New Business Analyst

Canada Life; London; On-site; CAD 53,000 - 81,000; Full time

Job summary

A leading financial services company in Ontario is seeking a New Business Analyst to provide analytical support for mid-sized groups. You will calculate rates, analyze data, and support Underwriters throughout the quoting process. Ideal candidates will possess post-secondary education, exceptional analytical abilities, and proficiency in Excel. The role offers competitive compensation with a salary range of $53,500 to $80,200 annually. Join a diverse team committed to improving the well-being of Canadians.

Benefits

Competitive salary

Inclusive work environment

Career development opportunities

Qualifications

• Post-secondary education or equivalent experience.
• Curious and inquisitive, with a love for math.
• Ability to work under pressure and prioritize tasks.

Responsibilities

• Calculate manual rates and adhere to policies.
• Prepare experience analyses for various benefits.
• Assist Underwriters through the quoting process.

Skills

Analytical skills

Interpersonal skills

Communication skills

Time management

Attention to detail

Education

Post-secondary education or equivalent

Tools

Excel

Job description

Permanent Full Time

We are looking for a creative and energetic New Business Analyst.

The New Business Analyst role is suited to an inquisitive individual who enjoys continuous learning and applying their knowledge in varied scenarios. You are a keen problem solver. You like to analyze intricate data and make decisions based on your analysis.

In this role you will be exposed to mid-sized New Business groups (usually in the 200 to 1000 life range) from many of the advisors and brokers that Canada Life does business with. You will also be working with many of our Underwriting offices across Canada.

This analyst position can lead to a potential career path as an Underwriting analyst dealing with our existing block of business, or as an Underwriter.

What You Will Do

• Calculate manual rates by manipulating the data and determining the proper set up of classes.
• Ensuring adherence to policies, procedures, and underwriting guidelines.
• Set up folders and files for new quotes and dispatch to the correct region.
• Perform an analysis of information received to complete the quotes.
• Prepare experience analyses on all benefits (Life, Long Term Disability, Short Term Disability, Health, and Dental benefits) based on experience information provided.
• Calculate average billed rates.
• Running Life and Disability reserves
• Review & understanding of results to provide a summary to the Underwriter.
• Provide assistance to the Underwriters through the quoting process.
• Initiate process improvements and work on projects that will streamline our processes or assist with our decisions.

What You Will Bring

• You have post-secondary education 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 you do this with your excellent interpersonal skills.
• Your verbal and written communication skills are both effective and efficient.
• You are a driver who can meet tight deadlines, work under pressure and prioritize multiple tasks and shifting priorities.
• Your powerful analytical skills provide good judgement, solutions to problems and great decisions.
• You pay attention to detail and are precise in your calculations
• 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
• As this position is posted in several locations, we specify that bilingualism is an asset (fluent in French and English) but is required for Quebec only as the position will regularly serve our clients with French and English-speaking needs.
• Experience and knowledge of group benefit products is an asset
• Extensive knowledge of Excel is an asset
• Knowledge of Group Underwriting and knowledge of benefit pricing would be an asset

The base salary for this position is between $53,500.00 minimum - $80,200.00 maximum 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.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well‑being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well‑being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact [e-mail].

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.