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Commercial Line Insurance Underwriter

Markham, ON, Canada

Job Type

Full-time

Workspace

On-site

About the Company

WellCare Insurance, headquartered in Markham, Ontario, Canada, is one of the leading
insurance brokerage firms. We are committed to providing comprehensive insurance
solutions and outstanding customer service, while also creating vast career
development opportunities and generous benefits for our employees. By establishing
long-term stable partnerships with insurance companies and underwriting teams, we
continually strive to promote the healthy development of the insurance industry.

About the Role

Responsibilities:

● Market new and existing business accounts to achieve sales and retention goals

● Negotiate terms for new business, renewals, and mid-term changes with

insurance carriers

● Gather and organize information from Producers for renewal and new business

submissions

● Analyze and review policy wordings to ensure proper coverage

● Monitor the insurance marketplace and maintain a database of changing

company "appetites"

● Follow up with insurers on outstanding items and review certificate requests for

adequate coverage

● Compare quotations for accuracy and outline coverage restrictions

● Provide alternate carrier options as needed

● Ensure no gaps in coverage for clients

● Bind coverage, prepare documentation, certificates of insurance, and mid-term

changes promptly

● Maintain daily contact with underwriters and policyholders

● Build strong relationships with insurance carrier representatives and agency

sales managers

● Stay updated on market trends, underwriting appetites, and company changes

● Attend seminars and classes for skill development

● Perform other duties as assigned


Expected Salary Range:

($) CAD (to be specified)


Additional Benefits:

Group Health Insurance

Requirements

Requirements:

● Minimum 3 years of experience in a similar role

● CIP/FCIP designation (or working towards) is an asset

● Post-secondary education in a related field required

● RIBO licensed or willing to obtain within a year (preferred)

● Experience with Power Broker is an asset

● Knowledge of policy wordings and rating guidelines

● Strong verbal and written communication skills in English; Mandarin/Cantonese

is an asset

● Excellent interpersonal, organizational, and time management skills

● Proficient in Microsoft Office (Word, Excel, PowerPoint)

● Strong attention to detail

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