About this role
Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.
This position is being posted to fill an existing vacancy.
Interested in this role, but don’t meet every requirement? We encourage you to apply! We know from experience that a candidate doesn’t need 100% of the qualifications listed to bring incredible value to our team. We’re actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren’t just “nice to have” — they’re essential to our success.
What’s in it for you?
- Hybrid work schedule for most roles
- Company share ownership program
- Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
- 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
Go ahead and expect a lot — you deserve it.
It’s better here — but don’t take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.
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].
As part of Definity’s commitment to reconciliation, we acknowledge that our work, meetings, and travel take place on the lands now known as Canada, and recognize the enduring presence, wisdom, and stewardship of the First Nations, Métis, and Inuit peoples who have long cared for these lands.
Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).
#LI-Hybrid
The Opportunity
We are currently seeking a highly motivated and experienced Account Executive Officer, Financial Lines, to join our team. Reporting to the Managing Account Executive, you will be responsible for producing and underwriting new and renewal Private and Non-Profit (PNP- Directors and Officers, Employment Practices Liability, Fiduciary and Crime) business.
In this pivotal role, you will act as a key representative of Definity in the market, building and maintaining robust relationships with our broker partners, driving profitable growth and delivering exceptional service and expertise. You will also serve as a local expert and a mentor for other team members in the region.
What to Expect
- Assess, price, and negotiate terms on complex new and renewal Financial Lines business in accordance with Definity’s underwriting guidelines.
- Make appropriate decisions within your underwriting authority and provide sound recommendations to leadership.
- Continuously manage your book of business to maintain quality and achieve superior financial results (premium, loss ratio, retention) and ensure all underwriting documentation is accurate and adheres to company standards.
- Develop and execute strategic sales plans to achieve business objectives with your assigned brokers while cultivating and managing strong, proactive relationships with key broker partners through a high level of visibility and a disciplined sales management approach.
- Actively identify and pursue new business opportunities and cross-sell other Definity products while demonstrating superior customer service standards, including quick response times and deep product knowledge.
- Monitor industry trends, legal developments, and competitor activities within the Professional and Management Liability space.
- Provide guidance, technical support, and mentorship to junior underwriters and support staff within the team, while actively participating in and leading regularly scheduled sales meetings.
What You Bring
- Minimum of 5 years of commercial/financial lines underwriting experience, with a strong preference for experience in Private and Non-Profit liability.
- University degree, preferably with a focus in Commerce, Economics, Finance, or Accounting.
- Thorough understanding of Financial Lines policy wordings, pricing models, risk assessment techniques, and current insurance trends.
- Exceptional negotiation, presentation, and communication skills tailored to building strong broker relationships.
Salary Range:$107,800-$157,800