Employee Benefits Underwriter
Top Benefits
About the role
Join Our Dynamic Team as an Employee Benefits Underwriter!
We live in a global economy with an increasingly transient and mobile workforce. We’ve been in business for over 30 years, so we know what it takes to build and grow a successful organization. It’s about attracting, motivating and retaining the right mix of employees. Working from home means you can live anywhere and enjoy a successful career.
We hire dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
Job Overview
We’re currently looking for an Employee Benefits Underwriter to support the Group Benefits division in the placement of new and renewal businesses. The successful candidate will be assigned a block of business and will be responsible for working alongside the appropriate Consultant/Account Manager to manage underwriting activity/needs. The Senior Underwriter will also develop and maintain relationships with local insurance carrier contacts and is an internal resource for technical assistance for all levels of Sales and Service.
Job Responsibilities
- Analyze carrier data on accounts ranging from medium to high complexity, including flexible benefit programs.
- Provide recommendations to the account management team to support rate negotiations, financials, and funding recommendations
- Prepare and evaluate claim experience, utilization reports, renewal projections, and ASO budget rates
- Assist in marketing, analysis, and placement of all benefit lines of coverage
- Price plan design alternatives or new product considerations; prepare plan benchmarking review including analysis
- Assist in setting Employee Contribution structures, reviewing contracts, and preparing RFP specifications
- Assist in the workflow for monthly and quarterly financial reporting for clients as well as providing assistance in the negotiation of rates with insurance carriers and other suppliers
- Ensure that client information is accurate, current, and filed in the appropriate system
- Stay informed about industry development, changes, and legislative updates within all types of underwriting methodology
Qualifications
- Mandatory 5 years of group insurance industry experience, preferably in employee benefits underwriting
- Strong analytical skills with advanced working knowledge of Microsoft Excel
- Demonstrated ability to take ownership, negotiate and follow through to a satisfactory resolution
- Strong time management, decision making, and organizational skills
- Excellent interpersonal, verbal, and written communication skills
- Ability to work in teams and be flexible to work under tight deadlines and changing client needs
- Ability to assist and maintain good working relationships at all levels across organizations
- Have or working towards CEBS designation an asset
About The Burke Group: Human Resources Specialists
The Burke Group was founded in 1979 and has since become a leader in the human resources market. The Burke Group is a Canadian company located in the heart of the Niagara Region, committed to providing the best in human resources services.
Burke professionals know the market and understand the distinctive characteristics of business and industry in both unionized and non-unionized environments within the private and public sectors.
Our specialists identify needs and provide innovative solutions for your organization in the following areas:
•Executive Search Services •Permanent Placement •Career Management and Transition Counseling •Outplacement Services •Human Resources Audits and Environmental Scans •Human Resources Outsourcing •Specialized Recruitment •Training Needs Assessments and Design
In today's competitive world, we believe it is crucial for an organization to accurately identify its needs prior to investing in a solution. The Burke Group works with organizations to clearly understand their organizational issues and to identify and prioritize their needs.
Employee Benefits Underwriter
Top Benefits
About the role
Join Our Dynamic Team as an Employee Benefits Underwriter!
We live in a global economy with an increasingly transient and mobile workforce. We’ve been in business for over 30 years, so we know what it takes to build and grow a successful organization. It’s about attracting, motivating and retaining the right mix of employees. Working from home means you can live anywhere and enjoy a successful career.
We hire dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
Job Overview
We’re currently looking for an Employee Benefits Underwriter to support the Group Benefits division in the placement of new and renewal businesses. The successful candidate will be assigned a block of business and will be responsible for working alongside the appropriate Consultant/Account Manager to manage underwriting activity/needs. The Senior Underwriter will also develop and maintain relationships with local insurance carrier contacts and is an internal resource for technical assistance for all levels of Sales and Service.
Job Responsibilities
- Analyze carrier data on accounts ranging from medium to high complexity, including flexible benefit programs.
- Provide recommendations to the account management team to support rate negotiations, financials, and funding recommendations
- Prepare and evaluate claim experience, utilization reports, renewal projections, and ASO budget rates
- Assist in marketing, analysis, and placement of all benefit lines of coverage
- Price plan design alternatives or new product considerations; prepare plan benchmarking review including analysis
- Assist in setting Employee Contribution structures, reviewing contracts, and preparing RFP specifications
- Assist in the workflow for monthly and quarterly financial reporting for clients as well as providing assistance in the negotiation of rates with insurance carriers and other suppliers
- Ensure that client information is accurate, current, and filed in the appropriate system
- Stay informed about industry development, changes, and legislative updates within all types of underwriting methodology
Qualifications
- Mandatory 5 years of group insurance industry experience, preferably in employee benefits underwriting
- Strong analytical skills with advanced working knowledge of Microsoft Excel
- Demonstrated ability to take ownership, negotiate and follow through to a satisfactory resolution
- Strong time management, decision making, and organizational skills
- Excellent interpersonal, verbal, and written communication skills
- Ability to work in teams and be flexible to work under tight deadlines and changing client needs
- Ability to assist and maintain good working relationships at all levels across organizations
- Have or working towards CEBS designation an asset
About The Burke Group: Human Resources Specialists
The Burke Group was founded in 1979 and has since become a leader in the human resources market. The Burke Group is a Canadian company located in the heart of the Niagara Region, committed to providing the best in human resources services.
Burke professionals know the market and understand the distinctive characteristics of business and industry in both unionized and non-unionized environments within the private and public sectors.
Our specialists identify needs and provide innovative solutions for your organization in the following areas:
•Executive Search Services •Permanent Placement •Career Management and Transition Counseling •Outplacement Services •Human Resources Audits and Environmental Scans •Human Resources Outsourcing •Specialized Recruitment •Training Needs Assessments and Design
In today's competitive world, we believe it is crucial for an organization to accurately identify its needs prior to investing in a solution. The Burke Group works with organizations to clearly understand their organizational issues and to identify and prioritize their needs.