01 Aug
|
Berkley
|
Toronto
Company Details
Why Berkley?
Berkley Canada is a boutique Specialty and Accident, Health & Travel Insurer that delivers exceptional expertise and service to our broker partners and insureds. Our mission is to be the best for our employees, customers and shareholders. By being the best, we mean generating better experiences and better outcomes for these three stakeholders.
In order to achieve this, our strategy is simple; we find the industry expert in a line of business and empower them to better serve that specific niche. We encourage our team to think outside the box, be creative and create recent opportunities. Join us today!
Responsibilities
Position Summary:
This is an excellent opportunity to take the next step as a Construction Specialty Lines Risk underwriter in today’s competitive marketplace. The position empowers the Construction Specialty Lines Risk Underwriter to deploy capital in accordance with Berkley’s underwriting appetite, continue to build and utilize your analytical and market-facing skills in a differentiated manner to create unique solutions for our broker and client base. This position primarily focuses on Mid-Market Canadian Construction and /or Architects & Engineers in all regions of the country.
We are seeking a talented candidate with proven underwriting and/or broking experience and passion in driving and scaling the following Construction Specialty Lines business:
- Contractor’s Annual Commercial General Liability Insurance (CGL)
- Contractor’s Annual Professional Liability Insurance (CE&O; / CPPI)
- Architects & Engineers’ Annual Professional Liability Insurance (A&E;)
- Project-Specific Professional Liability (PSPL for A&E; and/or CPPI)
- Project-Specific Wrap Up Liability (WU)
A strong track record in business development and production is essential. The ideal candidate will demonstrate the ability to build and maintain broker relationships, identify growth opportunities, and drive profitable new business across these specialized product lines.
What will your typical day look like?
- Ensure quality risk selection for new and renewal business submissions
- Determine applicant’s premium based on projected risk-level using statistical models to maximize underwriting profitability while adhering to underwriting authority letter
- Cultivate and maintain broker networks and relationships nationally
- Service all accounts including broker inquiries and bring complaints to underwriting manager. Handle complex policy maintenance items and other mid-term requests. Review endorsement requests and process necessary changes to the policy with approval
- Maintain corporate and regional underwriting objectives, including but not limited to rate adequacy, profit strategies, policy documentation and service standards
- Develop, contribute and adhere to short and long term underwriting strategic plans and objectives for regional underwriting offices ensuring consistency and integration with overall Berkley corporate strategy
- Embody and promote Berkley Canada’s collaborative and innovative culture to ensure professional success individually and for the team
- Performs other duties as assigned
You will also have the chance to...
- Enhance your career by having opportunity to be involved with various business functions such as wording/rating development, budget creation and short/long-term business strategy development
- Visualize and build a career in insurance as you discover more about our exciting, evolving industry
- Build relationships and networks to support your professional growth and success
- Expand your skills through collaboration with and training from our experts
- Collaborate with colleagues on developmental projects and share your knowledge
Qualifications
Characteristics:
- Bachelors degree or equivalent experience
- Minimum of 5 years of Construction insurance underwriting experience, ideally Construction Professional Liability & Architects & Engineers related
- CIP Designation an asset
- Demonstrate initiative and works well independently with limited oversight by manager
- Team player with a willingness to think outside the box and creatively
- Effective time management skills
- Strong oral and written communication skills
Thank you for considering Berkley Canada!
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or any other legally protected basis, in accordance with applicable law.
Additional Company Details
Berkley Canada offers a competitive compensation plan and a robust benefits package for full time, regular employees, including:
- Base Salary Range: $75,000 - $105,000
- Eligibility for an annual discretionary bonus
- Comprehensive benefits package, including health and dental coverage, life insurance, STD, LTD, critical illness insurance, EAP, professional development support, vacation, paid time off, and RRSP plan contributions
Our salary ranges are determined by role, level, and location. The range displayed reflects the minimum and typical maximum target for new hire salaries for this position; it does not reflect the maximum salary for the role over time. Within the range, individual pay is determined by job related skills and experience demonstrated during the interview process.
Berkley Canada does not use AI based screening tools in the hiring process and this posting is for an existing vacancy that we are actively hiring to fill.
📌 Underwriter, Construction Specialty Lines (Toronto)
🏢 Berkley
📍 Toronto