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Underwriting Program Jobs in Toronto, ON (NOW HIRING)

... programs and contracts or as a wholesaler * Collaborate with colleagues on current and future opportunities * Understand all wordings/products and underwriting guidelines * Understand all contracts ...

... programs and contracts or as a wholesaler * Collaborate with colleagues on current and future opportunities * Understand all wordings/products and underwriting guidelines * Understand all contracts ...

Chief Underwriter

Oakville, ON · On-site

CA$100K - CA$120K/yr

We are dedicated to innovation, excellence, and delivering unparalleled underwriting services ... programs: Liability, Property, Builders Risk, Equipment floater to compliment our surety offerings.

Profit-sharing program * 100% employer-paid professional development and training opportunities Ready to Join Us? If you're looking for an opportunity to leverage your underwriting expertise ...

... Profit-sharing program 100% employer-paid professional development and training opportunities Ready to Join Us? If you're looking for an opportunity to leverage your underwriting expertise ...

Showing results 21-40

Underwriting Program information

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.

Is underwriting a good career to get into?

Underwriting is a stable career that involves evaluating risks for insurance companies, requiring analytical skills and attention to detail. It often offers opportunities for advancement, professional certifications, and a predictable work environment, making it a viable option for those interested in finance and risk assessment.

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.

Can I become an underwriting program with no experience?

Underwriting programs typically require some knowledge of insurance principles and analytical skills, but many entry-level positions are open to candidates without prior experience. Relevant education, such as a degree in finance or business, and familiarity with underwriting software can improve chances of entry. On-the-job training is common for new hires in underwriting roles.

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.

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.

Underwriting Specialist, Eastern Region

Zurich Insurance Group

Toronto, ON

CA$110K - CA$130K/yr

Full-time

Re-posted 23 days ago


Job description

The Opportunity

Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.  
If you have experience in commercial Casualty Underwriting and are looking for a new challenge, we would love to hear from you.

 Zurich Canadian Holdings Limited located at 100 King Street West, Suite 5500, Toronto, ON, M5X 1C9 has a permanent role for an Underwriting Specialist in our Eastern Region.


Zurich Canada is currently looking for an Underwriting Specialist to work within the Quebec Region Casualty team in Montreal at 1800 McGill College Avenue, Suite 1100, Montreal, QC, H3A 3J6. The role of the Underwriting Specialist is to generate a pipeline of new business opportunities whilst managing a renewal portfolio of upper mid-market, large and multinational clients with revenues over $300M.


This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters.  


Zurich Canada uses artificial intelligence-enabled tools to support certain aspects of the recruitment process, including the initial review and screening of applications. Artificial intelligence is not the sole basis for candidate shortlisting or selection. All hiring decisions are reviewed and made by qualified hiring professionals.


Zurich follows a hybrid work model requiring three days per week of in-person presence, which may include time in the office or market-facing engagements

What you will do:

Proactively seek renewal and new account opportunities.
Complete detailed opportunity assessment with key distributors to identify growth opportunities.
Qualify accounts to meet with the organization's appetite, balanced with sound business opportunity.
Make agent/broker/customer and on-sight calls with a planned and well-prepared purpose.
Negotiate Terms & Conditions and close deals.
Cross-Sell other lines of business to increase product density with the account.
Participate in Sales Team meetings as related to assigned brokers and / or territory.
Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to effective date.
Update required systems with details of broker / client visits and account status within specified time frame.
Serve as key contact for assigned target accounts.
Develop strong broker and client networks as related to industries underwritten by Business Unit.
Calculate Target Price accurately by utilizing underwriting tools appropriately.
Measure exposure/analyze risk.
Initiate product development idea.
Assist in training and developing staff.
Provide expertise on coverage issues with claims programs and guidelines.
Contribute to development of u/w manuals, programs and guidelines.
Approve/place facultative purchases
Develop and lead marketing presentations to new and current agents/brokers
Promote the organization's products and services in order to increase penetration within agency plant
Ensure the successful completion of projects by maintaining continuing dialogue with business unit sponsors during implementation of major projects
Diagnose and develop recommendations to solve unique business unit and customer problems
Lead complex technical or long-term (over 6 months) business projects to implement new or changed systems, programs or products
Investigate, recommend and implement leading edge technical solutions when they meet customer needs
Bilingual in French/English is a must

What you bring to the table:

Required:


Bachelor Degree and 5 or more years of experience in the Commercial Underwriting or Market Facing area.

OR

High School Diploma or Equivalent and 10 or more years of experience in the Commercial Claims or Commercial Underwriting Support area

AND

Knowledge of Microsoft Office
Experience working on time restraints for quotes on new and renewal business
Experience working in a team environment
French proficiency is a mandatory requirement for this role, English proficiency is an asset.

 
Preferred:

 
   5+ years in Liability Underwriting (Multinational Clients)
   Bachelors Degree
   Post-Secondary Education in Risk Management or Insurance
   Previous Legal knowledge or experience
   Strong verbal and written communication skills
   Microsoft Office experience

At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The salary range for this position is $110,000 to $130,000. This range reflects the expected pay for the role across Canada and may vary depending on factors like office location, specific responsibilities, and individual qualifications. As required by local law, Zurich provides in good faith a reasonable compensation range, but starting salaries may exceed this range based on a candidate's skills and experience.

Fluency in both spoken and written English is required to facilitate communication with internal and external stakeholders outside Quebec. 
 

Our Culture

   At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DIEB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome. 
We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.  
We care about our employees' well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package. 
We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that. 
We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Zurich employees receive four personal days per year to be used at their discretion.  
We are committed to continuous improvement, and offer access to a comprehensive range of training and development opportunities.  
We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources. 
We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto's Top Employers and to have received Insurance Business Canada's 5-Star Diversity, Equity and Inclusion Award.    
Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.

About Us

Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 650 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals' first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at www.zurichcanada.com. 

Contact Info:

Telephone: 1 (800) 268-9168
Email: Taraj.remedios@zurich.com

A future with Zurich

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 148 years of experience managing risk and supporting resilience. We are a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. Today, we serve more than 25 industries, from agriculture to technology and insure 90% of the Fortune 500. Our growth strategy is not limited to our business. As an employer, Zurich strives to provide ongoing career development opportunities and foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our people, our customers and the communities we serve.

As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers' expectations. Zurich is committed to providing a diverse, inclusive and barrier-free environment resulting in an accessible organization for employees, customers, and other parties who interact with, or on behalf of, Zurich. We strive to achieve a workplace free of discrimination of all forms, including discrimination on the basis of physical or mental disability, or medical condition. If you are interested in a job opportunity, please advise if you require an accommodation, so we can work with you to provide a more accessible process. 

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich Canadian Holdings Limited. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.

Only applicable for Canada: For Zurich Canada's commitment to diversity and accessibility please click here. If you would prefer to not receive future electronic messages from Zurich Insurance Company Ltd's recruitment management system, please email your request to have your job profile deleted from the system by clicking here. Zurich Insurance Company Ltd 100 King St., W., Suite 5500, Toronto, ON, M5X 1C9. www.zurichcanada.com