Analyst, Product & Underwriting
LOVE WHAT YOU DO
Work is a big part of our lives, so it makes sense to choose a company that offers truly rewarding work. At Economical Insurance®, your contributions, creativity, and energy won’t go to waste.
Our passionate culture and pioneering mentality infuse everything we do, which is why our one-million-plus policyholders know we’ll protect their homes, businesses, farms, cars, and pets like they’re our own.
We’re not afraid to see how far we can push the envelope to make insurance better. Our family of companies includes Sonnet, the only Canadian home and auto insurer offering a fully online buying experience, and Petline, the largest Canadian pet insurance company.
We’re also preparing to become a publicly traded company, a once-in-a-lifetime career opportunity for everyone who joins our team.
If you’re looking for a company that takes care of its people and its customers and has a track record of doing big things, get ready to love it here.
We are looking for an Analyst to join our Product and Underwriting team. The successful candidate will report to the Manager, Product & Underwriting and will support all phases of new and existing product research, design and implementation.
What can you expect in this role?
Support the Senior Analyst(s), Product & Underwriting with filings;
Maintain systems' rate file and Product manuals. Ensure changes are implemented correctly and in a timely manner;
Conduct demographic and other consumer research to understand the needs of consumers for product development initiatives at the direction of the Manager
Perform complex analyses using MS Excel, MS Access, Cognos, Pentaho, and Third-Party Software
Develop and maintain competitor databases for product features and underwriting criteria analyses
Assist in the development and maintenance of forms and policy wordings for associated products
Assist in monitoring the performance of the portfolio against the operational plan and reporting findings to the Manager
Complete reviews of competitive positioning on rates, rules, products and coverages
Support and direct the Product and Underwriting Initiatives :
Research, analyze, and present findings / recommendations at the sub-committee level
Prepare Stakeholder Communications.
Review regulatory reforms and provide direction to the sub-committee, branches and management
Provide subject matter expertise to TS projects on business and underwriting related subjects
Provide technical and business expertise to operations teams on complex underwriting and product specific issues
Review defects and enhancements in accordance with build requirements and facilitate system fixes
Seminar attendance at the Leader’s request.
What do you bring to the role?
You are brilliant at negotiating, consulting and juggling multiple projects
You always maintain composure and you are always courteous
You are a stellar communicator, verbally and written, with an exceptional ability to manage stakeholder needs effectively
Your ability to stay organized while under pressure is exceptional
University Degree or College Diploma
3 years of Insurance Industry Experience
3 years of underwriting decision-making experience
Actively pursuing or completed CIP / FCIP or CRM designations
Must possess strong knowledge of Microsoft applications (Excel, Access, etc.)
Must possess strong working knowledge of Guidewire Policy Centre build requirements to support auto and property products
We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.
Go ahead and expect a lot you deserve it.
We offer :
Competitive salaries, with potential for an annual raise and bonus
Pension and savings programs, with company-matched RRSP contributions
Generous time away, including vacation and personal needs days
Paid volunteer days and company matching on charitable donations
Educational resources, tuition assistance, and paid time off to study for exams
Two annual wellness campaigns participants earn up to $300 each year to spend on almost anything supporting health and work-life balance (think things like spa days, daycare, pet grooming)
An unlimited employee referral bonus program
Flexible work schedule
Discounts on products and services