Position at Northbridge Insurance
The Power of Together
Join Northbridge, a growing dynamic company that has a long and rich Canadian history in providing innovative insurance solutions to customers nationwide.
Northbridge Financial Corporation is a leading commercial property and casualty insurance company that’s been helping protect Canadian businesses for more than 90 years. We’re 100% Canadian!
We offer a wide range of creative solutions to our customers through our Northbridge Insurance, TruShield Insurance and Federated Insurance brands where we strive to create a fair and friendly culture, upheld by the foundation of our five corporate values : respect, passion, connectedness, creativity, and excellence.
By continually striving to challenge the status quo, and by focusing on helping the customers we have the privilege of insuring achieve the possibilities of their business, we’ve been able to build our reputation as one of Canada’s largest commercial insurance providers.
To help us continue to build on this success, we’re committed to attracting, developing and retaining the best people.
Be part of a team that’s passionate about making a difference every day, fuelled by our entrepreneurial spirit and where everyone owns a part of our success.
Our company has had an amazing journey so far, and our future is full of new possibilities!
The Executive Underwriter in conjunction with the Director of Underwriting, establishes and maintains the national underwriting framework for all lines of business wordings & product development for the Mid-
market business segment across Northbridge Financial Corporation’s commercial Insurance brands (Northbridge Insurance, Federated and Trushield).
The Executive Underwriter provides governance through review of portfolio level reports & by conducting audits on profit centre files.
He / she will also be expected to provide technical guidance and insight to solve highly complex problems that have portfolio level impact, as well as supporting the underwriting profit centres in the underwriting of complex and unique accounts.
KEY ACCOUNTABILITIES :
Responsible for the successful portfolio management and pricing for liability for the various business segments.
Monitor the long term profitability through an analysis of various business metrics of all lines and classes of business and recommend strategies for profitable growth of the mid-market portfolio.
Monitor trends and developments by identifying areas of concern regarding loss ratios, risk trends, risk appetite or other discrepancies.
Develop & implement tactical responses to adverse loss ratio or risk trends including updating underwriting guidelines or implementing product changes.
Participate with actuarial in establishing portfolio pricing.
Conduct market research & develop business cases for proposed new products or product line changes or enhancements. Support the development of new products or product changes.
Direct the introduction and communication of rating and exposure strategies, coverage and / or product changes in a timely manner.
Collaborate with the Corporate Underwriting Process team to facilitate ease of doing business improvements.Develop & maintain expert knowledge of underwriting systems.
Define the business requirements for development of I.T. systems to support the underwriting function.Work collaboratively to implement processes to facilitate the continuous improvement, both internal / external in ease of doing business.
Understand and apply best business practices towards compliance, internal control and operational risk controls in accordance to national standards and regulatory standards and policies.
Assist in the price monitoring, risk selection and data quality performance reviews.
Participate in profit centre audits (as required) including reporting and follow up of relevant findings.
Maintain an effective technical framework including hazard recognition, authority levels, and bulletins.
Collaborate and support profit centre underwriting teams.
Advise and provide counsel on more complex underwriting exposures beyond profit centre authorities.
Support profit centres in identifying portfolio improvement opportunities and the development of action plans.
Support profit centres in responding to product development needs.
Working closely with the Underwriting Quality Assurance Underwriting Excellence team, as the underwriting technical expert, develop and train underwriters and support staff.
Participate in the training and development of profit centre underwriting and support staff members, and provide technical expertise and advice regarding products, systems and processes.
Counsel underwriters in respect to risk evaluation, rating and the implementation of internal procedures.
Develop and maintain a knowledge and understanding of the insurance marketplace, regulatory and compliance requirements, competitive positioning and company operations and procedures.
Analyze the effect of relevant legislation on policy coverages and draft necessary changes to policy wordings and underwriting guidelines.
Attend industry informational seminars.
Provide input to various underwriting, strategic and other issues as requested including industry committees.
Work collaboratively on special projects, business transformation initiatives and assignments requiring advanced technical skills and knowledge when required.
Other duties and projects as assigned.
SKILL / BEHAVIOUR REQUIREMENTS :
Demonstrated proficiency at managing multiple and changing priorities / projects, and delivering results.
Demonstrated proficiency and resourcefulness in identifying and analyzing relevant data and defining critical issues and alternatives.
Demonstrated commitment to high standards of performance and goals.
Demonstrated verbal and written communication skills.
Demonstrated presentation skills.
Ability to foster and build good working relationships with brokers, customers and business areas inside and outside the work unit.
Able to work with long-term perspective in addressing broker or business area problems / issues.
Ability to influence decisions and gain agreement and / or support on sensitive issues.
Ability to focus on the broker and customer needs, ensuring a high quality of service is provided.
Strong analytical and decision-making skills.
Demonstrated commitment to ongoing professional and technical development.
Post-secondary school education and / or equivalent on the job experience.
Minimum 7-10 years experience in the property and casualty industry underwriting commercial casualty
Broad knowledge and understanding of underwriting discipline and pricing models.
Working knowledge of company underwriting philosophy, policy contracts, rating programs, risk information sources, underwriting / technical manual information, statuary constraints, and computer workflow procedures.
Ability to work within and adapt to PC oriented environments, including familiarity with e-mail and Internet skills. Advanced knowledge of Microsoft Office.
Completion of the CIP / FCIP designation.
Fluently bilingual (English / French) is a definite asset
WORKING CONDITIONS :
Indoors in normal office environment with little exposure to excessive noise, dust, fumes, vibrations, and temperature.
Work from home option available
Frequent computer use at workstation.
Some travel to visit customers, brokers, industry events and attend off-site training workshops (fewer than five days per month, and no more than one or two days at a time).
As well as attend inter-Profit centre audits (fewer than four times per year, and no more than four days at a time).
Customer visits may require suitable clothing for heavy weather and dirty or oily environments.