Underwriting Analyst - Jobs in Winnipeg, MB

Job Description

We are Canada LifeBeing a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.Be your best at Canada Life.We are looking for an Underwriting AnalystThe Underwriting Analyst is responsible for the timely and accurate completion of Renewal Reviews and marketings of groups with an RA complexity rating under 14 and Refund/ASO Health Financial Reports with an FA complexity under 14. They also assist senior analysts and Underwriters with preparation on custom reporting.What you will do:Identify the standard and non-standard financial and/or renewal pricing arrangements between Canada Life and the policyholder and determine appropriate method & policy to apply to the preparation of the experience analysis on all non-refund benefits and refund/ASO health benefits. The UA will not complete analyses on policies with refund life or refund LTD benefits.Verify accuracy of information provided on death claims and disabled claimants listings; premium paid; claims paid; billed rates coded on system; and manual rates calculated by the Support Technician. If discrepancies encountered, the UA may need to contact Payment Admin, GPS, or DMSO to understand the reason for the issue and advise the Underwriter to receive direction on handling for the analysis.Perform manual calculations when: multiple rate changes occur in a period, splitting experience into multiple analyses, correcting reserve calculations, preparing scenario pricing, providing gain/loss estimates, and applying factors for plan changes.Prepare Health Pool Charge Calculators for the Underwriter. Review plan design features and pooling arrangements to input into the template.Calculate expenses factors using the Retention Improvement Form for Lage Non-Refund (LNR) Health groups. Input premium and claims into template sorted by the group's plan design features.Identify the standard and non-standard financial arrangements that are detailed in the Letter of Agreement between GWL and the policyholder for policies with refund health benefits. The UA will not complete Financial Reports for policies with refund life or refund LTD benefits.Verify (and perform calculations if non-standard handling): calculation of interest crediting/debiting on cashflow, deposit funds (CFR/RDA), and IBNR reserves; calculation of pooling charges; withdrawals/deposits from deposit funds, premiums paid (review of audit provided by Payment Admin) and claims paid.It may be necessary to coordinate with other departments (Payment Admin & GFM) if discrepancies encountered to get corrections made on policies with annual refund health premium less than $2 million, the UA will prepare a memo summarizing the result of the Financial Report and deliver to the Group Sales Office directly.Verify census data received from the client on SABs groups. Review and compare information for completeness and accuracy. Reformat the census data to be compatible with GWL systems/tools.Calculate manual rates using ARC for renewals that are assigned to the UA for both HOBs and SABs clients. Retrieve plan design information from mainframe and adjust for any non-standard plan features. Perform some validation of the result to ensure accuracy of the calculation - review demographic changes, plan amendments, and compare to previous year calculation.Provide ongoing support to the Underwriter to calculate manual rates for options/costings as requested by the customer.Prepare the Refund Experience History after each annual Financial Report and input the information into the Refund Profitability System (RPS). Verify the results were transferred from the annual statements correctly and make adjustments as necessary.Update the Combination Table for any new policies to ensure all refund clients are reported.Update the Reserve Adjustment Factors (RAFs) to ensure accurate system calculation of IBNRs.Initiate Forecasting (in RPS) on new clients and very information provided by the Underwriter is complete.Update Forecasting (in RPS) on existing clients as directed by the Underwriter (for significant changes in financial arrangements).Gather and verify accuracy of experience information for simple reporting requests by the customer. This may include simplified gain/loss estimates.Prepare experience analyses in the event of a marketing exercise, management request, or customer request. This may involve all of or part of the tasks outlined in item #1 - Annual Renewal Reviews.Assist the senior analysts or Underwriters in answering questions raised by management, the customer, and other departments.Perform other related duties as necessary.What you will bring:Post Secondary degree and GBA certification.2 years attendance in post secondary program. Completion of course 1 of the GBA certification (can be accomplished within 1 year of hire).1 year in a supporting role in Group Underwriting total.Mathematical aptitude.Strength in critical thinking and applying analytical skills to variety of data integrity issues.Advanced knowledge of Excel (formula creation, pivot tables, vlookups)Effective/flexible time management skills.Good understanding of Underwriting policy and procedures.Ability to manage/organize competing priorities to ensure delivery of Renewal Reviews within deadlines.Be your best at Canada Life- Apply todayWe are one of Canada's top 100 employers!Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted