Underwriter

Permanent Full Time 

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In this role you will be responsible for medically and financially assessing applicants for individual disability insurance and critical illness insurance based on our underwriting guidelines. Risk selection includes medical underwriting, non-medical underwriting, financial underwriting, legal underwriting, compliance, sales and marketing.  It is a career of continuing education through on the job learning, attending seminars, and industry courses such as LOMA and Academy of Life Underwriting (ALU).  A successful underwriter is one who negotiates effectively with reinsurers and develops strong, service-oriented relationships with our distribution partners including advisors and our wholesaling teams.

If you are interested in this opportunity, ask yourself:

• Are you looking for an opportunity for growth?

• Looking for a challenging career which requires lifelong learning?

• Able to analyse complex information and make critical decisions efficiently?

• Are you a dedicated and productive employee?

• Are you resilient to change and focused on continuous improvement?

• Are you known to have a high degree of accuracy and to be detail oriented?

• Do you stand out with your team spirit?

• Are you a self-starter with strong abilities to work independently?

• Are you always looking out for the customer’s best interest?

• Do you have a command of English and French, both spoken and written?

• Do you have technical expertise in disability and/or critical Illness insurance?

• Do you demonstrate strong technical aptitude and computer skills?

• Do you have experience with Ingenium, Onbase, and Aura systems?

If you answered yes to most or all the above questions, you could fit the role!

As an Underwriter, you will be accountable for:

• Determining insurability and assessing risks according to our company’s underwriting philosophy, standards and guidelines.

• Analyzing medical and financial information and other non-medical evidence

• Accurately and fully updating the system records to reflect all underwriting decisions, including required amendments

• Ensuring compliance requirements have been followed and documented

• Discussing underwriting decisions with medical directors, underwriting specialists, reinsurers and our advisors and distribution partners

• Providing excellent customer service and building positive relationships with all internal and external clients.

• Regularly attending events and training related to the insurance industry to refresh and develop your knowledge.

• Handling risk and non-risk tasks within a policy

• Multitasking between several systems with shifting priorities

• Providing ideas to help improve handling times and processes

• Focus on client experience by always keeping an awareness of the broad picture

Eligibility Requirements:

• Bilingual (English and French) is an asset

• Post secondary diploma OR University Degree

• Knowledge of anatomy, psychology, medical conditions and accounting an asset

Given the size and scope of our organization, we have the flexibility for this position to be located anywhere in Canada.

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The base salary for this position is between  $50,400 - $83,900 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.