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Underwriting Program Jobs in Toronto, ON (NOW HIRING)

HUB

Underwriting Assistant

Markham, ON · On-site

CA$45K - CA$53K/yr

Support underwriters with new business submissions, renewals, endorsements, and policy changes for the National Dealership Program. * Review submissions for completeness, obtain outstanding ...

FCT

Director, National Underwriting

Oakville, ON · On-site

This includes monitoring fraud trends, developing underwriting protocols and training programs, supporting investigations of suspected fraudulent activity, and acting as a key advisor on complex ...

People Corporation

Underwriting Analyst

Toronto, ON

CA$65K - CA$80K/yr

We are seeking an Underwriting Analyst to join our team in Toronto, Winnipeg, or Burnaby. The ... Mental Health programs and support for you and your family * Competitive compensation At People ...

Munich Re

Analyst, Underwriting

Toronto, ON · On-site

Educational Assistance Programs that continue to recognize your on-going success. Click on the link to apply... Munich Re Canada is committed to providing a work environment that is inclusive and ...

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Underwriting Program information

What is an underwriting program?

An underwriting program is a structured process used by financial institutions, insurance companies, or lenders to evaluate the risk and eligibility of applicants for loans, insurance policies, or other financial products. The program sets the guidelines and criteria for assessing factors such as creditworthiness, health, or property value before approving or denying an application. By standardizing this evaluation, underwriting programs help organizations make informed decisions, minimize risk, and ensure compliance with regulations.

What are the key skills and qualifications needed to thrive in an underwriting program, and why are they important?

To excel in an Underwriting Program, strong analytical skills, attention to detail, and a relevant degree in finance, business, or a related field are essential. Familiarity with underwriting software, risk assessment tools, and industry certifications such as CPCU or AU are typically required. Effective communication, critical thinking, and decision-making skills help underwriters collaborate with stakeholders and evaluate complex information. These abilities ensure accurate risk evaluation, regulatory compliance, and profitable decision-making for financial institutions.

What are some common challenges faced by professionals working in an underwriting program, and how can they be addressed?

Professionals in underwriting programs often encounter challenges such as balancing risk assessment with business growth goals, managing tight deadlines, and adapting to evolving regulatory requirements. Staying updated with industry guidelines, leveraging advanced data analytics tools, and cultivating strong communication skills are essential strategies for overcoming these hurdles. Additionally, collaborating closely with sales, legal, and claims teams helps underwriters make well-informed decisions and maintain consistency across the organization.

What is the difference between Underwriting Program vs Underwriter?

AspectUnderwriting ProgramUnderwriter
CredentialsTypically requires insurance or finance certifications, such as CPCU or FCASSame certifications often required, with additional experience in risk assessment
Work EnvironmentFocuses on developing, managing, and implementing underwriting policies and programsPerforms risk evaluation, decision-making, and approval of individual insurance applications
Employer & Industry UsageCommonly employed by insurance companies, brokers, and underwriting firmsFound within insurance companies, underwriting agencies, and brokers

In summary, an Underwriting Program focuses on creating and managing underwriting strategies and policies, while an Underwriter evaluates individual risks and approves insurance applications. Both roles require similar credentials and work within the insurance industry, but their responsibilities differ in scope and focus.

Underwriting Program jobs near you

Underwriting Assistant

Revau Advanced Underwriting, Inc.

Toronto, ON • Hybrid

Full-time

Retirement

Posted 16 days ago

Job description


Summary


REVAU is experiencing strong organic growth, reaffirming our commitment to revolutionizing the commercial insurance industry. We believe there is a more efficient way to access commercial insurance by eliminating inefficiencies, valuing expertise, and enabling brokers to grow their portfolios.


If you would like to actively contribute to transforming the commercial insurance sector within a fast-growing company, we are looking for a motivated and detail-oriented person to join our team as an Underwriting Assistant. This role focuses on providing administrative and operational support to underwriters.


In this position, you will report to the Team Lead - Operations Support, and you will develop a solid foundation in underwriting practices while contributing to the team's efficiency.

Key Responsibilities

  • Prepare standard insurance documents using templates and underwriters' guidelines
  • Enter and update data in Guidewire or other systems
  • Organize and maintain digital underwriting files
  • Respond to routine broker requests and escalate more complex cases
  • Help gather underwriting information for submissions
  • Support compliance efforts by ensuring documentation accuracy

Profile

  • Minimum 1 year of experience in the insurance industry
  • Basic to intermediate skills in Microsoft Word, Excel, and Outlook
  • Strong attention to detail and excellent organizational skills
  • Ability to manage multiple requests and prioritize effectively
  • Adaptability and proactivity
  • Ability to work independently and take responsibility

Benefits

  • Offices available depending on your location, Toronto or Vancouver
  • Hybrid remote work for work-life balance
  • Group insurance, wellness account, employee and family assistance program, and telemedicine
  • Access to a retirement savings plan with employer contributions
  • 7 personal days
  • Birthday leave
  • Bonus program
  • Wellness program
  • Training reimbursement program


This posting is for an existing vacancy. The final offer will reflect the successful candidate's relevant experience, skills, qualifications, and the scope of the role.

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