Senior Corporate Underwriter

As Sr. Corporate Underwriter you will manage the day-to-day operation of the Underwriting function. Provide guidance on the complex Underwriting situations, ensuring the risk accepted is appropriate and in line with the organizational goals and strategy. Create, manage, refine and maintain Underwriting controls. Coordinate work activities to achieve the volume expected to meet operational requirements. Recognize and recommend operational improvements. Responsible for the day-to-day application of organizational policies and procedures from a local, regional and global level.

This is a corporate underwriting role focused on owning underwriting decisions, pricing logic, and portfolio profitability. It is not an operational, broker, or intermediary underwriting position.

Way of working: This position follows a hybrid work schedule to include to in-office days (Tuesdays and Thursday) at our office in Cambridge, Ontario

What you will do

• Build and lead a high‑performing underwriting culture; attract, retain, and engage associates while effectively communicating across all levels.
• Develop, evaluate, and apply underwriting pricing logic, including understanding and applying key non‑actuarial pricing inputs such as loss experience, expense assumptions, margin targets, risk loadings, and market conditions. Support new business launches, renewals, pricing implementation, and RFP activities.
• Analyze underwriting data to assess portfolio and product‑level profitability, including loss ratios, expense ratios, and contribution to P&L; make and defend underwriting decisions based on financial impact.
• Prepare and deliver standardized and ad‑hoc reports in line with regional, global, and reinsurance requirements; monitor KPIs and metrics.
• Maintain and apply underwriting guidelines, manuals, and the four‑eye review principle in alignment with company strategy.
• Exercise independent underwriting authority within delegated limits, making pricing and risk decisions. Collaborate with lines of business to support pricing decisions, product development, and consensus-building.
• Build and maintain strong relationships with internal and external stakeholders; respond to underwriting inquiries and projects.
• Identify, recommend, and support process and workflow improvements to enhance efficiency and service standards.
• Work effectively in an environment shaped by artificial intelligence (AI), machine learning, data analytics, and cloud‑based tools, using insights responsibly and in alignment with our standards for data governance, security, and ethical use.

What you will bring 

• Bachelor’s degree in business, Mathematics or related field or equivalent combination of work and education experience.
• 7+ years of underwriting experience within an insurance carrier (insurer-side), with direct accountability for risk selection, pricing decisions, and portfolio profitability.
  Experience primarily limited to broker, MGA, or intermediary roles where pricing and underwriting authority resided with partner insurers will not meet the requirements of this role.
• Experience in travel insurance or healthcare industry preferred.
• Demonstrated understanding of insurance pricing fundamentals (non‑actuarial), including how rates are constructed and adjusted to achieve profitability and risk appetite objectives.A Chartered Insurance Professional Designation (CIP), Chartered Property Casualty Underwriter (CPCU) is preferred.
• Attention to detail and ability to multi-task.
• Ability to use financial reports to determine impact of decision and risk management/evaluation.
• Ability to exercise independent judgment or initiative and function with minimal supervision.

What we offer

Annualized base pay range is $76,860 - $105,000. CAD

Actual base pay may vary based upon factors such as relevant experience, qualifications, internal equity of peers, and geographic location. Employees may also qualify for performance-based bonuses, merit increases, and other incentives based on individual and company performance. The availability and amount of these additional compensation elements are determined by company policy and may vary.

Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey.

We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to providing you with peace of mind and give the flexibility in planning and arranging for a better work-life balance. We offer a comprehensive benefits package that includes health, dental, and vision insurance, retirement savings plans, paid time off, and other employee programs. Eligibility for benefits is subject to plan terms and conditions, and may vary based on position and/or employment status. 

At Allianz we use some AI-assisted technology as part of our recruitment process to help match candidates to roles based on skills, experience, job title, and location. AI supports our recruiters by enhancing the efficiency and accuracy of candidate assessments and job recommendations, while all applications are reviewed by our recruitment team and final hiring decisions are made by humans.

This posting is for an existing vacancy.

How We Hire

Allianz Partners does not accept unsolicited CV’s or approaches from agencies. We only work with partners on our approved supplier lists, under contract. Any unsolicited submission will not be considered.

96201 | Underwriting | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. 

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.