Underwriting Construction Analyst

Join Us as an Underwriting Construction Analyst

Who We Are

Tokio Marine Canada (TMCan) is a Canadian early-stage entrepreneurial commercial P&C insurer based in Toronto. We partner with select brokers to deliver tailored business insurance solutions across Canada. As part of the Tokio Marine Group, we are able to collaborate under a shared framework while maintaining autonomy and local decision making.

We support Canadian businesses in taking smart risks by delivering practical insurance solutions and exceptional service through trusted broker partnerships.

The Opportunity

Provide underwriting and operational support to underwriters focused on Builders Risk insurance, including Construction All Risks (CAR) and Erection All Risks (EAR). The role supports technical evaluation of contract works and project property exposures by preparing and quality-checking submissions and policy documentation, maintaining accurate file and exposure data (e.g., sums insured, project schedules, T&C), and delivering analysis, reporting, and audit support.

This position is ideal for a candidate who is detail-oriented, comfortable in Excel, and interested in construction project underwriting and portfolio analysis, with opportunity to grow into an underwriting role over time.

What You’ll Be Doing

You are a collaborative, positive, and self-motivated team player who thrives on a lean team, can come up to speed quickly, and is comfortable managing multiple priorities in a changing environment.

Provide day-to-day administrative and operational support to Construction underwriters; set up and maintain contractor, broker, and project files and records of correspondence.

Triage new business and renewal submissions; prepare complete Builders Risk (CAR/EAR) submission packages for underwriting review and quoting, including key project details (e.g., location, scope, construction/erection type, values, construction period, testing/commissioning details, and project schedule) and supporting documentation as applicable.

Coordinate and follow up with key project stakeholders (e.g., insured/owner, general contractor, principal subcontractors, project manager, broker, lender’s/owner’s representative, and loss control) to obtain, validate, and organize technical project documentation and data, such as statement of values/sum insured breakdown, contract value split (materials/labour/fees), construction schedule and milestones, drawings/specifications, site plan and geotechnical information, construction methodology, temporary works details, testing/commissioning plan, OCP/Wrap-up evidence (if applicable), and contract terms/insurance requirements.

Perform data entry and maintenance in the policy administration system; ensure files meet electronic file standards for completeness, compliance, and quality (including key construction risk information and forms).

Prepare policy documents for issuance and service; process routine transactions and issue certificates under underwriter supervision and within authority guidelines, supporting Builders Risk/CAR/EAR policies (and extensions such as off-site storage, transit, and expediting expenses where applicable).

Support risk assessment and quoting by populating underwriting tools, gathering required information, and performing initial technical review for Builders Risk/CAR/EAR, including project type and scope, construction/erection methodology, contract works vs. principal’s existing property interface, site conditions and protections (security, fire protection, hot works controls), CAT/secondary perils exposure (flood, wind, earthquake), temporary works, transit/off-site storage exposures, testing/commissioning and start-up phases, maintenance period requirements, limits/deductibles and sublimits, and DSU/ALOP inputs where applicable, using established resources.

Compile, validate, and analyze Builders Risk/CAR/EAR underwriting and portfolio data; maintain metrics, dashboards, and reports; and provide ad-hoc analysis to support underwriting decisions and identify trends (e.g., project size/values, occupancy/type, geography, CAT exposure, attachment points/deductibles, loss drivers, and rate/price adequacy).

Support underwriting audits by gathering Builders Risk/CAR/EAR account and project documentation, verifying data accuracy, and helping address audit findings.

Monitor data quality and assist with compliance to underwriting guidelines, policy wordings/forms, and regulatory requirements, including documentation supporting contract and certificate requirements where applicable.

Identify process and tool improvement opportunities across construction submission intake, appetite review, pricing/capacity review, quote, bind, issue, service, and renewal workflows; provide clear, data-informed recommendations.

Collaborate with cross-functional partners (e.g., underwriting, finance, operations, risk management, claims, and loss control) to support effective construction underwriting decisions and continuous improvement.

Attend industry events and help build relationships with brokers, contractors, and partners to stay informed on construction market conditions, emerging exposures, and industry trends.

Other duties as assigned.

Who You Are

You are a collaborative, positive, and self-motivated team player who thrives on a lean team, can come up to speed quickly, and is comfortable managing multiple priorities in a changing environment.

You bring:

The ideal combination of education and experience:

Bachelor’s or College degree in Finance, Business, Economics, Accounting, Mathematics, or a related discipline (or equivalent combination of education and experience); university degree or college diploma considered.

3–5 years of relevant experience in property & casualty insurance, ideally supporting Builders Risk/CAR/EAR (construction project) underwriting.

Experience in underwriting support, policy administration, or financial/business analysis; familiarity with Builders Risk/CAR/EAR submissions, documentation, and project data capture is an asset.

Takes initiative; self-motivated with a can-do attitude.

Strong attention to detail and quality; able to manage multiple priorities and meet deadlines.

Comfortable with ambiguity; able to adapt in a changing environment.

Strong analytical skills; able to interpret data and translate insights into improvement opportunities (e.g., construction loss drivers and portfolio trends).

Able to review and organize Builders Risk/CAR/EAR documentation and exposure data (e.g., statement of values/sum insured breakdown, contract works description, construction schedule and milestones, testing/commissioning plan, site protections/security details, CAT/flood information, contract terms/insurance requirements, and certificate/endorsement details) with strong attention to detail.

Excellent written and verbal communication skills (English) and strong relationship-building skills to support effective collaboration with brokers, underwriters, and internal stakeholders.

Proficient with Microsoft 365, with strong Excel skills (e.g., formulas and pivot tables) and working knowledge of Word, PowerPoint, Outlook, and Teams.

Strong organization, planning, and time-management skills; basic project coordination skills are an asset

Bilingualism in French and English is ideal but not required

This posting is for an existing vacancy at Tokio Marine Canada. We are actively hiring for this position and encourage qualified candidates to apply.

Tokio Marine Canada may use AI tools during the recruitment process to assist with screening, assessment or selection of applicants for a position.

The anticipated base salary range for this position is (70,000-80,000). Compensation may vary for roles in other regions to reflect local market conditions and currency differences. At Tokio Marine Canada, our salary ranges are designed to reflect the skills, experience, and responsibilities required for each role while providing room for growth. For experienced professionals, offers are typically positioned near the midpoint of the range. The upper end of the range is reserved for individuals who consistently deliver exceptional performance and impact. Candidates who are newer to the role may start below the midpoint, with opportunities to progress as they develop. Final offer decisions take into account factors such as location, relevant experience, and individual skill set.

Life at Tokio Marine Canada

At TMCan, we’re a relationship company. We value collaboration, innovation, and inclusion, where every voice matters and every team member makes an impact. We believe in flexibility, authenticity, and growth: because when our people thrive, so does our business. TMCan offers the unique opportunity to work side by side with senior leaders, gaining direct exposure to strategic decision-making and business planning.

Our CARE values guide everything we do:

Collaborative: We communicate openly, support one another, and work as one team.

Achieving Excellence: We challenge the status quo and exceed expectations.

Responsive: We anticipate needs and deliver timely, exceptional service.

Ethical & Respectful: We act with integrity and empower our people to do the right thing.

Our Commitment to an Inclusive and Respectful Workplace

At TMCan, we are deeply committed to fostering a culture of equity, diversity, and inclusion. We strive to create a workplace where every individual is welcomed, respected, and valued for their unique identity and perspective. By embracing our differences and learning from one another, we aim to build a positive and empowering environment for all.

Tokio Marine Canada was proudly recognized as one of the Best Places to Work in Canada by Canadian HR Reporter in 2024.

We work in a hybrid model, and you should expect to split your time between working in the office and working remotely, with flexibility based on the role and the business needs.

We currently have an office in downtown Toronto and will eventually be establishing offices in other provinces. Should you currently work in a province where we do not have an office, you will remain remote until such time as we do establish an office.

Tokio Marine Canada is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if TMCan hires that candidate.