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Group Benefits Analyst
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Toronto, Ontario, Canada Canada Life Full timeJob Title: Group Benefits AnalystCanada Life is seeking a highly skilled Group Benefits Analyst to join our team. As a key member of our Growth Strategy, you will play a critical role in supporting the underwriting analyst functions for new business quotes and renewing current Employee Benefit Plans.Key Responsibilities:Prepare Request for Proposals (RFP)...
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Group Benefits Analyst
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Toronto, Ontario, Canada Canada Life Full timeJob Title: Group Benefits AnalystCanada Life is seeking a highly skilled Group Benefits Analyst to join our team. As a key member of our Growth Strategy, you will play a critical role in supporting the underwriting analyst functions for new business quotes and renewing current Employee Benefit Plans.Key Responsibilities:Prepare Request for Proposals (RFP)...
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Group Benefits Analyst
2 months ago
Canada Life is seeking a highly skilled Group Benefits Analyst to join our team. As a key member of our Growth Strategy, you will play a critical role in supporting the underwriting analyst functions for new business quotes and renewing current Employee Benefit Plans.
Key Responsibilities:- Prepare Request for Proposals (RFP) for Non-Refund and Administrative Service Only (ASO) up to the field underwriting limit, including manual rate calculations and experience rate analysis.
- Analyze data, identify plan design, and make basic pricing decisions to drive new sales and renew existing employee benefit plans.
- Respond to requests for pricing plan amendments.
- Calculate manual rates by manipulating data and determining the proper setup of classes and benefit descriptions.
- Recommend plan design and product solutions to Account Managers through analysis of client claiming patterns and within a financial advisor's book of business.
- Prepare experience analyses on all benefits (Life, Long Term Disability, Short Term Disability, Health, and Dental benefits) based on experience information provided.
- Track management report requirements for the office, ensuring that the information compiled can be utilized by management to make sound business decisions and achieve regional objectives.
- Strong mathematical skills and financial aptitude.
- Strong organization and time management skills with the ability to manage multiple projects simultaneously, often with scheduled deadlines.
- Underwriting and/or Group Life & Health Insurance experience is a definite asset.
- Strong analytical and problem-solving ability.
- Strong team commitment and collaboration skills.
- Ability to show initiative and be self-motivated.
- Dedication to continual learning and self-development.
- Good verbal and written skills, as well as customer service skills.
- Strong computer skills, especially in Excel, Word, Salesforce, PowerPoint, and MS Teams.
Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we're one of Canada's leading insurers with interests in life insurance, health insurance, investment, and retirement savings.
We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.
