WHO WE ARE
When it comes to health, we’re always looking for ways to push for better. It’s why we were founded in the first place. In 1957, our founder, pharmacist William Wilkinson, witnessed a mother sacrifice her health by forgoing her own medicine to pay for her sick daughter’s prescription. He knew there had to be a better way. So, he introduced North America’s first prepaid drug plan, and GreenShield was born as a not-for-profit with a mission to support better health for all Canadians.
We aren’t just a health and benefits company. We’re the only not-for-profit social enterprise that brings worlds of coverage and care together, all in one place.
We’re noble challengers, purposefully building a better way and we need the best people to help us create a more holistic approach that takes care of the mind and body.
Our mission is to create better health for all Canadians, and we know that starts with our employees.
THE ROLE IN A NUTSHELL
Our Group Underwriting team has an immediate opportunity for a Group Underwriter. The Group Underwriter will experience front line exposure and interdependence with a strong team of professionals. The Group Underwriter will work closely with the Growth and Client Service team, in addition to the corporate Pricing department and other enterprise divisions (ex. Pharmacy, Mental Health, Benefits Administration). You will be mainly accountable for managing underwriting risk which will drive profitable long-term financial results.
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Play a key role in evolving GS’s Group Underwriting department to apply more holistic, long-term views of embedded client value
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Collaborate with Growth & Client Service team, corporate pricing function and other enterprise divisions (ex. Pharmacy, Mental Health, Benefits Administration) to build holistic pricing strategies for existing Group clients, advisors and prospects, maximizing the profitable distribution of all GS products
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Understand and apply strategies that look at all aspects of client profitability
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Accumulate and leverage market insights to build collateral that will support the Growth & Client Service team in engaging advisors and clients in pre-renewal and renewal discussions
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Support the development of win/loss analytics and leverage the insights to continuously optimize client-specific underwriting strategies to maximize win probabilities while meeting profitability requirements
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Collaborate in the development of value-add financial and claims management strategies to help attract new clients and retain existing ones.
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Provide internal account management to proactively manage and/or respond to client requests relating to pricing and benefit changes
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Contribute to new business RFPs, by answering financial questions contained in the specifications and provide information on GS’s pricing elements.
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Participate with the Growth & Client Service Team in renewal and quote presentations, when required.
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Evaluate the overall financial stability of a group and implement corrective measures where necessary.
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Evaluate the financial impacts of requested plan amendments.
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Respond to all inquiries relating to pricing, experience, and analysis of statistical reports.
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Establish group renewal conditions by analyzing information and reports while including pricing options.
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Evaluate the financial position of the groups and inform them periodically of, among other things, developing surpluses and deficits (retention groups or administrative services only [ASO] groups).
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Participate, in collaboration with the Growth & Client Service team in the acquisition of new clients and the establishment of solid business relationships with market intermediaries.
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Negotiate contracts - financial arrangements, benefit plan provisions, service and performance standard agreements
Work with internal partners to ensure administrative and plan design features can be managed
WHO WE'RE LOOKING FOR
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Bachelor’s degree in actuarial science, mathematics, statistics or another discipline relevant to the position.
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Understanding of the Group Benefit Insurance market, products, services, contract provisions and administrative practices
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3-5 years of experience in a Group Benefit Underwriter role
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Strategic and creative thinker focused on finding solutions to unique customer needs
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Strong business acumen with ability to communicate financial concepts, analyses and results in a clear, concise, easy to understand manner (written, verbal and presentation skills).
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Willing to challenge the status quo regarding all elements of GS’s underwriting function and processes
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Confident negotiator with proven ability to build relationships and influence decision making
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Demonstrated ability to produce quality materials within tight timeframes and simultaneously manage multiple priorities
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Proven ability to effectively partner with and support sales teams
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Able to work under minimal supervision
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Able to prioritize and manage multiple projects in a fast-paced environment
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Ability to create and maintain customer relationships.
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Excellent computer skills on Microsoft Office tools (Excel, Word, PowerPoint).
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Technical proficiency in SAP BusinessObjects/WEBI would be considered an asset.
NICE TO HAVE
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Bilingual French/English
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CEBS, GBA certification
Applications will be received until 7 p.m. EST, Friday, November 15, 2024.
THE CULTURE
We believe a career should be meaningful. Not just a means to earn a living. Our culture is one where everyone's voice is heard and valued. Because that’s what it takes to create better health for all. We dare to challenge the status quo. And we’re driven by people who have challenged theirs. We believe that your workplace should empower you to be the best version of yourself. That’s why we provide a place where you can be inspired, challenged, and rewarded.
Where your growth means our growth.
Where your voice is heard and valued.
Where your work has purpose. And purpose matters.
We believe our people are critical to our overall success. Inclusivity makes us a stronger, smarter and more informed organization. Being intentionally inclusive of diverse backgrounds, perspectives and experiences will enhance our company culture to positively impact how we support our communities. A career at GreenShield isn’t just about personal achievements, it's about making a
difference together.
Here’s to Better Health for All!
A FEW MORE DETAILS
Proficiency in English is required for this position. As part of this role, you will be required to communicate with colleagues or customers who use English as their primary language. By requiring English proficiency for this position, we aim to ensure that our employees can excel in their roles, collaborate, and communicate effectively, and contribute to the success of our organization.
GS supports diversity, equity and inclusion in our teams and communities, and we value the unique contributions made by all. Even if your experience doesn’t align perfectly to every requirement, we invite you to apply. We encourage applications from all candidates and will accommodate needs under human rights legislation throughout all stages of the recruitment and selection process. Please let us know of any accommodation through [email protected]. Information received relating to accommodation will be addressed confidentially.
Providing this information gives GS consent to use your personal information to assess your suitability for specific positions, future opportunities or for your personnel file. Your résumé will be held in strict confidence and will be viewed only by the Organization. Information may be stored outside of Canada and could be used for aggregate statistical purposes (which uses no personal identification).
