Job Description

Overview:

As the Underwriter, you will develop and acquire the skills and abilities required to independently and effectively underwrite policies within a prescribed authority limit. You will be responsible for underwriting scheduled and fleet Basic Automobile policies while acquiring the skills and abilities to underwrite complex policies such as transportation package policies, which includes scheduled and fleet policies. You will become proficient at analyzing, reviewing and making decisions on underwriting risks presented to them. You will also provide claims confirmations to the Service Centres, verifying coverage and sharing required details to facilitate the settlement of claims.
Responsibilities:
Applications and Renewals

Assess and evaluate new and existing business, accept and declines submissions and prepare proposal quotes (including premium) of a moderately complex to complex nature. Ensure risk meets the underwriting standards. When standards are not being met, apply appropriate underwriting action. Exercise full independent underwriting authority on new applications and renewals for moderately complex to complex policies. Secure the appropriate approval on underwriting quotes before release to the broker. Support the underwriting process for new applications and renewals for more senior level policies. Seek pricing from Reinsurance Markets and quotes costs to brokers within established reinsurance guidelines. Completes reinsurance Bordereaux as per guidelines. Administer and monitor underwriting procedures and guidelines and insurance laws and regulations.
Mid-Term Policy Changes

Ensure that the request meets the underwriting standards. When standards are not being met, apply appropriate underwriting action. Administer letters of brokerage. Provide interpretation of requirements to Issue certificates of insurance. Review and accept / reject / modify broker issued certificates of insurance as required. Seek pricing from Reinsurance Markets and quotes costs to brokers within established reinsurance guidelines. Complete reinsurance Bordereaux as per guidelines. Make decisions and processes all forms of policy endorsements, cancellation and re-instatement requests. Participate in issuing and/or cancelling filings and bonds. Maintain direct responsibility for collection and processing of gross revenue / vehicle reports.


Confirm coverage for claims on all types of policies. Record claims occurring in the U.S.A. in the appropriate Borderaux, and also records claims that have out-of-province plates on them in the Economical Mutual Borderaux if Economical pink cards have been issued for the automobile involved. Update and make all changes to self-insured retention policy reports to ensure the report has current information. Reports may be completed on a monthly or quarterly basis. Calculate losses and the amount to bill the insured for self-insured retention portion. Send self-insured retention policy reports by email to broker, ensuring adherence to strict timelines due to time sensitivity. Respond to enquiries from brokers, adjusters, insureds, internal accounting departments, Motor Carrier Division - Safety Program, Fair Practices and Customer Relations, MPI staff, and Transportation Safety Board of Canada. Provides any follow-up that may be required. Complete Retail Sales Tax forms as required. Attend meetings as required, including daily workflow and monthly departmental meetings. May provide guidance on specific tasks to administrative support team as required. Complete special assignments as requested by the SRE leadership team.

Qualifications:

Education & Experience:High school diploma or equivalent. Three courses from the Chartered Insurance Professional (CIP) program.

OR

Diploma in business administration, commerce or related discipline. Two years of office or customer service experience. Experience in the insurance industry is an asset.


Technical Knowledge and Skills:Working knowledge of applicable computer software, including Microsoft Word, Excel and Outlook. Working knowledge of CARS, IWS, and SIS is a an asset. Knowledge of SRE policy wordings is an asset. Working knowledge of SRE underwriting procedures is an asset. Working knowledge of HTA, DVA, MB Insurance Act, and MPIC Act is an asset. Knowledge of Regulatory Requirements, Commercial Registration is an asset. Knowledge of Basic Autopac and Extension Products is an asset.



Employee Benefits:

Health benefits

We offer a comprehensive health benefits program that includes:flexible health, dental and vision plans health spending account travel health coverage other extended health benefits such as ambulance, massage and physiotherapy

Financial security

In an effort to support financial security, we offer:registered pension plan group, dependent, and optional life insurance coverage critical illness insurance sick leave to cover short-term disability long-term disability

Wellness

We offer programs that focus on how to better achieve a balance between work and personal commitments, as well as maintain a healthy workplace culture. This includes:vacation entitlement flexible work arrangement for eligible positions maternity, parental and adoptive leaves bereavement and family responsibility leaves employee and family assistance program mental-health programming lunch-and-learn offerings discounted gym memberships and wellness account

Diversity and inclusion

Manitoba Public Insurance believes that diversity and inclusion strengthens us. We consider ourselves to be a barrier-free organization where individual values, beliefs and practices are respected and appreciated for the diversity they bring to our work life.

Employee recognition

It's important to recognize our employees for their contributions. Not only do we recognize employees as they achieve milestone years in their careers, we also have several outlets for leaders and peers to reward each other for work well done.

Professional development

We want our employees to grow, which is why we offer support in keeping their skills up-to-date. We offer in-house training, professional development and an educational assistance program.

Safety and health

In an effort to encourage a safe and healthy work environment, we offer various safety, health and workplace policies and programs along with technical expertise and assistance to support employee activities in safety and health.