Senior Underwriter, Fronting
17 Edith Dr, Toronto, ON M4R 1Y9, Canada
Department : Alternative Risk Solutions & Programs Location: Toronto Reports To : AVP, Fronting & Programs Company Overview: Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax. At Liberty Mutual Canada, diversity is about all of us.
Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization. If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway.
We are looking for varied and diverse perspectives and experiences that we can add to our team Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer: A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance Competitive health & dental benefits plan Market-leading pension plan Competitive time off policy External education & tuition reimbursement programs Employee & Family Assistance Programs An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion The Opportunity : The primary focus of this role will be underwriting, maintaining and growing an assigned portfolio of Fronting (Captive & Self-Insured Retention) business through renewals and winning new business. This role will work on a variety of Casualty and Specialty products with a key focus on Property, General Liability, and Financial Lines. In addition to underwriting a portfolio, this role will support evaluating credit risk and collateral required with our counterparties.
Duties and Responsibilities: Responsible for the production and underwriting of an assigned book of new and renewal business, including analysis of risk, negotiation of policy terms & conditions, fees, and collateral (amount and form), to ensure appropriate profitability and consistency with Liberty Mutual Canada’s corporate strategy. Work with other Liberty Mutual Canada underwriting teams to identify cross-marketing opportunities. Develop our position as a market leading insurer for alternative risk solutions and fronting. Establish and maintain strong relationships with target brokers & clients.
Provide market-leading customer service through effective prioritization and collaboration with the team. Continually develop and expand expertise in underwriting, risk analysis, financial statement analysis, collateral assessment, legal and legislative trends, providing recommendations to management on changes in strategy to address any emerging trends. Coordinate with other underwriting groups, finance, reinsurance and claims departments across the Liberty Mutual Group, as necessary, to ensure appropriate understanding of any fronted risk and policy form compliance. Mentor other members of Alternative Risk Solutions & Programs including underwriters and underwriting assistants in P&C product knowledge and underwriting development.
Perform related duties, presentations, special projects and assignments to assist in ensuring the success of Alternative Risk Solutions & Programs. Assist in the arrangement of admitted global placements, where applicable. Maintain financial analysis of portfolio for actuals compared to plan and forecast, as well as governance over key deliverables to clients. Represents Liberty at various industry and association events and meetings, as appropriate.
Skills & Qualifications: University degree or equivalent experience is required. Post-secondary education with relevant insurance designation(s)/education considered an asset. A minimum of 3-4 years of insurance industry experience in broking or underwriting, with a preference to P&C coverages. Self-starter with strong analytical skills, in addition to strong business and interpersonal communication skills.
Strong market and broker relationships is an asset. Experience in the reviewing and analysis of financial statements is an asset. Excellent organizational and time management skills. Relevant insurance designations and education is an asset.
Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.
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