Underwriter

Location: Kingston, ON
Requisition: 803
Employment duration: Regular Full-Time

Empire Life position description


Description

Pay Group 5

Retail Underwriting

Scope Statement

The Underwriter maintains Company profitability through favourable mortality by reviewing and assessing the financial risk of individual life insurance applications. The incumbent is guided by defined procedural constraints and works under the moderate supervision of the Manager, Underwriting.

Impact Statement

  • Assesses risk to an approval limit of $500,000 for individual life policies
  • Ensures individual insurance coverage decisions are made in a timely manner and communicated to the appropriate team members
  • Provides sound risk assessments and related support to Empire Life and the Retail New Business Processing unit

Responsibilities include

  • Assesses the mortality and risk to the Company of insurance applications by using medical and financial information
  • Support and provide a high level of customer service to our customers and distribution partners via telephone and email
  • Provides support to the sales team in the management of the distribution relationship
  • Interacts with reinsurance providers to spread risks on retention amounts that exceed the Empire Life retention limit
  • Consults with senior underwriters, medical consultants, or the Manager, Retail Underwriting on any questionable situations

Knowledge / Experience / Certification

  • 3 – 5 years work experience in individual insurance or a business environment
  • 1 – 2 years experience as Individual Underwriting Trainee
  • Knowledge of word processing, spreadsheet, email, internet and database computer software
  • Knowledge of medical terminology
  • Bilingualism (English/French) is an asset
  • Working towards ALU, FLMI

Education / Professional Courses

  • Completion of a university degree in life sciences, nursing or kinesiology
  • UND 386

Key Skills

  • Good analytical, problem solving and decision-making skills
  • Clear writing, listening and verbal communication skills
  • Attention to detail/accuracy
  • Good organizational skills
  • Ability to prioritize and balance multiple tasks

Key Competencies

  • Customer/Advisor Orientation: Is able to match products, services and solutions directly to customers needs
  • Decision-Making: Makes timely decisions without delay, having judged a number of differing options
  • Analysis and Problem Solving: Goes beyond immediately presented information and identifies inconsistencies or discrepancies that are not obvious

Working Conditions

  • Office environment
  • Prolonged periods of concentration and attention to detail
  • Prolonged periods of sitting while using a computer and/or telephone
  • The incumbent may be required to work extended hours to support service requirements
  • The incumbent may be required to work extended hours and/or overtime
  • Frequent interruptions

Interactions

  • Business partners including Independent Financial Advisors, and/or Managing General Agents and customers of Empire Life
  • Third party providers (i.e. reinsurers, paramedical providers, medical doctors)
  • Employees and management on a local and national basis

The Empire Life Insurance Company (Empire Life) offers competitive individual and group life and health insurance, investment and retirement products to help you build wealth and protect your financial security.

Empire Life is among the top 10 life insurance companies in Canada[1] and is rated A (Excellent) by A.M. Best Company[2]. Our vision is to be known for simplicity, being easy to do business with and having a personal touch.

[1] Source: The Globe and Mail Report on Business Magazine, July 2013, based on revenue

[2] As at June 28, 2013

 

 

 

 



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