Senior Underwriter - Construction (Remote First) at Zensurance

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, InsurTech, ConstructionIndustries

Requirements

5-7 years of commercial underwriting experience specializing in construction and/or P&H risks
Experience underwriting heat application roofing and commercial snow removal risks is an asset
CIP, CRM or FCIP is an asset
Experience working with an MGA or program specific division of an Insurance Company
Track record of achieving premium and bind ratio targets
Ability to build relationships both with markets and brokers
Ability to utilize collaboration skills while taking ownership of projects

Responsibilities

Underwrite and manage a book with a focus on construction risks
Meet premium and bind ratio targets while maintaining a disciplined underwriting approach
Contribute to operational efficiency, ensuring streamlined processes and data-driven decision-making
Collaborate with leadership to shape the growth and profitability strategy for the new program
Provide input on pricing strategy to ensure market competitiveness
Collaborate on underwriting guidelines, wordings, endorsements, extensions, and exclusions based on appetite expansions, customer demand, and evolving offerings in the marketplace
Develop and strengthen relationships with Zensurance brokers, acting as a trusted partner in the marketplace
Other duties as assigned

Skills

Key technologies and capabilities for this role

UnderwritingConstruction RisksRisk ManagementPricingBroker RelationsPortfolio ManagementInsurance AnalyticsMentoringData-Driven Decision MakingOperational Efficiency

Questions & Answers

Common questions about this position

What experience is required for the Senior Underwriter - Construction role?

Candidates need 5-7 years of commercial underwriting experience specializing in construction and/or P&H risks, with experience in heat application roofing and commercial snow removal as an asset. A track record of achieving premium and bind ratio targets, plus experience with an MGA or program-specific division, is also required.

Is this Senior Underwriter position remote?

Yes, this is a remote-first position.

What does Zensurance's company culture emphasize?

Zensurance values ownership, collaboration, and innovation, with a team that thrives on solving complex challenges, challenging the status quo, and making a real impact in a fast-growing, customer-focused company.

What salary or compensation does this role offer?

This information is not specified in the job description.

What makes a strong candidate for this Senior Underwriter position?

Strong candidates have 5-7 years of construction underwriting experience, designations like CIP, CRM, or FCIP, a proven track record meeting targets, and skills in building broker relationships while demonstrating ownership and collaboration.

Zensurance

Simplifies commercial insurance for small businesses

About Zensurance

Zensurance simplifies the process of obtaining commercial insurance for small businesses in Canada. Acting as a brokerage, it connects small business owners with various insurance providers to offer products like liability insurance, cyber liability insurance, and commercial auto insurance. By utilizing advanced technology, Zensurance reduces operational costs, allowing them to provide competitive rates and a streamlined purchasing experience. Unlike many competitors, Zensurance offers 24/7 support through a dedicated claims team, ensuring clients receive assistance whenever needed. The company's goal is to empower small businesses by making insurance accessible and affordable, while also providing educational resources to help owners understand their insurance needs.

Toronto, CanadaHeadquarters

2016Year Founded

$13.2MTotal Funding

ACQUISITIONCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Remote Work Options

Hybrid Work Options

Comprehensive and Flexible Health and Dental Plans

Health Savings Account/Flexible Spending Account

Parental Leave

Home Office Stipend

Risks

Increased competition from InsurTech startups may erode market share.

Rising customer expectations require continuous innovation in technology and services.

Potential regulatory changes in Canada could impact operations and compliance costs.

Differentiation

Zensurance simplifies insurance for small businesses with a tech-driven approach.

They offer curated insurance packages tailored to specific industry needs.

Zensurance provides 24/7 claims support, enhancing customer satisfaction and loyalty.

Upsides

AI-driven underwriting enhances personalized insurance offerings for small businesses.

Embedded insurance trends offer new distribution channels for Zensurance.

Growing demand for cybersecurity insurance aligns with Zensurance's product expansion.

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