Intact Financial Corporation

Senior Underwriter, Commercial Lines

Intact Financial Corporation$87K — $106K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 5-7 years of relevant experience
  • Chartered Insurance Professional (CIP) designation preferred
  • Strong customer service skills with a focus on tailored solutions
  • Ability to handle complex risks and demonstrate business acumen
  • Solid communication skills, both written and verbal
  • Organizational skills with capacity for multitasking under pressure
  • Eligible to work in Canada without needing prior Canadian work experience

Responsibilities

  • Develop and maintain relationships with brokers through exceptional service and engagement in industry functions
  • Assess and evaluate moderate to complex risks, offering innovative solutions
  • Coach and mentor team members to enhance underwriting knowledge and broker engagement
  • Contribute to the evolution of Commercial Lines Underwriting through process improvements
  • Lead initiatives to meet underwriting service and profitability targets
  • Implement pricing and underwriting strategies in alignment with company policies
  • Negotiate and authorize acceptance of business in line with departmental objectives

Benefits

  • Flexible work arrangements
  • Wellbeing benefits including a wellness account
  • Employee Share Purchase Plan with company contribution match
  • Group RRSP with matching DPSP offerings for long-term security
  • Performance-based annual bonus up to 200% of target
Full Job Description
Pay at BrokerLink is about much more than just salary.

- Flexible work arrangements

- Multiple benefits offered to support physical and mental wellbeing, Wellness account and much more

- Share plan & other savings

Salary range (but not limited to):
87,200 - 106,600

Incentive plan
Annual bonus: 10% target, based on the base salary, with a potential payout of up to 200% (subject to personal and company performance)

As part of our commitment to Win As A Team, we share our success with employees through our incentive programs and Employee Share Purchase Plan (ESPP) - with BrokerLink matching a portion of your contributions.

Our Group RRSP, with company matching DPSP offerings provide flexibility and long-term security for our employees beyond their careers.

Salary for the candidate will be determined taking into consideration a number of factors including: experience, skills, qualifications, anticipated contribution to role, internal equity, location etc. The salary range presented below is based on a 35-hour workweek and would represent a majority of different candidate profiles. However, we encourage candidates who may fall outside of this range to apply as well.

About the role

We're looking for a Senior Underwriter to join our growing team!

What you'll do here:
  • Develop long-term and meaningful relationships with brokers by providing legendary service and participating in broker visits, field underwriting, insurance industry functions, and marketing events.
  • Assess and evaluate moderate to complex risks, analyzing requests for quotes, renewals and policy changes and recommend innovative solutions.
  • Coach and mentor team members to develop their technical underwriting knowledge and to enhance broker relationships.
  • Help shape the future of Commercial Lines Underwriting by providing creative solutions on process or workflow improvements to increase efficiency and elevate best practices
  • Provide leadership to ensure that the regional underwriting service, production and profitability levels are achieved.
  • Apply effective pricing and underwriting strategies in accordance with Company guidelines and personal underwriting authority limits.
  • Within your level of authority, quote, negotiate, sell, and authorize the acceptance of moderate to complex new business, renewals, and endorsements to develop and retain profitable business according to the business plan established for the department.
  • Arrange reinsurance if and when required.
  • Work closely to develop and maintain positive business partnerships with brokers, reinsurers and co-workers.
  • Use the computer system for policy inquiry, electronic filing, underwriting and rating transactions.


What you bring to the table:
  • Minimum 5 to 7 years of relevant experience
  • Chartered Insurance Professional (CIP) designation preferred
  • Care for people by being supportive, providing candid feedback and recognizing performance
  • Maintain an expert and current understanding of all relevant Commercial Underwriting Guides and instructions related thereto
  • Demonstrate the ability to handle complex risks
  • Awareness of local community conditions and insurance issues
  • Superior organization and demonstrated ability to handle multiple priorities and deadlines
  • Exemplary and proactive customer service skills to identify needs, effectively negotiate, and provide tailored solutions to brokers
  • Great communication skills (both written and verbal)
  • Strong negotiating skills and business savvy
  • Initiative and ability to work under pressure
  • Sound knowledge of Microsoft Office products and computer tools
  • No Canadian work experience required however must be eligible to work in Canada.


This role is a new member of our growing team.

About Intact Financial Corporation

Intact Financial Corporation is a Canadian insurance company that provides property and casualty insurance to individuals and businesses. The company operates in Canada and the United States and offers a range of insurance products, including auto, home, and commercial insurance. Intact Financial Corporation was founded in 1809 and is headquartered in Toronto, Canada.
Learn more about Intact Financial Corporation
Size
16,000 employees
Industry

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