Group Benefits Underwriter

People Corporation•Toronto, ON

42d•$60,000 - $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. The Underwriter will: 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 At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders. Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to. 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. If you require an accommodation or an alternative format of any posting please reach out to [email protected]. We know that it's the vast expertise and commitment of our teams in People Corporation and our Partner Firms that have put us where we are today. We value our employees and provide competitive salaries, a comprehensive group benefits plan, and a generous retirement savings plan. And we're in it for the long haul - once you join us, we want you to thrive. If you want to make a difference in the lives of customers, if you take pride in a job well done, and if you like to have fun, talk to us. To learn more about our Partner Firms, please click on the link below. https://www.peoplecorporation.com/en-ca/about-us/our-partner-firms Submit your information for future opportunities. Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to. 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. If you require an accommodation or an alternative format of any posting please reach out to [email protected]. For more information on Accessibility at People Corporation, visit our link https://www.peoplecorporation.com/en-ca/accessibility-statement.

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, BBD 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

Nice To Haves

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