Senior Group Underwriting Specialist
7 days ago
About the Role
We are seeking a skilled Senior Group Underwriting Specialist to join our team at Empire Life. This is an exciting opportunity for a motivated individual to work in a dynamic environment and contribute to the success of our organization.
Job Summary
The successful candidate will be responsible for reviewing and assessing the risk for requests to quote, amendments, and renewals. They will work under the supervision of the Manager, Group Underwriting (Complex) and be guided by defined practices and guidelines.
Key Responsibilities
- Process complex requests to quote, amendments, and renewals accurately and within established turnaround time to support business sales and profitability goals
- Lead quoting, amending, and renewal activity in both non-complex and complex spaces with a focus on establishing and growing long-term partnerships
- Use experience and judgment, in conjunction with Underwriting guidelines, product and service knowledge to determine optimal solutions to meet customer needs and requirements
- Evaluate the profitability of group business through the use of subsidy application on both new business, renewals, and amendments
- Develop and present a business case to support pricing decisions; make decisions on final pricing within defined parameters
- Provide consistent interpretation of group insurance policy terms to customers and distribution partners in support of divisional goals
- Collaborate with other team members to support processing requirements
- Consult with Underwriter colleagues or the Manager, Group Underwriting (Complex) on risk-related escalations
- Process risk reviews of Mergers, Breakaways, Open Enrolments, MofAs, addition or removal of a division
- Interact with reinsurance providers to spread risks on retention amounts that exceed the Empire Life retention limit
- Engage with internal and external stakeholders to discuss client acquisition and retention strategies
Requirements
To be successful in this role, you will require:
- 3+ years of work experience in the group insurance/financial services industry with group underwriting experience and knowledge
- Proven knowledge of group benefits products, contractual provisions, risk assessment, and pricing methodologies
- Strong critical thinking, financial analysis, and interpretation skills; trend analysis skills and ability to communicate data outcomes appropriately into business terms
- Strong proficiency in Excel
- Strong communication and influential skills
- Ability to work independently and as a team member while being flexible and adaptable
- Ability to think logically, analyze, and solve problems
- Ability to organize/schedule both people and information
- Creative problem-solving skills and data-based root cause solution bias
- Proficient in Microsoft Office Suite and able to navigate a CRM platform
- GBA or CEBS Designation or interest in pursuing
- Completion of a university degree or college diploma in a relevant field
What We Offer
In exchange for your expertise and dedication, we offer:
- A competitive salary of $85,000 - $110,000 per year, depending on experience
- A comprehensive total rewards package, including annual bonus program, uncapped commission, and generous benefits package
- Flexible work arrangements and an annual allotment of personal health days
- Four weeks annual vacation from hire date
- A defined contribution pension plan with generous employer matching
- Top-up programs for parental leave and compassionate leave
- Employer-sponsored wellness and recognition programs
- A cash employee referral program
About Us
Empire Life is committed to creating a diverse, equitable, and inclusive workplace. We welcome applications from individuals of all backgrounds and experiences.
Language
This role requires fluency in English and strong communication skills.
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