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Senior Corporate Underwriter (Cambridge)

$76.86k - $112k

Allianz

As a Senior Corporate Underwriter, you will support the day-to-day underwriting function, providing guidance on complex underwriting cases and ensuring risks are assessed appropriately and aligned with organizational goals. You will help maintain and refine underwriting controls, contribute to efficient workflow management to meet operational requirements, and identify opportunities for process improvement. Additionally, you will apply organizational policies and procedures at the local, regional, and global levels in your daily work. This is a corporate underwriting role focused on owning underwriting decisions, pricing logic, and portfolio profitability. Way of working: This position follows a hybrid work schedule to include in-office days (Tuesdays and Thursday) at our office in Cambridge, Ontario. Responsibilities Set and evaluate premium rates for existing programs, new business opportunities, and new product offerings, ensuring pricing is aligned with risk, profitability, and market conditions. Support product set-up and maintain quality assurance of underwriting processes, ensuring accuracy and consistency across systems and documentation. Analyze underwriting data to assess product and portfolio profitability, including loss and expense ratios, to support and defend underwriting decisions, and deliver standardized and ad hoc reports. Collaborate with lines of business, actuarial, and compliance teams to support pricing decisions, product development, and implementation of new initiatives. Facilitate discussions and negotiations to reach alignment on pricing, commissions, and product structure. Maintain and enhance underwriting tools, models, and databases; ensure data quality and integrity for analysis and reporting. Respond to client and internal stakeholder inquiries, providing underwriting expertise and resolving issues in a timely and professional manner. Qualifications Bachelor’s degree in business, mathematics or related field, or equivalent combination of work and education experience. 7+ years of underwriting experience within an insurance carrier (insurer-side), with direct accountability for risk selection, pricing decisions, and portfolio profitability. Experience in travel insurance or healthcare industry preferred. Demonstrated understanding of insurance pricing fundamentals (non‑actuarial), including how rates are constructed and adjusted to achieve profitability and risk appetite objectives. A Chartered Insurance Skilled Designation (CIP) or Chartered Property Casualty Underwriter (CPCU) is preferred. Attention to detail and ability to multi‑task. Ability to use financial reports to determine impact of decisions and risk management/evaluation. Ability to exercise independent judgment or initiative and function with minimal supervision. Compensation & Benefits Annualized base pay range: $76,860 - $112,000 CAD. Base pay may vary based on relevant experience, qualifications, internal equity, and geographic location. Eligible for performance-based bonuses, merit increases, and other incentives based on individual and company performance. Comprehensive benefits package that includes health, dental, and vision insurance, retirement savings plans, paid time off, and other employee programs. Eligibility is subject to plan terms and conditions. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. #J-18808-Ljbffr Allianz

Vacancy posted 4 days ago
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