Sr Corporate Underwriter Specialist - Underwriting Excellence
Munich Re View all jobs
- Toronto, ON
- $142,650-166,425 per year
- Permanent
- Full-time
- Deliver expert underwriting oversight and service aligned with Company guidelines and risk appetite.
- Drive measurable improvements in underwriting consistency, accuracy, and effectiveness across MGA and delegated underwriting programs.
- Execute comprehensive audit programs that identify trends, control gaps, and opportunities for improvement.
- Act as a trusted advisor to internal stakeholders, MGAs, brokers, clients, and reinsurance partners.
- Identify, assess, and document underwriting risks, exposures, deficiencies, and trends; provide clear, actionable recommendations and track remediation.
- Conduct complex file reviews and portfolio analyses to assess underwriting quality, pricing adequacy, risk selection, coverage application, and adherence to delegated authority agreements.
- Review client compliance with Provincial and National regulations with respect to internal risk management and reporting.
- Analyze trends across audit findings to identify root causes and recommend systemic improvements to underwriting governance frameworks, processes, and controls.
- Perform risk assessments of underwriting practices providing risk ratings and prioritized recommendations.
- Lead remediation planning and track implementation of corrective actions, escalating critical issues as appropriate.
- Develop audit documentation, reporting templates, and dashboards that communicate findings and trends to key stakeholders.
- Contribute to the development and continuous improvement of underwriting governance frameworks and audit standards
- Contribute to the development of underwriting policies, guidelines, and authority matrices based on audit insights and industry developments
- Provide timely, knowledgeable, and professional underwriting service by responding to audit-related, underwriting, and service inquiries from MGAs, brokers, clients, and reinsurance partners.
- Lead complex discussions with MGAs, brokers, and reinsurance partners regarding audit findings, remediation requirements, and underwriting best practices.
- Partner with Business Development Representatives, Underwriting Managers, and operational teams to ensure quality, consistency, and accuracy of underwriting documentation.
- Create, review, and present underwriting findings, proposals, and recommendations to business partners and internal leadership.
- Support negotiations with MGAs, brokers, clients, and reinsurance stakeholders as required.
- Build and maintain strong working relationships with internal stakeholders across Underwriting, Claims, Actuarial, Compliance, Legal, and Business Development.
- Act as an ambassador for underwriting best practices, operational efficiency, and continuous improvement.
- Liase with Underwriting Excellence teams across the group companies to share best practice and align on underwriting excellence and audit group practices.
- Participate in MGA onboarding, renewals, and delegated authority reviews.
- Cultivate trusted advisor relationships with key MGAs, brokers, and reinsurance partners.
- Participate in industry associations, conferences, and forums, representing the Company in underwriting excellence and MGA governance discussions.
- Mentor and coach underwriters, business development team, and MGA personnel on underwriting best practices, risk assessment techniques, and compliance requirements.
- Share audit insights and lessons learned across the organization to drive continuous learning.
- University degree or college diploma in related fields.
- CIP designation or active enrollment in the CIP program with a clear path to completion (FCIP or CRM considered an asset).
- 7+ years of progressive experience in Commercial Property & Casualty insurance, Equipment Breakdown with exposure to underwriting audit, quality assurance, or delegated authority environments.
- Proven record of accomplishment working with MGAs, brokers, delegated underwriting authority programs, and reinsurance partners.
- Demonstrated experience identifying, assessing, and evaluating complex risks and exposures, determining appropriate premiums, policy terms, and conditions, and obtaining required approvals.
- Proven stakeholder management skills, including the ability to influence, negotiate, and build credibility with MGAs, brokers, clients, and internal teams.
- Expert understanding of delegated authority structures, binding authority agreements, and MGA operations.
- Experience developing audit frameworks or quality assurance programs considered a strong asset.
- Exceptional analytical skills with ability to synthesize complex information, identify patterns, and draw meaningful conclusions.
- Data-driven approach with ability to develop metrics, analyze trends, and measure effectiveness.
- Outstanding written communication skills for preparing clear, concise audit reports, findings, and recommendations
- Excellent verbal communication and presentation skills, with confidence presenting to executive leadership, and large groups
- Strong interpersonal skills with ability to build credibility and trust across diverse stakeholders
- Proven ability to influence and drive change without direct authority
- Ability to mentor, coach, and develop others in underwriting and audit practices
- An engaging and collaborative environment that promotes continuous learning and development
- A hybrid work environment that combines weekly in-office and remote days
- A great compensation package including an annual company bonus
- Competitive company-paid flexible health and dental benefits, starting on your first day
- Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
- Wellness program with tools and resources supporting your mental, physical, and financial wellbeing - on and off the job
- Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
- Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
- Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
- Employee Referral Program and Recognition Program