Job Description
Senior Facultative UnderwriterWe care for humankind – and that starts with our peopleOur greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success.Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career with us is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.OverviewDo you enjoy building relationships and working collaboratively in a team environment? As someone with excellent communication, technical and organizational skills, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.We’re looking for our next Senior Underwriter. Could It Be You?Under the direction of the AVP of Munich Re Canada Facultative, the Senior Underwriter is responsible for the marketing and underwriting of complex property insurance, with an emphasis on construction, operational power, energy & mining. This role is based out of our Toronto office. Need more details? Keep reading…Independently underwrite and price moderate to highly complex business in accordance with corporate, divisional and department guidelines and philosophy.Underwrite new and renewal business, including all tasks associated with risk and coverage analysis and pricing, and provide recommendations for proposed terms within delegated underwriting authority. Review primary policy, contract and endorsement wording and ensure accuracy and conformance with guidelinesDemonstrate and maintain enhanced technical product and underwriting expertise.Refer all business outside of delegated underwriting authority to appropriate referral underwriter.Develop and maintain strong market presence by developing client strategiesProvide responsive service on all client requests.Monitor profitability of assigned clients/accounts, developing strategies or action plans to propose corrective actions as needed.Lead departmental projects related to the development and implementation of underwriting strategy.Promote the Group’s capabilities and competencies externallyDemonstrated proven negotiation skills and the ability to influence internal stakeholdersDemonstrate proficiency in the use of pricing models, tools and other risk evaluation modelsParticipate in peer reviews of team members’ accountsSo are YOU our next Senior Underwriter? You are if…First and foremost, you demonstrate a natural desire to provide exceptional client service through your energy, enthusiasm, and initiative. In addition, we are looking for the following qualifications: Post-secondary education with a focus on business. CIP/FCIP/CRM designation or progression towards would be an asset. 5 to 7 years of experience underwriting property insurance preferably including construction, operational power, energy & mining. Solid grasp of commercial insurance products combined with good knowledge of the insurance industry.Ability to build strong relationships with both clients and colleagues.High degree of drive, self-motivation, continuing development and proven ability to work independently. Strong analytical, negotiating and investigative competencies. Excellent written and oral communication skills.French language proficiency would be an asset.Strong collaboration and team building skills. High degree of flexibility and adaptability to changing environment and situations. Strong computer ability, specifically with MS Office Products .Ability and willingness to travel. In addition to an exciting job opportunity, we offer the following…You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners. A comprehensive total rewards financial program which includes extensive flexible benefits and pension. A hybrid work environment in an inspiring physical workplace setting.Educational Assistance Programs that continue to recognize your on-going success.Click on the link to apply…Munich Re is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.