Job Summary
We are seeking a detail-oriented Underwriter to join our team. The Underwriter will be responsible for evaluating and assessing risks to determine approval or denial of loan applications.
Responsibilities
- Review and analyze pertinent underwriting information to complete a high-level risk assessment.
- Interpret quote specifications, Underwriting guidelines, contract provisions, commission, special arrangements, client segments and product offering to determine plan design.
- Complete the new business quoting process using the underwriting software system and input the required information into the pricing software.
- Determine appropriate volume calculation method and commission schedule, document deviations to the plan design, and generate draft proposals.
- Balance reports to premium, claims and reserve totals to ensure accuracy of renewal information.
- Analyze self-reporting renewal data to ensure all required information has been provided.
- Process new sales (groups and accounts) once approved by the underwriter, within service standards.
- Administration activities including mail distribution, filing, and preparation of files for offsite storage.
Qualifications
- One (1) year of general group insurance experience.
- One to two (1-2) years of successful office experience preferred.
- Completion of some post-secondary education in Business/Commerce or similar.
- Working toward GBA, CEBS, HIAA, ACS or other related industry designation.
- Knowledge of group benefits processes and concepts including risk factors, underwriting guideline interpretation, and policy contracts.
Perks
- Training and development opportunities to grow your career.
- Flexible work options and paid time off to support your personal and family needs.
- A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
- 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. Please contact our recruitment team for more information.
If you are a meticulous individual with a keen eye for detail and a passion for financial analysis, we invite you to apply for the Underwriter position with us.
Job Type: Full-time
Pay: $45,358.40-$75,991.60 per year
Work Location: Hybrid remote in Burlington, ON L7M 0W8
