Risk Assessment Underwriter

Foresters Financial; Canada; Hybrid; CAD 50,000 - 70,000; Full time

Job summary

A financial services company is seeking a Risk Assessment Underwriter to provide initial underwriting assessments for applicants. You will ensure timely responses to inquiries and maintain effective relationships with producers. Ideal candidates will have 1-2 years of underwriting experience and strong communication skills. This position has an emphasis on customer service and continuous knowledge enhancement in underwriting standards.

Qualifications

• Minimum of 1 - 2 years of underwriting knowledge.
• Basic knowledge of underwriting theory and principles.
• Strong communication skills to explain underwriting assessments.

Responsibilities

• Provide underwriting opinions to inquiries from US producers.
• Ensure the toll-free line is answered within acceptable time standards.
• Review simplified issue policies for acceptance under a fully underwritten basis.
• Establish effective relationships with producers and internal staff.
• Continuously upgrade knowledge with relevant legislation and trends.

Skills

Underwriting knowledge

Risk assessment skills

Consultation skills

Communication skills

Customer service focus

Job description

Overview

Career Opportunity Role Title Risk Assessment Underwriter

Purpose of role: Provide a preliminary underwriting assessment of the insurability of proposed applicants received via phone or email for our US and Canadian clients. This role may be performed either in the US or Canada.

Responsibilities

• Provide underwriting opinions to risk assessment inquiries from US producers via a toll free number.
• Ensure that the toll free line is answered within acceptable time standards with minimum abandon rates.
• Provide an opinion on the insurability of proposed applicants by reviewing relevant underwriting manuals and eliciting pertinent information from the producers.
• Establish and maintain effective relationships with producers and internal sales staff, including communicating underwriting opinions.
• Review simplified issue policies to determine whether they can be accepted under a fully underwritten basis.
• Continuously upgrade knowledge with underwriting related legislation and regulations, and current underwriting issues and trends.
• Work with the Medical Director or other Underwriters on cases as required.
• Other projects and duties as assigned.

Qualifications

• Minimum of 1 - 2 years of underwriting knowledge.
• Basic knowledge of underwriting theory, principles, methods, systems, processes and standards attained from Part One of the Academy of Life Underwriting and LOMA programs and underwriting experience.
• Demonstrated risk assessment skills
• Consultation skills to make consistent and appropriate underwriting assessments within Foresters policies and standards.
• Strong communication skills to effectively provide and explain appropriate underwriting assessments to producers.
• Excellent customer service focus with experience in a call centre environment an asset.
• Knowledge of the Foresters purpose, goals and objectives to ensure compliance of decisions with Foresters policies and standards.
• Participate in LOMA/ALU courses.

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [e-mail] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.