At a Glance
- Tasks: Assess risks and manage financial reports for clients while collaborating with various departments.
- Company: Join Canada Life, a trusted company improving the well-being of Canadians.
- Benefits: Enjoy competitive salary, health benefits, education reimbursement, and flexible work options.
- Other info: Dynamic workplace with community involvement and employee support programs.
- Why this job: Make a real impact in a role that offers continuous learning and career advancement.
- Qualifications: Post-secondary education, strong communication skills, and experience in Group Underwriting required.
The predicted salary is between 59800 - 97700 £ per year.
The Underwriting Account Manager is directly responsible for assessing the risk and making decisions associated with the sale, amendment and renewal of assigned cases, as well as providing financial reports to clients. The underwriter role is suited to the inquisitive individual who enjoys continuous learning and applying their knowledge in varied scenarios. In this role, you will be able to interact with various Group departments. We will provide the successful candidate with a potential career path to more senior underwriting levels.
What you will do:
- Quotation of New Business prospects
- Managing the pricing of assigned in-force caseload, including performing the annual renewal of rates and expenses, in-force quotes, marketings and approval of amendments
- The management of all aspects of the financial reporting for an assigned caseload
- Handling field/advisor inquiries, plan changes, reporting needs
- Production of financial and service agreements on assigned caseload
- Act as an Underwriting resource for various projects and departmental initiatives
What you will bring:
- Candidates must have post-secondary education or an equivalent combination of education and experience.
- Excellent interpersonal skills with the ability to work in partnership with sales offices, team members and other internal areas
- Excellent verbal and written communication skills
- Strong organizational and time management skills; ability to prioritize multiple tasks and shifting priorities
- Strong negotiating skills
- Customer service focused
- Strong mathematical and analytical ability
- Strong problem solving and decision making skills
- Prior years of experience in Group Underwriting with knowledge of products is required.
- Group mainframe (PAS) system, and GroupNet reporting will be considered an asset
- Willingness to work towards a GBA or full CEBS designation under the CEBS program
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.
Underwriting Account Manager 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 Underwriting Account Manager in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Canada Life). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Canada Life. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriting Account Manager in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Canada Life.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Canada Life. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Canada Life
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Canada Life to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Canada Life, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Canada Life's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
