Company: Sovereign Insurance
Department: Special Lines
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant
The Opportunity:The Underwriting Specialist, MGA Portfolio leverages strong underwriting expertise and portfolio management capabilities to provide technical guidance and oversight for Sovereign's delegated underwriting portfolio. This national role supports Sovereign's growth objectives by driving profitable performance across delegated authority distribution partnerships.
The role is responsible for overseeing delegated authority contracts through audits and portfolio analysis to ensure rate adequacy, profitability, and alignment with Sovereign's risk appetite, while also supporting the evaluation and onboarding of new portfolio opportunities aligned to business objectives.
Working closely with senior leadership, corporate partners, and distribution stakeholders, the Underwriting Specialist plays a key role in strengthening and expanding partner relationships, supporting business development initiatives, and advancing long term portfolio growth and profitability.
How you will create impact: - Supporting the development, implementation, evolution, and management of new and existing delegated authority portfolios while identifying opportunities for new business growth.
- Assessing risk factors and market conditions to determine appropriate premium rates for delegated authority portfolios, leveraging actuarial tools, historical data, and market insights to drive profitable and competitive solutions.
- Responding to referrals on complex accounts while maintaining alignment with the portfolio's delegated underwriting intent and supporting business retention and expansion opportunities.
- Managing portfolio growth and profitability while ensuring adherence to delegated facility guidelines and advancing strategic business development objectives.
- Leading and participating in external underwriting audit processes, including driving timely follow up actions and strengthening partner accountability and performance outcomes.
- Evaluating coverage terms, limits, exclusions, and endorsements to ensure compliance with underwriting guidelines while supporting tailored client solutions and market competitiveness.
- Developing and strengthening relationships with delegated authority partners by promoting Sovereign's value proposition, identifying expansion opportunities, and supporting new business generation initiatives through meetings, presentations, workshops, and stakeholder engagement.
- Managing partner relationships as a key point of contact for issues or concerns, facilitating escalations and resolutions while reinforcing trust, service excellence, and long-term business growth.
To join our team: - A minimum of 10 years of experience in the insurance industry within senior underwriting roles
- Minimum 2-3 years of corporate/national underwiring experience, managing referrals, overseeing portfolio performance and executing audit exercises
- Previous experience in in other lines of business-like commercial property, casualty and cyber would be considered an asset
- Bilingualism (French/English) would be considered an asset.
- CIP and/or CRM designation preferred.
- Proven relationship building experience, specifically working with delegated authority partners
- Strong communication skills to effectively manage internal relationships and external partnerships to navigate through complex business cases.
How you will succeed:- You thrive on delivering our exceptional client experience through positive and engaging relationships; embracing accountability to achieve effective results.
- You ensure your day to day actions are in harmony with the company's purpose, vision, and values even when challenged.
- You are open and adaptable to changing conditions with a natural curiosity to explore and try new approaches.
- You value cooperative and collaborative dialogue because diverse perspectives offer more creative and productive solutions.
What you need to know:- You are required to have a valid driver's license and insurance.
- You will travel regularly.
What's in it for you?- Room to grow with confidence - build your career, contribute your ideas, and see the impact of your work.
- A culture that values you - inclusive, collaborative, and respectful, where different perspectives are encouraged and heard.
- Rewards that recognize you and the work you do - competitive salary and variable compensation, benefits and pension, paid time off, development and recognition programs.
- Support for your well-being - a holistic approach to physical, mental, social, and financial wellness.
- Pride in purpose - being part of a Canadian organization dedicated to protecting Canadian businesses and the communities they serve while giving back through volunteering, donations, and national initiatives that help build a more sustainable future.
Expected salary/hourly range $104,717 - $154,700+
The salary amount for the successful candidate is determined by The Cooperators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.
Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.
