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Commercial Underwriter Job Description: Top Duties and Requirements

A Commercial Underwriter, or Business Underwriter, evaluates an organization’s risk of insuring commercial applicants to ensure the company is making smart financial decisions and minimizing risk. Their main responsibilities include investigating commercial applicants and determining their risk level, deciding appropriate coverage amounts for applicants, and processing insurance applications.

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Commercial Underwriter duties and responsibilities

Commercial Underwriters are primarily responsible for determining whether the organization should approve a new commercial client for insurance or if they’re too much of a risk. Some other duties and responsibilities include:

  • Investigate a client’s financial history
  • Analyze information in an insurance application to ensure it’s correct
  • Use relevant underwriting software
  • Evaluate the software’s recommendation and offer their own recommendation
  • Create summary reports for clients and upper management
  • Develop comprehensive payment schedules and insurance agreements for clients
  • Identify and inform management of potential risks of insuring the client
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Commercial Underwriter Job Description Examples:

Example 1

Position Overview

Trans Canada Insurance Marketing is hiring a Senior Underwriter to join our team. The successful candidate will report to the Executive Vice President, Underwriting and may also take direction from other managers. They will also be responsible for preparing and processing new business, renewal and endorsement documentation.

Responsibilities:

  • Analyze moderate to complex requests for es, renewals, policy changes and recommend innovative solutions
  • Implement and exercise sales techniques in order to successfully bind and retain new business and renewals to maintain and grow the book
  • Underwrite new business and renewals/endorsements to achieve an underwriting profit
  • Perform risk assessments and determine pricing for new business, renewals and endorsements for Contractors, Construction Accounts, Commercial Select Accounts and Public Sector Accounts
  • Evaluate and underwrite new business and renewals
  • Perform file reviews for renewals to ensure that pricing and underwriting criteria fit within the parameters of our contracts
  • Participate in broker visits, insurance industry functions and marketing events in support of broker relationship development.
  • Provide technical advice, mentoring and coaching to team members
  • Ensure industry legal compliance
  • Provide excellent customer service to set brokers and accountability obtaining regional targets

    Requirements:

  • Have a P&C broker license valid in Alberta
  • Minimum 5 years� commercial underwriting experience
  • Knowledge of commercial property and liability
  • Superb interpersonal skills, a strong team player and detail oriented
  • Solid experience with rating and underwriting procedures
  • Ability to work effectively alone and with others
  • Firm understanding of insurance industry terminology
  • Ability to be a self-starter with strong written, oral communication and organizational skills
  • Advanced skills in Excel, Outlook & Word, Policy Works
  • Strong understanding with rating and underwriting procedures
  • Have obtained or working towards C.I.P. designation

    Trans Canada Insurance Marketing is actively committed to support diversity, equity, and inclusion. We serve and recognize and respect human differences and similarities. We value the diversity of people and actively encourage women, indigenous peoples, members of visible minorities, people with disabilities, and lesbian, gay, bisexual, transgender, and queer (LGBTQ2+) persons to apply. We are committed to providing accommodation upon request for applicants and employees with disabilities. If you require accommodation, we will work with you to meet your needs.

    Job Type: Full-time

    Benefits:
  • Dental care
  • Employee assistance program
  • Extended health care
  • Life insurance
  • Paid time off
  • RRSP match
  • Tuition reimbursement
    Schedule:
  • Monday to Location: Remote

    • Example 2

    MGA / Wholesale Broker of the Year in 2020, APRIL Canada specializes in developing and offering a wide range of insurance niche property and casualty insurance products where we meet the demands of 2,500 brokers by being competitive and flexible to the needs of the insured.

    The market segments served in Canada are Construction, Contractors, Motor Truck Cargo, Realty, Vacant Dwellings, Third Party Liability for Manufacturers and Wholesalers, Standard and Specialized Errors and Omissions, Personal and Commercial Automobiles, Freight Transportation, Cyber, Student Housing, Pleasure Marine and Commercial Marine. In Canada, the April Group serve more than 2,500 insurance broker clients and has more than 100 employees. As part of the Global APRIL Group, which employs 4,000 people worldwide, APRIL Canada currently employs more than 100 people in 2 offices (Toronto, ON and Brossard, QC).

