Product Underwriting Specialist, Auto

This is a fully remote position, open to applicants in Canada.

📋 Description

• Design and execute internal underwriting strategies, product offerings, and adaptations to regulatory changes or compliance evaluations.

• Develop and keep current underwriting manuals, guidelines, and resource libraries.

• Assess and analyze intricate files to provide expert assistance for claims and legal teams.

• Analyze and utilize data insights for effective decision-making and strategic prioritization.

• Perform comprehensive research on emerging markets, innovative products, and changing risk environments.

• Review and authorize complex underwriting files and significant decisions as deemed appropriate.

• Create and implement remediation strategies for system errors and oversee regulatory reporting documentation.

• Keep an eye on market trends, industry changes, and regulatory updates.

• Monitor and report on product performance to ensure long-term growth and stability.

• Collaborate with leadership and cross-functional teams, including product and underwriting management, marketing, claims, and operations.

⛳️ Requirements

• A degree or diploma in business, commerce, economics, insurance, or marketing, or equivalent professional experience.

• At least 3 years of continuous personal lines automobile insurance underwriting or product development experience.

• Specific expertise with ICBC Autoplan and optional coverages in British Columbia.

• Familiarity with the insurance legislation and regulatory framework in the relevant province.

• Experience in conducting wording analysis to identify coverage gaps and formulate new wording in plain language.

• Experience working on projects within a fast-paced, cross-functional environment.

• Experience in developing supplementary resources or training materials.

• High proficiency in Microsoft Office applications and capability to learn new technologies.

• CAIB, CIP, or FCIP designation is preferred.

• Proficiency in English; knowledge of French is a plus.

🏝️ Benefits

• 3 weeks of vacation to start, plus an additional week after 3 years.

• Flexible medical, dental, vision, and extended health care coverage.

• Long-term disability coverage.

• Paid in-house and external training provided by Square One.

• Option for full remote work.

• Company profit share plan.

• Competitive compensation and benefits package.