Underwriting Analyst - Small Group Renewal in London

Permanent Full Time - Reporting to the Assistant Manager, Renewals, this role is part of the Disability Solutions and Underwriting team within our Workplace Benefits and Retirement division. The Group Underwriting department is responsible for assessing risk and supporting decisions related to the sale, amendment, and annual renewal of employer benefits plans, as well as preparing financial reports for clients.

The Underwriting Analyst – Small Group Renewal plays a critical role in supporting Group Underwriters by compiling and validating information from various systems and reports, preparing renewal analyses and financial reports, performing manual rate calculations, and maintaining premium rates within Canada Life billing systems. This role supports the financial management of our Group Benefits business through data analysis, renewal preparation, and financial reporting.

This is an exciting opportunity for a detail-oriented professional who enjoys working with data, solving complex problems, collaborating with a variety of business partners, and continuously expanding their knowledge within the group benefits and insurance industry.

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.
• You have a thirst for knowledge.
• You have a willingness to work towards a Group Benefits Associate designation or Certified Employee Benefit Specialist designation under the Certified Employee Benefit Specialist (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.

Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Winnipeg and London.

The base salary for this position is between $41,100 - $61,600 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.

Grow with Canada Life

We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.

We’re looking for people who live our values every day: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from 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.