    We are currently seeking a Commercial Underwriter to join our department. Reporting to the Director of the Department, your primary mission will be to analyze applications received through brokers and provide es with the best possible protection for the client's property. We are looking for dynamic, motivated people who are curious to learn and who like to question things, to join the big APRIL family and change the image of insurance together!

    More specifically, your responsibilities will be to:

    Analyze the applications received from our brokers and provide es with the best possible coverage for the risk. More specifically, your responsibilities will be to:

  • Underwriting new business, respecting the insurer's delegation of authority
  • Analyze the es received and rate them
  • Prepare renewal offers and endorsements
  • Communicate with brokers (telephone and email) to ensure fast, courteous and professional service
  • Contact brokers to establish new business streams and/or solidify existing contacts

    This job can be yours if you have:

  • 3 years of Commercial Underwriting Experience
  • Knowledge of some combination of: Realty, Manufacturing / Wholesaling, Construction, Professional Lines (Miscellaneous E&O and/or Personal Services Med Mal), General Property and CGL, and Transportation underwriting.
  • Great ease with Outlook, Word and Excel tools
  • Excellent oral and written communication

    And even better if you :

  • Know how Lloyd's works
  • Hold or are in the process of obtaining the CIP designation

    At APRIL, our values are lived out on a daily basis. Here are the ones that will make you feel at home with us:

  • People are at the heart of everything we do. We trust our employees.
  • Team spirit is very important. We help and respect each other.
  • The strengths of one person make up for the weaknesses of the other.
  • When one of us wins, we all win.
  • Intrapreneurship is strongly encouraged. Positions are defined by the employees.
  • We challenge the way we do things to go further.
  • We have an open door policy: managers are always listening and cooperation between teams is encouraged.

    Working at APRIL pays off

    Recognized as one of the best employers in the insurance industry by Top insurance workplace 2021, we offer our employees a wide range of benefits:

  • Competitive salary
  • Flexible working hours (35 hours per week) as well as telecommuting opportunities Work/family balance at the heart of the company's model.
  • 3 weeks of vacation starting the 1st year as well as 5 personal day per year, a day of volunteering and a free day for your birthday!
  • New, colorful, open-plan offices
  • Business casual dress code
  • Competitive benefits program, including group insurance, employee assistance program and telemedicine for employees and their families
  • Savings incentive (group RRSP, 2.5% employer participation)
  • Profit sharing program for all employees from the first year
  • Continuous training offer, possibility of employer-paid training
  • Equipment in the office as at home
  • Free parking

    If you are interested in this opportunity, please send your resume to this email: [website] We look forward to speaking with you!

    Job Types: Full-time, Permanent

    Benefits:
  • Casual dress
  • Commuter benefits
  • Company pension
  • Dental care
  • Disability insurance
  • Employee assistance program
  • Extended health care
  • Flexible schedule
  • Life insurance
  • On-site parking
  • Paid time off
  • Profit sharing
  • RRSP match
  • Vision care
  • Work from home
    Schedule:
  • Day shift
  • Monday to Friday
  • No weekends
    Supplemental pay pay

    Work Location: Hybrid remote in Toronto, ON M2J 4R4

    • Example 3

    Our Aviva Business Programs unit is currently seeking top talent to join our Realty Delegated Authorities team in our Vancouver office. If you are looking to develop, grow and build your portfolio underwriting knowledge, this may be the change you are seeking. We are in search of an experienced and engaged Commercial Lines P&C Underwriter who wants to be part of a winning team and grow professionally. The suitable candidate will have commercial Property and Casualty experience, ideally with experience in realty practice. In this role, you will review program coverage terms and conditions, establish premiums, and prepare concise referrals, including recommended actions. You will also participate in negotiations with brokers on coverage terms and conditions, pricing, and other midterm requests. Building partnerships and promoting the value of Aviva is a key responsibility, as is staying up to date with market trends and broker management initiatives. Additionally, you will be required to conduct self-reviews and broker audits.

