Insurance Risk Analyst II

4 weeks ago

Kitchener, Ontario, Canada Wawanesa Full time

Working Business Language: English
Salary: At Wawanesa, we recognize that salary is just one aspect of a comprehensive and competitive benefits package we offer to our employees. Alongside salary, both full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs, and generous vacation time, personal days, premium-free benefits, and a pension plan.

The salary for this position is determined based on various factors, including but not limited to: your work location, local labor market conditions, external market salary data, internal pay equity, and the knowledge, skills, experience, and anticipated proficiency in the role. The estimated salary range for this role is between $60,000 and $70,000. Candidates with salary expectations outside of this range are still encouraged to apply.

About Us
At Wawanesa, we take pride in offering a hybrid work environment that provides flexibility for our employees to balance in-office and remote work. We are currently seeking dedicated, driven, and enthusiastic individuals who thrive in a dynamic environment and are looking for opportunities for diverse experiences and advancement within a growing team.

Job Overview

Under general supervision, the Group Underwriting Specialist is responsible for evaluating the acceptability of moderately complex business with moderate premium volume in accordance with company guidelines. This role involves collaborating with our sales team and delivering value-added expertise and service to both potential and existing policyholders.

Job Responsibilities
  • Conduct risk assessments utilizing group underwriting principles and tools, as well as external data sources, for quoting, negotiating, and authorizing risk acceptance.
  • Analyze group insurance requests for quotations and underwriting requirements to assess the degree of risk involved by evaluating claim history, occupational hazards, financial background, insurable interest, and other relevant information for both Traditional and Specialty lines of business.
  • Determine eligibility for policy renewals based on company guidelines and retention objectives.
  • Maintain accurate records of decisions made and ensure the completeness of policy data.
  • Communicate decisions and respond to inquiries in a timely and professional manner.
  • Deliver exceptional customer service and foster positive relationships with internal and external clients.
  • Maintain a solid understanding of rating procedures, policy wordings, underwriting policies, and regulations.
  • Assist with field inquiries regarding coverage details, changes, and renewal ratings promptly and professionally.
  • Efficiently manage work assignments, including assigned projects.
  • Build and maintain positive working relationships with internal and external stakeholders, including networking at industry events.
  • Effectively communicate with distribution partners.
  • Work collaboratively towards achieving the department's Key Performance Indicator (KPI) goals.
  • Engage with reinsurance partners regarding special situations and additional risk acceptance when appropriate.
  • Perform other duties as assigned.
Qualifications
  • Post-secondary education or relevant business experience.
  • A minimum of three years of experience in the Group/Specialty Insurance industry or at least two years of group underwriting experience.
  • Completion or active pursuit of a Group Benefits Associate (GBA) or Certified Employee Benefit Specialist (CEBS) designation.
  • Proficient in Microsoft Office Suite.
  • Exceptional attention to detail with the ability to review information thoroughly and comprehensively.
  • Strong analytical, problem-solving, mathematical, and communication skills with the capability to provide justification.
  • Excellent time management skills with the ability to adapt to changing priorities and fluctuating workloads to meet deadlines.
  • Strong written and verbal communication skills with the ability to present information persuasively.

Wawanesa is proud to be recognized as one of Manitoba's Top Employers, a Kincentric Best Employer in Canada, and a Forbes Best Employer in Canada, reflecting our commitment to providing an exceptional workplace.

Diversity, Equity, Inclusion & Belonging
Wawanesa is an equal opportunity employer dedicated to fostering a diverse workforce that is equitable and inclusive for all. We provide equal employment opportunities to all employees and applicants without regard to an individual's protected status. Disability or medical-related accommodations are available upon request throughout all aspects of the recruitment and selection process.

If you are interested in this exciting and challenging position with Wawanesa, we encourage you to apply today with your resume.

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