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Entry Level Group Benefits Underwriter (Hybrid)

Company

People Corporation

Address Toronto, Ontario, Canada
Employment type FULL_TIME
Salary
Category Insurance
Expires 2023-06-18
Posted at 11 months ago
Job Description

Group Benefits Underwriter
Toronto/Winnipeg (Hybrid)
At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders.
Do you like puzzles and math? Are your analytical skills not being used in your job?
This Group Benefits Underwriter opportunity can be suitable for a new grad from Mathematics, Actuarial or Statistics programs. We can provide industry training on Group Benefits underwriting and help you launch a career in our growing and prosperous industry. This role reports to the Director of Underwriting. The Group Benefits Underwriter will be responsible for analyzing plan sponsor data to make recommendations relative to the performance of clients’ employee benefits program and measuring actual results against industry standards and plan sponsor goals.
What you will do:
  • Perform ad hoc investigations of claims data in order to explain trends to consultants/account managers, for information to client.
  • Prepare client renewal reporting and reviews, including negotiations with insurers and completing the renewal cycle with reporting and commentary
  • Collaborate with other departments on processes and new product implementation
  • Price new business opportunities using both internal and external quoting systems
  • Develop and maintain positive relationships with insurance carriers & Account Managers
  • Track ongoing work, update workflow systems regularly and as necessary
  • Coordinate new business implementation with account management and implementation team
  • Gather data & perform analysis of estimated cost impact of plan design changes for self insured clients
  • Perform other duties/projects as assigned by management
  • Analyze data and multiple carrier proposals, prepare cost comparisons & recommendations to the best option for the client
What you need to be successful in this role:
  • Proficiency using MS Office products including Outlook, Word, Excel, and Power Point.
  • Entry level to 3 years previous experience underwriting in a Group Benefits environment.
  • Flexible, adaptable and open to change.
  • Ability to work well in a fast-paced environment against deadlines; can prioritize competing demands.
  • Post-secondary education in mathematical sciences, commerce or a related field.
  • Excellent organizational skills with strong attention to detail and high level of accuracy.
  • Superior communications skills, both verbal and written.
  • Must be enrolled or be willing to enroll in CEBS (Certified Employee Benefits Specialist - company sponsored!)
What's in it for you:
  • Assistance for the completion of industry designations
  • Learn by working alongside our experts
  • Extended health care and dental benefits
  • Mental Health programs and support for you and your family
  • Competitive compensation
  • A suite of Health & Wellness offerings
  • A retirement savings plan with company contributions
Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to. 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. If you require an accommodation or an alternative format of any posting please reach out to [email protected]