    What you will do

  • Review program and account submissions, assessing them against our current guidelines and pricing strategy.
  • Responsible for negotiating terms and pricing with our Broker partners to ensure sustainable, profitable business.
  • Building and maintaining strong relationships with our Broker partners, promoting Aviva products and prioritizing service levels.
  • Actively seek opportunities for growth, including new business and renewals, and manage mid-term requests and changes for medium to complex accounts or programs.
  • Underwriting claims and liaising with claims and risk services personnel as needed.
  • Review broker placements on a monthly basis to confirm broker authority adherence.
  • Participate in sector self-reviews, ad-hoc portfolio reviews and Broker audits following our Corporate Commercial Insurance governance process as required.
  • Represent Aviva at industry or broker events
  • Provide feedback and support to the Segment Leader as required.

    What you will bring

  • Minimum 5+ years of Commercial lines property and casualty underwriting experience, with considerable exposure to the realty segment.
  • Strong analytical skills with an ability to adapt to portfolio underwriting.
  • Effective use of time management and the ability to work independently.
  • Excellent interpersonal skills, and overall communication style and approach, including familiarity with software for risk analysis, preparation of presentations, reports and exhibits like MS Office Suite products
  • Good negotiation skills including an aptitude for face-to-face communication with brokers.
  • CIP designation or enrollment is desirable.
  • Bachelor�s degree is a strong asset.

    What you�ll get

  • Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
  • Exceptional Career Development opportunities.
  • We�ll support your professional development education.
  • Competitive vacation package with the option to purchase 5 extra days off per year
  • Employee driven programs passionate about gender, LGBTQ+, origins, diversity and inclusion
  • Corporate wellness programs to support our employees� physical and mental health
  • Hybrid flexible work model

    Additional Information:

    Aviva Canada is committed to providing accommodations for people with disabilities during all phases of the hiring process including the application process. If you require an accommodation because of a disability, we will work with you to meet your needs. Applicants need to make their needs known in advance. If you are selected for an interview and require an accommodation, you are encouraged to advise the Talent Acquisition Partner who will consult with you to determine an appropriate accommodation.

    Job Types: Full-time, Permanent

    Benefits:
  • Casual dress
  • Company events
  • Company pension
  • Dental care
  • Employee assistance program
  • Employee stock purchase plan
  • Extended health care
  • Life insurance
  • Profit sharing
  • Store discount
  • Vision care
  • Wellness program
  • Work from home
    Schedule:
  • Day shift
  • Monday to Friday
  • No weekends
    Supplemental pay pay

    Work Location: Hybrid remote in Vancouver, BC V6Z 2K8

    • Example 4

    Underwriter � Specialty Commercial Insurance

    Forward Insurance is looking for a full-time Commercial Underwriter - Specialty Linesto join our team in our Vancouver office.
    Forward Insurance Managers Ltd. is a growing InsurTech Managing General Agency (MGA) licensed across Canada and distributes property & casualty insurance products through brokerage partners. Our vision is to blend traditional insurance delivery with technology for a modern approach. People + Technology. If you�re interested in developing your underwriting skills or looking to take your insurance career to the next level, we may be the right fit for you.

    Responsibilities:

    � Underwriting specialty commercial lines risks within your level of authority based on your level of experience.

    � Answering inquiries and providing support to our brokers while building + maintaining relationships.

    � Preparing underwriting instructions for processing on renewals, endorsements, cancellations, new business.

    � Achieve performance targets and meet required deadlines to maintain service standards.

    � Promote and model Forward culture, values and brand promise.

    � Other duties as required.

    Requirements:

    � Minimum 3 years experience (underwriting or broker marketing role).

    � Strong professional communication, both written and verbal.

    � Excellent customer service skills.

    � Strong computer skills including high proficiency with MS office.

    � Able to work effectively under pressure and deliver on deadlines and service standards.

    � An inclusive and transparent collaboration style.

    � Aptitude to adapt to changes in the workplace positively.

    � Successful completion of a criminal record check.

    � Preference given to applicants with underwriter, broker, or other industry experience and /or education (CAIB, CIP or other relevant designations)

    This role includes a benefits package.

