Senior Underwriter

SE Underwriting; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading insurance company is seeking a Senior Underwriter to join their TPA Underwriting team. This hybrid position will entail working closely with stakeholders to deliver tailored solutions for large groups. Ideal candidates will have 5-10 years in group benefits underwriting and a strong analytical background, with competencies in Excel and excellent communication skills. Competitive compensation and benefits are included.

Benefits

Extended health care and dental benefits

Retirement savings plan with company contributions

Health & Wellness programs

Mental health support

Assistance in completing industry designations

Competitive compensation

Qualifications

• Minimum 5 to 10 years of increasing responsibility in related roles.
• Experience working on large group benefits accounts.
• Strong knowledge of group insurance products and pricing methodologies.

Responsibilities

• Maintain understanding of group insurance markets.
• Develop and deliver client renewal strategies.
• Provide ongoing analytical support and reports.
• Monitor and report on clients' cost/utilization patterns.

Skills

Analytical skills

Communication skills

Relationship management

Mathematics

Problem-solving skills

Education

Post-secondary education in relevant field

Tools

Microsoft Excel

PowerPoint

Word

Job description

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 groups. This technical role involves partnering with the Single Employer sales and service teams, as well as other stakeholders including shared service areas, carriers, and supplier partners, to deliver tailored solutions and service excellence to our clients.

The Senior Underwriter will:

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

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

• Minimum 5 to 10 years of increasing responsibility in related roles such as group benefits underwriting, consulting, or actuarial work.
• 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 knowledge of group insurance products, plan designs, 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.
• Self-motivated, highly driven, team player, capable of working independently.
• Ability to prioritize time-sensitive deadlines in a fast-paced environment.
• Effective attention to detail and high accuracy
• A client-centric mindset and innovative thinking to create efficiencies for unique client needs.
• Continuous learning in group benefits within an evolving environment.

All-star candidates will have:

• GBA or CEBS designation, LLQP license, and/or Actuarial designation (assets).

What's in it for you:

• Learn from experts involved in the end-to-end group benefit services and solutions.
• Extended health care and dental benefits.
• A retirement savings plan with company contributions.
• A suite of Health & Wellness programs.
• Mental health support for you and your family.
• Assistance in completing industry designations.
• Competitive compensation

At People Corporation, we are committed to fostering an inclusive, accessible environment where all employees and clients feel valued, respected, and supported. We aim to build a diverse workforce that reflects the communities we serve and provide opportunities for everyone to reach their potential. If you require accommodations or alternative formats for any postings, please contact us.

Required Experience: Senior IC

Key Skills: Loan Processing, Credit Analysis, Fraud, Math, Risk Analysis, Pricing, Analysis Skills, Fair Housing Regulations, Equity Research, Underwriting, Negotiation, RMF

Employment Type: Full-Time

Experience: years

Vacancy: 1