06 Sep
|
Co-operators
|
Moncton
06 Sep
Co-operators
Moncton
Employment Type: Regular Full-Time Work Model: Hybrid (2 days in office) Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. The best part is that you will work with people that care passionately about you, our clients and our communities.
The Group
Underwriter assesses risk and analyzes the overall composition of a group, in order to establish and approve premium rates, expenses, commissions and policy provisions for new and existing business, assuring the total risk is not excessive for groups with pooled financial accounting arrangements. This position works in a team environment to maintain profitable group insurance and to provide superior external and internal customer service. Analyze, prepare and calculate renewal rates for pooled financial arrangements within the assigned portfolio using manual and experience rating methods to retain business and contribute to the profitability of group insurance.
Portfolio may include small stand alone and broker blocks, TPAs and agent accounts. Analyze premiums, claims, experience rating methodology, demographic changes, trends, legislative changes, guidelines, pricing strategies, policy provisions & expenses in order to calculate appropriate renewal rates. Calculate and using sound judgement determine the appropriate renewal premium rates, expenses, commissions and policy provisions considering pertinent facts, information, policies legislative changes and guidelines to comply with corporate retention, profitability and adequacy levels.
Analyze,
calculate competitive pricing and release current business quotes for pooled financial arrangements within the assigned portfolio using manual and experience rating methods to acquire business and contribute to the profitability of group insurance. Portfolio may include small stand alone and broker blocks, TPAs and agent accounts. Determine the appropriate premium rates, expenses, commissions and policy provisions considering pertinent facts, information, policies legislative requirements and guidelines to make timely rating decisions while identifying all deviations.
Completion of post secondary education with two years of related work experience. Thorough knowledge of group insurance products as well as pricing for each product. You influence change and are committed to continuous improvement, in order to exceed client expectations.
Training and development opportunities to grow your career. Flexible work options and paid time off to support your personal and family needs. Paid volunteer days to give back to your community. In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.
The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education. Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics. #
📌 Insurance Underwriter (Moncton)
🏢 Co-operators
📍 Moncton