Assistant Insurance Service Advisor - Greater Toronto Area

Scotiabank; Toronto; Hybrid; CAD 65,000 - 90,000; Full time

Job summary

Scotiabank in the Greater Toronto Area seeks an Assistant Insurance Service Advisor to support in-force policy management for licensed advisors and branch teams. You will train advisors on policy access in Centralize, review notices, and flag issues while coordinating with SWIS colleagues to mitigate risks.

You will proactively review in-force permanent policies, manage orphaned policies as Agent of Record, and help onboard new AORs.

Qualifications

• 3–5 years’ experience within the life insurance industry with a university degree or equivalent.
• LLQP is required.
• CFP and/or CLU designations are an asset.
• Experience with permanent life insurance and advisor portals is essential.
• Knowledge of estate planning uses for life insurance is essential.
• Excellent interpersonal skills for sensitive client situations.
• Ability to work well in a team and adapt to change.
• Proficient in MS Office (Excel, Word, PowerPoint, Outlook).

Responsibilities

• Be the main point of contact for licensed advisors in the region for in-force policy management.
• Deliver training on policy details access and servicing best practices.
• Review policy statements and notices and flag issues.
• Identify opportunities to introduce an Insurance Consultant for new business potential.
• Manage Agent of Record for orphaned policies and onboarding of new AORs.
• Triages requests for AOR with external agents, ensuring risk is managed.

Skills

Interpersonal skills

Teamwork

Proactivity

Organization

Initiative

Customer service

MS Office

Attention to detail

Education

University degree or equivalent

LLQP

CFP

CLU

Tools

Policy illustrations software

Advisor portals

Centralize (policy system)

Job description

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Title: Assistant Insurance Service Advisor - Greater Toronto Area

Requisition ID: 269954
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

The position is responsible for providing in-force policy support to licensed advisors, Branch Managers, and Insurance Consultants within the Montreal and Quebec City region.

Accountabilities

• Acts as the main point of contact for licensed advisorsin the region who have questions and require support related to their in-force policy management activities. This includes delivering training to advisors on accessing policy details within Centralize and best practices for servicing activities; reviewing statements and notices as they are distributed to the Agent of Record; and flagging any policies that require attention; undertaking policy analysis; requesting in-force illustrations; and providing any necessary paperwork to advisors.
• Proactively reviews a subset of in-force permanent life insurance policiesat key milestones in order to identify any potential issues that might lead to future client concerns related to the performance of their policy. This may include collaborating with advisors and SWIS colleagues in determining the best approach to address issues and mitigate any risks.
• Takes on Agent of Record for all orphaned policies within the region, which includes being the primary contact for those clients in managing their policies.This may also include doing the same on select policies that have been referred directly to SWIS by an unlicensed advisor or business partner.
• Triages any requests for licensed advisors to take over as Agent of Recordon policies that were sold by external agents, collaborating with SWIS colleagues to ensure that any new AORs will not increase our risk exposure and are onboarded effectively. This includes ensuring that advisors are aware of the AOR policy and any requirements for considering requests.
• Identifies opportunities to introduce an Insurance Consultant into an in-force policy where there may be new business potential, such as a conversions, re-applications, or secondary sales. This includes proactively reviewing their in-force block of business for such opportunities and working closely with the ICs in their region to develop a process for partnering effectively.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high performance environment and contributes to an inclusive work environment.

Education / Experience / Skills

• Minimum of 3-5 years’ experience within the life insurance industry coupled with a University degree (or equivalent education)
• LLQPis a requirement
• The Certified Financial Planner (CFP) and/or Certified Life Underwriter (CLU) designations are an asset
• Experience working with permanent life insurance and working knowledge of insurance carrier illustrations, software and advisor portals is essential
• Knowledge of the estate planning uses for life insurance including corporate owned life insurance strategies is essential
• Outstanding interpersonal skills, with an ability to deal with sensitive and difficult client situations in a gracious and professional manner
• Ability to work effectively and collaboratively within a team
• Readily embrace change and thrive in an ever-changing environment
• Well organized, goal driven and action oriented
• Demonstrates pro-activity, initiative and resourcefulness
• Service-oriented with a high value placed on rapid and high-quality responses
• Proficiency in the use of Microsoft Windows and its applications including Excel, Word, PowerPoint and MS Outlook

Location(s): Canada : Ontario : Burlington || Canada : Ontario : Mississauga || Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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