Associate Underwriter, Financial Institutions

Department:
Underwriting
Location:
Toronto
Reports To:
Assistant Vice President, Financial & Professional Services
Company Overview:
Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.
At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.
If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!
Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:

• An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion
• Market-leading pension plan
• External education & tuition reimbursement programs
• Employee & Family Assistance Programs
• Competitive time off policy
• A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance
• Competitive health & dental benefits plan

The Opportunity
We’re looking for an Associate Underwriter to join our growing team! This role will be accountable for profitably growing an assigned Financial Institution portfolio through superior risk selection, retention and negotiated renewal terms. Key products include FI D&O, FI E&O, FI EPL, FI Fiduciary Liability, and Financial Institutions Bonds, within the Ontario and Atlantic Region Underwriting team.
Duties And Responsibilities

• Demonstrate effective prioritization of workload and provide superior customer service to our brokers and clients.
• Establish positive broker and client relationships through market leading service and frequent marketing activities.
• Profitably underwrite, service and grow a portfolio of FI business, ensuring alignment with Liberty’s renewal process, underwriting guidelines and strategies.
• Actively solicit account rounding and cross-selling opportunities on assigned portfolio.
• Effectively communicates Liberty’s underwriting appetite and applies this knowledge to streamlined renewal accounts to negotiate profitable renewal terms.
• Recommend and execute on innovative concepts to improve the efficiency and accuracy of the renewal process and general ease of doing business for our customers.
• Follow Liberty’s Guidelines for Inclusion and build on personal DE&I knowledge and skill sets.
• Other duties and projects as assigned.
• Continuous learning and development through relevant seminars and courses, and learning from existing Liberty expertise.
• Work closely with team members, Management and Product Leaders to ensure consistency with underwriting approach and product strategies.
• Maintains proper file documentation within required timelines.
• Collaborate closely with other Liberty business units to understand key customer relationships and form multi-line account solutions.

Skills & Qualifications

• Superior relationship management, negotiation, organizational and time management skills.
• Excellent communication, organizational and time management skills.
• Must exhibit action-oriented behavioural traits and dedication to meeting the expectations and requirements of internal and external customers.
• Customer service focused with an ability to handle a high volume of business and make sound decisions under tight timelines.
• Knowledge of Microsoft Office 365 is considered an asset.
• Able to respectfully give and receive positive and constructive feedback.
• Self-starter with strong analytical skills, in addition to strong business and interpersonal communication skills.
• Post-secondary education, relevant insurance designations/education or related work experience in the financial sector is required.
• Prior related experience in Financial Lines underwriting and/or broking is an asset.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment/interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.