Specialty Program Group Canada (SPG Canada) is a leading Delegated Underwriting Authority Enterprise focused on providing innovative insurance solutions. They are seeking a Commercial Lines Underwriter to join their Strata Underwriting team, where the successful candidate will build broker relationships and drive growth and profitability through risk analysis and underwriting decisions.
Responsibilities
- Perform risk analysis using internal and external data resources for the purpose of quoting, negotiating, and authorizing the renewal of existing policies and acceptance of new opportunities for risks of a low to moderate complexity, based on guidelines and retention goals of the company
- Handle endorsement requests within delegated authority and independently engage with brokers to clarify intent of requests or seek missing information
- Develop and support professional business partnerships with brokers by providing prompt service, responding to inquiries, acting proactively, taking ownership of issues, and resolving them with a solution-oriented approach
- Communicate underwriting decisions and respond to requests in a prompt and professional manner
- Make underwriting decisions based on imperfect information, where required
- Build and maintain positive working relationships with internal and external parties, including attending industry-related seminars and networking events as necessary
- Negotiate coverage with brokers within delegated authority parameters
- Manage, strengthen, and grow a book of profitable business
- Maintain compliance with established corporate guidelines and delegated authority parameters
- Work independently to meet deadlines while following company guidelines to accomplish goals
- Take ownership of work-related activities and follow through on commitments
- Deal effectively with pressure, maintain a positive outlook, and recover quickly from setbacks
- Prioritize and complete tasks to deliver desired outcomes within allocated time frames
- Take personal responsibility and action toward learning and implementing new ideas, methods, and technologies
- Demonstrate effective communication and interpersonal skills, both written and verbal
- Exhibit good decision-making and analytical skills
- Document assigned files to ensure completeness, compliance, and quality in line with documentation standards, maintaining a paper-free environment by uploading documents to company systems
- Complete loss reports and post-claim underwriting reviews
Skills
- Have 1 – 3 year of commercial P&C underwriting or commercial brokering experience
- Experience with Commercial Property risks (Residential Realty, Strata, Condos, Townhomes, etc.) is considered an asset
- Hold a Chartered Insurance Professional (CIP) designation (or are actively pursuing)
- Hold a broker license, or can qualify to obtain within 90 days
- Proficiency in Microsoft Office
- Familiar with the basic legal structures in Canada
Benefits
- Dental care
- Extended health care
- Paid time-off
- RRSP match
- Vision care
Company Overview
At SPG Canada, we are insurance entrepreneurs united by a bold vision: to aggregate strengths and deliver unmatched value as Canada's largest Delegated Underwriting Authority Enterprise (DUAE). It was founded in 2021, and is headquartered in Vancouver, British Columbia, CAN, with a workforce of 501-1000 employees. Its website is https://spgcanada.ca.