Underwriting Analyst
- London, ON, Canada
The base salary for this position is between $43,400 - $68,400 annually. · Full-time
Applications open in a new tab.
Job details
- Pay
- The base salary for this position is between $43,400 - $68,400 annually.
- Job type
- Full-time
- Apply by
- Posting language
- English
- Posted
Original job description
Permanent Full Time
We are looking for an Underwriting Analyst
The Group Underwriting department is responsible for assessing the risk and making decisions associated with the sale of an employer benefits plan, amendments to that plan and the annual renewal of the plan. And, at times, provide annual financial reports to clients about their plan.
The Underwriting Analyst supports Group Underwriters by compiling information from various systems/reports into renewal analysis tools and financial report tools, plus manual rate calculations and maintenance of the premium rates on Canada Life billing systems. They perform validation of the information gathered and deliver final output to the Underwriter.
What you will do:
Manual Rate Calculations and Premium Rate Coding:
Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.
Grow with Canada Life
We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.
We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you!
What we offer:
We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member:
We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Canada Life policies.
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.
We are looking for an Underwriting Analyst
The Group Underwriting department is responsible for assessing the risk and making decisions associated with the sale of an employer benefits plan, amendments to that plan and the annual renewal of the plan. And, at times, provide annual financial reports to clients about their plan.
The Underwriting Analyst supports Group Underwriters by compiling information from various systems/reports into renewal analysis tools and financial report tools, plus manual rate calculations and maintenance of the premium rates on Canada Life billing systems. They perform validation of the information gathered and deliver final output to the Underwriter.
What you will do:
Manual Rate Calculations and Premium Rate Coding:
- 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 preparing monthly/quarterly/annual scheduled reporting
- You have post-secondary or an equivalent combination of education and experience
- You are curious and inquisitive. You love math!
- You get energized when you work in partnership with team members and many internal business areas, and you do this with your excellent interpersonal skills
- You are highly proficient with Excel and easily learn new tools and applications
- Your verbal and written communication skills are both effective and efficient
- You are a driver who has ability to meet tight deadlines, work under pressure, and prioritize multiple tasks and shifting priorities
- You are a critical thinker who can problem-solve and make good decisions when working with incomplete information
- You understand what it means to put the customer first. That is, put the customer at the center of what we do
- You have a thirst for knowledge. Hence you have a willingness to work towards a GBA or full CEBS designation under the CEBS program
- Reliability Status security clearance - this is a personnel security status that is required before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada website
Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.
Grow with Canada Life
We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.
We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you!
What we offer:
We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member:
- 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.
We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Canada Life policies.
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.
More about this job
Responsibilities
Compile and validate employee, premium, claims, rate, and reserve data to support group benefit plan renewals, manual rate calculations, and financial reporting. Prepare renewal analyses, rate exhibits, client financial reports, and scheduled or on-demand reporting, coordinating with partner departments to resolve data issues.
Requirements
Post-secondary education or an equivalent combination of education and experience is required, along with strong Excel proficiency, mathematical aptitude, effective communication, and the ability to manage competing priorities and deadlines. Candidates should be inquisitive, analytical, customer-focused, and willing to pursue a GBA or CEBS designation; Reliability Status security clearance is required before accessing protected information, assets, or work sites.
Skills
- Excel
- Manual Rate Calculations
- Premium Rate Coding
- Data Validation
- Renewal Analysis
- Financial Reporting
- Data Analysis
- Problem-Solving
- Critical Thinking
- Attention To Detail
- Interpersonal Skills
- Verbal Communication
- Written Communication
- Prioritization
- Deadline Management
- Customer Focus
Benefits
- Education Reimbursement
- Health Benefits
- Dental Benefits
- Mental Health Benefit
- Vacation
- Personal Days
- Volunteer Day
- Company-Matching Pension Plan
- Share Ownership Program
- Investment Options
- Employee Recognition Programs
- Employee Discounts
- Employee Resource Groups
- Mentorship Programs
- Social Clubs And Events
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Data & Analytics
Keywords
- Group Underwriting
- Employer Benefits Plans
- Risk Assessment
- Manual Rate Calculations
- Premium Rate Coding
- Employee Data
- ARC Tool
- Renewal Analysis
- Rate Exhibits
- Claims Analysis
- Premium Analysis
- Reserves
- Financial Reporting
- Canada Life Billing Systems
- Data Validation
- Excel
- On-Demand Reporting
- Scheduled Reporting
- GBA Designation
- CEBS Designation
- Reliability Status Security Clearance
- Protected B Information
- Customer Focus
- Problem-Solving
- Critical Thinking