Senior Underwriter, Life & Living Benefits

Co-operators; Regina; Remote; CAD 70,000 - 90,000; Full time

Job summary

A leading Canadian financial services co-operative is seeking a Senior Underwriter for Life & Living Benefits. This role involves assessing risks for individual insurance lines and providing support and training to junior underwriters. Join a passionate team dedicated to delivering tailored solutions and ensuring client satisfaction.

Benefits

Training and career development opportunities

Flexible work options and paid time off

Comprehensive health, wellness, and mental health programs

Paid volunteer days

Retirement plans and benefits

Qualifications

• 2-3 years of relevant experience in underwriting.
• Progress towards FALU or FLMI designation preferred.
• High integrity with confidential information.

Responsibilities

• Review and analyze medical, financial, and personal information to categorize risks.
• Assess complex applications and policy changes using product knowledge.
• Guide less experienced underwriters and participate in process improvements.

Skills

Critical thinking

Communication

Interpersonal skills

Education

Post-secondary education

Job description

Senior Underwriter, Life & Living Benefits

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Senior Underwriter, Life & Living Benefits

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Talent Acquisition Advisor@ Co-operators, Ex-Amazon, technical recruiter with 8 years of experience

Company: CLIC

Department: Underwriting

Employment Type: Regular Full-Time

Work Model: Remote

Language: English is required, French is an asset.

Additional Information: This/these role(s) is/are currently vacant

The Opportunity

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society. Our team is essential to deliver on this strategy. We prioritize our people to ensure a strong culture and development opportunities that enable our team to thrive and live our purpose. You will work with passionate colleagues who care about you, our clients, and our communities.

Our Individual Insurance team provides financial security and peace of mind for Canadians. We focus on delivering competitive solutions tailored to our clients' needs. Our success stems from a specialized team passionate about excellence, innovation, and sustainable practices.

The Role

The Senior Underwriter assesses risk for individual insurance lines, including life, critical illness, and medical disability. The role involves working closely with the field, providing training, support, and issue resolution. You will guide less experienced underwriters and participate in product, policy, and process improvements.

Key Responsibilities

• Review and analyze medical, financial, and personal information to categorize risks.
• Assess complex applications and policy changes using product knowledge and guidelines.
• Understand reinsurance impact and determine when to escalate cases.
• Make high-level decisions aligned with company policies and standards.
• Compile underwriting summaries on the Phoenix system for client requirements.
• Collaborate with Distribution Management on complex cases and training.
• Support advisors in processing their business accurately during sales periods.
• Identify when to deviate from procedures or seek referrals for complex cases.

Success Factors

• Commitment to continuous improvement and exceeding client expectations.
• Critical thinking skills to identify and solve problems.
• Strong communication skills for clear messaging.
• Effective team player who shares knowledge and supports peers.

Qualifications

• Post-secondary education with 2-3 years of relevant experience.
• Progress towards FALU or FLMI designation preferred.
• Decision-making, communication, and interpersonal skills.
• High integrity with confidential information.
• Efficient resource management and continuous process improvement.
• Proficiency in English; French is an asset, especially for non-Québec teams.

Additional Information

• Maintain strict confidentiality regarding client information.

Benefits

• Training and career development opportunities.
• Flexible work options and paid time off.
• Comprehensive health, wellness, and mental health programs.
• Paid volunteer days and a total rewards package including retirement plans and benefits.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance and Sales