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Canada Life

Underwriting Analyst

London, ON, Canada

The base salary for this position is between $43,400 - $68,400 annually. · Full-time

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Job details

Pay: The base salary for this position is between $43,400 - $68,400 annually.
Job type: Full-time
Apply by: Dec 2, 2026
Posting language: English
Posted: Nov 2, 2026

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:

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

Renewal and Financial Preparation:

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

What you will bring:

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

The base salary for this position is between $43,400 - $68,400 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

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.

Learn more about Canada Life.

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.

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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

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

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