Manager of Underwriting
Share
Job Location:
Yearly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
The Manager of Underwriting will:
Oversee the underwriting process for group benefits products such as group health life disability and other related coverages. Ensure that all applications are evaluated and analyzed using underwriting guidelines policies and principles to ensure profitability and competitiveness of the block as a whole
Work with team to evaluate the risk associated with group insurance applications. Review and analyze group data claims history medical information and other relevant factors to determine appropriate coverage levels and premium rates.
Collaborate with carriers to set competitive and sustainable premium rates for group benefit plans based on the underwriting assessments and risk analysis.
Drive continuous process improvement initiatives within the underwriting group to enhance operational efficiency accuracy and customer experience.
Work with the VP Underwriting Group Solutions to set team goals and objectives to align with the Underwriting department
Collaborate with sales and account management teams to provide underwriting support during client presentations and meetings; address inquiries from clients brokers and other stakeholders regarding underwriting decisions and processes
Utilize data analytics and reporting tools to monitor underwriting performance trends and key metrics. Generate reports for senior management and other stakeholders to inform strategic decision-making
Hold team accountable to deliver on objectives by meeting or exceeding individual goals
Stay updated on industry trends regulatory changes and emerging risks in the group insurance space
Conduct regular training sessions for the Underwriting team on product knowledge and industry expertise to support their development performance and career progression
To be Successful as a Manager of Underwriting you will need:
7 years relevant experience in Underwriting
Proven understanding group benefits underwriting with a track record of progressively increasing responsibilities
Strong leadership and team management skills with the ability to motivate and develop a team of underwriters
In-depth knowledge of group insurance products underwriting principles and risk assessment
Familiarity with insurance regulations and compliance requirements specific to group benefits
Excellent problem solving mathematical and analytical skills
Excellent communication and interpersonal skills to collaborate with cross-functional teams clients and brokers
Strong conflict resolution ability; experience dealing with escalation processes & procedures
Proficiency with underwriting software data analysis tools and Microsoft Office suite
All-star candidates will have:
CEBS or GBA an asset
Whats in it for you:
Learn by working alongside our experts
Extended health care and dental benefits
A retirement savings plan with company contributions
A suite of Health & Wellness offerings
Mental Health programs and support for you and your family
Assistance for the completion of industry designations
Competitive compensation
Benefits by Design (BBD) is a division of People Corporation and we help working Canadians promote and protect their health wealth and happiness by delivering benefits by design. We work with small to medium-sized employers across Canada administering their group employee benefit programs. Our New Business department is looking for people with the same passion that we have for helping working Canadians. At BBD our strength comes from combining the diversity and dedication of our employees helping each other grow and providing the best customer service.
What we believe in Together adapt and grow are the fundamental values we consider in everything we do. We believe that growth is something that is not possible unless you relentlessly adapt to changing market which includes innovating with technology and attracting and keeping talented people. This role provides value add through daily customer service leveraging technology communication skills and responsiveness in order to manage a block of clients.
Providing an inclusive accessible environment where all employees and clients feel valued respected and supported is something were 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 employeehas the opportunity toreach their potential. If you require an accommodation or an alternative format of any posting please reach out to.
The base salary range for this position is $85000 - $105000 per annum. Details of the total compensation package will be shared during the interview process.
Required Experience:
Manager
Key Skills
- Loan Processing
- Load Balancing
- Risk Management
- Growing Experience
- Algebra
- Management Experience
- Fair Housing Regulations
- Underwriting
- Team Management
- Geometry
- negotiation
- Supervising Experience
