UNDERWRITING STRATEGY & ANALYTICS SPECIALIST

GreenShield; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

GreenShield is seeking a Strategic Underwriting Analyst in Ontario to support the Underwriting Department by aligning activities with the Annual Operating Plan. You will analyze data, generate KPI-focused reports, and collaborate across Finance, Risk Management, and Operations to identify opportunities for profitability and growth.

The role emphasizes risk assessment, documentation, and providing insights to senior management.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Economics, or a related field. ASA or in progress towards ASA preferred.
• 2-3 years of underwriting, financial analysis, or a similar role.

Responsibilities

• Collaborate with Director of Underwriting to develop strategic plans for new business and for retaining existing business.
• Analyze underwriting data to identify trends, variances, and opportunities for improvement; generate regular reports.
• Ensure underwriting activities align with the Annual Operating Plan (AOP) and report KPIs to senior leadership.
• Identify and implement process improvements to enhance efficiency and reduce administrative effort.

Skills

Excel

SQL

Tableau

Education

Bachelor's degree in Actuarial Science, Mathematics, Economics, or related field

Job description

We are seeking a detail-oriented and analytical individual to join our Underwriting Department as a Strategic Underwriting Analyst. This role is pivotal in ensuring that our underwriting processes and decision-making are aligned with the Annual Operating Plan (AOP). The successful candidate will contribute to the strategic goals of the department by providing insights and recommendations based on thorough data analysis.

• Work collaboratively with the Director of Underwriting to develop new strategic plans for underwriting new business as well as for retaining existing business. Find creative solutions to help balance overall profitability with growth.
• Data Analysis and Reporting: Analyze underwriting data to identify trends, variances, and opportunities for improvement. Generate regular reports to track performance against the AOP.
• Alignment with AOP: Ensure all underwriting activities are in line with the AOP. Monitor and report to senior leadership on key performance indicators (KPIs) related to underwriting objectives.
• Process Improvement: Identify areas for process optimization within the underwriting workflow. Propose and implement solutions to enhance efficiency and effectiveness. Develop CI plans to reduce administrative effort and track against objectives throughout the year.
• Collaboration: Work closely with other departments such as Finance, Risk Management, and Operations to ensure cohesive alignment with the AOP. Facilitate cross-functional communication and initiatives.
• Risk Assessment: Conduct thorough risk assessments and evaluations to support underwriting decisions. Provide actionable insights to mitigate potential risks.
• Documentation and Compliance: Maintain accurate documentation of underwriting processes and decisions. Ensure compliance with internal policies and regulatory requirements.
• Stakeholder Communication: Communicate findings and recommendations to senior management and key stakeholders. Prepare presentations and reports to support decision-making.
• Evaluate monthly renewals and propose ideas for large or at-risk clients.
• Special projects: look at profitability of block arrangements or other ad-hoc client requests to help support the team.
• Support GS4SB renewals – work with director and manager to develop a process for block renewals under 50 lives.
• Offer Peer review on large quotes and renewals; step in for managers if they are out on vacation to help support the team in their absence.
• Offer ongoing training and mentoring to existing employees based on analysis and concerns/issues found during peer reviews.

WHO WE ARE LOOKING FOR

• Education: Bachelor’s degree in Actuarial Science, Mathematics, Economics, or a related field. ASA or in progress towards ASA preferred.
• Experience: Minimum of 2-3 years of experience in underwriting, financial analysis, or a similar role. Experience in aligning business operations with strategic plans is highly desirable.

Skills:

• Strong analytical and problem-solving skills.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, Tableau).
• Excellent communication and presentation skills.
• Ability to work collaboratively in a team environment.
• Detail-oriented with strong organizational skills.

Job available in these locations: Windsor, Ontario, Canada OR Toronto, Canada.

Attributes: Self-motivated, proactive, and able to manage multiple priorities. Strong ethical standards and a commitment to integrity.

GS supports diversity, equity and inclusion in our teams and communities, and we value the unique contributions made by all. We encourage applications from all candidates and will accommodate needs under human rights legislation throughout all stages of the recruitment and selection process. Please let us know of any accommodation through [e-mail]. Information received relating to accommodation will be addressed confidentially. Providing this information gives GS consent to use your personal information to assess your suitability for specific positions, future opportunities or for your personnel file. Your résumé will be held in strict confidence and will be viewed only by the Organization. Information may be stored outside of Canada and could be used for aggregate statistical purposes (which uses no personal identification). AI Usage - GreenShield leverages AI to help produce Job Descriptions, and ideate on interview questions. We also leverage AI for interview transcription support.