Group Underwriter, New Business at The Canada Life Assurance Company | CA | Rezi

Group Underwriter, New Business at The Canada Life Assurance Company

Group Underwriter, New Business

The Canada Life Assurance Company · CA

1 weeks ago

Group Underwriter, New Business

The Canada Life Assurance Company · CA

12 days ago
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About the Role

The National Accounts New Business Underwriting team is seeking an experienced Underwriter to support growth in the National Accounts market segment. You will join a team that combines creativity, collaboration, and strategic thinking to develop compelling proposals that help Canada Life win and retain business in this exciting and competitive market.

Responsibilities

  • Assess risk and prepare pricing on New Business Requests for Proposal (RFP) opportunities primarily under 1,000 lives, including plan design, financial arrangements, and client profiles, to determine fit with Canada Life's risk appetite.
  • Develop compelling and financially sound proposals, including pricing, funding arrangements, guarantees, and investment solutions.
  • Participate in preliminary analytics on RFPs on cases with 1,000 to 5,000 lives (excluding those in Quebec).
  • Identify creative pricing approaches and present recommendations to senior management.
  • Clearly explain pricing methodologies and underwriting decisions to internal and external stakeholders.
  • Develop thoughtful and comprehensive responses to underwriting questions included in Requests for Proposal (RFPs).
  • Support the implementation of successful new business clients and facilitate the transition of cases to renewal underwriting teams.

Requirements

  • Minimum 3 years of underwriting experience.
  • Post-secondary education or an equivalent combination of education and experience.
  • In-depth knowledge of Group Benefits products, pricing methodologies, and funding arrangements.
  • Strong analytical and decision-making skills with the ability to assess risks, evaluate alternatives, and make informed recommendations.
  • Creative problem-solving skills and a customer-focused mindset that challenges the status quo and explores innovative solutions.
  • Strong verbal and written communication skills with the ability to tailor messaging to diverse audiences.
  • Excellent negotiation skills and the ability to achieve mutually beneficial outcomes while maintaining strong relationships with Sales partners.
  • Strong organizational and time management skills with the ability to manage competing priorities and demanding deadlines.
  • A proven ability to build constructive relationships with internal and external stakeholders.
  • A growth mindset that embraces challenges, continuous learning, and professional development.
  • Bilingualism (fluent in French, English, both oral and written) is required for Quebec only.

Skills

  • Underwriting
  • Risk assessment
  • Pricing
  • Proposal development
  • Financial analysis
  • Client relationship management
  • Communication
  • Negotiation
  • Organization
  • Time management
  • Problem-solving
  • Analytical skills
  • Decision-making
  • Customer focus
  • Collaboration

Location

  • London
  • Montreal
  • Toronto
  • Winnipeg

Work Type

  • Permanent
  • Full Time
  • Hybrid

Experience Level

  • Experienced

Education Level

  • Post-secondary education

Salary/Compensations

  • $60,000 - $89,800 annually

Benefits

  • Career Development opportunities
  • Access to industry-leading learning programs
  • Up to $2,000 annually towards education reimbursement
  • Flexible health and dental benefits
  • $5,000 mental health benefit
  • Regular vacation and personal days
  • Volunteer day
  • Company-matching pension plan
  • Share ownership program
  • Additional investment options
  • Employee recognition programs
  • Service milestone celebrations
  • Employee discounts
  • Employee Resource Groups (ERGs)
  • Mentorship programs
  • Social clubs and events

About the Company

  • We’re united by a shared purpose: to improve the financial, physical and well-being of Canadians.
  • Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.
  • We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other.

Equal Opportunity

  • We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Canada Life policies.