    Work remotely

  • No

    Job Type: Full-time

    Benefits:
  • Extended health care
    Schedule:
  • Monday to Friday

    Application question(s):
  • Do you have experience in the insurance industry or have you completed insurance specific Location: One location

    • Example 5

    Aviva Canada Inc. has an excellent opportunity in our Small Medium and Enterprise (SME) commercial insurance business unit. Our Commercial Insurance Underwriting Vancouver region is hiring! We are looking for experienced Commercial Lines Underwriters to manage Core business for Property and Casualty. We are hiring Jr to Senior Underwriters.

    As a Core Underwriter, you will service a portfolio of core commercial insurance business requiring a proven underwriting ability and a dedication to customer service perfection. You will be involved in the underwriting of small to mid-sized commercial property and casualty accounts, with premiums under $25,000, as well an opportunity to showcase your commercial underwriting knowledge. We are interested in speaking with insightful business minded underwriters. You will champion excellent relationships through daily management of an assigned broker portfolio.

    This role will start off as working remotely from home and gradually will move to remote and in office location flexibility.

    What You�ll Do:

  • Qualify and underwrite by understanding needs and risk characteristics of the customer, ensuring benefit from both top-line and profitability perspective.
  • Develop and maintain relationships cross-functionally and with external stakeholders, to deliver exceptional broker and customer service.
  • Providing support for junior underwriters, to provide mentoring and authorize risks within own established authority levels.
  • Maintain the quality and profitability of the portfolio, and refer all risks outside established authority level to Specialist.
  • Provide insight on market research and analysis; develop business cases for pricing, coverage and/or product improvements.
  • Contribute to the introduction and communication of pricing, coverage and/or product changes on time, including creating underwriter bulletins, contributing to the development of underwriting guidelines, procedures, and manuals.
  • Help identify areas of concern regarding loss ratios, risk trends, or other discrepancies, applying remediation strategies as appropriate.
  • Build knowledge of all Information Systems/Programs within Commercial Insurance.
  • Participate in Underwriting Quality Reviews and audits as required.
  • Support maintenance of a compliant underwriting environment in relation to guidelines and rules.

    What You�ll Bring:

  • At least 1 year� of experience underwriting commercial insurance
  • Post-secondary education (Business or related discipline) or equivalent practical experience
  • CIP/FCIP preferred
  • Strong knowledge of underwriting, pricing and product in key segments, i.e. Wholesaling, Manufacturing and Contractors
  • Working knowledge of other functional areas (i.e. Claims, Business Development, Pricing, Billing, etc.).
  • Strong understanding of underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures.
  • Proficiency with Microsoft Office Suite
  • Knowledge and experience working with commercial insurance systems such as RTM is considered an asset
  • Strong interpersonal skills to develop long-term relationships with brokers and customers.
  • Ability to collaborate with internal business partners to deliver a great broker and customer experience.
  • Ability to be self-motivated and proactively pursue potential business opportunities with brokers and customers

    What You�ll Get:

  • Competitive rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
  • Hybrid work model
  • Exceptional career development opportunities with diverse career paths.
  • We support your professional development and your investment in academic studies.

    Job Types: Full-time, Permanent

    Benefits:
  • Casual dress
  • Company events
  • Company pension
  • Dental care
  • Employee assistance program
  • Employee stock purchase plan
  • Extended health care
  • Life insurance
  • Profit sharing
  • Store discount
  • Vision care
  • Wellness program
  • Work from home
    Schedule:
  • Day shift
  • Monday to Friday
  • No weekends
    Supplemental pay pay

    • Example 6

    Aviva Canada Inc. has an excellent opportunity in our Small Medium and Enterprise (SME) commercial insurance business unit. Our Commercial Insurance Branch located in London, ON, has opportunities for Senior Commercial Lines Underwriters. We are seeking both Middle Market and Core Underwriters for Property and Casualty.

    As a Middle Market Underwriter, the accountability in this role is to drive profitable growth through quality underwriting with a middle market commercial focus, these are medium-sized accounts in select segments focusing on wholesale, manufacturing and contractors which typically fall above the annual premium band of $25,000. As a Senior Middle Market Underwriter, you are accountable to collaborate with internal partners to identify new business opportunities and to provide superior technical expertise to brokers and customers to price the risk appropriately.

