Expert Group Underwriter In Custom Reinsurance And Client Solutions (Toronto)

Expert Group Underwriter In Custom Reinsurance And Client Solutions (Toronto)

17 Apr
|
Canada Life
|
Toronto

17 Apr

Canada Life

Toronto

The Group Underwriter is a key role within our growing Group Perks team, based in Downtown Edmonton and reporting to the Manager, Group Underwriting. This role is responsible for applying underwriting best practices to evaluate, rate, and negotiate pricing for both new and existing group benefits clients. As a developing subject matter expert, the Group Underwriter will support underwriting decisions and collaborate closely with the sales team to ensure competitive and sustainable solutions. The role also provides strategic support to sales partners while staying informed on industry trends and legislative changes that influence the group benefits landscape. Annual compensation range: $50,000.00 - $75,000.00. Essential Responsibilities Evaluate, price, propose rates and strategies for Group Dental, Vision, Prescription Drugs, Other healthcare, Life, AD&D, Critical Illness, and Short Term and Long Term Disability insurance. Perform underwriting functions associated with manual and experience rating. Analyze information on industry, past claim history and trends, financial conditions, demographics, legislative changes, policy provisions and other standard criteria to calculate renewal rates. Manage assigned workload to meet internal productivity and project timelines. Understand region‑specific sales strategies and trends to inform sales processes. Assess level of risk based on established underwriting guidelines and business risk tolerance levels. Collaborate with key stakeholders to support negotiations related to plan design, deviations, expenses, price, rate guarantees and rate increase capping to attain new business and renew existing business. Provides recommendations to reduce risk while meeting clients’ needs. Contributes to the identification and development of best practices workflows and procedures. Maintains knowledge of industry related information, including mental health and wellness initiatives, economic changes, provincial drug plans and updates to legislation. Provides support to sales partners and the team regarding quotes, renewals,



and related procedures. Ensures timely and accurate financial tracking. Other duties as assigned. Qualifications Bachelor’s degree (or equivalent) in Business Administration, Economics, Actuarial Sciences, or an equivalent field is required. 2-5 years of related underwriting experience in the insurance or group benefits industry is required. Experience in supervisory capacity is an asset. Strong background in data‑driven decision‑making, underwriting analytics, and portfolio management is required. Experience with complex risk assessment, policy pricing, is an asset. Experience with regulatory compliance in underwriting in multiple provinces or at a national level is an asset. Certified Employee Benefits Specialist (CEBS) designation, Group Benefits Associate (GBA), or Fellow Life Management Institute (FLMI) designation, or equivalent is an asset. Advanced skill with Microsoft Office (Word/Excel) is required. Fluent in English with proven competencies in verbal and written communication is required. Fluent in French with proven competencies in verbal and written communication is an asset. Successful completion of a credit check, criminal background check, education verification, and employment reference checks is required before employment. Benefits Off work 1 hour early on Fridays. Earned Time‑Off Program and vacation. Group Retirement Savings Plan with employer match. On‑site gym. Educational assistance and career development. Employee benefits. Health and Wellness spending account. Employee Assistance Program (EAP). Employee discount programs. A Culture Team dedicated to diversity, inclusion, and employee programs. Employee recognition and appreciation events. French is not required for this role but is an asset; an uplift of 5% is applied after the probationary period for qualified professional level French bilingualism (both spoken and written). If you are bilingual there will be a French and English assessment as part of the recruitment process. We are an equal opportunities employer and welcome applications from all suitably qualified persons. Accommodations are available upon request. #J-18808-Ljbffr

📌 Expert Group Underwriter In Custom Reinsurance And Client Solutions (Toronto)
🏢 Canada Life
📍 Toronto

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