Underwriting Analyst

Department:

Facility Association

Location:

777 Bay Street, Toronto, ON

Status:

Full Time

Posting Date:

2021-03-11T05:00:00Z

Expiry Date:

Facility Association invites all persons who are passionate about insurance and interested in exploring residual and hard-to-place automobile risk to apply for the permanent full-time position of Underwriting Analyst in the Underwriting, Claims & Operations Department. 

The Facility Association operates as an independent unincorporated entity established to ensure the availability of automobile insurance to all owners and licensed drivers who are otherwise unable to obtain such coverage through the voluntary insurance market.

The primary objective of the Underwriting Team at the Facility Association is to oversee Risk Sharing Pool (RSP) Eligibility criteria, as well as administer the Facility Association Residual Market (FARM), by maintaining a thorough understanding of the Canadian Insurance Market to develop avenues for consumers to successfully (re)enter the voluntary market. 

Reporting to the Director of Underwriting, the successful candidate will support the rate filing process, execution of projects and key tasks.  As an integral part of the Underwriting Team, the Underwriting Analyst will provide support through: 

  • The creation and maintenance of reports; 
  • Ensuring underwriting manuals are up-to-date;
  • Prepare various data-driven exhibits for Committee, Internal and External Stakeholder review;
  • Act as a resource to establish parameters to obtain relevant data by way of surveys, researching emerging risks, review of legislative changes and track market activity in an effort to deepen the Facility Association’s understanding of residual auto risk to enhance the deliverance of the FARM and RSP mechanisms. 

Located in downtown Toronto, the position may require periodic travel outside of the Province. 

Responsibilities:

  • Conduct self-directed research on emerging risks; 
  • Review and provide feedback on policy and endorsement wordings; 
  • Track progress of filings;
  • Ensure all related department reports are kept up-to-date, as well as report on any changes that may impact the RSP or FARM;
  • Assist and collaborate in the design of surveys and establish criteria necessary to gather appropriate data from Member Companies and other data sources;
  • Aggregate data and create exhibits necessary to communicate results;
  • Design templates and dashboards to assist the department in meeting goals and objectives;
  • Update FARM and RSP Eligibility Manuals, co-ordinate their update on the FA website; 
  • Prepare rate and rule summary documents for inclusion in filing submissions; 
  • Establish parameters for and participate in the information gathering process with FARM Servicing Carriers; 
  • Prepare materials for Committee review; 
  • Any other duties as assigned.   

Qualifications:

  • 5 years automobile underwriting experience; 
  • Undergraduate Degree, Post-Secondary Diploma or equivalent technical experience; 
  • Must be willing to travel out-of-province.

Skill Requirements: 

  • Superior research skills; 
  • Ability to effectively work in a changing work environment (in-person/team and virtual/independent as required);  
  • Demonstrated track record in meeting deadlines, effectively working on multiple tasks under time constraints; 
  • Intermediate proficiency in MS Office, including ability to create forms in Word; 
  • Advanced proficiency in MS Excel, including ability to create pivot charts and forms to collect and organize large quantities of data; 
  • Excellent time management and organizational skills;  
  • Excellent interpersonal skills with the ability to work successfully within cross-functional teams.

Assets:

  • Working knowledge of the automobile insurance regulatory environments in the all provinces and territories; 
  • Chartered Insurance Professional (CIP) Designation, or actively working towards completion;
  • Prior experience creating macros using Visual Basic Applications (VBA);
  • Prior experience using MS Access.
  • A valid driver’s license.

Facility Association outsources its Human Resource functions to its sister organization, IBC.

Please send resume to:

Human Resources Department (HR)*
Contact: Azan Khan
E-Mail: careers@facilityassociation.com


Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance.

Please be advised that only those applicants who are selected for interviews will be contacted.

* The Human Resources Department of Insurance Bureau of Canada (IBC), provides HR services to Facility Association