Underwriting Analyst

The Canada Life Assurance Company; Winnipeg; Hybrid; CAD 43,000 - 68,000; Full time

Benefits offered by this job

Education reimbursement up to $2,000/년

Health & Wellness benefits including $

Volunteer day

Company-matching pension plan

Share ownership program

Employee discounts

Job summary

The Canada Life Assurance Company is seeking an Underwriting Analyst in Winnipeg for the Group Underwriting department. The role focuses on compiling data, performing manual rate calculations, and maintaining premium rates on Canada Life billing systems.

You will deliver renewal analyses and financial reports to Underwriters and Account Executives. You will bring strong Excel skills, curiosity, teamwork, and the ability to meet tight deadlines, with a path toward CEBS designation under CEBS

Qualifications

• Post-secondary education or equivalent experience.
• Strong math and numerical aptitude.
• Excel proficiency and ability to learn new tools quickly.
• Excellent verbal and written communication.
• Ability to meet tight deadlines and handle multiple tasks.

Responsibilities

• Perform manual rate calculations and premium rate coding for renewals.
• Prepare renewal analyses, rate exhibits and financial reports for Plan Sponsors.
• Review premiums, claims, rates and reserves for accuracy; coordinate data fixes.
• Assist with non-standard reporting and financial estimates.
• Support the Underwriting team and partners in data gathering and analysis.

Skills

Excel

Interpersonal skills

Communication

Time management

Critical thinking

Problem solving

Customer focus

Collaboration

Attention to detail

Security clearance

Education

Post-secondary education or equivalent

GBA/CEBS designation pursuit

Tools

ARC tool

Billing systems

Job description

Permanent Full Time

We are looking for an Underwriting Analyst

The Group Underwriting department is responsible for assessing the risk and making decisions associated with the sale of an employer benefits plan, amendments to that plan and the annual renewal of the plan. And, at times, provide annual financial reports to clients about their plan.

The Underwriting Analyst supports Group Underwriters by compiling information from various systems/reports into renewal analysis tools and financial report tools, plus manual rate calculations and maintenance of the premium rates on Canada Life billing systems. They perform validation of the information gathered and deliver final output to the Underwriter.

What you will do:

Manual Rate Calculations and Premium Rate Coding:

• Review employee data received from the Plan Sponsor for reasonableness and accuracy then manipulate it for import into the ARC tool
• Calculate manual rates at renewal and for options/costings, performing analysis on the change in a group’s manual rate year over year

Renewal and Financial Preparation:

• Review premium, claims, rates, and reserves for accuracy and reasonableness
• Identify erroneous data and coordinate with partner departments to fix the data
• Create the renewal analyses, rate exhibits and listings that are part of the package delivered to the Plan Sponsor by the Underwriter and the Account Executive
• Create the financial report that will be provided to the Plan Sponsor
• Tasks related to the financial report directly impact corporate accounting systems

Assist with non-standard on demand reporting and financial estimates:

• Assist with preparing monthly/quarterly/annual scheduled reporting

What you will bring:

• You have post-secondary or an equivalent combination of education and experience
• You are curious and inquisitive. You love math!
• You get energized when you work in partnership with team members and many internal business areas, and you do this with your excellent interpersonal skills
• You are highly proficient with Excel and easily learn new tools and applications
• Your verbal and written communication skills are both effective and efficient
• You are a driver who has ability to meet tight deadlines, work under pressure, and prioritize multiple tasks and shifting priorities
• You are a critical thinker who can problem-solve and make good decisions when working with incomplete information
• You understand what it means to put the customer first. That is, put the customer at the center of what we do
• You have a thirst for knowledge. Hence you have a willingness to work towards a GBA or full CEBS designation under the CEBS program
• Reliability Status security clearance - this is a personnel security status that is required before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada (https://www.canada.ca/en/public-services-procurement/services/industrial-security/security-requirements-contracting/personnel-security-screening/processes/reliability-status-request.html) website

The base salary for this position is between $43,400 - $68,400 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Canada Life

We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.

We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you!

What we offer :

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member:

• Career Development : Opportunities for career advancement, access to industry-leading learning programs and up to$2,000 annually towards education reimbursement.
• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.
• Financial Security: Company-matching pension plan,share ownership program and additionalinvestment options.
• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis on Community : We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

Learn more about Canada Life .

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact [e-mail] . All information provided will be handled in accordance with applicable laws and Canada Life policies.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted .

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