Job Opportunities: Director, Underwriting Excellence & Compliance (8672)
Wawanesa InsuranceJob ID: 8672
Working Business Language: English; this role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English
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Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan.
The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $130,000- $180,000. Candidates with salary expectations outside of the range are still encouraged to apply.
About Us
At Wawanesa, we’re proud to offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto, ON; Kitchener, ON; Thunder Bay, ON; Ottawa, ON; Montreal, QC; Moncton, NB; Dartmouth; NS
The Wawanesa Mutual Insurance Company (“Wawanesa Mutual”), founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,600 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. To learn more visit wawanesa.com.
We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
Job Overview
The Director, Underwriting Excellence & Compliance is a result driven, collaborative leader who contributes to Wawanesa’s success by directing, planning, and implementing national strategies and initiatives to support achievement of business goals for Personal Lines across Canada. This Director will lead the first line controls for compliance governance for Personal Lines Auto and Property Products, and provides guidance on underwriting strategy, national improvement initiatives and governance.
Job Responsibilities
- Ensure that Personal Lines Rating and Products changes meet the various regulatory requirements.
- Accountable for first line compliance oversight working closely with second line compliance resources for all necessary regulatory reporting of rating, product or underwriting errors that may occur.
- Lead a team of specialists that manage the rating, product or underwriting defect resolution process including triage of reported defects and work in conjunction with Application Delivery teams to develop suitable resolution, create remediation plans, and generate all related reporting.
- Maintain an in-depth knowledge of market dynamics and product trends, the competitive environment, economic changes or trends, regulatory actions and decisions.
- Participate and contribute to the development of personal lines underwriting strategies and business plans.
- Lead national initiatives that support the strategic direction and financial targets of personal lines in Canada, collaborating with cross-function teams to ensure timely and efficient implementation.
- Oversee the development, communication, and maintenance underwriting guidelines, procedures and processes for personal lines.
- Comprehensively analyze initiatives and recommend an informed course of action on initiatives and action plans to drive results.
- Oversee the development and execution of strategic roadmaps to ensure projects and initiatives have appropriate business resources and align to our organizational strategies.
- Develop the training strategy for personal lines of business, working in partnership with various other teams to establish national training priorities and delivery schedule.
- Provides leadership to attract/retain high quality talent.
- Creates an environment that encourages productivity, collaboration, teamwork, a high level of professionalism, learning and development across the underwriting function.
- Commitment to continuous learning and leadership development.
- Perform other duties as assigned.
Qualifications
- Minimum of ten years Property and Casualty industry experience, with five years in a leadership role.
- University degree in Business, Law, or related field.
- Well-honed ability to understand, interpret and apply legislation, regulations, and regulatory guidance in a business setting.
- A thorough understanding of compliance, monitoring, and reporting frameworks, a proven pragmatic approach to dealing with compliance requirements.
- Expert leadership skills with the ability to influence and gain respect, credibility, and confidence from others.
- Possess personal characteristics of a strong leader – including personal resilience, adaptability, self-awareness, and the charisma to develop and communicate a vision with passion.
- Ability to make excellent and well justified decisions in complex and high-pressure situations.
- Excellent organizational and time management skills, including the ability to manage and execute multiple projects within required timelines and expectations.
- Strong business acumen with excellent analytical and problem-solving skills with the ability to recognize and identify critical issues.
- Ability to maintain discretion in recognizing, protecting, and adhering to absolute confidentiality of highly sensitive or confidential information.
- Ability to synthesize information from various sources, independently identify and resolve problems quickly, using strong decision-making skills to achieve the appropriate result.
- Must be able to multi-task, take initiative, and work well independently with strong process orientation.
- Excellent ability to collaborate with a variety of team members and other colleagues to achieve superior outcomes.
- Ability to innovate and pivot quickly.
- Strong knowledge of Microsoft Office Suite.
- Bilingualism (French and English) is an asset.
- Ability and willingness to travel.
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Wawanesa is proud to be one of Manitoba’s Top Employers, a Kincentric Best Employer in Canada and a Forbes Best Employer in Canada recognizing an exceptional place to work!
Diversity Equity, Inclusion & Belonging
Wawanesa is an equal opportunity employer and is committed to fostering a diverse workforce that is equitable and inclusive for all. Wawanesa provides equal employment opportunity to all employees and applicants without regard to an individual’s protected status: race/ethnicity, colour, religion, creed, sex or gender, sexual orientation, gender identity or expression, family or marital status, pregnancy/childbirth or related conditions, national origin, disability, military or veteran status, or any other protected status. Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process. Candidates requiring reasonable accommodations may contact, in confidence, jobs@wawanesa.com.
If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.