Product + Underwriting Specialist Jobs in Alberta
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Product + Underwriting Specialist (Auto)
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Product + Underwriting Specialist (Auto)
Top Benefits
About the role
Description
Your Role
The way in which home + auto insurance is distributed, fulfilled, and serviced is changing. More and more people choose to research, buy, and manage their insurance online. This I why we are looking for people like you to build a career with a progressive company that excels in the online space.
Square One was the first online home insurance provider in North America. With our guided online application process, we give our clients the ability to quote, buy, and bind an insurance policy online. We're the only ones in Canada that let clients choose what property they want to insure so they only pay for what they need. We're committed to making it convenient and easy for clients to do business with us. So, it should be no surprise that we're obsessed with delivering the absolute best online and offline experiences to our clients.
As a Product + Underwriting Specialist for Auto, you work directly with the company's leadership team to develop new product offerings and underwriting guidelines and implement regulatory changes. Your efforts contribute to the growth and profitability of the company's auto insurance portfolio. Your success in this role comes from superior analytical, communication and research skills. You use your creativity, inquisitiveness, and resourcefulness to identify opportunities and overcome challenges. You excel with time management, balance detail with priority, handling multiple projects and tasks with ease. This position will work closely with cross-functional teams, including product and underwriting management, marketing, claims, and operations, to ensure that our product offerings are competitive, compliant, and meet customer needs.
One of the things you enjoy most about Square One is the supportive team environment. You know you're never set up for failure; instead, you get all the coaching, mentoring, training, and tools you need for continued success.
Your Responsibilities
By working at Square One, you are directly involved in all product and underwriting initiatives. As such, you have many important responsibilities, including:
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Developing and implementing internal underwriting strategies, product offerings, and responses to regulatory changes or compliance audits.
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Creating and maintaining updated underwriting guides, rules, and resource libraries to ensure team consistency.
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Reviewing and analyzing complex files to provide expert support for our claims and legal teams.
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Interpreting and leveraging data insights to drive informed decision-making and strategic prioritization.
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Conducting in-depth research on emerging markets, innovative products, and evolving risk landscapes.
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Evaluating and approving complex underwriting files and high-level decisions as appropriate.
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Building and executing remediation plans for system errors while managing documentation for regulatory reporting.
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Monitoring market trends, industry shifts, and regulatory announcements to keep us ahead of the curve.
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Tracking and reporting on product performance to ensure long-term growth and stability.
Your Qualifications
As a member of the Square One team, you have a desire to contribute to the overall success of the company. You do this by becoming an expert at what you do, directing your own work, and working with a team that has a broader purpose than just making profit. You and those who you work with would describe you as someone who:
- Has excellent knowledge and understanding of auto insurance underwriting principles.
- Possesses high-quality organizational, analytical, research and communication skills.
- Possesses an exceptional ability to conduct secondary research online.
- Is skilled at managing and prioritizing multiple tasks.
- Uses creativity and resourcefulness to identify opportunities and overcome challenges.
- Has a natural curiosity and enjoys learning.
- Is customer-focused and understands the importance of customer experience.
- Has a good understanding of insurance profitability and performance metrics.
- Provides and receives constructive feedback.
Your Experience + Education
Your experience and education helps ensure your success at Square One. For this role, you must have:
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A degree or diploma in business, commerce, economics, or marketing.
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A minimum of 3 years of continuous personal lines automobile insurance underwriting experience in Ontario, or Alberta, with preference for Alberta.
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A high level of proficiency with Microsoft Office applications, with the ability to learn new technologies.
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Working knowledge of the insurance legislation and regulatory framework in the province of your experience.
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Experience working on projects with project management principles.
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Experience in developing supplementary resources or training materials.
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Strong knowledge of conducting secondary research using online tools.
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A CAIB, CIP, or FCIP designation is preferred.
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Fluency in English; French is a desirable asset.
Compensation + Benefits
Square One offers a highly competitive package reflected in its comprehensive
compensation and benefits plan. This includes:
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An annual salary ranging from $61,000 to $80,000
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3 weeks of vacation to start, and an additional week after only 3 years.
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Flexible medical, dental, vision, and extended health care spending account.
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Long-term disability coverage.
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Fully paid Internal and external training.
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A company profit-share program.
About Square One Insurance Services
Square One Insurance Services is a Canadian-owned and operated insurance agency (or brokerage) that serves British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec.
Square One is authorized to issue, bill, and service policies on behalf of its underwriters, including The Mutual Fire Insurance Company of British Columbia. For car insurance, we represent Zurich Insurance Company Ltd. Continue reading to learn more about Square One.
Square One Insurance Services is an innovative insurance agency that is revolutionizing the way people think about insurance. With a focus on treating people the right way, taking ownership and solving problems, and being creative and taking calculated risks, Square One stands out from other companies in the industry.
At Square One, they understand that a company is nothing without its team, which is why they have assembled a group of experienced professionals who have worked in the insurance industry for years. They believe in the power of strong partnerships, and Square One has long-term relationships with its underwriting and claims suppliers.
Square One offers exciting career opportunities for individuals looking to work in the insurance industry. If you are seeking a tight-knit team where your expertise is respected and valued, Square One could be the perfect fit for you.
Founded in 2011 by a team of industry veterans, Square One recognized the need for a new approach to home insurance. They developed a modern and streamlined home insurance system, eliminating unnecessary complexities and allowing customers to personalize their policies easily. By selling and servicing policies online and over the phone from their head office in Vancouver, Square One keeps costs low, passing on the savings to their customers.
Square One is committed to providing exceptional service to their clients. Sales and service support are provided from their Vancouver office, and local claims adjusters and vendors are utilized to ensure prompt and efficient service. With a focus on transparency and customer satisfaction. Square One is the home insurance provider that truly puts the needs of the consumer first.
Why work for Square One?
Probably the shortest and simplest answer for why you should work at Square One is that you want to be part of a tight-knit team where each person's expertise is respected and valued. You're done working at places that tell you what to do, how to do it, and that don't compensate you fairly. To learn more about why you should work for Square One, visit: www.squareone.ca/careers
Accessibility
Square One welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process. Learn more about our commitment to accessibility: https://www.squareone.ca/accessibility
How to Apply
Please prepare your updated résumé clearly stating how you meet the qualifications. Click the button below to start your application. You have our commitment that we will respond to all applicants and inquiries.
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About Square One Insurance Services Inc.
Square One opened on January 5, 2011. It was started by a team of experienced professionals who, after years of working in the insurance industry, recognized that traditional home insurance wasn’t meeting the needs of most consumers.
Most industries — from electronics, telecommunications, to banking — have evolved in the last 20 years. The insurance industry, on the other hand, hasn’t changed since the 1970s. Without the burden of antiquated processes and systems, Square One eliminated all unnecessary complexities built into traditional policies. We’ve made it both convenient and easy for people to personalize their policies, keeping our prices low in the process.
Since launching, Square One has grown and grown — people love the concept of simple, customizable, online home insurance. After expanding our home insurance service to Quebec in 2021, we wanted to bring the same successful approach to car insurance (having often heard from customers that they wished we did). In 2023, we began offering online car insurance in Ontario. And in 2024, we plan to expand our car insurance offering into Alberta and Quebec.