    As a Core Underwriter, you will service a portfolio of core commercial insurance business requiring a proven underwriting ability and a dedication to customer service perfection. You will be involved in the underwriting of small to mid-sized commercial property and casualty accounts, with premiums up to $24,000, as well an opportunity to showcase your commercial underwriting knowledge. We are interested in speaking with insightful business minded underwriters. You will champion excellent relationships through daily management of an assigned broker portfolio.

    Accountabilities:
  • Qualify and underwrite deal through understanding needs and risk characteristics of the customer, ensuring benefit from both top-line and profitability perspective.
  • Develop and maintain relationships cross-functionally and external stakeholders, to deliver exceptional broker and customer service.
  • Act as a point of escalation for more junior underwriters to refer Middle Market risks, and authorize risks within own established authority levels.
  • Maintain the quality and profitability of the portfolio, and refer all risks outside established authority level to Specialist.
  • Provide insight on market research and analysis; develop business cases for pricing, coverage and/or product improvements.
  • Contribute to the introduction and communication of pricing, coverage and/or product changes on time, including creating underwriter bulletins, contributing to the development of underwriting guidelines, procedures, and manuals.
  • Help identify areas of concern regarding loss ratios, risk trends, or other discrepancies, applying remediation strategies as appropriate.
  • Build knowledge of all Information Systems/Programs within Commercial Insurance.
  • Participate in Quality Reviews and audits as required.
  • Support maintenance of a compliant underwriting environment in relation to filed rates and rules.
  • Participate in regulatory filings for rate changes and build filings for forms and underwriting
  • Maintain knowledge of industry trends, developments, and regulatory changes.

    Required Qualifications, Knowledge, AND Skills:
  • At least 8 years� experience in commercial Insurance underwriting
  • Post-secondary education (Business or related discipline) or equivalent practical experience
  • CIP/FCIP preferred
  • Strong knowledge of underwriting, pricing and product in key segments, i.e. Wholesaling, Manufacturing and/or Contractors
  • Working knowledge of other functional areas (i.e. Claims, Risk Management, Accounting, etc.).
  • Strong level of understanding of underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting/technical manual information, statuary constraints, and computer workflow procedures.
  • Proficiency with Microsoft Office Suite, RTM, Commercial systems and other related systems.
  • Ability to interact in a professional manner to develop long-term relationships with brokers and customers.
  • Ability to work with internal business partners to deliver a great broker and customer experience.
  • Ability to be self-motivated and proactively pursue potential business opportunities with brokers and customers.
  • Ability to listen to broker and customer needs in order to effectively and efficiently meet them.

    What You�ll Get:

  • Competitive rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
  • Exceptional Career Development opportunities.
  • We�ll support your professional development education

    Additional Information:

    Aviva Canada is committed to providing accommodations for people with disabilities during all phases of the hiring process including the application process. If you require an accommodation because of a disability, we will work with you to meet your needs. Applicants need to make their needs known in advance. If you are selected for an interview and require an accommodation, you are encouraged to advise the Talent Acquisition Partner who will consult with you to determine an appropriate accommodation

    Job Types: Full-time, Permanent

    Additional pay:
  • Bonus pay
    Benefits:
  • Casual dress
  • Company events
  • Company pension
  • Dental care
  • Employee assistance program
  • Extended health care
  • Flexible schedule
  • Life insurance
  • On-site parking
  • Paid time off
  • Profit sharing
  • Stock options
  • Store discount
  • Vision care
  • Wellness program
  • Work from home
    Schedule:
  • Day shift
  • Monday to weekends

    • Example 7

    Job Title:Commercial Underwriter

    Department:Credit Department, Underwriting & Adjudication

    Reports to:Manager, Commercial Lending & Vice President, Credit Department

    Job Purpose

    The Commercial Underwriter is responsible for underwriting and subsequent management of an assigned portfolio of commercial mortgage and corporate loans. The Commercial Underwriter provides high level of expertise in administration of the Bank�s commercial underwriting business by analyzing financial and supporting documents. The Commercial Underwriter must ensure that all applications adhere to the Bank�s established policies, underwriting standards and compliance & control requirements.

