Financial & Professional Services Underwriter

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Details of position:

  • Position name: Financial & Professional Services Underwriter
  • Employment type: Full Time
  • Reporting to: VP – Specialty
  • Working hours: 8:30 AM – 4:30 PM
  • Location: Hybrid
  • Salary: Competitive
  • Bonus: Formula-based discretionary bonus

About Vailo

Vailo is an independent and Canadian-owned Managing General Agent, with a focus on providing innovative, underwriting solutions to a select broker network. We are geared to achieve underwriting excellence and are committed to excellent customer service. We are seeking a Senior Commercial Underwriter to become a part of our dynamic and knowledgeable team.

About The Role

We are seeking a Financial & Professional Services Underwriter for our Specialty Insurance team, an individual who is ready to embrace and manage complex risks associated with Specialty Insurance products. In this role, you'll work closely with our senior leadership team to develop and generate new business. It's a role that will challenge and reward you in equal measure, offering an opportunity to flex your underwriting expertise and business development in a forward-thinking organization that prioritizes employee wellness and development. This is a fantastic opportunity to join a rapidly growing and forward-thinking business, giving you a real opportunity to develop your career and be part of a purpose led organization.

Key Responsibilities

  • Analyze risks, assess underwriting submissions, and make sound decisions.
  • Develop, negotiate, and manage a portfolio of accounts in alignment with Vailo’s strategic goals.
  • Build and maintain strong relationships with customers, brokers, and internal stakeholders, providing exceptional customer service.
  • Assist the senior leadership team with the development and refinement of specialty insurance products.
  • Attend local industry events representing Vailo’s specialty division.

Knowledge, Skills and Experience

  • A University degree, insurance-related certifications like CIP or equivalent working experience
  • Proven experience in underwriting, with a focus on one or more of the following products: Miscellaneous E&O, Architects/Engineers E&O, Directors & Officers Liability.
  • Proficiency in underwriting tools, systems, and data analysis techniques, with an ability to evaluate risks, determine appropriate coverage, and calculate premiums.
  • Strong attention to detail, excellent communication and interpersonal skills, and effective time management skills.
  • Strong negotiation skills, adaptability to changing market conditions and underwriting guidelines, and ability to handle multiple underwriting files simultaneously.
  • Comprehensive understanding of underwriting guidelines, policy wordings, pricing tools, and the regional insurance market.
  • Help to coach and mentor Underwriters and Underwriting Associates
  • Maintains continuous learning and professional development.
  • High ethical standards, adherence to industry regulations and guidelines, and the ability to handle sensitive information discreetly.

What We Offer

  • Market competitive compensation and a bonus program that is tailored to you.
  • Remote first working arrangement.
  • Participation in an annual bonus program
  • Minimum of 3 weeks vacation plus Vailo Days.
  • Support towards professional designations.
  • Opportunity to learn and specialize in other niche insurance products offered by Vailo
How to Apply

Please submit your resume and cover letter to careers@vailo.ca or use the form below. Please note that only those chosen for an interview will be contacted.

Online Application Form

If you are looking for more information about our company, our team or our products/services please click here. Also, make sure to check us out and follow us on social media – LinkedIn, Twitter & Facebook.