Amynta Group

Senior Underwriter

Amynta Group$80K — $110K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Advanced technical expertise in surety underwriting principles and practices
  • Proven financial analysis and financial modeling experience
  • Minimum five years of full-time surety underwriting experience
  • Familiarity with U.S. market operations is advantageous
  • Bachelor's degree in Accounting, Finance or Business Administration
  • Proficiency in French is considered a plus
  • Strong communication skills for conveying underwriting insights

Responsibilities

  • Underwrite new business and renewals for the Canadian Region
  • Prepare Special Acceptance submissions for over-line account accreditations
  • Implement and execute established underwriting strategy mainly for portfolio management
  • Support the execution of Broker Strategies & Objectives
  • Collaborate to meet or exceed financial objectives for the region
  • Assist in operational and financial analysis for new/renewal Account Lines of Credit submissions
  • Monitor accounts proactively to manage risk and performance

Benefits

  • Collaborative team environment with strong leadership support
  • Opportunity to influence underwriting strategy and regional objectives
  • Engagement with regional brokers and critical account discussions
  • Focus on professional development within the underwriting field
  • Use of advanced financial tools for portfolio management
Full Job Description

ROLE & RESPONSIBILITIES
Under the direction of and in collaboration with the SVP Canada Region
• Underwrite new business and renewals for the Canadian Region.
• Prepare Special Acceptance submissions to Amynta Surety Solutions Home Office on over-line account accreditations and bond requests.
• Implement and execute the underwriting strategy established by SVP Canada for the Canada Region, including assistance with portfolio management/review responsibilities.
• Collaboratively support the SVP Canada in executing the Broker Strategies & Objectives developed by Canada Region.
• Collectively, with the SVP Canada, meet/exceed budgeted financial objectives and goals for the Canada Region.
• Assist summary operational and financial analysis, and a recommendation (including Terms & Conditions) to SVP Canada and/or CUO/CEO (Home Office) for all new/renewal Account Lines of Credit ("ALOC") Submissions.
• Adhere to Amynta Underwriting Principals ("AUP") documentation standards as respects underwriting, internal and external correspondence, pricing, file maintenance, account monitoring, portfolio management and Watch List Protocol.
• Continuously monitor portfolio of accounts using a proactive diary to ensure information is up to date and collaborate with Regional Underwriter to act where/when necessary to manage, mitigate, eliminate risk associated with a deteriorating account or an account's failure to meet terms, conditions, and requirements.
• Participate in critical account discussions during Surety Portfolio Reviews.
• In collaboration SVP Canada, establish and manage account level authorities in the Canada Region to ensure all ALOCs are maintained current within 10 days of expiration.
• Assist SVP Canada with maintaining electronic file cabinet ("EFC") file documentation / management, system data maintenance and Capital IQ Watch List management is adequate, up-to-date, and comply with/meet Surety AUP Standards and Underwriting Guidelines. Email correspondence between underwriters should be acknowledged and responded to within 24 hours. (Initiator is responsible for storing correspondence)
• Collaboratively work with SVP Canada, as well as Underwriting Associates to ensure timely payment/collection of premiums due.
• Meet with Regional Brokers and Accounts if/when support is requested by SVP Canada.
• Communicate and Collaborate with SVP Canada Region and CUO to ensure staffing and workflow is adequate to support Canada Region customer (external & internal) service and performance expectations.
• Review monthly ABS Reports for accuracy of data including new/renewal bond booking line-cards, new accounts issued within Regional Underwriting Authority Limits, ALOC Expirations, Watch List Accounts and Action Plans, and Regional Collateral Index. Work with SVP Canada & CUO on addressing any concerns necessary to ensure the integrity of the Canada Region Portfolio.
• Immediately alert communicate with SVP Canada to confirm if/when there is a material deterioration in account status or condition including claim notices and subsequently, with support of SVP Canada report accordingly to the CUO.
• Own outcomes. Works collaboratively with SVP Canada, CUO, and Surety Claims on workouts, defaults, and bankruptcies to minimize/mitigate claim exposure.
• Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives.

