Underwriter, Commercial - Federated Agencies
Top Benefits
About the role
Company: Federated
Department: Underwriting
Employment Type: Regular Full-Time
Work Model: Hybrid
Language: English is required, French is an asset.
The Opportunity We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities.
As the Underwriter you will be responsible for underwriting risks for member organizations and other strategic clients. You will assess associated risks, review coverage, determine premiums and ensure policies are rated in alignment with risk selection guidelines and standards. You will exercise sound judgement, provide recommendations for underwriting solutions, and respond to questions on policy interpretation, risk selection, rating, and exceptions.
How You Will Create Impact
- Conducting analysis to determine risk on new business, renewals and endorsements and referring applications that exceed authority to the appropriate level.
- Preparing quotes, negotiating coverage or rates, and presenting creative solutions within established customer service standards.
- Reviewing risk engineering reports and monitoring for completion.
- Maintaining mutually beneficial relationships with distribution partners and providing guidance to the team regarding underwriting authority.
- Supporting continuous improvement and product development by providing constructive feedback and insights on product offerings, tools, and resources.
How You Will Succeed
- You influence change and are committed to continuous improvement, in order to exceed client expectations.
- You leverage critical thinking skills to identify problems and proactively propose solutions.
- Your strong communication skills allow you to clearly convey messages.
- You’re an effective team player who shares knowledge to support your peers.
To Join Our Team
- You have three years of insurance experience in commercial underwriting or a related field.
- You have a high school diploma.
- You have strong knowledge of underwriting practices and procedures.
- You have expertise analyzing risk information and working knowledge of insurance products.
- Having the Chartered Insurance Professional (CIP) or Canadian Risk Management (CRM) designation(s) is an asset.
What You Need To Know
- This role involves direct contact with clients and/or service providers in their environment.
- Extended work hours, including weekends, may be required during peak periods.
What's in it for you?
- Training and development opportunities to grow your career.
- Flexible work options and paid time off to support your personal and family needs.
- A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
- Paid volunteer days to give back to your community.
- In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.
About Co-operators
As a leading Canadian financial services co-operative, Co-operators offers multi-line insurance and wealth products, services, and advice to build financial strength and security. With over $56 billion in assets under management, we provide financial solutions and security through property and casualty (P&C) insurance, life insurance, wealth management, institutional asset management and brokerage operations. We are governed by member organizations, including co-operative organizations, credit union centrals and representative farm organizations.
We are rooted in the idea that together, we are stronger, safer, and more resilient. Our vision to be a catalyst for a sustainable society is reflected in everything we do, including our community investment programs, strategic partnerships, and active volunteerism. We champion and fund the development of community-oriented co-operatives and social enterprises, invest for positive impact, and work hard to contribute to communities across Canada by supporting financial literacy, mental health, flood safety, and sustainability initiatives and programming.
With over 600 locations across the country, over 6,000 employees and a dedicated financial advisor network of over 2,500 licensed insurance representatives, we remain true to our roots: putting the needs of our clients and our communities first.
Our response to COVID-19 As an essential service, we took immediate steps to ensure the health and safety of our people, clients, and communities. We’re following the direction of Health Canada as we roll out a phased return to corporate and local offices across the country. If you have applied for a posted role, a recruiter will be in touch with an update. Currently, all interviews are being conducted remotely.
Underwriter, Commercial - Federated Agencies
Top Benefits
About the role
Company: Federated
Department: Underwriting
Employment Type: Regular Full-Time
Work Model: Hybrid
Language: English is required, French is an asset.
The Opportunity We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities.
As the Underwriter you will be responsible for underwriting risks for member organizations and other strategic clients. You will assess associated risks, review coverage, determine premiums and ensure policies are rated in alignment with risk selection guidelines and standards. You will exercise sound judgement, provide recommendations for underwriting solutions, and respond to questions on policy interpretation, risk selection, rating, and exceptions.
How You Will Create Impact
- Conducting analysis to determine risk on new business, renewals and endorsements and referring applications that exceed authority to the appropriate level.
- Preparing quotes, negotiating coverage or rates, and presenting creative solutions within established customer service standards.
- Reviewing risk engineering reports and monitoring for completion.
- Maintaining mutually beneficial relationships with distribution partners and providing guidance to the team regarding underwriting authority.
- Supporting continuous improvement and product development by providing constructive feedback and insights on product offerings, tools, and resources.
How You Will Succeed
- You influence change and are committed to continuous improvement, in order to exceed client expectations.
- You leverage critical thinking skills to identify problems and proactively propose solutions.
- Your strong communication skills allow you to clearly convey messages.
- You’re an effective team player who shares knowledge to support your peers.
To Join Our Team
- You have three years of insurance experience in commercial underwriting or a related field.
- You have a high school diploma.
- You have strong knowledge of underwriting practices and procedures.
- You have expertise analyzing risk information and working knowledge of insurance products.
- Having the Chartered Insurance Professional (CIP) or Canadian Risk Management (CRM) designation(s) is an asset.
What You Need To Know
- This role involves direct contact with clients and/or service providers in their environment.
- Extended work hours, including weekends, may be required during peak periods.
What's in it for you?
- Training and development opportunities to grow your career.
- Flexible work options and paid time off to support your personal and family needs.
- A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
- Paid volunteer days to give back to your community.
- In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.
About Co-operators
As a leading Canadian financial services co-operative, Co-operators offers multi-line insurance and wealth products, services, and advice to build financial strength and security. With over $56 billion in assets under management, we provide financial solutions and security through property and casualty (P&C) insurance, life insurance, wealth management, institutional asset management and brokerage operations. We are governed by member organizations, including co-operative organizations, credit union centrals and representative farm organizations.
We are rooted in the idea that together, we are stronger, safer, and more resilient. Our vision to be a catalyst for a sustainable society is reflected in everything we do, including our community investment programs, strategic partnerships, and active volunteerism. We champion and fund the development of community-oriented co-operatives and social enterprises, invest for positive impact, and work hard to contribute to communities across Canada by supporting financial literacy, mental health, flood safety, and sustainability initiatives and programming.
With over 600 locations across the country, over 6,000 employees and a dedicated financial advisor network of over 2,500 licensed insurance representatives, we remain true to our roots: putting the needs of our clients and our communities first.
Our response to COVID-19 As an essential service, we took immediate steps to ensure the health and safety of our people, clients, and communities. We’re following the direction of Health Canada as we roll out a phased return to corporate and local offices across the country. If you have applied for a posted role, a recruiter will be in touch with an update. Currently, all interviews are being conducted remotely.