TD Bank

Commercial P&C Underwriting Specialist

TD Bank • $79K — $111K *
Montreal, QC H1A 0A1In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 4+ years' experience in General Insurance, focusing on Commercial Insurance Underwriting.
  • Knowledge of insurance wordings and contracts relevant to Commercial P&C.
  • Strong financial acumen with the ability to synthesize complex information.
  • Proven relationship-building skills to influence stakeholders effectively.
  • Excellent problem-solving abilities with a focus on timely decision-making.
  • Strong organizational skills for managing multiple priorities in a fast-paced environment.
  • Effective communication skills, both written and verbal.

Responsibilities

  • Support development and understanding of Commercial P&C regulations and trends.
  • Monitor underwriting strategy performance and drive improvements.
  • Develop insights into customer segments and needs to identify new opportunities.
  • Design new Commercial P&C underwriting rules to achieve business goals.
  • Analyze key business drivers to refine underwriting strategies.
  • Collaborate with stakeholders to implement underwriting initiatives.
  • Manage the creation of insurance contract documentation to enhance customer experience.

Benefits

  • Culture of risk management and control with effective processes.
  • Opportunity to work in a dynamic, fast-paced environment.
  • Professional development through training material related to Commercial P&C contracts.
  • Engagement with diverse internal and external stakeholders for product development.
Full Job Description
Work Location:
Markham, Ontario, Canada

Hours:
35

Line of Business:
Product Management

Pay Details:
79 100 $/$79,100 - 111 700 $/$111,700 CAD

Reporting to the Commercial Property and Casualty (P&C) Senior Manager Product and Underwriting Strategy, the Underwriting Specialist will support the development and execution on business strategy to deliver premium and earnings goals and contribute to overall business objectives.

The candidate should be customer and results focused, have keen analytical interest and the ability to impact and influence. This individual should enjoy operating amidst a dynamic, fast- paced and exciting environment!

Key accountabilities
  • Support the development and maintain robust understanding of the Commercial P&C regulatory requirements, industry and customer trends, and competitive landscape.
  • Keep current on Commercial P&C emerging trends/developments and grow knowledge of the business, related tools, procedures and techniques.
  • Support the end-to-end management of small business insurance Commercial P&C underwriting strategy and rules, monitor performance, identifying areas of opportunity, developing recommendations and driving changes to achieve business and financial objectives.
  • Develop an in-depth understanding of small business Commercial P&C underwriting strategy and rules and a solid understanding of customer segments, customer needs, competitive landscape and trends in the General Insurance industry to assist in identifying new business opportunities.
  • Support the design and development of Commercial P&C new underwriting rules to achieve business objectives.
  • Refine Commercial P&C underwriting strategies through analysis of key business drivers and provide recommendations.
  • Solve complex problems with considerations to multiple constraints and variables and work with partners to develop solutions.
  • Support Commercial P&C underwriting strategy and rules discussions and collaborating with multiple stakeholders in delivering day-to-day projects and initiatives
  • Maintain a culture of risk management and control, supported by effective processes and guidelines in alignment with risk appetite.
  • Develop and maintain Commercial P&C insurance contract wordings, forms and endorsements as well as any supportive customer documentation, including their French versions in such a way that it enhances the end-to-end customer experience while achieving business objectives
  • Support the development, implementation and understanding of training material related to Commercial P&C contracts if applicable
  • Build and maintain effective relationships with key internal stakeholders and/or external partners to develop new Commercial P&C product and services
  • Support the development, maintain, and analyze Commercial P&C coverage comparisons with regulatory requirements, customer needs, market changes, industry standards or main competitors and propose insurance contract changes accordingly


Job Requirements
  • Strong critical thinking skills, financial acumen, and ability to synthesize large amounts of information into concise, actionable summaries for an executive audience
  • 4+ years' General Insurance experience.
  • Commercial Insurance Underwriting, Wordings and Contract knowledge and experience
  • Demonstrates solid judgment and relationship building skills with a strong ability to make things happen with impact and influence and by nurturing key relationships
  • Strong problem-solving skills and the ability to make fact-based recommendations in a timely manner
  • Strong organization skills, with the ability to work in a fast-paced environment and manage multiple deadlines and priorities
  • Solid knowledge of and ability to gather market intelligence and conduct underwriting and wordings research, analysis and development
  • Solid critical thinking, analytical and problem-solving skills
  • Solid interpersonal communication skills (both written and verbal)
  • Self-motivated, team player with high energy and ability to work independently


#LI

Language Requirement (Quebec only):
Maîtrise d'une langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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