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 to in-office days (Tuesdays and Thursday) at our office in Cambridge, Ontario
What you will do
- 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.
What you will bring
- 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 Professional Designation (CIP), Chartered Property Casualty Underwriter (CPCU) is preferred.
- Attention to detail and ability to multi-task.
- Ability to use financial reports to determine impact of decision and risk management/evaluation.
- Ability to exercise independent judgment or initiative and function with minimal supervision.
What we offer
Annualized base pay range is $76,860 - $112,000. CAD
Actual base pay may vary based upon factors such as relevant experience, qualifications, internal equity of peers, and geographic location. Employees may also qualify for performance-based bonuses, merit increases, and other incentives based on individual and company performance. The availability and amount of these additional compensation elements are determined by company policy and may vary.
Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey.
We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to providing you with peace of mind and give the flexibility in planning and arranging for a better work-life balance. We offer a comprehensive benefits package that includes health, dental, and vision insurance, retirement savings plans, paid time off, and other employee programs. Eligibility for benefits is subject to plan terms and conditions, and may vary based on position and/or employment status.
At Allianz we use some AI-assisted technology as part of our recruitment process to help match candidates to roles based on skills, experience, job title, and location. AI supports our recruiters by enhancing the efficiency and accuracy of candidate assessments and job recommendations, while all applications are reviewed by our recruitment team and final hiring decisions are made by humans.
This posting is for an existing vacancy.
How We Hire
Allianz Partners does not accept unsolicited CV’s or approaches from agencies. We only work with partners on our approved supplier lists, under contract. Any unsolicited submission will not be considered.
96201 | Underwriting | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in theworld. Caring for our employees, their ambitions, dreams and challenges, is what makes us aunique employer. Together we can build an environment where everyone feels empoweredand has the confidence to explore, to grow and to shape a better future for our customersand the world around us.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, andwe are dedicated to consistently advocating for equal opportunities for all. And the foundationfor this is our inclusive workplace, where people and performance both matter, and nurturesa culture grounded in integrity, fairness, inclusion and trust.
We therefore welcome applications regardless of race, ethnicity or cultural background, age,gender, nationality, religion, social class, disability or sexual orientation, or any othercharacteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.
