Pay at Intact is about much more than just salary.
Flexible work arrangements and a hybrid work model
Possibility to purchase up to 5 extra days off per year
Multiple benefits offered to support physical and mental wellbeing, including telemedicine, Wellness account and much more
Share plan & other savings: up to 12% of salary or even more (ask how you could earn guaranteed income for life)
Salary range (but not limited to):
118,Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance):
15%As part of our commitment to Win As A Team
, we share our success with employees through our annual bonus plan and Employee Share Purchase Plan (ESPP) – with Intact matching 50% of your net shares.
Our pension offerings provide flexibility and long-term security for our employees beyond their careers. We are one of the few companies offering the opportunity to receive guaranteed income for life via our defined benefit pension plan.
Salary for the candidate will be determined taking into consideration a number of factors including: experience, skills, qualifications, anticipated contribution to role, internal equity, etc. The salary range presented above is based on a 35-hour workweek and would represent a majority of different candidate profiles. However, we encourage candidates who may fall outside of this range to apply as well.
About the role
A Surety career is an opportunity to define Intact’s Specialty Solutions offering and expand our business beyond $20 billion of total annual premiums. Leverage your insurance or financial background and strong people skills as you grow your career and solve the exciting challenges that each day brings in managing complex risks. Be part of a team whose size and sophistication help separate us from the competition in the space and contributes to our growing leadership in the Specialty Solutions market both in Canada and globally.
Our National Surety Underwriting (NSU) team is looking to add expertise in Contract and Commercial Surety and seeking a Specialist or Sr. Specialist to join our team.
You have a passion for research and the ability to translate market intelligence into creative product solutions. You have a proven surety track record with the ability to influence and help drive and shape the business. If you are looking for an opportunity to grow with an innovative and forward-looking company join our team and make a difference.
Position Summary:
The role supports the national surety operation with high level technical underwriting expertise in Surety. This position undertakes the development, monitoring and implementation of national underwriting strategies to maximize profit, support prudent growth initiatives and ensure underwriting standards and discipline are maintained. The position requires maintaining good relations with the regional senior underwriting teams but an independent and objective approach to underwriting approvals and recommendations.
In addition, the role will provide general underwriting advice and counsel to regional teams at the account and portfolio level and support profitable growth for the surety divisions across Canada. The main focus of the role is in contract surety, with a minor exposure to commercial surety as required.
This position works primarily with the Ontario and Atlantic regions, with some involvement in other regions.
Key
Job Responsibilities:
In collaboration with the other members of the NSU team, managing of surety underwriting standards including large account authorizations, underwriting guidelines, special acceptances, watch list management, analytics and credit scoring, underwriting audits and controls, portfolio monitoring, and adherence to reinsurance.
Liaise with regional distribution management to understand their challenges, opportunities and new products and work with the NSU team to develop underwriting solutions where possible and prudent.
Review and if required approve the preparation and submission of special acceptances to the Reinsurers.
Review, develop, test and assist in implementing improvements and/or changes to the IT underwriting system and database and advise regions of any amended procedures.
Be aware of changing market conditions and trends that may have an impact on the surety industry, collect market and economic data relevant to our industry and communicate this to our regional surety divisions across Canada.
Assist in developing and improving our internal training and educational programs and when appropriate conduct training and information seminars.
Responsible for keeping the Director and VP NSU informed of key issues by monitoring critical monthly reports on exposures.
Travel may be required to assist with audits, client visits or attending other National events.
Value is in strength of leadership skills, communication and motivational skills, engagement, relationship building with internal and external customers, sound technical…
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