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About the Role

The Group Underwriter assesses risk and analyzes the overall composition of a group to establish and approve premium rates, expenses, commissions, and policy provisions for new and existing business. This position works in a team environment to maintain profitable group insurance and provide superior customer service.

Responsibilities

• 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.
• Analyze premiums, claims, experience rating methodology, demographic changes, trends, legislative changes, guidelines, pricing strategies, policy provisions, and expenses to calculate appropriate renewal rates.
• Calculate and use sound judgment to determine 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 and calculate competitive pricing and release new 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.
• Review quote information, determine if coverage falls within underwriting guidelines, established procedures, and system capabilities, or if an alternative approach may be applied.
• Determine 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.
• Validate rates to ensure they are reasonable based on current rates, experience, plan design, industry, and demographics of the group.
• Act as a resource for sales, internal departments, clients, and peers for resolving underwriting issues on the assigned portfolio.

Requirements

• Completion of post-secondary education with two years of related work experience.
• Working towards CEBS or LOMA designation.
• Thorough knowledge of group insurance products and pricing for each product.
• Subject to a Background check as a condition of employment.

Skills

• Influence change and commitment to continuous improvement
• Leverage critical thinking skills to identify problems and proactively propose solutions
• Strong communication skills
• Effective team player who shares knowledge

Location

• Hybrid

Work Type

• Regular Full-Time
• Hybrid (2 days in office)

Experience Level

• Two years of related work experience

Education Level

• Post-secondary education

Salary/Compensations

• $50,280 - $83,800

Benefits

• Training and development opportunities
• Flexible work options
• Paid time off
• Physical and mental health programs
• Supportive workplace culture
• Paid volunteer days
• Competitive salary and incentive programs
• Comprehensive total rewards package
• Group retirement savings plans
• Pension and benefits (e.g., health and wellness, dental, disability and life coverage)
• Mental health support
• Employee assistance program

About the Company

• CLIC is a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society.
• We prioritize our people to ensure a strong culture and development opportunities which enables our team to thrive and live our purpose.
• We work with people that care passionately about you, our clients, and our communities.