Group Insurance Underwriter (Intermediate To Senior Level)

The client is a leading-edge consulting firm based in Ontario that specializes in Group Benefits and building better employee benefits programs for organizations. They are looking for a Group Insurance Underwriter to join their successful team.

Key Responsibilities

• Prepare pricing for plan design changes and illustrate the financial implications to client.
• Handling all aspects of marketing including preparation of specifications, responding to the market’s queries, summarization, and comparison of all quotes received.
• Understand the complexities of group benefits and the products available.
• Handling all aspects of a group insurance renewal, including analyzing the insurer’s proposed position and negotiating the best result available for each client.
• If applicable, review the accuracy of refund-accounted or ASO financial reconciliations provided by insurer.
• Calculate projected renewal rating (based on 9 months of experience) and write letter outlining the results, for clients’ budgeting purposes.
• Write comprehensive report (whether for renewal, marketing or financial reconciliation) including meaningful descriptions, analysis and recommendations.
• Assist Account Executives with recommendations for improvements in plan designs and help to identify any areas of risk for the client.

Key Qualifications

Core Competencies

• Strong verbal and written communication skills (in English).
• Intermediate knowledge level of Excel
• Must be analytical and possess strong decision-making skills.
• Results-focused, pro-active, and service-oriented.\
• Ability to work independently.
• Strong working mathematical skills.
• Ability to multi-task and prioritize workload.

Education and Experience

• University or College degree.
• Excellent computer software usage skills, mainly with Microsoft Word and Excel.
• Minimum 10 years of combined experience as a Group Benefits Underwriter with a major Canadian insurer and/or a group benefits consulting firm is required.