Senior Underwriter – Markham, Ontario in Toronto

Senior Underwriter – Markham, Ontario in Toronto

Toronto Full-Time 125000 - 160000 $ / year (est.) On-site
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At a Glance

  • Tasks: Evaluate and manage aviation insurance business while building strong relationships with clients and brokers.
  • Company: Join a leading global aerospace insurance provider with over 100 years of experience.
  • Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
  • Other info: Dynamic work environment with travel opportunities and a focus on mentorship.
  • Why this job: Make an impact in the aviation industry while working with a passionate team.
  • Qualifications: 10+ years in aviation insurance underwriting and strong analytical skills required.

The predicted salary is between 125000 - 160000 $ per year.

Company Background: Global Aerospace Underwriting Managers (Canada) Limited (“Global” or “Company”) is a wholly owned subsidiary of Global Aerospace Underwriting Managers Limited, a world leading provider of specialist aviation and aerospace insurance, servicing the needs of the aviation industry for over 100 years. Global operates as a Joint Underwriting Agency on behalf of a number of leading Insurance Companies.

Position Summary: Under the leadership of the Underwriting Director, this position will produce and service profitable, sustainable aviation insurance business in accordance with the Company underwriting and compliance guidelines. This position is an established role within the underwriting department, which is currently unoccupied. The expected compensation for this position falls within the annual range of $125,000-$160,000, which is subject to evaluation of combined skills, knowledge and experience.

Key Responsibilities:

  • Review & evaluate all new and renewal business to determine it meets Global Canada’s Underwriting standards/guidelines and rating criteria.
  • Provide ongoing, expedient professional service and advice for new and renewing customers, utilizing the Underwriting Support team.
  • Build and develop strong, visible professional relationships with aviation insurance brokers and Global Canada clients associated with the assigned book of business and potential new business opportunities.
  • Drive new business opportunities externally and organically via periodic reviews of broker and channel strategies.
  • Assist Underwriting Director in strategic review and optimization of Underwriting Portfolio.
  • Analyze competitive market activity, industry trends, and broker feedback, while also providing strategic recommendations on product enhancements, underwriting appetite, and pricing initiatives to support profitable growth.
  • Monitor team workload distribution and collaborate with management to ensure efficient resource allocation and service standards are maintained.
  • Manage the performance, profitability, and growth of volume-based aviation products and programs, including Drone, PB&P, and portal-distributed business.
  • Participate in the mentoring and development of other Underwriters and Underwriting Support team members.
  • Attendance at Industry conferences, seminars, broker, and client meetings to enhance the Global brand.
  • Support development/preparation of Global branded marketing materials, thought leadership documents and presentation of such materials as necessary.

Education & Training:

  • Post secondary education.
  • Relevant aviation related qualifications and/or training preferred.
  • Insurance industry experience or designations considered an asset (e.g., CIP or CRM).

Experience Qualifications & Key Skills:

  • Minimum of ten (10) years of experience in an aviation insurance underwriting, broking or a similar specialty insurance or risk management background.
  • Knowledge of insurance coverage, policy terminology etc. for Commercial Hull, Commercial Liability, Private Aircraft and General Liability classes.
  • Management and oversight of Insurance Programs.
  • Ability to understand, interpret, communicate, apply underwriting and administrative policies/procedures.
  • Strong organization, negotiation, analytical, communication, presentation and customer service skills.
  • French and English language skills, both oral and written preferred.
  • High attention to detail and capability to work under pressure to meet deadlines.
  • Strong knowledge of insurance regulatory framework in Canada.
  • Ability to work well in a small team, manage conflict, conduct difficult conversations and deal with issues in a positive and courteous manner.
  • Keen interest or passion for Aviation.

Physical Demands/Working Conditions:

  • The role is performed on a hybrid basis in a standard office environment and home-based work.
  • Frequent travel within Canada and occasional travel to the US.

Senior Underwriter – Markham, Ontario in Toronto employer: Global Aerospace Aviation Insurance

Global Aerospace Underwriting Managers (Canada) Limited is an exceptional employer, offering a dynamic work environment in Markham, Ontario, where employees can thrive in the aviation insurance sector. With a strong emphasis on professional development, mentorship opportunities, and a collaborative culture, Global fosters growth while providing competitive compensation and benefits. The hybrid work model and commitment to employee well-being make it an attractive choice for those seeking meaningful and rewarding careers in a leading global company.

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Contact Details:

Global Aerospace Aviation Insurance Recruitment Team

We think you need these skills to ace Senior Underwriter – Markham, Ontario in Toronto

Aviation Insurance Underwriting
Insurance Coverage Knowledge
Policy Terminology
Analytical Skills
Communication Skills
Negotiation Skills
Customer Service Skills