    Duties and Responsibilities

    Adjudication of New Credit

  • Receive and verify mortgage applications for completeness and accuracy while ensuring adherence to the Bank�s established lending criteria and applicable compliance requirements
  • Perform in-depth financial analysis of prospective clients by reviewing supporting documents including rent rolls, financial statements, and corporation tax returns
  • Perform thorough review of collaterals by reviewing third party reports including appraisal, environmental site assessment (phase 1 & 2), and building condition assessment
  • Prepare underwriting report (loan summary) including financial and collateral analysis to assist in the loan approval process, and submit recommendations to the credit committee
  • Participate in the credit committee, and assist the management in the final approval process by establishing appropriate loan terms, conditions and covenants
  • Communicate with internal contacts (branch managers & commercial loan staff) and issue commitment by outlining loan terms and conditions assigned by the credit committee
  • Ensure all pre-funding conditions are met and coordinate with internal contacts to ensure transactions are processed in a timely and efficient manner
  • Follow up on any post-funding conditions, and ensure timely fulfillment prior to the established deadlines

    Management of Existing Portfolio

  • Perform annual reviews for assigned loan portfolio within prescribed deadlines
  • Ensure timely receipt of financial statements and other required documents including rent rolls, property taxes, and insurance
  • Monitor ongoing compliance with loan covenants in accordance with credit agreement, and submit status report to the credit committee upon identification of any breaches/problems
  • Determine appropriate credit risk rating based on updated financial information and supporting documents
  • Participate in the loan review committee on a periodic basis and establish remedial action plans on delinquent loan accounts with the internal stakeholders (branch, risk management, and internal audit)

    Other Duties

  • Conduct research on market trends and latest developments within industry (e.g. vacancy rate, cap rate, and property values)
  • Perform on-site inspection at the credit committee�s discretion
  • Perform other administrative and reporting duties required by the department

    Qualifications and Skills

  • Undergraduate degree in Accounting, Finance, Economics, or a related area
  • 2 - 5 years of experience in commercial lending
  • Experience in syndication and corporate loans (preferred)
  • Proficient underwriting skills and ability to assess third party reports
  • Strong understanding of real estate based and unsecured lending
  • Experience in financial analysis
  • Strong analytical skills
  • Ability to work against tight deadlines and prioritize tasks
  • Ability to seek and process information, quickly drawing and summarizing conclusions
  • Ability to work effectively in self-directed and team-based environments
  • Self-starter, dependable, strong organizational skills and attention to detail

    Job Types: Full-time, Permanent

    Benefits:
  • Company pension
  • Dental care
  • Extended health care
  • Life insurance
  • Vision care
    Schedule:
  • Monday to Friday

    Ability to commute/relocate:
  • Toronto, ON M2N 6K1: reliably commute or plan to relocate before starting work (required)

    Experience:
  • underwriting: 1 year (preferred)
  • Underwriters & Credit Analysts: 1 year deadline: 2022-06-18

    • Example 8

    About the Role

    The Commercial Underwriter provides underwriting support and service to commercial producers, under the direction of the Commercial Underwriting Manager.

    The Commercial Underwriter reports to the Commercial Underwriting Manager and has functional relationships with the commercial producers, processors and assistants within the company.

    *
    Position Duties*

  • Execute individual pricing and risk selection decisions within the assigned underwriting authority and in accordance to company guidelines
  • Collect background information and assessments of risk
  • Analyze statistical data using specialist computer programs
  • Make sensible underwriting judgements and negotiations
  • Determine premiums and prepare competitive es
  • Prepare insurance policy terms and conditions to be approved by senior underwriters
  • Work effectively within a team to achieve efficient operations, business improvements, and profitable underwriting results
  • Keep detailed records of policies underwritten and decisions made
  • Review claims on file and underwrite files accordingly
  • Follow applicable insurance laws
  • Other duties essential to the position as directed.

