Underwriting Analyst - Small Group Renewal
About The Position
Reporting to the Assistant Manager, Renewals, this role is part of the Disability Solutions and Underwriting team within our Workplace Benefits and Retirement division. The Underwriting Analyst - Small Group Renewal plays a critical role in supporting the financial management of our Group Benefits business through data analysis, rate calculations, renewal preparation, and financial reporting. This is an exciting opportunity for a detail-oriented professional who enjoys working with data, solving complex problems, collaborating with a variety of business partners, and continuously expanding their knowledge within the group benefits and insurance industry.
Requirements
- Post-secondary or an equivalent combination of education and experience.
- Curious and inquisitive. Loves math!
- Energized when working in partnership with team members and many internal business areas, and does this with excellent interpersonal skills.
- Highly proficient with Excel and easily learns new tools and applications.
- Effective and efficient verbal and written communication skills.
- Ability to meet tight deadlines, work under pressure, and prioritize multiple tasks and shifting priorities.
- Critical thinker who can problem-solve and make good decisions when working with incomplete information.
- Understands what it means to put the customer first.
- Thirst for knowledge. Willingness to work towards a Group Benefits Associate designation or Certified Employee Benefit Specialist designation under the Certified Employee Benefit Specialist (CEBS) program.
- Reliability Status Security Clearance – this can only be completed with candidates who receive an offer of employment. This is a personal security status that is required as a condition of employment before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada website. The cost of submitting these checks will be covered by Canada Life.
Responsibilities
- Review employee data received from the Plan Sponsor for reasonableness and accuracy then manipulate it for import into the ARC tool.
- Calculate manual rates at renewal and for options/costings, performing analysis on the change in a group’s manual rate year over year.
- Review premium, claims, rates, and reserves for accuracy and reasonableness.
- Identify erroneous data and coordinate with partner departments to fix the data.
- Create the renewal analyses, rate exhibits and listings that are part of the package delivered to the Plan Sponsor by the Underwriter and the Account Executive.
- Create the financial report that will be provided to the Plan Sponsor. Tasks related to the financial report directly impact corporate accounting systems.
- Assist with non-standard on demand reporting and financial estimates.
- Assist with preparing monthly/quarterly/annual scheduled reporting.
Benefits
- Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.
- Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
- Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.
- Financial Security: Company-matching pension plan, share ownership program and additional investment options.
- Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
- Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
