New Job Underwriter (Commercial Property) In Alberta
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| Underwriter (Commercial Property) |
Underwriter (Commercial Property)
Company : Jobssummary / Indeed
Salary : Details not provided
Location : Alberta
Full Description
Do you value integrity and innovation? How about passion and caring? Great! Us too, and that's why you'll fit right in. Our intentional culture promotes trust and participation, encouraging you to bring your heart and mind to work every day.
Out-of-Scope
Multiple Positions
Work Location: These roles are eligible for hybrid work. This means you’ll have the flexibility to work from home and in the office (Calgary) on a scheduled rotation.
The successful candidates will be responsible for reviewing, evaluating and determining insurability for routine and moderately complex new and renewal applications for SGI CANADA (Alberta) commercial auto or property insurance products. Examines the nature and degree of risk involved, negotiates conditions, rates and premiums with brokers and processes insurance policies.
Key Accountabilities
Note: This section is not intended to be an exhaustive list of duties and responsibilities – other duties and responsibilities may be assigned.
Insurance Underwriting
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Reviews and evaluates routine and moderately complex new/renewal applications to determine the nature and degree of risk involved.
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Acquires further information on applications (and the risks involved) when necessary.
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Determines whether to accept or reject the risk, or accept the risk subject to certain conditions.
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Determines percentage of involvement in subscription policies and/or arranges for reinsurance.
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Identifies and recommends improvements to insurance products and/or systems.
Policy Processing
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Processes new/renewal applications, revisions, cancellations and quotes with a focus on acquiring new business through quotes.
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Calculates premiums, ensuring that appropriate rates are used and that applicable discounts and surcharges are applied.
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Ensures that product and customer service levels are maintained.
Sales and Negotiation
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Negotiates conditions or limitations with brokers on policies to balance business needs and underwriting guidelines.
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Negotiates rates and premiums with brokers to balance business needs and underwriting guidelines.
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Promotes and sells supporting products to brokers.
Broker Relationships
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Explains underwriting criteria and decisions to brokers (verbally and/or in writing).
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Develops and maintains working relationships with brokers to generate a flow of profitable business, and provides assistance in resolving any service matters.
Training and Mentoring
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Provides training on underwriting policies, procedures and guidelines.
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Gives guidance on conditions and rates when required.
Leadership
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Actively contributes to and supports a culture of a high performing workforce.
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Participates in divisional succession plans, ensuring ongoing professional and career development and supports development in others.
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Supports a culture of leadership and accountability to effectively deliver on strategic and corporate strategies.
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Is actively committed to leadership development across the company, supporting team and workforce readiness through mentoring, training and developmental opportunities.
Corporate Management
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Enables the success of programs and policies that are in alignment with corporate, strategic and divisional strategies.
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Manages risk in area of authority.
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Ensures that the Health, Safety and Emergency Management Policy is applied in area of responsibility.
Education and Experience
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A two- year diploma in a relevant field of study such as Business, or defined equivalency.
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Minimum of 1 year experience in underwriting for our Junior roles and a Minimum of 3 years experience for our Intermediate roles.
Knowledge, Skills and Abilities
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Knowledge of the principles and practice of insurance, underwriting policies and procedures, and applicable insurance products.
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Knowledge of premiums, coverages, and deductibles for applicable insurance products.
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Knowledge of reinsurance principles.
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Knowledge of the applicable regulatory environment.
Behavioural Competencies
Leader Level 2 – Applies (Self & Others)
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Accountability - Goes Beyond Basic Expectations to Implement Customer/Partner Focused Solutions
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Business Acumen - Applies Business Fundamentals and Thinks in Future-Oriented Terms
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Change Agility - Is Nimble; Shifts Gears Quickly and Comfortably
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Leadership - Leads Self and Others
Posting Close Date:
January 9, 2023
As you prepare to submit your application, and cover letter if applicable, please highlight the achievements that demonstrate why you're a great candidate for this role.