Senior Underwriter, Financial Lines
Job details
The Opportunity We are seeking a Senior Professional Lines Underwriter who is driven, results-oriented, and a team player to join our dynamic company. This is a great opportunity to work alongside industry experts, develop client relationships, and grow a career and a book of business to support our ambitious goals. Responsibilities
- Underwrite new and renewal professional lines business for company partners based on underwriting authority and contract guidelines and produce business in assigned territories
- Aptitude for E&O, D&O and Cyber; some background in media and medical product an asset
- Maintain the long-term profitability of a significant portfolio of accounts; the ability to successfully negotiate terms, conditions and pricing to achieve new business, renewal and profitability targets
- Underwrite multi-line accounts for multiple classes of business
- Understand and leverage the breadth of products and markets at Burns & Wilcox
- Develop and submit underwriting referrals, where required, to company brokerage facilities and Burns & Wilcox management
- Develop and maintain a professional relationship with brokers and/or clients to enhance understanding of the target market and to contribute to quality service, problem solving, and risk selection
- Support in the development of new professional liability products by leveraging strong market and product knowledge
- Develop and execute marketing plan to drive new business, including in-person visits, telemarketing and distribution of marketing materials
- Monitor key metrics, such as, new business hit ratio, renewal retention ratio, premium growth, and loss ratio, formulating corrective action where necessary
- Mentor and train junior underwriters, as needed
- Enter computer data of quotations, binders and related support documents
- Other tasks as assigned
- Bachelor’s degree preferred or equivalent combination of education and experience
- 5 years or more of stand-alone professional and multi-line Underwriting experience
- Professional Liability Underwriting experience
- Provincial License or eligibility for obtaining, CIP, FCIP or comparable designations an asset
- Demonstrated proficiency in sales and marketing
- Proven organization skills and ability with a strong attention to detail
- Strong broker relationships
- Compensation Package
- Competitive base compensation & highly lucrative sales incentive bonus plan
- Health benefits
- Employer matched RRSP
- Employer paid continuing education courses, designations and licensing
- Many opportunities for career advancement
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