Underwriting Associate

    You can use your smart phone to browse stories in the comfort of your hand. Simply browse this site on your smart phone.

    Using an RSS Reader you can access most recent stories and other feeds posted on this network.

    SNetwork Recent Stories

Underwriting Associate

Job Information
Author pmnationtalk
Date September 6, 2021
Deadline Open
Type Full Time
Company Zurich Canada
Location Toronto, ON
Category Miscellaneous
Client Zurich Canada
Contact Information
Apply Now!

Underwriting Associate

77580

Job Accountabilities – Key Accountabilities

• With core knowledge of underwriting processes, is conversant and may work on multiple lines of business with some variances and with analysis guided by multiple tools and references.
• Collaborates with underwriters in the areas of procedures, policy endorsements and policy content.
• Computes premiums for policies, selects appropriate declarations, coverage forms, national/local forms, and optional endorsements to complete a policy.
• Anticipates the needs of the Underwriter and the customer based on the policy submitted.
• Provides account servicing support (e.g. subsequent transactions including endorsements, cancellations, reinstatement & adjustments, billing & collections, contract services and Claims & Risk Engineering) as directed by the Underwriter or Underwriting Support Manager.
• Supports assigned Underwriters with broker/customer interactions. Underwriting authority is not granted.
• Responsible for the new business, renewals and endorsements process for moderately complex business.
• Reviews, appraises and recommends submissions for acceptance or declination within established appetite.
• Evaluates and summarizes exposures and controls both at the account level and at the Line Of Business level.
• Evaluates loss potential due to catastrophe, severity, and/or frequency.
• Assesses financial condition and summarizes financials.
• Applies rating knowledge to provide direction to Rating Services.
• Utilizes accumulated account analysis to provide Underwriting with data required for pricing decisions (e.g. debits/credits, risk characteristics).
• Supports Underwriting with broker/customer interactions with a planned and well-prepared purpose.
• Provides account servicing support (e.g. subsequent transactions including endorsements, cancellations, reinstatement & adjustments, billing & collections, contract services and Claims & Risk Engineering).
• May assist in training new team members.
• Identifies/escalates issues and participates in determining resolution with support of others.
• May support special projects as a subject matter expert.
• Able to independently interact with brokers and customers in certain instances.

Job Qualifications

Required:
• Bachelors Degree and No prior experience required in the Administrative or Customer Service or Data Entry or Financial Services or Risk Management areaOR
• High School Diploma or Equivalent and 2 or more years of experience in the Administrative or Customer Service or Data Entry or Financial Services or Risk Management areaAND
• Some travel may be required

Preferred:
• Underwriting/underwriting operations, claims, risk management or premium audit experience
• Experience with data collection and analysis
• Excellent customer service orientation and communication skills
• In-depth knowledge of processing, rating and policy issuance systems
• Detail oriented
• Organizational, prioritization, and multi-tasking skills
• Mastery of processing, rating and policy issuance systems

Job Functions

Business Accountabilities

• Service the needs of customers.
• Support others who maintain relationships with customers.
• Respond to inquiries quickly and completely, provide status updates.
• Recognize and respond to or refer opportunities.
• Identify and resolve problems by referring to policies, procedures, standards.
• Continually improve unit performance by analyzing and recommending enhancements to technical procedures.

Competencies

Collaborate Together

Develop & Grow

Puts Customers First

Fuel Innovation

Technical Competency 1

Technical Competency 2

Motivational fit

Provide Clear Direction

Make it Happen

Job Summary

Responsible for evaluating exposures/controls, evaluating loss history, assessing financial condition, for basic to moderately complex business.

Only applicable for Canada: For Zurich Canada’s commitment to diversity and accessibility please click here. If you would prefer to not receive future electronic messages from Zurich Insurance Company Ltd’s recruitment management system, please email your request to have your job profile deleted from the system by clicking here. Zurich Insurance Company Ltd 100 King St., W., Suite 5500, Toronto, ON, M5X 1C9. www.zurichcanada.com

Send To Friend Email Print Story

NationTalk Partners & Sponsors Learn More

CLOSE
CLOSE