Senior Underwriting Specialist, Micro/SME Commercial Insurance

Tokio Marine Canada Ltd

$110K — $135K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • University degree or college diploma preferred
  • 7+ years of commercial underwriting experience, preferably in programs
  • CIP or FCIP designation preferred
  • Strong stakeholder management and organizational skills
  • Customer-first mindset and collaborative spirit
  • Experience with insurance portals and digital insurance distribution
  • Interest in underwriting technology and AI in insurance

Responsibilities

  • Evaluate program opportunities and set coverage, terms, pricing
  • Negotiate new and renewal program business with brokers and MGAs
  • Handle referrals and escalations from DUA agreements and TM Canada brokers
  • Provide input for new insurance wordings and agreements
  • Monitor portfolio performance and determine trends with Actuarial and Claims teams
  • Ensure documentation meets departmental standards
  • Foster strong relationships with reinsurers, brokers, and Claims partners

Benefits

  • Hybrid work model with flexibility between office and remote work
  • Opportunity to contribute to the development of Micro/SME strategy
  • Possibility of travel up to 10% for market presentations and business development
  • Collaborative environment working closely with various business units
  • Ongoing learning and adaptability to marketplace changes and trends
Full Job Description
Join Us as a Sr. Underwriting Specialist - Programs in Micro/SME Commercial Insurance Solutions

The Opportunity

We're hiring a Sr. Underwriting Specialist - Programs to grow our Micro/SME Commercial Insurance Solutions team. Working in a small team, you'll collaborate with business leaders and DUA partners to deliver creative, solutions-driven underwriting.

What You'll Be Doing
  • Evaluate program opportunities and determine coverage, terms, pricing
  • Negotiate new and renewal program business with brokers and MGAs for digital and non-digital programs
  • Handle referrals and escalations under DUA agreements and from TM Canada brokers
  • Provide input for new insurance wordings and agreements
  • Monitor portfolio performance, manipulate data and determine trends in collaboration with Actuarial and Claims colleagues
  • Ensure documentation meets departmental standards
  • Foster strong relationships with reinsurers, brokers, MGAs, and Claims partners
  • Deliver market presentations and support business development
  • Collaborate across business lines for a multi-line approach
  • Ongoing learning and updating of changes in marketplace, insurance trends, and litigation
  • Developing, maintain, and enhance underwriting manuals and contribute expert knowledge to process documentation
  • Working closely with internal stakeholders in building and implementing Micro/SME strategy.
  • Promoting the Tokio Marine Canada brand, working closely with various business units including the broader Commercial Insurance team and Professional and Financial Solutions.
  • Assist with broader company tasks as needed
  • Possibility of travel up to 10%

Who You Are

You're a proactive underwriter who thrives in dynamic environments and builds strong programs.

You bring:
  • A university degree or college diploma preferred
  • 7+ years of commercial underwriting experience (programs preferred)
  • CIP or FCIP designation (preferred)
  • Strong stakeholder management and organizational skills
  • A customer-first mindset and collaborative spirit
  • Comfort in a dynamic, evolving environment
  • Experience with insurance portals, and digital insurance distribution in the P&C insurance market
  • A keen interest in underwriting technology and AI in insurance
  • The ability to partner with our staff within different lines of business.
  • A proven ability to manage multiple priorities and meet deadlines, driving for results.
  • Strong written and verbal communication skills.
  • Proficiency in Microsoft Office (Word, Excel, PowerPoint, Teams, and Outlook).
  • Bilingual (English/French) preferred but not required.


This posting is for an existing vacancy at Tokio Marine Canada. We are actively hiring for this position and encourage qualified candidates to apply.

Tokio Marine Canada may use AI tools during the recruitment process to assist with screening, assessment or selection of applicants for a position.

The anticipated base salary range for this position is ($110,000-$135,000). Compensation may vary for roles in other regions to reflect local market conditions and currency differences. At Tokio Marine Canada, our salary ranges are designed to reflect the skills, experience, and responsibilities required for each role while providing room for growth. For experienced professionals, offers are typically positioned near the midpoint of the range. The upper end of the range is reserved for individuals who consistently deliver exceptional performance and impact. Candidates who are newer to the role may start below the midpoint, with opportunities to progress as they develop. Final offer decisions take into account factors such as location, relevant experience, and individual skill set.

We work in a hybrid model, and you should expect to split your time between working in the office and working remotely, with flexibility based on the role and the business needs.

We currently have an office in downtown Toronto and will eventually be establishing offices in other provinces. Should you currently work in a province where we do not have an office, you will remain remote until such time as we do establish an office.

Tokio Marine Canada is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if TMCan hires that candidate.

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