Company: Sovereign Insurance
Department: Spec Lines Solutions
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: Bilingualism in English and French is required.
Additional Information: This role is currently vacant
The Opportunity:
At Sovereign Insurance, a wholly owned subsidiary of The Co-operators General Insurance Company, we believe leadership is shaped by purpose, collaboration, and meaningful contribution. When you grow, we grow — your success crowns ours.
We value diverse perspectives, bold ideas, and people who lift others up. Here, your initiative matters, and your efforts help build the resilience of the Canadian businesses and communities we serve.
That shared commitment strengthens our culture and moves us forward — together. That’s the Crown Effect.
Reporting into the Sr Manager, Technology, Cyber and Professional Lines (TC PL), the role will serve to support the Tech Cyber & Professional Liability team in the administration, analysis, and governance of delegated authority (Broker and MGA program) business. This role contributes to the consistent execution of Sovereign’s underwriting and governance framework by assisting with program referrals, underwriting review, and audit activities. This role works under close supervision of senior members from the Tech Cyber and Professional Liability team members and management to ensure program submissions, audits, and performance reporting are completed accurately and in alignment with underwriting standards and corporate risk appetite. Judgement is exercised within defined guidelines and procedures, with supervisory support provided where uncertainty exists.
How you will create impact:
- Assess risk factors in market conditions to determine appropriate premium rates for programs. Utilized actuarial tools, historical data, and market insights to establish competitive pricing while ensuring profitability and effective risk management.
- Monitor and evaluate the performance of the broker and MGA program portfolio, including policy retention, loss ratios, and profitability, implementing risk mitigation strategies to optimize results.
- Provide underwriting support for existing and new programs, including underwriting audits, risk referrals, wording and pricing reviews, and due diligence to maintain profitable and compliant relationships.
- Collaborate with Senior Underwriters to review underwriting methodologies, guidelines, processes, and pricing structures to ensure alignment and business objectives and market conditions.
- Leverage data and analytics to foster a deeper understanding of broker and partner performance, enhancing risks selection portfolio management and client solutions.
- Conduct market research and analysis to identify emerging trends competitive landscape and new business opportunities within the program space provide insights and recommendations for product development and enhancement.
- Build and maintain strong relationship with brokers MGA's and internal partners including claims actuarial legal and compliance to ensure effective collaboration and timely resolution of underwriting matters
- support the development of underwriting frameworks guidelines and documentation while ensuring compliance with regulatory requirements and contributing to corporate goals related to profitability and premium growth
To join our team:
- Chartered Insurance Professional (CIP) Designation is an asset.
- 1-2 years of insurance industry experience preferred but not required.
- Superior oral and written communication skills and the ability to deliver presentations and communicate ideas clearly.
- Proficiency in both English and French is essential to the main duties in this role, including servicing and communicating primarily with majority anglophone and francophone clients, groups, and teams. The essential non-French duties are not assignable to adjacent or other team members.
How you will succeed:
- You thrive on delivering our exceptional client experience through positive and engaging relationships; embracing accountability to achieve effective results.
- You ensure your day to day actions are in harmony with the company’s purpose, vision, and values even when challenged.
- You are open and adaptable to changing conditions with a natural curiosity to explore and try new approaches.
- You value cooperative and collaborative dialogue because diverse perspectives offer more creative and productive solutions.
What you need to know:
- You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
What’s in it for you?
- The opportunity to take on challenging work and contribute your expertise, creativity, and passion in meaningful ways.
- A comprehensive total rewards package, including competitive salary, bonus, paid time off, pension and benefits.
- A holistic approach to your well-being, with physical and mental health programs and flexible work options.
- The opportunity to work on an inclusive team who inspire each other to explore and achieve what’s possible.
- A company that is committed to support the social, environmental and financial well-being of the lives, families and communities we impact.
Salary information
Expected salary range $50,280 to $83,800
Salary placement
“The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.”
Incentive/Variable pay
“Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.”
