Underwriter Jobs in Waterloo, ON

Job Description

What you’ll be doing :

• Ensure underwriting efficiency and effectiveness
• Assesses risks and accepts, declines, or amends new business submissions, policy endorsements, renewals, etc.
• Understands and aligns decision making to Economical's Line of Business and segmentation strategies
• With some guidance, develops solutions to achieve profitable growth targets
• Underwriter insurable risks in our nine business segments : Realty, Restaurants, B+P, Contractors, Automotive, Retail, Warehousing, Wholesaling, Manufacturing”
• Leverages tools, resources and reports to appropriately evaluate risks and make effective Underwriting decisions
• Applies Underwriting judgment and relies on the guidance of senior staff and his / her Team Leader to process moderately complex risks effectively in accordance with Economical's corporate policies, Underwriting guidelines, standard operating procedures, and Line of Business and segmentation strategies
• Knows how and when to leverage Underwriting Technicians and when to refer or escalate specific transactions / issues to more senior Underwriting stakeholders, as required
• Reviews Claims activity and takes appropriate action within his / her Underwriting authority level, as required
• Customer Experience
• Contacts Brokers, where required, to request additional information, communicate risk acceptances and terms, declines as well as quote follow ups (where applicable) to achieve target hit ratios - Provides exceptional service to Brokers for all interactions, and seeks to add value in every Broker interaction
• Acts as a point of contact for inquiries related to Commercial Property Insurance
• Routes / escalates Broker inquiries to alternative points of contact within Economical to enable effective and prompt resolution of inquiries, where appropriate
• System Expertise
• Effectively manages multiple transactions within the policy case management system, leveraging system functionalities to appropriately route and document processing of transactions
• Demonstrates deep understanding of the policy administration systems and quoting systems and how functionalities can be used to best respond to Broker inquiries and needs, and completes all the required documentation in the system
• Applies knowledge of document management to access most up-to-date materials, guides and / or tools

What you bring :

Salary Range : $48,700 - $89,800

About Us

Interested in this role, but don’t meet every requirement?  We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.

What’s in it for you?

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.  In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting .

Background checks

This role requires successful clearance of background checks (including criminal checks and leadership references).