At a Glance
- Tasks: Manage commercial insurance portfolios, assess risks, and negotiate policy terms with brokers.
- Company: Join a leading innovative insurance company with a collaborative culture.
- Benefits: Enjoy hybrid work, competitive salary, share ownership, and wellness programs.
- Other info: Be part of a diverse team focused on inclusion and professional growth.
- Why this job: Make impactful decisions in a dynamic environment while building strong broker relationships.
- Qualifications: University degree or diploma, bilingual in English and French, and 1-3 years of underwriting experience.
The predicted salary is between 51300 - 94400 $ per year.
This role is responsible for managing a portfolio of commercial insurance business by assessing new submissions, underwriting renewals, and negotiating policy terms and conditions with brokers. The successful candidate will make risk-based underwriting decisions, provide technical expertise, and build strong relationships with broker partners to support profitable growth.
Key responsibilities include:
- Reviewing and evaluating commercial risks
- Negotiating coverage and pricing
- Maintaining strong broker relationships
- Participating in broker visits and production discussions
- Providing ongoing underwriting support and guidance
What To Expect:
- You’ll assess, accept, and decline new business submissions
- You’ll re-underwrite and negotiate renewals, and policy endorsements
- You’ll negotiate the terms and conditions of risk acceptance with brokers in writing, by telephone, electronic mail or in person
- You’ll develop and maintain positive broker relations
- You’ll participate in production calls on brokerage offices, as required
- You’ll provide technical support to brokers
What You Bring:
- University degree in any discipline or a 2 year diploma from a publicly recognized and funded college or a completed CIP designation
- Professional communication in both English and French, oral and written is a must
- High degree of proficiency with English required to service customers, both internal to the company and external, across Canada
- Minimum of 1-3 years of experience in Commercial Lines underwriting
- Strong analytical skills; able to quickly interpret data, information, reports
- Strong customer service, verbal and written communication skills
- Strong computer literacy skills
- Strong ability to influence and effectively negotiate with stakeholders
- You’re professional, friendly and courteous in all interactions, with both customers and co-workers
- You perform well in a busy environment and remain calm under pressure
- You’re a team player that is adaptable to a changing environment
- You have strong written and verbal communication skills in French and good English skills
- You have strong problem solving abilities
- You can weigh many complex factors to ultimately make sound decisions, and explain your rationale
- Your work ethic drives you to take on challenges and see them through to completion
- You collaborate well with others, sharing your ideas, and listening to and integrating those of others
Salary Range: $51,300 - $94,400
About Us:
This position is being posted to fill an existing vacancy.
What’s in it for you?
- Hybrid work schedule for most roles
- Company share ownership program
- Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting accessibility@economical.com.
As part of Definity’s commitment to reconciliation, we acknowledge that our work, meetings, and travel take place on the lands now known as Canada, and recognize the enduring presence, wisdom, and stewardship of the First Nations, Métis, and Inuit peoples who have long cared for these lands.
This role requires successful clearance of background checks (including criminal checks and leadership references).
Economical is part of Definity, which includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey.
Int Underwriter, Regional Underwriting in Montréal employer: Economical Insurance
Definity is an exceptional employer that prioritizes a culture of collaboration and continuous improvement, making it an ideal place for professionals seeking to make a meaningful impact in the insurance industry. With a strong focus on employee growth and development, team members are encouraged to enhance their skills while contributing to strategic initiatives that drive operational excellence. The hybrid work model offers flexibility, allowing employees to balance their professional and personal lives effectively, all while being part of a dynamic leadership team dedicated to upholding the highest standards of quality and compliance.