiring advanced technical skills and knowledge when required.

 

  • Other duties as assigned.

What we are looking for:

  • Post-secondary school education and/or equivalent on the job experience.
  • Minimum 5-7 years experience in the property and casualty industry
  • Broad knowledge and understanding of underwriting discipline and pricing models.
  • Working knowledge of company underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures.
  • Ability to work within and adapt to PC oriented environments, including familiarity with e-mail and Internet skills. Advanced knowledge of Microsoft Office.
  • Completion of the CIP/FCIP designation.
  • Fluently bilingual (English / French) is a definite asset (a requirement in Quebec Region).

 

What sets you apart:

  • Demonstrated proficiency at managing multiple and changing priorities/projects, and delivering results.
  • Demonstrated proficiency and resourcefulness in identifying and analyzing relevant data and defining critical issues and alternatives.
  • Demonstrated commitment to high standards of performance and goals.
  • Demonstrated verbal and written communication skills.
  • Demonstrated presentation skills.
  • Ability to foster and build good working relationships with brokers, customers and business areas inside and outside the work unit.
  • Able to work with long-term perspective in addressing broker or business area problems/issues.
  • Ability to influence decisions and gain agreement and/or support on sensitive issues.
  • Ability to focus on the broker and customer needs, ensuring a high quality of service is provided.
  • Strong analytical and decision-making skills.
  • Demonstrated commitment to ongoing professional and technical development.

What We Have to Offer:

  • Northbridge Cares program – volunteer day and donation matching
  • Generous paid time off, including personal days. Flexible work hours as well as early departure opportunities
  • Flexible Group Benefits Plan – medical, dental, insurances
  • Defined Contribution Pension Plan + Optional Group RRSP
  • Northbridge Employee Share Purchase Plan
  • Education Assistance Program
  • Employee Assistance plan
  • Staff Insurance - discount on home, automobile and pet insurance
  • Plus, the opportunity to contribute to the success of Northbridge through sharing your knowledge and experience while learning from others!

Application process

Northbridge welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process. Interested, qualified candidates are encouraged to apply below.

All offers of employment are conditional upon satisfactory background and reference checks, including a criminal record check, credit check, and employment and educational verifications.