Account Executive, Project Insurance

Job Description

Job Description

Founded in 1966, Masters Insurance has grown into one of Ontario's largest and most trusted independent brokerages. We specialize in tailored insurance and surety solutions for the construction industry, built on a foundation of strong client advocacy and longstanding industry partnerships.
Driven by our core values of integrity, care, innovation, and exceptional service, we are dedicated to safeguarding our clients' interests and ensuring their peace of mind.
Our extensive services cover personal and commercial insurance, group benefits, as well as life, estate, and investment solutions. With offices in Toronto, Hamilton, Ottawa, Windsor, New York, and Florida, our skilled team partners with top insurers to provide tailored coverage options and prompt, reliable claims support.

Position Summary

This position involves working in a team environment as a Commercial Account Executive on a diverse and growing commercial insurance book of business. You will be working with Masters' principals, Account Managers, Insurance Underwriters and Masters' clients, servicing and marketing existing and new business accounts. The successful candidate must be highly motivated, remain flexible to changing job priorities, and strive to create exceptional service experiences.

The book of business handled within the unit consists of projects in development and course of construction from tendering / proposal stages to binding, and maintenance until completion. The mix of projects include hi-rise residential projects (predominately), as well as commercial, industrial, institutional and custom homes.

Benefits

• Competitive compensation package
• Generous health and dental benefits program, including Healthcare Spending Account
• Robust Group Retirement Savings program with company matching
• Reimbursements of license fees and professional membership dues
• Full support of continuing education and growth opportunities, including career mentorship with senior management
• Hybrid work schedule that supports work-life balance
• Epic year-round employee events!
• Opportunities to give back to our communities through philanthropic programs
• Membership to an exclusive employee discount program
• Discounts to gym membership and select local retailers

Key Accountabilities

• Prepare and issue Certificates of Insurance (COIs).
• Work efficiently with Microsoft Excel, Word, Outlook, and EPIC.
• Create and update Project Insurance Summaries for quotations and proposals.
• Prepare and maintain quote comparisons.
• Request and assemble required underwriting documents for new business and renewals.
• Request, review, and process policy endorsements, renewal documents, and cancellations, including invoicing.
• Manage abeyances and follow up with underwriters and clients for outstanding information, documentation, or policy extensions.
• Review insurance requirements in contracts and issue corresponding Certificates of Insurance.
• Review and prepare Tender Prequalification packages and Tender Quotes.
• Collaborate and negotiate with Insurance Underwriters, providing required information and responding to inquiries from clients.
• Work closely with Account Managers, supporting them in managing their book of business.
• Facilitate and assist with project insurance extensions.
• Navigate lender insurance requirements and respond to risk consultant requests as needed, ensuring compliance for project financing.
• Arrange premium financing for clients electing to finance their insurance premiums.
• Prepare weekly reporting on team updates and project tracking.

Required Qualifications

• Valid RIBO License.
• Proficiency in Microsoft Office, including Outlook, Word, and Excel.
• Postsecondary education completed.

Assets

• CIP and/or CAIB designation (completed or in progress).
• Working knowledge or understanding of construction insurance and commercial lines products.
• Strong verbal and written communication skills.
• Excellent organizational and timemanagement abilities.
• Selfmotivated with the ability to problemsolve independently.
• Ability to thrive in a fastpaced, dynamic environment with changing priorities.
• Strong teamwork skills with the ability to work independently when required.
• High accuracy and attention to detail, especially in data entry.
• Strong negotiation and criticalthinking skills.

Masters Insurance Limited is an equal opportunity employer dedicated to fostering an inclusive and accessible workplace. We are committed to accommodating the needs of applicants in compliance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act at every stage of the recruitment and selection process. If you require accommodation, please contact us at cclare @mastersinsurance.

Masters Insurance takes a fair and transparent, market-based approach to compensation. We recognize that experience and expertise can vary, and we encourage qualified candidates to apply even if their experience or compensation expectations fall outside the stated range. Final offers are determined based on qualifications, experience, skills, and internal equity to ensure consistency and fairness.