Senior Underwriting Consultant

Permanent Full Time 

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Are you looking for an opportunity where you can bring your passion for underwriting and grow your underwriting talent and knowledge? 

Canada Life’s Elevate (Large Case) offering provides a unique combination of products, experience and expertise that supports our advisors, their clients and our field partners throughout the entire insurance process for large case business.

We are looking for a Senior Underwriting Consultant to join our “easy to do business with” Premier Underwriting team. This underwriting case production role requires solid experience in medical, non-medical and financial risk selection, and experience in finding solutions for challenging cases. A commitment to client- centric, proactive communication and partnership with external and internal teams are critical aspects to this role.  We offer a fully remote working opportunity with the flexibility to attend in office events with team members as desired.

This opportunity requires you to review, analyze and underwrite medical, personal, and financial information to evaluate the overall risk for all applications with face amounts between $10-25M or premiums between $25-500K.  You will be responsible for guiding cases through the entire underwriting process with support from your aligned underwriting specialist, our financial underwriting team and our medical board.

Interested individuals should be:

• Committed to providing insurance solutions for our clients
• Have a keen understanding of the risk selection process on high-net-worth cases
• Motivated to provide best-in class service to both external and internal partners
   

What you will do

• Apply knowledge of risk selection best practices through analysis of individual life insurance applications and supporting evidence to include medical, non-medical, and financial risk factors.
• Ensure high quality delivery of best-in-class underwriting solutions that meet the needs of our clients.
• Provide regular case updates to external and internal partners on case development.
• Partner with our distribution teams, advisors and internal support teams to foster the continuous evolution of risk selection.

What do you need to succeed

• Decision making authority over $7,000,000 + for Life insurance
• Have 8+ years of experience in individual life risk assessment
• Ability to influence and negotiate with external and internal partners to obtain favourable insurance offers
• Knowledge of medical and non-medical risk factors with attention to detail and accuracy
• The ability to meet tight deadlines and balance competing priorities
• Willingness to work collaboratively with our internal and external partners
• Exceptional communication and interpersonal skills
• Bachelor's degree or the equivalent experience in underwriting
• Commitment to ongoing education with a goal of attaining the Fellow, Academy of Life Underwriting (FALU) and Fellow, Life Management Institute (FLMI) designations

What's in it for you

• Trusting, diverse and inclusive working environments
• Supportive leadership focused on your success and well-being
• Strong underwriting mentorship program and case support through a dedicated underwriting specialist relationship
• Flexible benefits
• Retirement and savings vehicles
• Pay for performance rewards
• Paid vacation and additional personal days

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The base salary for this position is between $74,500 - $137,900 annually.  This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc).  If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. 

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.

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