Group Benefits Underwriter
People Corporation•Toronto, ON
•CA$60,000 - CA$75,000
About The Position
The Underwriter reviews group insurance (primarily life, disability, health and dental) policies to evaluate risk and determine acceptance of applications. The core skills of analytics, communication and relationship building are vital as they work to ensure a balance between attracting and retaining customers. This will be achieved by providing competitive insurance premiums and covering potential losses from claims.
Requirements
- Post-secondary education or equivalent experience (Focus on math, risk assessment or economics is an asset)
- 2-4 years previous related work experience, or equivalent in a similar role such as insurance, group benefits or client service
- Good analytical, problem-solving and decision-making skills
- Good verbal and conflict resolution ability; very good written and listening skills
- Good teamwork skills; collaborate across Underwriting team, various departments and externally
- Good organizational skills & attention to detail
- Computer proficiency in Excel
- Knowledge of group benefits and/or insurance industry is an asset
- GBA designation is an asset
Responsibilities
- Develop and maintain ongoing relationships with carriers, Account Managers and brokers
- Run quotes on internal quote system and prepare proposal documents
- Prepare market specifications for clients
- Price new business opportunities as per established guidelines, processes and procedures
- Analyze data and multiple carrier proposals and make recommendations related to the best option for the client
- Coordinate new business implementation with account management and implementation team
- Identify plan/claims issues and recommend solutions to consultants and internal partners
- Prepare existing client renewal reporting, including negotiations with insurers
- Supporting new sales and revenue growth targets
- Corresponding with insurers on various issues and procedures
- Provide Underwriting Consulting Services to various stakeholders
- Supporting working relationships with Plan Sponsors, Plan Administrators and Representatives
Benefits
- Comprehensive health and dental insurance
- Retirement savings plan with company contributions
- Health and wellness programs, including mental health support
- Training opportunities and assistance in obtaining professional designations
- Competitive compensation package
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
