Commercial Lines Underwriter, Level 1

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 technology 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 perspectives are heard and valued.

The Opportunity
The 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.

Who You Are
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

How You Will Create An Impact
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 areas of mor complex risks
Working knowledge of common Commercial Liability exposures including appropriate 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 understanding of the financial statements
Efficiency in the use of Policy administration 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

What You Will Bring
Completion of Post-Secondary Education
Successful completion, or pursuing industry related designations is an asset
1-2 years relevant experience
Great organizational skills and ability to multitask is required
Thorough attention to detail is a must to ensure accuracy of policy documents
Ability to perform moderate mathematical calculations is required
Effective communication skills: verbal,…