At a Glance
- Tasks: Support Group Underwriters by analysing data and preparing financial reports for employer benefits plans.
- 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: Great career growth opportunities and a commitment to community involvement.
- Why this job: Make a real impact while developing your skills in a supportive environment.
- Qualifications: Curiosity, strong math skills, proficiency in Excel, and effective communication are key.
The predicted salary is between 44550 - 54450 £ 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. At times, they 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 the ability to meet tight deadlines, work under pressure, and prioritise 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 is required before an employee can gain access to Protected B information, assets or work sites as outlined by the Government of Canada website.
The base salary for this position is between $43,400 - $68,400 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.
Underwriting Analyst in London employer: Canada Life
Canada Life is an exceptional employer that prioritises the well-being and professional growth of its employees. With a strong commitment to career development, flexible health benefits, and a supportive work culture, employees are encouraged to thrive in their roles while contributing to the community. The bilingual Customer Service Representative role offers a structured environment where you can make a meaningful impact by assisting clients with empathy and professionalism.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Analyst 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 Underwriting Analyst 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.
