Job Description
Title: Technical Specialist, Commercial InsuranceEmployment Status: Full-Time, PermanentLocation: Vaughan Office - 7501 Keele Street, Suite 400, Vaughan ON, L4K 1Y2 The CompanyEstablished in 1966, Masters Insurance is one of Ontario’s largest, independently owned brokerages that specializes in insurance and bonding solutions for the construction and development industries. As a rapidly growing company with an enduring passion for supporting our businesses, and our communities, we also offer personal and commercial insurance, group benefits and financial planning services.Position SummaryThis position involves working as a Technical Specialist for the Commercial Insurance team. This person will be responsible for overseeing and managing all aspects of insurance contracts related to construction projects. They are responsible for ensuring that construction projects are adequately covered by insurance policies, negotiating insurance contracts, reviewing policy terms and conditions, revising wording, and providing guidance and consultation to project teams on insurance-related matters. BenefitsCompetitive compensation packageGenerous health and dental benefits program, including Healthcare Spending AccountRobust Group Retirement Savings program with company matchingReimbursements of license fees and professional membership duesFull support of continuing education and growth opportunities, including career mentorship with senior managementHybrid work scheduleEpic year-round employee events!Wellness programs, including a special initiative for new momsOpportunities to give back to our communities through philanthropic programsMembership to an exclusive employee discount programDiscounts to gym membership and select local retailersKey AccountabilitiesUnderstand our clients and their operations to guarantee comprehensive coverage that aligns with clients' specific needs and provide adequate coverage and project requirementsAbility to review construction contracts and insurance wordingsReview, negotiate, and finalize insurance contracts, including Construction, Builders Risk, High and Low Rise, General Liability, Property Liability, Cyber, Professional Liability, D&O, Crime, Pollution, and other relevant policies including contract language reviewCraft tailored wordings for contracts, ensuring seamless integration into clients' insurance programsProvide risk management consultation, including analyzing insurance policy exclusions and limitations to identify potential gaps in coverage and propose solutions to mitigate risksProvide invaluable consultation and support to internal staff and clients regarding contractual insurance needs across diverse contractsCandidate QualificationsRIBO License is required; Professional certifications such as CRM, CIP and/or CAIB preferredProven experience in insurance contract management, preferably in the construction industryStrong understanding of construction insurance policies, coverage types, and risk management principlesExceptional technical insurance knowledge, including a wide range of all general insurance lines and project placements Excellent negotiation skills and ability to review and interpret complex insurance contracts and policy documentsProficiency in risk assessment, claims management, and compliance with insurance regulations and industry standardsExceptional communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholdersDetail-oriented with strong analytical and problem-solving abilitiesAbility to work independently, prioritize tasks, and meet deadlines in a fast-paced environmentProficiency in relevant software applications, including MS Office suite and insurance management systemsProfessional certifications such as CRM or CIP preferredMinimum of 7-10 years of experience in commercial insurance brokerage or related field, with at least 3-5 years in a senior or specialized roleMasters Insurance Limited is an equal opportunity employer committed to an inclusive workplace. We will accommodate the needs of applicants in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act throughout all stages of the recruitment and selection process. If you require accommodation, please contact us at (416) 637-5699 or email us at cclare@mastersinsurance.com.