Minimum Qualifications
• Advanced technical expertise, underwriting skills and knowledge of surety underwriting principles, practices and procedures
• Proven experience with financial statement analysis, financial modeling and valuation.
• Minimum of five years full-time surety underwriting experience
• Exposure to U.S. market is an asset
• Proficiency in the French language is an asset
• Bachelor's degree in Accounting, Finance or Business Administration
• Ability to effectively communicate underwriting observations, comments, questions, and decisions, both orally and in-writing
ROLE & RESPONSIBILITIES

Under the direction of and in collaboration with the SVP Canada Region
  • Underwrite new business and renewals for the Canadian Region.
  • Prepare Special Acceptance submissions to Amynta Surety Solutions Home Office on over-line account accreditations and bond requests.
  • Implement and execute the underwriting strategy established by SVP Canada for the Canada Region, including assistance with portfolio management/review responsibilities.
  • Collaboratively support the SVP Canada in executing the Broker Strategies & Objectives developed by Canada Region.
  • Collectively, with the SVP Canada, meet/exceed budgeted financial objectives and goals for the Canada Region.
  • Assist summary operational and financial analysis, and a recommendation (including Terms & Conditions) to SVP Canada and/or CUO/CEO (Home Office) for all new/renewal Account Lines of Credit ("ALOC") Submissions.
  • Adhere to Amynta Underwriting Principals ("AUP") documentation standards as respects underwriting, internal and external correspondence, pricing, file maintenance, account monitoring, portfolio management and Watch List Protocol.
  • Continuously monitor portfolio of accounts using a proactive diary to ensure information is up to date and collaborate with Regional Underwriter to act where/when necessary to manage, mitigate, eliminate risk associated with a deteriorating account or an account's failure to meet terms, conditions, and requirements.
  • Participate in critical account discussions during Surety Portfolio Reviews.
  • In collaboration SVP Canada, establish and manage account level authorities in the Canada Region to ensure all ALOCs are maintained current within 10 days of expiration.
  • Assist SVP Canada with maintaining electronic file cabinet ("EFC") file documentation / management, system data maintenance and Capital IQ Watch List management is adequate, up-to-date, and comply with/meet Surety AUP Standards and Underwriting Guidelines. Email correspondence between underwriters should be acknowledged and responded to within 24 hours. (Initiator is responsible for storing correspondence)
  • Collaboratively work with SVP Canada, as well as Underwriting Associates to ensure timely payment/collection of premiums due.
  • Meet with Regional Brokers and Accounts if/when support is requested by SVP Canada.
  • Communicate and Collaborate with SVP Canada Region and CUO to ensure staffing and workflow is adequate to support Canada Region customer (external & internal) service and performance expectations.
  • Review monthly ABS Reports for accuracy of data including new/renewal bond booking line-cards, new accounts issued within Regional Underwriting Authority Limits, ALOC Expirations, Watch List Accounts and Action Plans, and Regional Collateral Index. Work with SVP Canada & CUO on addressing any concerns necessary to ensure the integrity of the Canada Region Portfolio.
  • Immediately alert communicate with SVP Canada to confirm if/when there is a material deterioration in account status or condition including claim notices and subsequently, with support of SVP Canada report accordingly to the CUO.
  • Own outcomes. Works collaboratively with SVP Canada, CUO, and Surety Claims on workouts, defaults, and bankruptcies to minimize/mitigate claim exposure.
  • Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives.


Minimum Qualifications
  • Advanced technical expertise, underwriting skills and knowledge of surety underwriting principles, practices and procedures
  • Proven experience with financial statement analysis, financial modeling and valuation.
  • Minimum of five years full-time surety underwriting experience
  • Exposure to U.S. market is an asset
  • Proficiency in the French language is an asset
  • Bachelor's degree in Accounting, Finance or Business Administration
  • Ability to effectively communicate underwriting observations, comments, questions, and decisions, both orally and in-writing


About Amynta Group

Amynta Group is a leading insurance services provider, offering property and casualty insurance solutions to businesses and individuals. The company operates through three segments: Specialty Equipment Insurance, Warranty and Protection Services, and Managing General Agency. The Specialty Equipment Insurance segment provides insurance coverage for equipment and commercial vehicles, while the Warranty and Protection Services segment offers extended warranty and protection services for consumer products. The Managing General Agency segment provides underwriting and claims management services for insurance companies. Amynta Group has operations in North America, Europe, and Australia, and serves customers in a variety of industries, including construction, transportation, and retail.
Learn more about Amynta Group
Size
2,000 employees
Industry
Founded
2018
Revenue
$1 billion

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