Underwriting Analyst

We are looking for an Underwriting Analyst  

The Group Underwriting department is responsible for assessing the risk and making decisions associated with the sale of an employer benefits plan, amendments to that plan and the annual renewal of the plan. And, at times, provide annual financial reports to clients about their plan. 

The Underwriting Analyst supports Group Underwriters by compiling information from various systems/reports into renewal analysis tools and financial report tools, plus manual rate calculations and maintenance of the premium rates on Canada Life billing systems. They perform validation of the information gathered and deliver final output to the Underwriter. 

What you will do: 

Manual Rate Calculations and Premium Rate Coding: 

• Review employee data received from the Plan Sponsor for reasonableness and accuracy then manipulate it for import into the ARC tool

• Calculate manual rates at renewal and for options/costings, performing analysis on the change in a group’s manual rate year over year

Renewal and Financial Preparation: 

• Review premium, claims, rates, and reserves for accuracy and reasonableness
• Identify erroneous data and coordinate with partner departments to fix the data
• Create the renewal analyses, rate exhibits and listings that are part of the package delivered to the Plan Sponsor by the Underwriter and the Account Executive
• Create the financial report that will be provided to the Plan Sponsor
• Tasks related to the financial report directly impact corporate accounting systems

Assist with non-standard on demand reporting and financial estimates

• Assist with preparing monthly/quarterly/annual scheduled reporting

What you will bring:

• You have post-secondary or an equivalent combination of education and experience
• You are curious and inquisitive. You love math!
• You get energized when you work in partnership with team members and many internal business areas, and you do this with your excellent interpersonal skills
• You are highly proficient with Excel and easily learn new tools and applications
• Your verbal and written communication skills are both effective and efficient
• You are a driver who has ability to meet tight deadlines, work under pressure, and prioritize multiple tasks and shifting priorities
• You are a critical thinker who can problem-solve and make good decisions when working with incomplete information
• You understand what it means to put the customer first. That is, put the customer at the center of what we do
• You have a thirst for knowledge. Hence you have a willingness to work towards a GBA or full CEBS designation under the CEBS program
• Reliability Status security clearance - this is a personnel security status that is required before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada website