About the Role
This role combines collaboration and technical expertise, allowing you to meet with clients and delve into policy wording. You will be the broker at the table and the go-to technical expert others rely on for answers within Aon’s Financial Services Group.
Responsibilities
- Analyze clients’ specific risk exposures to establish and implement tailored insurance program strategies, with a particular focus on executive and financial lines risks
- Prepare and present renewal proposals and support the team in securing new business
- Negotiate with underwriters to secure the best terms and conditions, regarding premiums and breadth of coverage
- Follow up with insurers to ensure that the negotiated terms and conditions are adequately captured in the policy wordings
- Review and approve documentation for new contracts, policy changes, additions and deletions
- Stay up to date on market conditions and legal developments to act as a technical resource to the Financial Services Group on policy wordings and coverage structures
- Review, compare and refine complex insurance contracts and endorsements to ensure accuracy, consistency and cohesion across programs, and in line with market standards
- Serve as the key liaison with insurers’ technical specialists to negotiate terms and conditions, identify and remedy coverage discrepancies and approval final wordings
- Provide guidance to colleagues on coverage interpretation, claims scenarios and contract implications
- Develop, maintain and share standard methodologies, templates and technical guidance relating executive risk wordings
- Build and maintain strong relationships within the underwriting and technical specialist community to secure optimal premiums, coverage and wordings for Aon clients
- Participate in client and prospect meetings, including presenting technical analyses and coverage recommendations on insurance program structure, and highlighting coverage nuances
Requirements
- Minimum of 7–10 years’ experience in the insurance industry, with meaningful experience in Directors & Officers (D&O) and related financial lines (e.g., EPL, fiduciary, crime, professional liability)
- Demonstrated expertise in reviewing and negotiating complex insurance contracts and endorsements
- Experience working closely with legal, claims or technical teams (either in a law firm, insurer, broker, or large corporate/financial institution) is a strong asset
- Possession of a valid RIBO licence or other applicable licence, or a clear intention to obtain it within 3 months of joining
- Excellent written and verbal communication skills, with the ability to convey complex technical information clearly and professionally to both internal and external stakeholders
- Strong analytical skills, attention to detail and a high degree of comfort working with detailed legal and contractual language
- A background in law, claims, compliance or finance in the financial services space is considered a significant asset
- Proven ability to build and maintain strong relationships with clients, colleagues and underwriting/technical counterparts at insurers
- Applicants must be legally authorized to work in Canada.
- This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.
Skills
- Directors & Officers (D&O)
- Financial lines (e.g., EPL, fiduciary, crime, professional liability)
- Reviewing and negotiating complex insurance contracts and endorsements
- Legal
- Claims
- Technical teams
- Written communication
- Verbal communication
- Analytical skills
- Attention to detail
- Working with detailed legal and contractual language
- Law
- Compliance
- Finance
- Relationship building
Location
- Any Canadian city with an Aon office
Work Type
- Full-time
Experience Level
- 7-10 years
About the Company
- At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
- As an organization, we are united through trust as one inclusive team and are passionate about helping colleagues and clients succeed.
