Group Underwriter, New Business

Canada Life; London; On-site; CAD 60,000 - 90,000; Full time

Benefits offered by this job

Education reimbursement

Health & dental benefits

Mental health benefit

Volunteer day

Pension plan

Share ownership program

Employee discounts

Job summary

Canada Life’s National Accounts New Business Underwriting team seeks an experienced Underwriter to support growth in the National Accounts market. As a Group Underwriter, you will assess risk, develop proposals, and help win and retain business across Canada.

You’ll collaborate with Business Development partners on diverse cases and ensure smooth transitions to renewal underwriting. This role offers offices in London, Montreal, Toronto and Winnipeg and a base salary in the CAD 60,000–89,800

Qualifications

• Minimum 3 years of underwriting experience.
• In-depth knowledge of Group Benefits products and pricing methodologies.
• Strong analytical and decision-making skills.
• Bilingualism (French/English) required for Quebec.

Responsibilities

• Assess risk and price New Business RFPs (1,000 lives or fewer).
• Develop pricing proposals including funding arrangements.
• Support RFPs involving 1,000–5,000 lives (excluding Quebec).
• Explain pricing methodologies to internal and external stakeholders.
• Ensure successful transitions to renewal underwriting teams.

Skills

Underwriting

Group Benefits

Pricing

Analytical thinking

Stakeholder communication

Education

Post-secondary education or equivalent

Job description

Permanent Full Time
The National Accounts New Business Underwriting team is looking for an experienced and energetic Underwriter to support growth in the National Accounts market segment.
You will join a team that combines creativity, collaboration, and strategic thinking to develop compelling proposals that help Canada Life win and retain business in this exciting and competitive market.

What You Will Do

As a Group Underwriter on the New Business Underwriting team, you will be primarily responsible for performing all underwriting functions related to:

• Assess risk and prepare pricing on New Business Requests for Proposal (RFP) opportunities primarily under 1,000 lives, including plan design, financial arrangements, and client profiles, to determine fit with Canada Life's risk appetite.
• Develop compelling and financially sound proposals, including pricing, funding arrangements, guarantees, and investment solutions.
• Participation in preliminary analytics on RFPs on cases with 1,000 to 5,000 lives (excluding those in Quebec).
• Identify creative pricing approaches and present recommendations to senior management.
• Clearly explain pricing methodologies and underwriting decisions to internal and external stakeholders.
• Develop thoughtful and comprehensive responses to underwriting questions included in Requests for Proposal (RFPs).
• Support the implementation of successful new business clients and facilitate the transition of cases to renewal underwriting teams.

What Makes This Team Unique?

This is an opportunity to:

• Focus exclusively on New Business opportunities and quoting.
• Work in a fast-paced environment where every opportunity is different.
• Collaborate closely with Business Development partners and leaders across Canada.
• Gain exposure to complex cases, creative solutions, and evolving market trends.
• Contribute ideas and influence how we continue to evolve and improve our processes.
• Accelerate your professional development through continuous learning and broad business exposure.

Who We're Looking For

We're interested in connecting with Underwriters who:

• Thrive in a fast-paced and results-oriented environment.
• Enjoy learning, problem-solving, and taking on new challenges.
• Are passionate about supporting growth and winning new business.
• Demonstrate strong collaboration and relationship-building skills.
• Are adaptable, curious, and eager to expand their underwriting expertise.

What You Will Bring

• Minimum 3 years of underwriting experience.
• Post-secondary education or an equivalent combination of education and experience.
• In-depth knowledge of Group Benefits products, pricing methodologies, and funding arrangements.
• Strong analytical and decision-making skills with the ability to assess risks, evaluate alternatives, and make informed recommendations.
• Creative problem-solving skills and a customer-focused mindset that challenges the status quo and explores innovative solutions.
• Strong verbal and written communication skills with the ability to tailor messaging to diverse audiences.
• Excellent negotiation skills and the ability to achieve mutually beneficial outcomes while maintaining strong relationships with Sales partners.
• Strong organizational and time management skills with the ability to manage competing priorities and demanding deadlines.
• A proven ability to build constructive relationships with internal and external stakeholders.
• A growth mindset that embraces challenges, continuous learning, and professional development.
• As this position is posted in several locations, we specify that bilingualism (fluent in French, English, both oral and written) is required for Quebec only as the position will regularly serve our clients with French and English-speaking needs.

Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: London, Montreal, Toronto, Winnipeg.The base salary for this position is between $60,000 - $89,800 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 additionalinvestment 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 [e-mail]. 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.