Senior Underwriting Consultant, Toronto

Published 2022-05-22
Expires 2022-06-22
ID #1008534189
Senior Underwriting Consultant, Toronto
Canada, Ontario, Toronto,
Published May 22, 2022

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Senior underwriting consultant

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Senior Underwriting Consultant
Toronto, ON - Winnipeg, MB - Laval, Quebec

This is an exciting time to join People Corporation. Our high level of acquisition activity and our consistent organic growth continue to define and further enhance our benefits, pension, and HR products and services and how they are delivered to our clients.

We are in search of a dynamic individual to join our team as Senior Underwriting Consultant.

Key responsibilities:

Maintain a full understanding of the group insurance markets, funding alternatives, networks and benefit plan options
Working closely with your leader to develop and deliver on pre- and post-renewal strategies, supporting the financial requirement of the client
Conduct analysis of client data in association with; financial reports, monthly and quarterly utilization, annual renewal reports and ad-hoc requests
Responsible for monitoring and reporting on clients’ cost/utilization patterns, identifying cost drivers, trends, areas of risk and other discrepancies
Review renewal rating based on formulas, knowledge of carrier, current trends, reserves and other related factors, discussing and negotiating with carriers, and completing the renewal cycle with reporting and commentary
Calculate and support on RFPs, amendment pricing and renewal projections
Assist with the preparation of marketing specifications, review and prepare cost comparisons of carrier proposals
Establish positive carrier/vendor relationships for the benefit of both clients and People Corporation

You and Your Experience:

The ideal candidate will have 5 to 10 years in a related role, such as group benefits underwriting, actuarial analytics, data science, mathematics, statistics, or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job
Post-secondary education in Actuarial Sciences, Mathematics, Statistics, Finance, Economics, Business Administration, Data Science, or related fields
GBA or CEBS designation an asset
Strong working knowledge of group insurance products
Solid understanding of various underwriting and funding methodologies
Strong working knowledge of association plan underwriting, understanding flex plan underwriting an asset
Strong analytical, mathematical and problem solving skills
Proficient in Excel and PowerPoint, as well as a solid working knowledge of Microsoft Word
Ability to develop and leverage relationships, both internally and externally with clients
Self-motivated, highly driven, team player, with the ability to work independently
Effective attention to detail and a high degree of accuracy
Outside the box thinking to create efficiency around work

About :

People Corporation is a national provider of innovative group benefits, group retirement, health, wellness and HR consulting solutions. We have a diverse team of experienced professionals with industry-specific expertise and employ over 1000 professionals in 47 offices across 9 provinces and 2 territories. We are now the largest group benefit consulting firm and the largest third-party benefits administrator in Canada. We have 25 partner companies who consult and partner with 10,000 clients across a wide range of industries.

We’re a driven, entrepreneurial, and fast-growing company and are motivated by the service and commitment we provide to our clients, our partners and our employees.

Our core values are focused on:

Integrity, Accountability, Creativity, Communication, Respect, Innovation, and Teamwork.

We thank all applicants for their interest; however, only those selected will be contacted for an interview.

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    Employer's info

    People First Hr Services
    Registered on October 7, 2017


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    Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.

    Ontario is one of the thirteen provinces and territories of Canada. Located in Central Canada, it is Canada's most populous province, with 38.3 percent of the country's population, and is the second-largest province in total area. Ontario is the fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is also Ontario's provincial capital. Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, and Quebec to the east and northeast, and to the south by the U.S. states of (from west to east) Minnesota, Michigan, Ohio, Pennsylvania, and New York. Almost all of Ontario's 2,700 km (1,678 mi) border with the United States follows inland waterways: from the westerly Lake of the Woods, eastward along the major rivers and lakes of the Great Lakes/Saint Lawrence River drainage system. These include Rainy River, Pigeon River, Lake Superior, St. Marys River, Lake Huron, St. Clair River, Lake St. Clair, Detroit River, Lake Erie, Niagara River, Lake Ontario and the St. Lawrence River from Kingston, to the Quebec boundary just east of Cornwall. There is only about 1 km (0.6 mi) of land border, made up of portages including Height of Land Portage on the Minnesota border.Ontario is sometimes conceptually divided into two regions, Northern Ontario and Southern Ontario. The great majority of Ontario's population and arable land is in the south. In contrast, the larger, northern part of Ontario is sparsely populated with cold winters and heavy forestation.

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