At a Glance
- Tasks: Support Group Underwriters with manual rate calculations and maintain premium rates.
- Company: Join Canada Life, a trusted leader in improving Canadians' well-being.
- Benefits: Competitive salary, health benefits, education reimbursement, and flexible work options.
- Other info: Opportunities for growth and community involvement through various programs.
- Why this job: Make a real impact while developing your career in a supportive environment.
- Qualifications: Post-secondary education, strong Excel skills, and a passion for problem-solving.
The predicted salary is between 34900 - 49800 £ per year.
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. The Underwriting Assistant supports Group Underwriters and Analysts primarily with manual rate calculations at renewal and amendment requests, plus maintains premium rates on Canada Life billing systems. Manual rates are the first step in plan pricing and from which risk is determined.
What you will do:
- Review employee data received from the Plan Sponsor for reasonableness and accuracy then manipulate it for import into the ARC tool.
- Calculate manual rates for each renewal and perform analysis on the change in a group’s manual rate year over year.
- On demand manual rate calculations to respond to Plan Sponsor queries on proposed plan changes.
- Update billing systems when renewal rates are sold and update MIS tool.
- Assist with preparing monthly/quarterly/annual scheduled reporting.
- Monitor the Support Team Mailbox – where on demand requests and sold renewal confirmations are sent by Underwriters.
- Respond to inquiries from the field.
- All other related duties as applicable.
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.
- French bilingualism is an asset.
- You are driven with an 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.
- You have a thirst for knowledge and a willingness to work towards a GBA or full CEBS designation under the CEBS program.
Reliability Status Security Clearance – this can only be completed with candidates who receive an offer of employment. This is a personal security status that is required as a condition of employment before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada website. The cost of submitting these checks will be covered by Canada Life.
The base salary for this position is between $34,900 - $49,800 annually. This represents base salary only and does not represent other variable compensation components of our total compensation (i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.
What we offer:
- Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.
- Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
- Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.
- Financial Security: Company-matching pension plan, share ownership program and additional investment options.
- Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
- Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.
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. Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.
Renewal/Underwriting Assistant in London employer: Canada Life
Canada Life UK is an exceptional employer that prioritises the well-being and growth of its employees, offering a modern and agile work environment in vibrant locations like Bristol, London, and Watford. With a strong focus on building better futures, the company fosters a welcoming culture and provides ample opportunities for professional development, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Renewal/Underwriting Assistant in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Canada Life. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Renewal/Underwriting Assistant in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Canada Life.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Canada Life's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Canada Life
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Canada Life.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Canada Life will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Canada Life employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