    Knowledge, Skills, AND Abilities

    *
    Knowledge*
    The incumbent must have proficient knowledge in the following areas:

  • CIP designation or working towards one is an asset
  • At least 5 years of proven underwriting knowledge
  • The Agency Manager (TAM)
  • Commercial Liability

  • Excellent knowledge of insurance policies
  • Microsoft Excel and Word
  • Commercial Property

    *
    Skills*
    The incumbent must demonstrate the following skills:

  • Analytical and problem-solving skills
  • Good judgement and decision making skills
  • Organizational and planning skills
  • Effective verbal, presentation, and listening communication skills.
  • Attention to detail
  • Effective written communication skills
  • Computer skills, including the ability to operate all software used at the firm
  • Time management skills

  • Strong working knowledge of Microsoft Excel

    *
    Abilities*
    The incumbent must demonstrate the following abilities:

  • Honesty and trustworthiness
  • Respectfulness
  • Ability to multi-task
  • Reliability
  • Ability to work collaboratively and / or independently
  • Cultural awareness and sensitivity
  • Flexibility

    *
    Working Conditions*

    The incumbent will be based out of the Brentwood office but there is the potential for remote work for the right candidate. Being based in Greater Victoria or the lower mainland area is preferable. Hours of work will fall into the office�s opening hours (8:00 am to 5:30 pm), although there may be some allowance made to work outside of these hours, with permission from management.

    Occasionally, an opportunity may arise to work overtime hours. All overtime hours must be pre-approved by a supervisor or manager. Unauthorized overtime is not permitted and will not be compensated.

    Vacation time must be coordinated with the Commercial Underwriting Manager to ensure the department maintains coverage at all times. Salary is negotiable.

    If you believe that you are the right fit, please apply with your most recent look forward to hearing from you.

    Job Type: Full-time

    • Example 9

    Sauce Recruitment is an advocate for careers in the insurance industry.

    We facilitate meaningful introductions between our candidates and new potential employers. We are a corporate matchmaker! We come armed with an intimate understanding of the insurance industry, and an excellent knowledge of our clients. We pride ourselves on matching our candidates and clients when it comes to job function as well as culture fit. Both equally necessary for a long term career solution.

    Description:

    Are you unhappy with your current employer? Looking for increased compensation or remote work? Are you seeking growth & learning opportunities? We have dozens of connections on the Broker & Company side and we would love to introduce you.

    Currently Seeking:

    Underwriters in Edmonton, AB & Calgary, AB

    � Minimum 1 year experience underwriting commercial property and/or casualty business

    � Detail oriented professional

    � Strong analytical, decision-making and negotiation skills

    � Post Secondary Degree or equivalent preferred

    � CIP designation preferred, or working on pursuing a CIP designation is an asset

    � Level 1 or 2 brokers license preferred or willing to obtain

    � Interested in deepening your insurance underwriting knowledge

    Looking for a new job can be a full time job! Let us help you in your search.

    Please upload your Resume and one of our Talent Advisors will be in touch with you. For additional information, please view our website.

    Job Types: Full-time, Permanent

    Salary: $60,000.00-$85,000.00 per year

    Additional pay:
  • Bonus pay
  • Overtime pay
    Benefits:
  • Dental care
  • Paid time off
  • RRSP match
  • Vision care
    Schedule:
  • 8 hour shift
  • Monday to Friday

    Experience:
  • Underwriting: 1 year 1 or 2 Insurance License (preferred)

    • Example 10

    �Times like these call for a Perfect FIT�

    Wynward Insurance Group is a progressive company known for developing innovative insurance products and services for Canadian business and our broker partners from coast to coast.

    Founded in 1920, we are proud to be 100% Canadian owned, conducting business in all 10 provinces and 3 territories. Our Head Office is located in Winnipeg MB, with additional offices in Halifax NS, London ON, and Regina SK.

    Description:

    We are looking for a self-motivated and disciplined insurance professional who is business minded, results driven and customer focused, with the ability to prioritize and consistently meet deadlines.

    Reporting to the Regional Director, the SeniorCommercial Underwriter will be responsible for the day to day activities involved in underwriting property and casualty business.

    This individual will work 100% remotely from their home, which can be located anywhere within the province of British Columbia with a preference towards proximity to larger metropolitan areas.

