Company: CLIC
Department: Underwriting
Employment Type: Regular Full-Time
Work Model: Remote
Language: This role operates in English.
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. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities.
Our Individual Insurance team provides financial security and peace of mind for Canadians. Our client centric team is focused on delivering competitive solutions to meet the needs of our clients. Our success is driven by our specialized team who are passionate about excellence, innovation and sustainable practices to enhance our organization's success.
The Senior Underwriter provides mortality and financial risk assessment of individual insurance for life, critical illness and disability product lines. The position works closely with captive advisors and brokers, assesses medical and non-medical information, providing support and issue resolution. The role also provides guidance to less experienced underwriters or other new business staff and participates in product, policy and process improvements.
- Utilizing individual insurance product knowledge and procedures/guidelines to assess complex applications and policy changes with various medical and non-medical risks.
- Understanding and determining reinsurance impact on mortality risk, determining the need to refer the case to a higher authority (Senior Underwriting consultants, Team Leads, Medical Director and Manager).
- Use judgement to make high-level decisions in accordance with our Company’s guidelines, procedures and time standards in a cost-effective manner.
- Compiling an electronic summary of underwriting requirements for each client for each product line on the Phoenix system, which feeds information to the Life Pages displaying requirements for Advisors.
- Working with Distribution Management staff on complex cases and on training issues related to the field.
- Supporting advisors in their pursuit of compensation goals, club validation, etc., by ensuring that their business is processed accurately and promptly during sales contest and cut-off periods..
- Identifying needs to deviate from procedure(s) or to explore alternate means of obtaining information needed to underwrite and provide recommendation for referral to Chief Underwriter.
- You influence change and are committed to continuous improvement, in order to exceed client expectations.
- You leverage critical thinking skills to identify problems and proactively propose solutions.
- Your strong communication skills allow you to clearly convey messages.
- You’re an effective team player who shares knowledge to support your peers.
- You have 2+ years of working experience in individual underwriting
- You have a post-secondary degree in nursing or kinesiology.
- You have completed or are working towards Fellow, Academy of Life Underwriting (FALU) or Academy of Life underwriting (FLMI) designation.
- You have demonstrated decision making, communication and interpersonal skills.
- You have treated all confidential material with a high level of integrity.
- You have effectiveness and efficiency of resource management in achieving results while maintaining consistently high levels of quality, accuracy and timeliness, as well as continuously striving to improve processes, reporting and service levels.
- Strict confidentiality with respect to client’s medical history, financial status and other personal information.
- 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.
- A comprehensive total rewards package, including competitive salary, bonus, pension and benefits.
Expected salary range $60.574 - $100,956
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.
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