Senior Underwriter, Life & Living Benefits

Co-operators; Hamilton; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading company in the financial services sector is seeking a Senior Underwriter for Life & Living Benefits. The role focuses on risk assessment for individual insurance products and involves collaboration with various teams to support underwriting processes. Ideal candidates will have strong decision-making skills, relevant education, and a commitment to continuous improvement.

Benefits

Flexible work options

Paid time off

Health and wellness programs

Comprehensive benefits

Paid volunteer days

Retirement plans

Qualifications

• 2-3 years of related experience in underwriting.
• Progress towards or completed FALU or FLMI designation.
• High integrity in handling confidential information.

Responsibilities

• Review and analyze medical, financial, personal information to assess risk.
• Make high-level decisions in accordance with company guidelines.
• Collaborate with Distribution Management and support advisors.

Skills

Decision-making

Communication

Interpersonal skills

Education

Post-secondary education

Job description

Senior Underwriter, Life & Living Benefits

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Job Overview

The Senior Underwriter provides risk assessment for individual insurance products, including life, critical illness, and medical disability lines. The role involves working closely with the field to support, train, and resolve issues, as well as guiding less experienced underwriters and participating in product and process improvements.

Key Responsibilities

• Review and analyze medical, financial, and personal information to assess risk.
• Evaluate complex applications and policy changes, considering multiple risks and their interactions.
• Determine reinsurance impact and escalate cases as needed.
• Make high-level decisions in accordance with company guidelines and standards.
• Maintain electronic summaries of underwriting requirements in the Phoenix system.
• Collaborate with Distribution Management on complex cases and training.
• Support advisors in processing business accurately and promptly.
• Identify when deviations from procedures are necessary and recommend referrals.

Qualifications

• Post-secondary education with 2-3 years of related experience.
• Progress towards or completed FALU or FLMI designation.
• Strong decision-making, communication, and interpersonal skills.
• High integrity in handling confidential information.
• Effective resource management and commitment to continuous improvement.

Additional Requirements

• Proficiency in English; French is an asset.
• Ability to work with diverse teams outside Québec.
• Flexible work options and paid time off.
• Health and wellness programs, mental health support, and comprehensive benefits.
• Paid volunteer days and a total rewards package including retirement plans and insurance.
• Level : Mid-Senior
• Type : Full-time
• Function : Finance and Sales

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