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Underwriter - Financial Lines

Underwriter - Financial Lines

Job ID 
22381
# Positions 
1
Location 
CA-ON-Toronto
CA-QC-Montreal
Posted Date 
11/10/2017
Category 
Underwriting
Position Type 
Full Time
Travel Percentage 
0 to 10%

Job Information

Overview

Be Here. Be Great.  Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group, a member of American Financial Group, is a Fortune 500 company consistently recognized as a top place to work.  We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty property and casualty operations and a variety of financial services, there are always opportunities here to learn and grow. 

 

Our Executive Liability Division underwrites Directors’ and Officers’ Liability Insurance, Employment Practices Liability Insurance, and Fiduciary Liability Insurance for public, private and not for profit companies. 

 

The Executive Liability Division is searching for a Financial Lines Underwriter for our office located in Toronto, Ontario. 

We would also consider an experienced executive liability underwriter who would work home or at home in Montreal. 

 

The role of the Underwriter is to market, underwrite and produce profitable  business.  The position will entail marketing, and underwriting new and renewal business in accordance with Company objectivities and policies.  The Underwriter must have the ability to relate to people easily in order to develop effective customer partnerships. Must be bi-lingual in English and French. Please note that “bi-lingual” means you must be able to speak, read and write in both languages.

 

Responsibilities

  • Responsible for an assigned book of business in which account information is evaluated, underwritten and priced within authority guidelines.  Has responsibility for risk selection/rejection, retention, growth and profitability within scope of authority and per divisional objectives.
  • The position requires the ability to assess a variety of transactions (including IPO’s, mergers and acquisitions, bankruptcy emergence), life cycle phases (from start-up to mature/declining) and levels of sophistication (sole proprietorships to Fortune 500)
  • The underwriter is expected to perform in depth financial statement and securities valuation analysis of prospective risks and make recommendations on pricing and terms consistent with underwriting guidelines. 
  • Maintains a high level of customer service.  Communicates directly with Brokers to develop and maintain strong relationships.  Promptly issues quotes, policies and endorsements.
  • Performs other duties as assigned. 

Qualifications

  • Bachelor’s degree in Finance, Economics or other Business related field, inclusive of financial statement analysis skills.
  • Underwriting/Insurance experience considered an asset.  
  • High level of organizational skills, ability to establish priorities and meet deadlines.
  • Strong verbal and written communication skills in order to leverage excellent customer relationships, and to provide opportunities for marketing products and services.
  • Able to work in a small office setting.
  • Must be open to travel, including occasional overnight travel.
  • Must be bilingual in French and English (able to speak, read and write in both languages). 

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