Group Benefits Consultant
Group Benefits Consultant
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Job Description
What Youll Do:
Reporting to the Principal Benefits Consultant youll be responsible for the oversight of benefit plan activity and strategic opportunities for the Ontario EducationBased Employee Life and Health Benefit Trusts (ELHTs). Drawing on their experience in group benefits consulting and underwriting the Group Benefits Consultant will apply their relationship management benefits knowledge analytical skills and operations expertise to enable the ELHT Trustees to make informed decisions to support high quality and financially sustainable benefit programs.
The core parts of your role will be to:
- Monitor overall benefit plan activity to determine if the plans are performing as projected and identifying factors that are influencing plan activity (financial enrolment demographics claims reserves pooling environment).
- Accountable for writing and delivering the client monthly and quarterly benefit reports and presentations. Working closely with the Underwriting Analysts who produce the data for the reports the Group Benefits Consultant will direct review and add insights to the reports to highlight the results to the ELHT Trustees.
- Work closely with the members of the consulting team to provide updates on changes to the benefits industry education industry and public policy (legislation) that impact the ELHT benefit programs.
- Working closely with the OTIP Client Relations Manager ELHT Executive Directors and ELHT Committees on plan design reviews the Group Benefits Consultant will facilitate any required analysis with the Underwriting Analysts and produce the final report and presentation of results.
- Collaborate with the OTIP Leadership Team the Consulting Team and the ELHTs to identify evaluate and implement strategic opportunities that would enhance OTIPs competitiveness and the ELHT benefits program. Responsible for monitoring the activity of these programs.
- Responsible for communicating changes requested by the ELHTs to the assigned OTIP Underwriting Specialist to ensure that any changes are accurately implemented.
- Accountable for the preparation and delivery of the annual carrier renewal and audited financial statement review. Working closely with the Underwriting Analysts on the renewal review and financial statement reconciliation the Group Benefits Consultant will provide insights and recommendations to the ELHTs.
- Support the ELHTs with its annual actuarial study and financial audit. Working closely with the Underwriting Analysts the Group Benefits Consultant will ensure that all required information is provided to the actuary and auditors and provide direct support as required.
- Support the ELHTs with any collective bargaining requests as well as high level member claims exceptions. Working closely with the Underwriting Analysts and Specialists to assess requests and prepare supporting reports.
- Participate in corporate initiatives that will enhance OTIPs competitiveness as well as high level escalations brought forward from the ELHT Executive Directors.
- Provide training and support to the Benefits Specialist and Analysts.
Qualifications :
Lets Talk About You:
This is the unique blend of skills and experience we would love to see in an ideal candidate:
- A university degree or college equivalent and a C.E.B.S. designation or other industry equivalent.
- A minimum of ten years experience in group insurance underwriting or working with the financial aspects and provisions of group insurance.
- A high level of knowledge of insurance contracts and provisions underwriting agreements underwriting and administration practices. High degree of understanding of large case Life Health and Dental plans (over 10000 lives) would be considered an asset.
- Exceptional verbal and written communication skills and the demonstrated ability to deal effectively with all levels of internal and external stakeholders.
- The demonstrated ability to provide outstanding service in an accurate and efficient manner.
- Superior time management and organizational skills to manage competing priorities including project management skills.
- Intermediate knowledge of Microsoft Office Suite applications (Excel Word PowerPoint).
- The ability to communicate in French is considered an asset.
We also consider your potential. If you know you have what it takes to do the job but your experience doesnt exactly match the qualifications above we encourage you to apply and provide us with more details about why you think you would be a great fit.
Additional Information :
Some of the Perks We Offer:
We offer bestinclass pension and benefits total reward programs and comprehensive mental wellness supports to set you up for every success in and outside of work. Here are just some of the reasons youll love working here:
- Rewarding salary and bonuses that truly value your dedication
- Industryleading group benefits with 100 premium coverage (excluding LTD) that start on your first day
- Defined benefit pension plan for a financially confident retirement
- 100 coverage of approved continuing education and licensing fees (including RIBO courses in Ontario)
- Access to a wealth of learning resources including LinkedIn Learning for professional development
- Flexible workfromhome and hybrid options
- Unlock your potential with opportunities for advancement
Lets work together! If you are interested in this opportunity please apply online.
OTIP and its group of companies strive to create an accessible and inclusive work environment where everyone is treated with respect and dignity. Upon individual request we will endeavor to remove any barrier to the recruitment and selection processes and provide accommodations for persons with disabilities.
As a business we protect what matters most to our members. As an employer we value what matters most in our workplace. Together this includes fostering a diverse equitable and inclusive environment for all. We are committed to learning and evolving so we can continue to celebrate what makes us special. You are who you are and our differences are what make us unique.
We are an equal opportunity employer and encourage applications from all qualified individuals. We thank all applicants for their interest; however only candidates selected for an interview will be contacted.
#LIHybrid
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
