Underwriting Specialist
Toronto, Ontario, Canada
3d ago

Job Summary

T o analyze and underwrite new and renewal business, under limited direction, utilizing The Zurich Way of Underwriting Framework within delegated authority levels on highly complex assignments ensuring a high-level service to customers.

Client Externally Focused - The job's core deliverables rely on delivering service to external clients and / or customers.

Typically involves building relationships and promoting the company.

Job Qualifications

Basic Qualifications :

  • High School Diploma or Equivalent and 8 or more years of experience in the Underwriting or Market Facing area.
  • Knowledge of Microsoft Office
  • Experience working on time restraints for quotes on new and renewal business
  • Experience working in a team environment
  • Preferred Qualifications :

  • Bachelor's Degree
  • Strong verbal and written communication skills
  • Microsoft Office experience
  • Strong underwriting background in large complex fleets, garage automobile coverage, contingent lessors' coverage, and non-owned automobile.
  • Some multi-line underwriting experience also in commercial general liability and motor truck cargo.
  • Experience with accounts involving actuarial reviews.
  • Experience with international accounts.
  • Job Accountabilities

    Key Accountabilities :

  • 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 meeting 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
  • Business Travel, as required
  • Extended Hours during Peak Periods, as required
  • Maintain a Valid Driver's License, as required
  • Regular Predictable Attendance
  • Visibility in the Office, as required
  • Additional Job Functions :

  • Monitor and review work undertaken across a number of small to medium scale projects or a large complex project in order to ensure appropriate use of resources and adherence to schedules.
  • Provide advisory services to colleagues on a daily basis, measuring exposure and analyzing risk in order to provide appropriate coverage that meets the organization's risk and compliance processes.
  • Research primary data sources, select relevant information, analyze key themes and trends and make recommendations to support operational decision-making such as which coverage to provide.
  • Research best practice and provide consultancy to support senior management in developing and improving processes and systems relevant to underwriting.
  • Assess complex customer cases, evaluate their unique needs and apply technical techniques and know-how to recommend a solution.
  • Build relationships with customers by handling a range of queries and provide advice with the development of an account to create additional value for the organization and customers.
  • Apply rating tools and methodologies to own work area to deliver to customers and offer suggestions for improvements.
  • A dditional Information

    Imagine working for a company that truly cares about their employees, customers, stakeholders, and communities they serve.

    Imagine working for a values-driven organization that has the ambition and desire to be the best global insurance provider in the world.

    Zurich is that place where 55,000 employees across approximately 200 countries and territories are all focused on helping people and helping companies protect what is truly most important to them.

    We are a values-driven organization that takes pride in the work that we do every day and we have the ambition to be the best global insurer in the world.

    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.

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