We have an excellent opportunity to join Farm Mutual Re, one of Waterloo Region's top employers, as a Senior Product Analyst in our Ontario Mutuals Automobile Plan (OMAP) department. OMAP is a department which provides product, underwriting, actuarial, regulatory, and systems support to a group of Ontario Mutual Insurance Association (OMIA) companies that underwrite automobile insurance in Ontario and have elected to do a common filing with the Financial Services Regulatory Authority (FSRA). This group of 29 mutual insurance companies writes a combined annual automobile insurance premium base of approximately $400M.

Reporting to the Manager, Product and Underwriting, the Senior Product Analyst is responsible for advising on product and underwriting for the Private Passenger Auto (PPA), Individually Rated Commercial Auto (IRCA), Fleet, Garage Auto, and Miscellaneous (MISC) lines of business. This role establishes underwriting policies and procedures, writing and amending wordings, and researching and developing new products. This position offers a hybrid work setting, with a primary corporate office in Cambridge and access to a satellite office in Toronto.

Develop, maintain, and enhance underwriting policies, procedures, and product guidelines to support effective risk management and business objectives. Draft, review, and update policy wordings to ensure clarity, accuracy, and regulatory compliance. Research, analyze, and recommend underwriting rules, risk selection criteria, and product enhancements based on market trends and business needs.

Create and maintain supporting product documentation and reference materials, including rate manuals and underwriting resources. Monitor legislative,



regulatory, and market developments to identify emerging risks, opportunities, and potential impacts on product performance and profitability. Build and maintain strong relationships with key stakeholders, including regulatory bodies, industry partners, and technology vendors, to support product development and ongoing compliance.

Bachelor’s degree or diploma in a related insurance, business, or risk management program, and/or an equivalent combination of education and experience 5+ years of underwriting experience in the Property & Casualty insurance industry, including experience in auto insurance, commercial auto, and/or commercial lines Strong knowledge of insurance policy wordings, endorsements, the Insurance Act, Highway Traffic Act, and other applicable regulatory requirements, with the ability to interpret and apply them effectively Incentive compensation is tied to established business and individual performance targets. Flexible hybrid work environment, which balances remote and in-office work A comprehensive wellness plan, including personalized health coaching, fitness classes, and access to an on-site gym Ongoing professional development opportunities, such as paid education, training, certifications, mentorship programs, and personalized career development plans Paid volunteer day to give back to your community In addition to our competitive salary, employees also receive exceptional employer-paid benefits, a defined benefit pension plan, and more to support their future We provide accommodations that help achieve a barrier-free workplace. We may use artificial intelligence to support elements of the recruitment process.

📌 Senior Product Analyst - Risk (Cambridge)
🏢 Farm Mutual Re
📍 Cambridge