Technical Underwriter (Group Insurance)

Marsh McLennan•Mississauga, ON

9d•Hybrid

About The Position

We are seeking a talented individual to join our team at Victor. This role will be based in Mississauga, Canada. This is a hybrid role that has a requirement of working at least three days a week in the office. The Technical Underwriter is responsible for quoting new business, managing monthly in-force renewals, and preparing pricing alternatives for plan design changes. This role supports Sales, Senior Underwriters and leadership by delivering timely, accurate pricing and renewal positions, ensuring sound risk assessment, and maintaining high service levels for internal and external stakeholders. Victor offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. At Victor, your voice is heard, your skills are sharpened and your ambitions nurtured. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. Victor Insurance Managers LLC (“Victor”) is one of the world’s largest managing general underwriters with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $4 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 20,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company delivers a wide range of insurance solutions – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor is committed to building on 65-plus years of experience to develop products and services that address the complex needs of its customers. Victor Insurance Managers Inc. is a subsidiary of Victor and a leading managing general agent in Canada. Victor Canada has a rich history in specialty insurance and offers a unique range of products and programs distributed through independent brokers and advisors. The company is committed to making insurance easier for brokers, advisors and their clients through specialized underwriting and claims expertise, personalized customer service, and a responsive, technology-oriented business approach. Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact [email protected].

Requirements

Minimum five years’ Group Insurance underwriting or pricing experience with hands-on quoting of new business and management of renewals.
Deep knowledge of group benefits underwriting principles, funding methods, products, plan design features, and common underwriting practices.
Advanced proficiency in Microsoft Excel (complex formulas, pivot tables) and strong skills with MS Office applications.
Strong analytical and problem-solving abilities; comfortable working with large datasets and performing financial/cost projections.
Proven ability to manage high-volume workloads and deadlines with accuracy, attention to detail, and adaptability in fast-paced environments.
Excellent interpersonal and communication skills; able to explain technical pricing concepts to Sales and non-technical stakeholders and work both independently and collaboratively with sound judgment.

Nice To Haves

Post‑secondary education in actuarial science, mathematics, statistics, finance, business, or a related discipline.
Relevant professional designations are an asset.
Bilingual (French and English), written and spoken, is an asset.

Responsibilities

Prepare and deliver timely, accurate, and competitive quotes for new business by analyzing census data, claims history, plan design, and relevant underwriting factors.
Manage monthly in-force renewals for assigned blocks: calculate renewal positions, post results to internal systems/websites, and escalate anomalies for resolution.
Develop and price plan alternates for in-force groups and present clear cost comparisons to support retention and client requests.
Partner with Sales Representatives during negotiations to explain pricing rationale, evaluate concessions, and maintain profitability targets; obtain required approvals as needed.
Maintain and enhance Excel-based models and other pricing tools; create or modify templates to support quoting and renewal workflows.
Review and validate analyses prepared by junior staff to ensure consistent pricing assumptions and sound underwriting decisions.
Participate in cross-functional initiatives to automate recurring tasks, improve data quality, and reduce manual effort in renewal and quoting processes.
Provide clear, timely verbal and written communications to Sales, New Business, and leadership; coach and mentor junior team members to elevate technical capability and model a growth mindset.