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Out of Scope

Location: Edmonton and Calgary – This position is eligible for hybrid work, at the manager’s discretion, after training requirements have been met.

Work hours: Permanent, Full time (Monday – Friday, 40 hours per week)

The intermediate Underwriter is responsible for reviewing, evaluating and determining insurability for routine and moderately complex new and renewal applications for SGI CANADA (Alberta) commercial property insurance products. In this role, you will examine the nature and degree of risk involved, negotiate conditions, rates and premiums with brokers and process insurance policies. 

Key Accountabilities

Note: This section is not intended to be an exhaustive list of duties and responsibilities – other duties and responsibilities may be assigned.

Insurance Underwriting

Reviews and evaluates routine and moderately complex new/renewal applications to determine the nature and degree of risk involved.

Acquires further information on applications (and the risks involved) when necessary.

Determines whether to accept or reject the risk, or accept the risk subject to certain conditions.

Determines percentage of involvement in subscription policies and/or arranges for reinsurance.

Identifies and recommends improvements to insurance products and/or systems.

Policy Processing

Processes new/renewal applications, revisions, cancellations and quotes with a focus on acquiring new business through quotes.

Calculates premiums, ensuring that appropriate rates are used and that applicable discounts and surcharges are applied.

Ensures that product and customer service levels are maintained.

Completes reports as required.

Sales and Negotiation

Negotiates conditions or limitations with brokers on policies to balance business needs and underwriting guidelines.

Negotiates rates and premiums with brokers to balance business needs and underwriting guidelines.

Promotes and sells supporting products to brokers.

Broker Relationships

Explains underwriting criteria and decisions to brokers (verbally and/or in writing).

Develops and maintains working relationships with brokers to generate a flow of profitable business, and provides assistance in resolving any service matters.

Training and Mentoring

Provides training on underwriting policies, procedures and guidelines.

Gives guidance on conditions and rates when required.

Leadership

Actively contributes to and supports a culture of a high performing workforce.

Participates in divisional succession plans, ensuring ongoing professional and career development and supports development in others.

Supports a culture of leadership and accountability to effectively deliver on strategic and corporate strategies.

Is actively committed to leadership development across the company, supporting team and workforce readiness through mentoring, training and developmental opportunities.

Corporate Management

Enables the success of programs and policies that are in alignment with corporate, strategic and divisional strategies. 

Manages risk in area of authority.

Ensures that the Health, Safety and Emergency Management Policy is applied in area of responsibility.

Education and Experience

A two-year diploma from an accredited post-secondary education institution in a relevant field of study such as Business and specializing in insurance and risk management.

3 – 5 years’ experience in underwriting.

Knowledge, Skills and Abilities

Knowledge of the principles and practice of insurance, underwriting policies and procedures, and applicable insurance products.

Knowledge of premiums, coverages, and deductibles for applicable insurance products.

Knowledge of reinsurance principles.

Knowledge of the applicable regulatory environment.

Behavioural Competencies

Leader Level 3 – Applies (Team/Dept)

Accountability – Provides direction, sets expectations

Business Acumen – Applies broader business metrics and understands the internal and external environment

Change Agility – Makes change real for others

Leadership – Leads the team

Posting Close Date:

February 18, 2025

As you prepare to submit your application, and cover letter if applicable, please highlight the achievements that demonstrate why you're a great candidate for this role.