At a Glance
- Tasks: Assess and underwrite commercial auto risks while collaborating with brokers.
- Company: Join a leading insurance company known for innovation and inclusivity.
- Benefits: Enjoy hybrid work, share ownership, wellness programs, and educational support.
- Other info: Be part of a diverse team committed to growth and community support.
- Why this job: Make impactful decisions in a dynamic environment while mentoring others.
- Qualifications: 2-3 years of underwriting experience and strong communication skills.
The predicted salary is between 59300 - 109200 $ per year.
Responsible for assessing, underwriting, and pricing moderate to complex commercial automobile risks, including fleet and garage business, as well as new business submissions, renewals, and policy endorsements. Conducts detailed risk analysis using inspections, financial reports, and other underwriting information to make sound coverage decisions within assigned authority. Collaborates closely with brokers to negotiate terms and conditions, provide technical underwriting expertise, and develop strong relationships that support profitable portfolio growth. Contributes to business development initiatives, participates in production meetings, mentors junior team members, and delivers exceptional customer service while maintaining underwriting profitability and portfolio performance.
What To Expect
- Assessing, accepting, and declining moderate to complex new business submissions, within assigned underwriting authority.
- Re-underwriting and negotiating renewals and policy endorsements.
- Ordering of inspections, financial reports, or other underwriting information for use in your analysis of critical risk hazards and decision making.
- Negotiating the terms and conditions of risk acceptance with brokers in writing, by telephone, electronic mail or in person.
- Participating in production calls on brokerage offices, as required.
- Providing technical support to brokers.
- Actively participating in weekly internal production meetings.
- Mentoring and providing technical support to less experienced team members.
- Contributing to the profitable growth of the business by identifying the underlying factors that contribute to the profitability of a risk while demonstrating the ability to constructively engage, influence and negotiate to exceed broker needs and expectations.
- Demonstrating a strong market knowledge and visibility in the industry as a respected collaborator able to partner with brokers for the purpose of growing a profitable portfolio of business.
- Making underwriting and pricing decisions on individual risks, as well as underwriting the individual risk within the context of a broker's broader portfolio of business.
- Being accountable for the selection and proper rating of mid-market property insurance transaction types (e.g., applications, endorsements, renewals, cancellations, voids, reinstatements, etc.).
What You Bring
- University degree or a college diploma or the CIP designation is required.
- Minimum of 2-3 years Commercial Automobile Fleet & Garage underwriting experience.
- Proficient in Microsoft Word and Excel.
- Professional friendly and courteous in all interactions, with both customers and co-workers.
- Performs well in a busy environment and remains calm under pressure.
- Team player adaptable to a changing environment.
- Strong written and verbal communication skills.
- Strong problem solving abilities.
- Strong sales orientation.
- Proven ability to develop and maintain positive broker relations.
Salary Range: $59,300 - $109,200
High degree of proficiency with English required to service customers, both internal to the company and external, across Canada.
Sr Underwriter, Regional Auto 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.
