Specialty Underwriting, New Graduate Rotational Program (September 2025 Start)
This job posting is no longer active.
Job ID : 7652
Category : Commercial Insurance
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Toronto, Canada
Posting Range : $48,700 - $89,800
Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.
We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.
Specialty Underwriting, New Graduate Rotational Program (September 2025 Start)
We are seeking highly motivated and talented individuals to join our Specialty Underwriting, New Graduate Rotational Program. This program is designed for students who are either about to graduate, or who have graduated within the last two years. The program will provide recent graduates with a comprehensive understanding of specialty underwriting within the insurance industry. As a participant in the program, you will have the opportunity to gain valuable experience and develop a strong foundation in specialty underwriting through a structured rotation across different areas of the business.
The program includes a structured learning plan, plenty of social opportunities to interact and meet others in the field, and access to business leaders who’ll guide and mentor you along the way. Learning through experience, you’ll have the chance to contribute to the growth of our business from the start.
When your program is complete, you'll have advanced business knowledge of the company, new skills and insights, excellent growth opportunities, and are expected to continue your career path by obtaining a role within one of the rotations.
Rotational program length: Two-years – oneyear placements in the business areas listed.
Rotation business areas: Specialty Energy and Property and Professional Lines
What can you expect in this role?
- At the junior level the incumbent is assigned risks that have a medium to high potential to generate severe losses. The underwriter is responsible for underwriting all business that does not qualify to be written through the regular branch to the high hazard of the operations.
- Support Commercial Region/Segment Leadership in obtaining timely, relevant metrics in an efficient manner to limit duplication of work with Commercial Insurance Operational lead roles.
- Assessing the risk and accepting or declining new business submissions, policy changes, and renewals.
- The incumbent will apply basic underwriting judgement that is still developing and will rely on the senior members of the team for guidance. The incumbent is building their understanding of rating structures, forms of coverage, re-insurance applications, and knowledge of hazards.
- Operational oversight
- Supports Specialty Lines in managing the roadmap for Commerical Insurance initiatives (e.g., KPI measurement enhancements, process improvements, and alignment) – including risks / issues, reporting on progress against milestones.
- Supports governance and oversight of Commercial Insurance initiative tracking, communication and escalations.
- Project and focused assignments
What do you bring to the role?
- Degree or diploma in business, economics, or a relevant discipline
- Strong financial acumen
- Willingness to obtain your Chartered Insurance Professional (CIP) or Registered Professional Liability Underwriter (RRLU) designation
- Excellent problem solving, analytical, and communication skills
- Positive and can-do-attitude
- Collaborative; team player
- Ability to adapt to a changing work environment
Application Process:
Submit your cover letter, resume, and academic transcripts (either unofficial or official) in one PDF document under the resume section online by September 30, 2024.
Interview:
You will be asked to complete a screening interview with a member of our Campus Recruitment Team as part of our first-round selection process
Those invited back for the last round will participate in an in-person interview at our Toronto office location
If you have any questions about Definity’s Graduate Rotational Programs, contact our campus recruitment team at [email protected]
Salary Range: $48,700 - $89,800
#IND1
We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.
Go ahead and expect a lot — you deserve it, and we’ve got it:
- Hybrid work schedule for most roles
- Company share ownership program
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting: [email protected]
Background checks
This role requires successful clearance of a background check (including criminal checks and leadership references).
#LI-Hybrid
