Senior Underwriter and Trainer, National Underwriting

HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering-based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks.  We dare to think big, and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.

HSB is much more! It’s insurance. Engineering. Technology. To learn more about us, please visit: https://www.hsb.ca

Primary Objectives:

This position combines responsibilities across two functions. The primary focus of the role is Senior Underwriter, with up to 40% of time allocated to supporting training and development needs of National Underwriting stream. 

Reporting to the Manager, National Underwriting, the Senior Underwriter and Trainer will be responsible for underwriting quality, risk assessment, pricing, and identification and handling of new risks and opportunities and risk-related trends​. The Underwriter will ensure they follow underwriting guidelines and deliver high-end service to internal and external stakeholders. The successful candidate will play a pivotal role in the underwriting and growth of our profitable book of Equipment Breakdown and Specialty Lines Insurance, as well as partner with key industry leaders both internally and externally in executing business development initiatives for the Regional Hubs and Company.

Reporting to the AVP, National Underwriting and Support, the Senior Underwriter and Trainer will be responsible for design, development and delivery of technical underwriting programs and materials for National Underwriters. 

Key Responsibilities:

• Operational Excellence: Actively work on enquiries received from client companies/brokers/general agents, ensuring consistent and efficient processes for underwriting activities. Generate quotes, underwrite renewals and new accounts, bind opportunities within the authority, and work with Corporate Underwriting to approve opportunities above the authority limits. Solution all insurance coverages and related business operations. Remain current on market trends and the suite of HSB products. Review Large Losses, where needed.
• Process & Capacity Management: Handle all levels of Equipment Breakdown accounts including underwriting and presentation to Committee of complex and sophisticated placements including Underwriting Partnership Roundtables (UPRs). Handle large hub accounts and work closely with the business development advisors for the presentation and negotiation of terms with the broker or client company underwriter. Understand the impact of loss ratios, hit ratios, written premiums and territory performance to underwrite profitably.
• Collaboration & Relationship Building: Collaborate closely with the Corporate Underwriting (CU) team to ensure adherence to guidelines, wordings, pricing and proper usage of available underwriting tools. Develop and maintain relationships with brokers and General Agents (GAs).
• Stakeholder Engagement: Build and maintain strong relationships with key internal and external stakeholders, including the National Underwriting, U/W Support and Business Development leadership team, Treaty,  TRusT, Cyber and Corporate Underwriting to drive business success.
• Training: Identify development opportunities and training needs across the National Underwriters community to ensure consistent application of underwriting principles. Collaborate with Training and Development on training delivery and completion. Ensure alignment with Corporate Underwriting’s guidelines and tools. Assist with onboarding new underwriters.   

Qualifications:

• A bachelor's degree in finance, Business Administration, Actuarial Science, or a related field is required.
• Professional designations such as Chartered Insurance Professional (CIP) and working towards Fellow Chartered Insurance Professional (FCIP) are strongly preferred.
• 5+ years of experience in commercial underwriting within a medium to large level Equipment Breakdown insurance company with a superior track record in commercial underwriting insurance company is highly desirable. A background in broking or facultative reinsurance underwriting would also be an asset.
• Strong understanding of the insurance market, underwriting principles, and risk management strategies.
• Excellent communication and interpersonal skills, with the ability to engage and influence both internal teams and external stakeholders, with a solid industry network established.
• Strong analytical and strategic thinking capabilities, with a focus on operational efficiency and process improvement.
• Demonstrated ability designing, developing and delivering underwriting training.
• Bilingual capabilities (English and French) are an asset.

Company Benefits:

Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days. Fully remote options are offered in some locations across Canada.
• A great compensation package including an annual company bonus
• Competitive company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing – on and off the job
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
• Employee Referral Program and Recognition Program

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodation will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact hr@hsb.ca as soon as practical so that suitable accommodations can be arranged.

We thank all candidates for their interest; however, only those selected for an interview will be contacted.