Underwriting Analyst, New Business

Permanent Full Time 

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We are looking for a creative and energetic Underwriting Analyst, New Business.

The New Business Analyst role is suited to an inquisitive individual who enjoys continuous learning and applying their knowledge in varied scenarios. You are a keen problem solver. You like to analyze intricate data and make decisions based on your analysis.

In this role you will be exposed to mid-sized New Business groups (usually in the 200 to 1000 life range) from many of the advisors and brokers that Canada Life does business with. You will also be working with many of our Underwriting offices across Canada.

This analyst position can lead to a potential career path as an Underwriting analyst dealing with our existing block of business, or as an Underwriter.

What you will do 

• Calculate manual rates by manipulating the data and determining the proper set up of classes.
• Ensuring adherence to policies, procedures, and underwriting guidelines.
• Set up folders and files for new quotes and dispatch to the correct region.
• Perform an analysis of information received to complete the quotes.
• Prepare experience analyses on all benefits (Life, Long Term Disability, Short Term Disability, Health, and Dental benefits) based on experience information provided.
• Calculate average billed rates.
• Running Life and Disability reserves
• Review & understanding of results to provide a summary to the Underwriter.
• Provide assistance to the Underwriters through the quoting process.
• Initiate process improvements and work on projects that will streamline our processes or assist with our decisions.

What you will bring 

• You have post-secondary education or an equivalent combination of education and experience.
• You are curious and inquisitive. You love math!
• You get energized when you work in partnership with team members, and you do this with your excellent interpersonal skills.
• Your verbal and written communication skills are both effective and efficient.
• You are a driver who can meet tight deadlines, work under pressure and prioritize multiple tasks and shifting priorities.
• Your powerful analytical skills provide good judgement, solutions to problems and great decisions.
• You pay attention to detail and are precise in your calculations
• You understand what it means to put the customer first. That is, put the customer at the center of what we do.
• You have a thirst for knowledge. Hence, you have a willingness to work towards a GBA or full CEBS designation under the CEBS program
• As this position is posted in several locations, we specify that bilingualism is an asset (fluent in French and English) but is required for Quebec only as the position will regularly serve our clients with French and English-speaking needs.
• Experience and knowledge of group benefit products is an asset
• Extensive knowledge of Excel is an asset
• Knowledge of Group Underwriting and knowledge of benefit pricing would be an asset
• Reliability Status Security Clearance – this can only be completed with candidates who receive an offer of employment. This is a personal security status that is required as a condition of employment before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada  website.  The cost of submitting these checks will be covered by Canada Life.  

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The base salary for this position is between $48,400.00 - $80,200.00 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.

Grow with Canada Life 

We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.  

We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you! 

What we offer:  

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member: 

• Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement. 

• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being. 

• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.  

• Financial Security: Company-matching pension plan, share ownership program and additional investment options. 

• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!  
• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.  

Learn more about Canada Life.  

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact  talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Canada Life policies.  

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

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