Senior Underwriter

People Corporation; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

A leading benefits provider in Canada seeks a Senior Underwriter to join their TPA Underwriting team. This hybrid role involves servicing the specialized needs of large group clients, providing analytical support, and developing renewal strategies while building relationships with carriers. The ideal candidate has 5-10 years of experience in group benefits underwriting and a strong educational background in Actuarial Science or related fields. The company offers competitive compensation and a supportive work environment.

Benefits

Extended health care and dental benefits

Retirement savings plan with company contributions

Mental health programs and support

Qualifications

• 5 to 10 years experience in group benefits underwriting or related roles.
• Strong understanding of group insurance products and pricing methodologies.
• Ability to handle large group benefits accounts.

Responsibilities

• Maintain a full understanding of group insurance markets and funding alternatives.
• Develop pre- and post-renewal strategies for clients.
• Monitor and report on clients' cost/utilization patterns.

Skills

Group benefits underwriting

Analytical skills

Relationship building

Problem-solving skills

Attention to detail

Education

Post-secondary education in Actuarial Science or related field

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Job description

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We are looking for a dynamic individual who enjoys working in a fast-paced and growing company to join our TPA Underwriting team as a Senior Underwriter. This is a hybrid role and can be based from one of several People Corporation offices across Canada.

Reporting to the Director of Underwriting - the Senior Underwriter will be responsible for carrying out the duties of the underwriting function in servicing the specialised needs of a number of large group clients. In this technical role you will partner with the Single Employer sales and service teams and other stakeholders, including shared service areas and carrier and supplier partners, in delivering tailored solutions and service excellence to our clients. Reporting to the Director of Underwriting - the Senior Underwriter will be responsible for carrying out the duties of the underwriting function in servicing the specialised needs of a number of large group clients. In this technical role you will partner with the Single Employer sales and service teams and other stakeholders, including shared service areas and carrier and supplier partners, in delivering tailored solutions and service excellence to our clients.

The Senior Underwriter Will

• Maintain a full understanding of the group insurance markets, funding alternatives, networks and benefit plan options
• Work closely with your leader to develop and deliver on pre- and post-renewal strategies, supporting the financial requirements of the client
• Provide ongoing analytical support, including compiling financial reports, monthly and quarterly utilization, annual renewal reports, market benchmarking reviews and ad-hoc requests
• Monitor and report on clients’ cost / utilization patterns, identifying cost drivers, trends, areas of risk and other outliers
• Review and negotiate renewal rating proposals with carriers and completing the renewal cycle with reporting and commentary
• Provide analyses and support on RFPs, amendment pricing and renewal projections
• Assist with the preparation of marketing specifications, review and prepare cost comparisons of carrier proposals
• Establish and maintain positive carrier / vendor relationships for the sustainable collective benefit of our clients

To be successful as a Senior Underwriter, with People Corporation, you will need :

• Minimum 5 to 10 years’ experience of increasing responsibility in a related role, such as group benefits underwriting, group benefits consulting, and actuarial consulting
• Experience working on large group benefits accounts with complex needs
• Post-secondary education in Actuarial Science, Mathematics, Statistics, Finance, Economics, Business Administration, Data Science, or a related field
• Strong working knowledge of group insurance products and plan designs
• Solid understanding of the various funding arrangements and pricing methodologies
• Strong analytical, mathematical and problem-solving skills
• Proficiency in Microsoft Excel, PowerPoint, and Word
• Excellent written and verbal communication skills
• The ability to develop and leverage relationships, both internally and externally with clients
• To be self-motivated, highly driven, a team player, with the ability to work independently
• The ability to prioritize time-sensitive deadlines in a fast-paced environment
• Effective attention to detail and a high degree of accuracy
• A client centric mindset and outside the box thinking to create efficiency around unique client requirements
• Continuous improvement of your knowledge in group benefits in an ever-changing environment

All-star Candidates Will Have

• GBA or CEBS designation, LLQP license, and / or Actuarial designation will be an asset

What's In It For You

• Learn by working alongside our experts involved in the end-to-end group benefit service and solution continuum
• Extended health care and dental benefits
• A retirement savings plan with company contributions
• A suite of Health & Wellness offerings
• Mental Health programs and support for you and your family
• Assistance for the completion of industry designations
• Competitive compensation

At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders.

Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to. 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 employeehas the opportunity toreach their potential. If you require an accommodation or an alternative format of any posting please reach out to [e-mail].

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Insurance

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