About Us
Able Insurance is a fast-growing full-service insurance brokerage. Our company’s strength is derived from the diversity and vast array of experience brought amongst our employees and brokers. Providing our clients with valued service and products starts with having a passionate and collaborative group at the core of our business.
Position Description:
This position is responsible for supporting the underwriting team with underwriting commercial accounts, including but not limited to new business, quotes, endorsements, renewals, and claims underwriting review. The Junior Underwriter collaborates internally with all operating areas and assists Underwriters and Senior Underwriter with their broker partner outreach. As an Underwriter, their work will have a big impact on the profitability and growth of the organization.
Reports To:
This position reports to the Manager of Transportation
Primary Responsibilities:
- Underwriting a wide range of small and large commercial accounts with a focus on developing new business, and meeting new business targets
- Evaluate risks, determine coverage options, and provide competitive packages to close coverage gaps
- When required, represent MSI and foster meaningful relationships with broker partners at industry events, broker visits and marketing events
- Maintain the adhered timeline of timely renewal notices, underwrite renewal risks within established service windows.
- Attain established renewal retention rates agreed upon with the Manager of Transportation
- Utilize underwriting guidelines and company best practices to ensure compliance and profitability
- Demonstrate the ability to follow through on guidance received from Underwriters and Senior Underwriters
- Ensure service levels are being met with endorsements and other policy maintenance requests
- Stay informed on industry trends, market conditions, and regulatory changes to maintain competitive advantage
- Reviewing claims and inspection reports, making recommendations as required
- Ensuring all workflows, procedures, underwriting guidelines and service standards are being adhered to
- Prepare reports for the Manager of Transportation about Underwriting performance related to renewals and endorsement activity
- Contribute as needed to educational content released by MSI for our stakeholders
Role Requirements:
- Strong understanding of underwriting processes and insurance products
- Sound knowledge and understanding of underwriting discipline and pricing models
- Strong willingness for self-improvement and learning new skills and underwriting technical knowledge
- Working knowledge of other functional areas of the business (i.e., Claims, Risk Management, etc.)
- Strong Customer Service skills and problem solving skills related to dealing with broker requests
- Ability to resolve conflicts in a productive way while maintaining a good relationship with stakeholders
- Excellent computer skills; MS Word, Excel
- CIP designation or actively pursuing CIP
- Receptive to and welcomes coaching
Our AODA Statement of Commitment
Able Insurance Brokers Ltd is an equal opportunity employer that does not discriminate against any employee or applicant based on race, ancestry, place of origin, colour, ethnic origin, citizenship, religion, gender identity, gender expression, creed, sex, sexual orientation, age, record of offences, marital status, family status or disability. Able Insurance is committed to a fair and inclusive work environment. We will endeavor to accommodate the needs of qualified applicants in all parts of the hiring process.
