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Head Of Property Underwriting

Head Of Property Underwriting

Vallum AssociatesToronto, ON, Canada
17 hours ago
Job type
  • Full-time
Job description

Head Of Property / VP, Property Underwriter

Vallum Associates is delighted to be partnered with an innovative Lloyd’s Syndicate is looking to hire a head of Property Underwriting with strong technical underwriting skills in the Canadian Property product line.

The ideal candidate has the technical experience across various sectors and is a team player who is excited to work in a start-up fast paced environment.

Key Responsibilities :

  • Supported by the product line leaders, develop and execute a strategy to grow the domestic Canadian Service Company portfolio across stand-alone and package product lines.
  • Utilize technical and subject matter expertise when underwriting submissions to ensure appropriate risk review and pricing strategies are applied
  • Grow and maintain a profitable portfolio of business as defined by the business strategy
  • Develop and expand relationships with retail brokerages and individual brokers across Canada
  • Mentor and coach underwriting assistants and junior underwriters

Your responsibilities will include :

  • Price a profitable book of Property risks appropriate to the business, based on underwriting, financial, and competitive analysis and in line with company guidelines.
  • Effectively underwrite commercial property, primary and excess risks, with a focus on mid-market, upper mid-market, risk managed or specialty risks across multiple segments and classes.
  • Ability to appropriately evaluate risks, determine terms, establish available capacity, and determine pricing utilizing company pricing tools and industry / geographic knowledge.
  • Operate within underwriting authority to ensure compliance with internal underwriting guidelines, protocols, policies, and procedures.
  • Underwrite to established thresholds relating to gross premium, net premium, new business, renewal retention, inflation uplift, rate uplift and profitability targets for the portfolio.
  • Monitor profitability of assigned clients and brokers, developing strategies or action plans to propose corrective actions as needed.
  • Demonstrate proficiency in the use of pricing models, tools, and other risk evaluation models.
  • Support business strategies to effectively achieve profit and growth objectives through sound underwriting and responsible marketing.
  • Respond to underwriting and marketing strategies and standards by executing a marketing plan that reflects local market conditions and, at the same time, meets growth and profit goals.
  • Support the development of bespoke product wordings, declaration pages and schedules.
  • Lead internal initiatives related to the growth of the Canadian portfolio.
  • Set up or review and approve policy forms for all new and renewal policies according to binding terms for policy issuance by underwriting assistants.
  • Produce new business through the development and engagement with retail brokers on a national basis.
  • Provide technical training and other learning and development opportunities.

    • Required Skills / Competencies :

  • Comprehensive knowledge and understanding of the Canadian commercial property and overall Property & Casualty insurance market.
  • 12+ years plus of property underwriting experience.
  • Demonstrated analytical and risk underwriting skills that applies directly to selection, pricing, account handling and book management, including industry trends, legal, regulatory and jurisdictional issues
  • Experience with policy wording development
  • Excellent written and oral communication skills
  • Comfortable with using technology including Excel, Power Point and internal underwriting, pricing, and policy management systems.
  • Ability to build strong relationships with brokers and internal colleagues.
  • High degree of drive, self-motivation, continuing development, and ability to work independently.
  • Strong analytical, negotiating, and investigative competencies.
  • Strong collaboration and team building skills.
  • High degree of flexibility and adaptability to changing environment and situations.
  • Established broker relationships across Canada highly desired.
  • CIP / FCIP / CRM designation or progression towards would be an asset.

    • If this role is of interest, get into contact with Louie York at Vallum Associates on the following details :

    E : Lyork@vallumassociates.com

    DD : +44 204 513 6437

    Mob : +44 7932 585269

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    Head Of Underwriting • Toronto, ON, Canada