Automobile Underwriting Specialist
Company: Zurich Insurance Group Ltd
Location: Toronto
Experience: 5-10 years
Job Description
An exciting and unique underwriting opportunity for a forward-thinking Automobile Specialist to analyze and underwrite new and renewal business under limited direction, utilizing the Zurich Way within delegated authority levels Your extensive knowledge of the Canadian automobile insurance marketplace, strong broker connections and interpersonal skills is highly valued in servicing this book of mid to large-sized complex risks. Must be proactive and detailed oriented while maintaining high service levels and Zurich’s high underwriting standards. Experience with Alternative Risk Solutions is valuable but not a prerequisite.
Job Qualifications
Required:
- High School Diploma or Equivalent and 5 or more years of experience in the Underwriting or Market Facing area.
OR
- High School Diploma or Equivalent and 10 or more years of experience in the Claims or Underwriting Support area
OR
- Zurich Certified Insurance Apprentice including an Associate Degree and 3 or more years of experience in the Underwriting or Market Facing area
OR
- Zurich Certified Insurance Apprentice including an Associate Degree and 8 or more years of experience in the Claims or
Underwriting Support area
AND
- Knowledge of Microsoft Office
- Experience working on time restraints for quotes on new and renewal business
- Experience working in a team environment
Preferred:
- Bachelors Degree
- Strong verbal and written communication skills
- Microsoft Office experience
Job Accountabilities – Key Accountabilities
- Proactively seek renewal and new account opportunities.
- Complete detailed opportunity assessment with key distributors to identify growth opportunities.
- Qualify accounts to meet with the organization’s appetite, balanced with sound business opportunities.
- Make agent/broker/customer and on-sight calls with a planned and well-prepared purpose.
- Negotiate Terms & Conditions and close deals.
- Cross-Sell other lines of business to increase product density with the account.
- Participate in Sales Team meetings as related to assigned brokers and / or territory.
- Proactively engage in the target account process, managing a qualified list of opportunities 90 to 120 days prior to the effective date.
- Update required systems with details of broker/client visits and account status within a specified time frame.
- Serve as key contact for assigned target accounts.
- Develop strong broker and client networks as related to industries underwritten by Business Unit.
- Calculate Target Price accurately by utilizing underwriting tools appropriately.
- Measure exposure/analyze risk.
- Initiate product development idea.
- Assist in training and developing staff.
- Provide expertise on coverage issues with claims programs and guidelines.
- Contribute to the development of u/w manuals, programs and guidelines.
- Approve/place facultative purchases
- Develop and lead marketing presentations to new and current agents/brokers
- Promote the organization’s products and services in order to increase penetration within the agency plant
- Ensure the successful completion of projects by maintaining continuing dialogue with business unit sponsors during the implementation of major projects
- Diagnose and develop recommendations to solve unique business unit and customer problems
- Lead complex technical or long-term (over 6 months) business projects to implement new or changed systems, programs or products
- Investigate, recommend and implement leading-edge technical solutions when they meet customer needs.
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