Senior Group Underwriter

THE EMPIRE LIFE INS. CO•Montreal, QC

1d•Remote

About The Position

Empire Life is looking to hire a Bilingual Senior Group Underwriter to join our Group Solutions - Underwriting team! We are actively seeking candidates to fill a current, open position. Our mission is to provide expertise and intelligent solutions to help Canadians navigate life with confidence. Join a transforming business - we are a medium-sized Canadian company in a stable industry that emphasizes the importance of innovation to use industry-leading technology. Hone your skills - this is an opportunity that allows for you to grow your technical, and functional skills.

Requirements

7+ years of work experience in the group insurance/financial services industry
Proven knowledge of group benefits products, contractual provisions, risk assessment, and pricing methodologies with a proven ability to apply knowledge in practice
Demonstrated experience and comfortability in interacting with group sales and service environments
Proficient in Microsoft Office Suite
Well-developed customer relations skills
GBA or CEBS Designation
Completion of a university degree or college diploma in a relevant field
Financial analysis & trend analysis
Ability to work independently and as a team member
Ability to think logically, analyze, and provide creative solutions
Ability to prioritize competing priorities while managing an ongoing workload
English is required for communicating with English speaking customers, advisors, or employees across Canada.

Responsibilities

Ensure that complex requests to quote, amendment, and renewals are assessed appropriately & accurately and within established turnaround time to support business sales and profitability objectives
Leads and coaches (be the “Go-To”) the underwriting development of more junior underwriters within the team
Acts as an informal leader within the team, supporting leadership with driving forward business initiatives and strategic objectives
Ensure the profitability of group business from an underwriting perspective with a focus on establishing and growing long term partnerships
Uses experience and judgment, in conjunction with Underwriting guidelines, product and service knowledge to determine optimal and creative solutions to meet customer needs and requirements
Ensure the profitability of group business through consultative underwriting practices; ensuring effective case level management at time of acquisition and renewal
Appropriately documents underwriting decisions to support risk and pricing decisions; and make decisions on negotiations and market rates on all case types within defined parameters
Leads the development and communication of process and practice changes, including maintenance of the Underwriting Guidelines and other documents relevant to the functional unit
Provides consistent and fulsome interpretation of group insurance policy terms to customers and distribution partners in support of strategic business objectives
Work collaboratively with other team members, inside and outside of underwriting to support quote, renewal and amendment outcomes to achieve strategic objectives
Act as a subject matter expert to provide consultation and problem resolution for the business units and the distribution teams on risk-related issues
Ability to constructively and extensively apply underwriting tools to experience rate Life and LTD
Ability to articulate underwriting and pricing recommendations to a broad set of stakeholders, including: internal teams, external teams and senior leadership
Proactively engages with both internal and external stakeholders to engage in discussions to support both client acquisition and retention while serving as a primary point of contact
Interacts with reinsurance providers to spread risks on retention amounts that exceed the Empire Life retention limit
Executes on consultative underwriting practices that include risk interpretation, pricing recommendation, partner collaboration while working within defined parameters
Acts as a primary point of contacts for key partners externally

Benefits

Hybrid work model
Competitive salaries with annual pay increases
Annual bonus program, which recognizes both strong company performance and individual contributions, for non sales positions
Access to learning & development programs, and education/tuition reimbursement (role dependent), to support your professional growth and career advancement.
Competitive uncapped commission, for sales positions
A comprehensive employer-funded benefits package starting from day one of employment, that includes life insurance, health and dental and a generous health account
Flexible work arrangements and an annual allotment of personal health days.
Four weeks annual vacation from hire date
A defined contribution pension plan with generous employer matching
Top up programs for parental leave and compassionate leave
Employer-sponsored wellness and recognition programs
A cash employee referral program