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 $53,000.00 - 68,000.00

The Commonwell 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 Commonwell, 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 Commonwell, 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, non-verbal and written
• Sound morals, ethics, and confidentiality with ability to develop trusting and effective working relationships with peers, employees and business partners
• Strong computer literacy, proficiency in all Microsoft Office programs and Internet navigation

Perks of Being a Commonwell Crew Member

• Remote-first workplace
• Flexible Work Policy
• Competitive Compensation and benefits package
• Training and Development Opportunities
• Community involvement and volunteering opportunities
• Corporate Wellness Programs
• About the Salary Ranges - Please note that the salary range mentioned in this job posting should serve simply as a guide. The final compensation offered may vary based on a variety of factors, including a candidate's experience, skills, and location. Our company is committed to providing a fair, equitable, and competitive package that reflects the value an individual brings to the organization and that aligns to the market
• Our Hiring Approach - We believe in human-centred hiring. The Commonwell does not use artificial intelligence to screen or evaluate candidates - your application will be reviewed by a real person on our team. We thank all applicants for their interest however, only those selected for an interview will be contacted
• Accommodations - The Commonwell is an equal opportunity employer committed to ensuring barrier free employment practices. Should you require accommodations throughout the recruitment process, please let us know, and we will work with you to meet your needs