    Responsibilities:
  • Assess, investigate and refer risks that are not within assigned authority levels.
  • Research and evaluate submissions.
  • Produce, negotiate and underwrite new and renewal business using our philosophies and guidelines.
  • Deliver exceptional service to our brokers while ensuring quality underwriting standards are met.
  • Meet or exceed team targets on new and renewal business, while maintaining profitability.
  • Arrange facultative excess reinsurance when necessary.
  • Order and review risk control inspections and follow up on recommendations.
  • Review and analyze claims for account profitability and make appropriate recommendations for loss prevention.
  • Develop and maintain broker portfolios through regular contact, including broker visits and attendance at industry functions and be proactive in driving success and developing new business opportunities.
  • Maintain a good working knowledge of forms, wordings, and company products.
  • Work closely with Management to develop and maintain positive business relationships and profitability.

    Qualifications:

  • A minimum of 5 years Commercial Property/Casualty underwriting experience.
  • Strong analytical, assessment, decision-making, and organizational skills.
  • Excellent oral and written communication skills.
  • Good sales and negotiation skills, self-motivated, comfortable doing presentations.
  • Good computer and keyboarding skills and familiarity with MS Office software.
  • Completion of or working towards a CIP or FCIP designation.

    Job Types: Full-time, Permanent

    Additional pay:
  • Bonus pay
    Benefits:
  • Company events
  • Company pension
  • Dental care
  • Disability insurance
  • Employee assistance program
  • Extended health care
  • Flexible schedule
  • Life insurance
  • Paid time off
  • Vision care
  • Wellness program
  • Work from home
    Schedule:
  • Monday to 5 years (preferred)

    • What does a Commercial Underwriter do?

    A Commercial Underwriter helps minimize financial risks related to commercial insurance. They don’t sell insurance, they just assess the risks that a client may present. A Commercial Underwriter will thoroughly analyze insurance applications by investigating the client’s financial history and personal information.

    After the investigation, Commercial Underwriters use their own knowledge and underwriting software to determine whether the client is too much of a risk. If they are, they must notify their supervisor, reject the application, and provide alternative options to the client. If the client isn’t too much of a risk, the Commercial Underwriter will decide the appropriate coverage amount and process the client’s insurance application, ensuring all information is correct.

    Commercial Underwriter skills and qualifications

    To do their job successfully, Commercial Underwriters should have strong analytical skills, allowing them to thoroughly and fairly decide whether an applicant is too much of a risk. Additionally, they should have prerequisite skills and qualifications including:

    • Knowledge of common underwriting software, such as Applied Epic or Applied Rater
    • Able to review client’s financial statements and history
    • Strong customer service skills
    • Knowledge of underwriting guidelines
    • Solid decision-making skills
    • Able to multi-task and prioritize tasks
    • Knowledge of insurance regulations
    • Strong math and computer skills

    Commercial Underwriter experience requirements

    There are many entry-level positions available in underwriting, such as a Junior Underwriter or Assistant Underwriter that candidates can start in before moving up to Commercial Underwriter. Candidates with similar work experience, such as Insurance Brokers or Customer Service Representatives, bring good transferable experience to the role. You may also consider hiring candidates with limited work experience and provide on-the-job training.

    Commercial Underwriter education and training requirements

    There are no set education and training requirements for Commercial Underwriter candidates, as your company will have its own insurance policies that candidates need to learn. This means that you may want to hire candidates with a high school diploma or GED and provide on-the-job training. Alternatively, you may require candidates to have a college diploma or bachelor’s degree in a related field, such as finance, risk management, accounting, or insurance. There are also underwriting certification courses in Canada that you can require.

    Commercial Underwriter salary expectations

    According to Indeed Salaries, the average salary for a Commercial Underwriter in Canada is $56,104 per year. This salary varies based on the company, experience, and location.

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    Commercial Underwriter job description FAQs

    What is the work environment of a Commercial Underwriter like?

    Commercial Underwriters typically work in an office Monday to Friday. They may also have to visit commercial properties to assess them in person. Depending on the company, Commercial Underwriters have their own office or may share an office with other Underwriters, Underwriting Assistants, or Customer Service Representatives.

    Who does a Commercial Underwriter work with?

    Commercial Underwriters work for any company that sells insurance, which means they typically work in the finance or insurance industry. They work for companies that sell various types of insurance, such as life or health insurance, but mainly focus on insurance for commercial properties.

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