Group Underwriter

iA Financial Group (Industrial Alliance); Vancouver; On-site; CAD 70,000 - 85,000; Full time

Job summary

A financial services firm in Metro Vancouver is hiring a Group Underwriter to manage individual underwriting and new business underwriting within the Special Markets division. Candidates should have a university degree, 6-8 years of industry experience, and strong analytical skills. The role requires excellent decision-making abilities and offers an annual salary between $70,000 and $85,000, along with a bonus for permanent employees.

Benefits

Annual bonus

Qualifications

• Minimum 6-8 years industry experience required.
• Willingness to pursue industry designations (FALU, FLMI, etc.).

Responsibilities

• Assess Life, EHB, and Critical Illness applications.
• Utilize AM system for underwritten insureds.
• Evaluate underwriting evidence and make decisions.
• Provide ongoing training to other underwriters.

Skills

Excellent analytical skills

Customer service aptitude

Decisive decision-making

Verbal communication skills

Written communication skills

Self-motivated

Team player

Education

University degree

LOMA UND385 course completion

Job description

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Purpose and accountability

This position supports the individual underwriting of the Special Markets business and is primarily responsible for new business underwriting and statistics. The incumbent works under the direct supervision of Manager, Administration.

Description

Purpose and accountability

This position supports the individual underwriting of the Special Markets business and is primarily responsible for new business underwriting and statistics. The incumbent works under the direct supervision of Manager, Administration.

Summary Of Duties

• Assess Life, EHB and Critical Illness applications for the line of business within the Company by :
• Utilizing the AM system (Application Management) in the day to day management of insureds that are being underwritten.
• Studying complete files, determining requirements based on age, insurance amount, medical, lifestyle, and financial profile.
• Evaluating underwriting evidence such as paramedical exams, blood profiles, urinalysis, attending Physician statements, and requesting additional information if needed.
• Coding and reviewing MIB codes.
• Making medical decisions and providing decisions on files.
• Reviewing applications with Medical Directors and referring applications when necessary.
• Classifying proposed insureds into categories: standard, substandard, postponed, or declined.
• Determining if ratings or exclusions can be applied based on contract provisions.
• Providing ongoing training to other underwriters.
• Meeting with medical advisors for complex cases.
• Approving and verifying files requiring co-signature: Life and AD&D – up to $1,000,000; CI – up to $500,000.
• Referring files to reinsurers when necessary.

Deliver quality customer service by :

• Meeting set turnaround times.
• Providing clear written and verbal communication to stakeholders.
• Explaining and defending underwriting decisions, discussing alternatives with clients and staff.
• Updating AM system promptly and accurately.
• Recommending system and process improvements.

Protect the Company’s financial interests by :

• Monitoring business quality and compliance.
• Reporting suspicious trends.
• Following underwriting standards and procedures.
• Explaining and defending decisions to staff and physicians.

Qualifications :

• University degree plus 1 year insurance experience and willingness to pursue industry designations (FALU, FLMI, etc.).
• Minimum 6-8 years industry experience, including LOMA 1 courses, with willingness to pursue further designations.
• Successful completion of LOMA UND385 course.

What we are Looking for :

• Excellent analytical skills and attention to detail.
• Decisive and confident decision-making.
• Strong customer service aptitude.
• Excellent verbal and written communication skills.
• Self-motivated with high accountability.
• Team player.
• Good judgment.
• Respectful communication.
• French language skills are an asset.

The typical hiring range is from $70,000 to $85,000 annually, based on location, skills, experience, and internal equity. All permanent employees are entitled to an annual bonus.

Additional info

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance and Sales

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