Underwriting Assistant

Permanent Full Time 

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We are looking for a Group Insurance Underwriting Assistant.

The Group Underwriting department is responsible for assessing the risk and making decisions associated with the sale of an employer benefits plan, amendments to that plan and the annual renewal of the plan.  As needed, they provide annual financial reports to clients about their plan.

The Underwriting Assistant supports Group Underwriters and Analysts primarily with manual rate calculations at renewal and amendment requests, plus maintains premium rates on Canada Life billing systems.  Manual rates are the first step in plan pricing and from which risk is determined.

We will provide successful candidates with a potential career path to move career levels and roles within the department.

What you will do

• Review employee data received from the Plan Sponsor for reasonableness and accuracy then manipulate it for import into the ARC tool. 
• Calculate manual rates for each renewal and perform analysis on the change in a group’s manual rate year over year.
• On demand manual rate calculations to respond to Plan Sponsor queries on proposed plan changes.  Need to be able to interpret the request and offer alternatives for providing pricing if ARC cannot handle.
• Update billing systems when renewal rates are sold and update MIS tool.
• Assist with preparing monthly/quarterly/annual scheduled reporting.
• Monitor the Support Team Mailbox – where on demand requests and sold renewal confirmations are sent by Underwriters.

What you will bring

• Candidates must have post-secondary education or an equivalent combination of education and experience.
• Strong mathematical aptitude
• Strong analytical and problem-solving skills.
• Ability to work in partnership with team members and many internal business departments.
• Excellent verbal and written communication skills.
• Highly proficient with MS Excel and can easily learn new tools and applications.
• Strong organizational and time management skills; ability to prioritize multiple tasks and shifting priorities.
• Customer service focused.
• Willingness to work towards a GBA or full CEBS designation under the CEBS program.

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The base salary for this position is between  $29,800 - $50,100 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.

For student opportunities only

For our student opportunities, the base salary will be dependent on the number of work terms you have completed along with other factors depending on your program. 

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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