Commercial Lines Underwriter L1 Commonwell Mutual Insurance Group

Job Title:

Commercial Lines Underwriter, Level 1

Job Location:

Remote
Reason for hiring:
Current Vacancy
Salary Range:
The expected base salary range for this position is $53,000.

The Common well Mutual Insurance Group isn't just another insurance company – we're a property & casualty mutual insurer with deep roots in Ontario communities. We're proud to lead the industry by offering a mutual experience grounded in history, opportunity, and exceptional service. At The Common well, we believe in profitable growth, creativity, development, and having fun while doing meaningful work. We support work-life balance and take pride in delivering on our promises.

What sets us apart? Our commitment to authentic personal relationships. While techology helps make the process easier, it's the human connection that truly makes the difference.

At The Common well, we're all about protecting individuals, together. Our vision is to create a workplace where everyone can thrive, be their authentic selves, and bring their whole self to work. We are committed to inclusion in recruitment, hiring, professional development, and advancement. We actively work to eliminate bias from our processes and welcome diversity of thought, background, and experience. We promote open dialogue, offer unconscious bias and inclusivity training, and support employee resource groups to ensure that diverse persoectives are heard and valued.

This purpose of this position is to review, analyze, and evaluate commercial property and liability business at all transactional touchpoints to determine risk level by using different methods of investigation. Working within a team environment, the incumbent will provide calculations for policies and support to our broker force. The incumbent must evaluate policies based on acceptability of risk with a focus on reducing claim exposure while promoting new business and retention for the company.

You are someone who bring energy, curiosity, and care to your work. You thrive in a collaborative environment and are passionate about delivering exceptional service. You will also:

• Supports the technical development of support staff within the underwriting department through training and mentorship
• Active working relationship within the property underwriting lines
• Develop working relationships within all other underwriting lines

• Working knowledge of construction, occupancy, protection, exposures relating commercial risks
• Working knowledge in underwriting package classes of business
• Working knowledge in underwriting non-package classes of business, requiring support in areasof mor complex risks
• Working knowledge of common Commercial Liability exposures including appropiate risk identification, assessment, loss control and underwriting processes
• Working understanding of exposure base of commercial fire rate and liability rate methodologies and ability to complete complex rate workup
• Some understanding in the use of Xrate, Urate and manual rating methodologies
• Working knowledge of Commercial property risk management including typical property risk exposures in low to medium hazard commercial property occupancies requiring support for high hazard commercial property
• Working knowledge in reading and interpreting all relevant policy wordings, including Commercial General Liability, Business Interruption and Umbrella liability relevant to commercial business wordings
• Some understanding on reinsurance products, specifically those available, as well as the necessary process for facultative cession, a working knowledge of restrictions and provisions of reinsurance treaty
• Working knowledge of relevant regulations, including the Insurance Act and applicable building codes
• Some understandinf of the financial statements
• Efficiency in the use of Policy Adminidtration system for all policy transactions and solid understanding of item coverage structure and rate and rule operation
• Understanding of the broker distribution channel, the various tools utilized by the broker and the process interaction between insurer and broker

• Completion of Post-Secondary…