Shape Your Future With Us
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re currently offers an excellent opportunity for a Senior Underwriter to work in the Gen Re Life and Health operations based in our Toronto office. Preference will be given to those candidates in the Toronto or Kitchener-Waterloo areas. This is a hybrid role.
Role Description
Reporting to the local Chief Underwriting Officer, the Senior Underwriter will be responsible for applying sound underwriting judgement in evaluating facultative risks referred by client companies. The successful candidate must have the capacity for the timely turnaround of cases which meet agreed client service standards and ensure that the highest quality of service delivery is met.
The successful candidate should possess the motivation and aptitude to assume more strategically focused responsibilities in the longer term. It is critical that the Underwriting Consultant be attracted to the prospect of working in an entrepreneurial environment and that he/she possesses the communication skills and confidence necessary to engage, on a daily basis, with senior level clients and colleagues. He/she will play a critical role in raising the profile, as a member of “the Company’s” service offerings in Canada and supporting its corporate objectives.
Key Responsibilities include:
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Provide sound underwriting judgement on all facultative cases, within approval limits, while holding signing authority of $1 to $3 million.
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Respond to client queries by providing technical support, informed opinions and general counsel as a trusted partner and underwriting SME.
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Develop and maintain effective working relationships with clients through daily communication and by visiting them at their home offices.
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Regularly update and maintain the most current underwriting requirements on behalf of clients.
- Provide support for Actuarial, Administrative and Marketing departments and periodically work on ad hoc inter-departmental projects.
- Periodically undertake client audits to ensure adherence to agreed customer risk profiles, underwriting policies, and operational processes.
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Contribute to initiatives that improve operational efficiencies, mitigate enterprise-wide risk, and ensure that the standards of underwriting and auditing policies are met.
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Represent the Branch at national and regional underwriting meetings, conferences, and industry workshops.
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Keep abreast of evolving underwriting practices and consistently research industry trends, sharing valuable learnings with the Chief Underwriting Officer and the rest of the senior leadership team.
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Document and present the results of client visits to the senior leadership team as necessary.
- Establish, promote, and develop effective business relationships with internal colleagues.
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When directed can support the review of contestable claims.
Role Qualifications and Experience
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University level education ideally in a business, finance or economics-related discipline, combined with at least 8 years of underwriting experience with expertise in life underwriting and preferably with both critical illness & disability underwriting.
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FLMI, AALU or FALU designation is desirable, or underway, or a commitment to immediately undertake skills and leadership training and accreditation.
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Proven track record in managing underwriting and client management responsibilities effectively, ensure the highest quality of performance and professional service.
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Refined verbal and written communication skills with ability to articulate complex information to internal and external stakeholders in a clear, concise and focused manner.
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A self-sufficient and resourceful underwriting professional who demonstrates flexibility, efficient time management skills and the ability to prioritize.
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Adheres to internal procedures and policies and performs all duties with goal of maximizing shareholder value.
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Acts as a role model within and outside the organization and espouses its goals and values, promoting best practices and actively seeking ideas and diverse perspectives.
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Holds high standards of integrity, loyalty and commitment and is adept in earning the trust and confidence of colleagues and clients.
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A self-sufficient and resourceful underwriting professional who demonstrates flexibility, efficient time management skills and the ability to prioritize workloads.
Salary Range
90,000.00 - 105,000.00 CAD
The successful candidate will be paid a competitive compensation package, commensurate with the level, status and responsibilities of the role.
Our Corporate Headquarters Address
General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
