Underwriting Consultant

Sun Life; Waterloo; On-site; CAD 70,000 - 100,000; Full time

Job summary

A leading insurance company is seeking an Underwriting Consultant for their Waterloo office. This role involves analyzing and evaluating applications for Life and Critical Illness Insurance, ensuring top-notch service and expertise. Benefit from a supportive culture that fosters personal growth, career development, and a flexible working environment. Enjoy a comprehensive benefits package, including a pension plan, stock ownership program, and various wellness initiatives.

Benefits

Flexible Benefits

Pension Plan participation

Stock Ownership Program

Paid vacation based on experience

Sabbatical Program allowance

Investment in non-profit organizations

Care Days for personal health

Qualifications

• Minimum 3 years of experience as an Individual Life Underwriter.
• Existing Life and Critical Illness signing authorities.
• Knowledge of medicine and risk factors.

Responsibilities

• Analyze medical, personal and financial information for insurance applications.
• Assess and classify risk, negotiate decisions with reinsurers.
• Communicate decisions effectively to financial advisors.

Skills

Analytical skills

Judgement

Problem-solving

Decision-making

Interpersonal skills

Service-oriented attitude

Education

Bachelor's degree or equivalent

ALU certificate

Fellow, Academy of Life Underwriting (FALU)

Fellow, Life Management Institute (FLMI)

Job description

Looking to grow your career? At Sun Life, our first focus is our people. We partner with you to build YOU . Our underwriting schools and focus on continuing education are seen as industry benchmarks. Our technical training supports your progression on both product knowledge and signing authority. It’s not just about the WHAT , Sun Life invests in the HOW with an emphasis on leadership and core competency skills development. The right combination of training and YOU help Sun Life be industry best.

Sun Life provides career paths in our dedicated channel, independent channel, High Net Worth, and Underwriting Risk Management teams. We are looking for YOU to make a difference while using the best technologies and methodologies in the industry.

At Sun Life you’ll get to be part of a supportive culture and community that celebrates each other’s successes and supports one another through learning opportunities.We alsooffer a hybrid working environment. Enjoy flexibility to work from home and in the office!

What will you do?

• Analyze medical, personal and financial information to evaluate eligibility for applications submitted for Life and Critical Illness Insurance products
• Assess and classify risk. Gather additional information, obtain medical tests or refer cases as required
• Approve cases within authority limit. Submit cases exceeding limits to be co-signed
• Where decisions are unfavourable for the client, try to negotiate a better decision from our reinsurers, in accordance with reinsurance treaties and internal rules
• Liaise with business leaders and advisors delivering exceptional service and expertise
• Communicate and explain decisions effectively to financial security advisors and / or client’s physician as required
• Respond to inquiries from financial advisors and general agents without revealing confidential content
• Maintain medical knowledge and stay current on underwriting approaches

What do you need to succeed?

• Minimum 3 years of experience as an Individual Life Underwriter
• Existing Life and Critical Illness signing authorities
• Bachelor's degree or equivalent
• Analytical, judgement, problem-solving and decision-making skills
• Knowledge of medicine and risk factors
• Service-oriented attitude with interpersonal skills to work collaboratively with our internal and external partners
• Proven ability to meet tight deadline, work under pressure prioritizing multiple tasks
• Specialized training : ALU certificate and commitment to ongoing education with a goal of attaining the Fellow, Academy of Life Underwriting (FALU) and Fellow, Life Management Institute (FLMI) designations

Reasons why should you join us under the sun

• A caring, supportive, and inclusive culture
• Supportive leadership who’s focused on your success and well-being
• Endless growth opportunities with multiple career paths in our dedicated channel, independent channel, high net worth and underwriting risk management teams
• Continuous improvements that focus on enhancing your work and our clients’ experience #makeadifference
• Sustainability commitments to create a cleaner, more inclusive and sustainable future for our communities

We also offer a number of programs and offerings to help our Employees achieve lifetime financial security and live healthier lives, some of these include :

• Flexible Benefits from the day you join to meet the needs of you and your family
• Pension Plan participation starts immediately, and you are automatically enrolled. We help you save more with Sun Life automatic and matching contributions and by including both your salary and bonus when making contributions
• Stock Ownership Program gives you the chance to invest in Sun Life and get a company match
• Pay for performance reward
• Paid vacation based on experience, 5 Care Days available for self-care or care of others (i.e., family or others you may support) and 10 Sick Days to support your well-being
• Our unique Sabbatical Program gives you the opportunity to take up to 6 weeks off, every five years
• Investment in not-for-profit organizations that are important to you

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Underwriting Consultant • Waterloo, Ontario