Senior Underwriting Manager, Group Benefits
1 day ago
We are seeking a seasoned Senior Underwriting Manager to lead our Group Underwriting team at Empire Life. As a key member of our leadership team, you will be responsible for driving the technical performance and development of underwriters, ensuring they operate at an expert level while providing customer-centric solutions.
The successful candidate will have a strong ability to drive initiatives, contribute to business growth, and evolve our organization through digital transformation, process optimization, and product evolution. They will also possess in-depth knowledge of group benefits products, contractual provisions, risk assessment, and pricing methodologies.
Key Responsibilities:- Develop and communicate process and practice changes, including maintenance of Underwriting Guidelines and other relevant documents.
- Assess financial risk and exposure for group insurance benefit products, approving sales of group benefits policies while ensuring compliance with Company and Reinsurers' guidelines and governmental regulations.
- Use experience and judgment to determine optimal solutions meeting customer needs, leveraging Underwriting guidelines, product knowledge, and government regulations.
- Lead sound underwriting philosophy and practices within Company guidelines, ensuring sound Reinsurance administration policies and procedures are in place.
- Act as subject matter expert and external technical point of contact for key high-value partnerships, consulting on methodology, acquisition, retention, and profitability measures.
- Support review, internal coaching, exception handling, and external stakeholder management for complex cases over $500k in annualized premium.
- 10+ years of experience underwriting group business at a senior level.
- Proven knowledge of group benefits products, contractual provisions, risk assessment, and pricing methodologies.
- Strong analytical and problem resolution skills, with the ability to be decisive and show good judgment.
- Well-developed mathematical skills, communication, negotiation, persuasion, and presentation skills.
- Completion of a university degree or college diploma in a relevant field and GBA or CEBS Designation.
- Estimated Salary Range: $120,000 - $150,000 per annum, depending on experience.
- A comprehensive total rewards package, including competitive salaries, annual bonus program, comprehensive employer-funded benefits package, flexible work arrangements, and generous time off.
- An opportunity to grow your skills while directly contributing to the business unit's success.
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