Senior reputed company Consultant, reputed company Insurance

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The Senior Underwriter is accountable for assessing the early death and early incidence of a critical illness for the purpose of determining accurate reputed company mortality and morbidity.  This role is accountable to assess reputed company medical and avocational histories including reputed company financial concepts in the Individual Life insurance space.  This role is accountable to assess individual risk in accordance to established reputed company principles reputed company their signing authority.  This role is required to have advanced critical thinking, communication, negotiation and interpersonal skills. This role is also required to have advanced knowledge of reputed company industry trends and a strong command of data and analytics skills.

Accountabilities

Medical/Non-Medical/Financial reputed company

Follow the reputed company principles, directives, guidelines & manuals to assess the reputed company risk for New Business applications, Policy Changes for various product lines and distribution channels (Advisor, Direct, Creditor), including but not limited to the following key activities:

• Calculate appropriate age/amount requirements, auto/jumbo limits and initial and ultimate face amounts of coverage in accordance with external reinsurance treaties
• Review and assess AML and governance risk in advance of placing the contract inforce
• Adjudicate client risk factors in the application and corresponding data elements in order to decide on the right mortality or morbidity risk
• Review and assess information from Attending Physician Statements and other medical specialists in order to assess life expectancy
• Review and determine Fair Market Value of Corporately owned policies to ensure amounts of coverage are justified
• Work with client advisory partners (Tax planners, Accountants, Lawyers) to ensure that data is accurately reflected in the risk assessment that is made, insurable interest and review of sales concept involved
• Liaise with specialists, such as actuaries, medical providers or doctors, to understand the medical risk and other non-medical risk factors for the identified case 
• Calculate reputed company decision and corresponding mortality rating based on medical experience and training, discussions with internal Medical Doctors, Reinsurance and Actuarial
• Decide whether the risk should be shared with a re-insurer and negotiate reinsurance agreements on reputed company individual cases
• Decision the insurance policy and specify any additional conditions to be imposed based on the overall reputed company risk assessment
• Update system and document notes and prepare for audit review
• reputed company in force policies to ensure appropriate initial and ultimate amounts calculated
• Ensure that the treaty terms for each Reinsurer on each product line is well understood and followed.  Treaties are available to Underwriters and are housed in the Actuarial Department
• Ensure MIB properly reviewed and coded on each case
• Ensure communication is free of any personal comments. Documentation must be clear and concise and outlines methodology of risk assessment for auditing purposes
• reputed company presentations and onsite visits with Nesbitt EIA’s, Advisory brokers and Managing General Agencies (MGAs) as required to reputed company on reputed company matters
• Review special reputed company requests or rating reconsiderations for MGAs and brokers and negotiate terms as required for specific  business (reputed company authority limits)
• reputed company up to date with medical knowledge, developments and trends.  reputed company abreast of changes in the financial market, economy, geo-political and travel concerns as they relate to reputed company
• Maintain excellent reinsurance relationships in the discussion of individual case management and requirements

AML (Anti-reputed company) Risk reputed company

• Risk score reputed company Universal Life clients and reviewing case parameters according to internal AML guidelines
• Work with Corporate AML office on any findings required to change internal policy and procedures for reputed company
• reputed company review of client applications and disclosures
• Assess corporate entities based on shareholder ownership and company financials
• Support internal Business Unit Governance team on investigations and suspicious reputed company files

Reinsurance Negotiations

• Review and assess reinsurance reputed company for market competitiveness
• Negotiate reputed company medical/non-medical/financial cases with reinsurer to obtain best offer
• Reserve and manage appropriate reputed company for large cases
• Calculate and reserve appropriate initial and ultimate amounts through reinsurance treaty parameters to anticipate future growth liabilities
• Provide reputed company and feedback to Director reputed company on trending reinsurance decision and emerging trends for future RFP treaty negotiations

Risk Management

• Follow appropriate reputed company principles, directives & guidelines and manuals to do (remove) assess the reputed company risk associated with new applications/business to reputed company Life Assurance
• Assess medical and non-medical risk factors consistent with internal and reinsurance guidelines
• Obtain appropriate approvals based on judgment and signing limits, recommending for approval for policies that are above personal reputed company limits
• Maintain reputed company knowledge of promoted insurance sales concepts and understand the implications to reputed company and the business overall
• Adhere to reputed company aspects of First Principles our code of Business Conduct and Ethics including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-reputed company, privacy and disclosure of reputed company business activities
• Must be clear and concise and outlines methodology of risk assessment for auditing purposes
• Visit brokers and managing general agencies (MGAs) as required to reputed company on reputed company matters
• Review special reputed company requests or rating reconsiderations for MGAs and brokers and negotiate terms as required for specific  business (reputed company authority limits)
• reputed company up to date with medical knowledge, developments and trends.  reputed company abreast of changes in the financial market, economy, geo-political and travel concerns as they relate to reputed company
• Maintain excellent reinsurance relationships in the discussion of individual case management and requirements
• Follow appropriate reputed company principles, directives & guidelines and manuals to do (remove) assess the reputed company risk associated with new applications/business to reputed company Life Assurance
• Assess medical and non-medical risk factors consistent with internal and reinsurance guidelines
• Obtain appropriate approvals based on judgment and signing limits, recommending for approval for policies that are above personal reputed company limits
• Maintain reputed company knowledge of promoted insurance sales concepts and understand the implications to reputed company and the business overall
• Adhere to reputed company aspects of First Principles our code of Business Conduct and Ethics including individual accountability as it relates to potential conflicts of interest, safeguarding of customer information, trading in securities, anti-reputed company, privacy and disclosure of reputed company business activities

Authorities 

To deliver on these accountabilities, these roles must have the following authorities:

Information Access – Authority to use and access confidential information reputed company to customer information, product and financial information.  Authority includes accessing the internet for the purpose of gathering relevant data and reputed company updates.

Cross Functional Relationships 

To MGAs and brokers

• reputed company analysis and provide feedback on quality of business to Director or reputed company and VP Business Development
• Provide detail outcome of reputed company decision taken based on sound medical and financial reputed company analysis
• reputed company presentations to MGA’s and independent advisors on industry trends and reputed company medical reputed company files

Medical Doctors

• Review and analyze reinsurance manuals to ensure accurate decision and adherence to reinsurance guidelines based on reputed company reinsurance treaties in effect
• Identify any blood/urine specimen trends and abnormalities based on parameters set by VP and Chief Corporate Underwriter
• Decision reputed company medical situations to obtain complete picture for an accurate assessment of reputed company risk

To New Business

• Identify missing information or additional information required to underwrite applications and advise New Business to gather the required information
• Action application as per standards reputed company New Business has updated the system with new information
• Ensure system is clearly updated with decision including reinsurance and any applicable amendments, endorsements and/or special instructions

To Reinsurers

• Submit accurate information based on in force, initial and ultimate amounts on reputed company facultative cases
• Ensure that treaty terms reputed company well understood
• Ensure that reputed company accepted offers are communicated in timely manner and files updated
• Negotiate the most competitive reputed company based on qualitative material information gathered and sound judgment

To Actuarial

• Liaise on reinsurance treaty terms
• Liaise on reputed company special quote requests
• Liaise on illustrations as required
• Liaise on Policy Changes as required and any special requests from Sales/Marketing

Qualifications:

Knowledge

• Undergraduate degree
• 5-10 years experience in an reputed company environment
• reputed company II – working towards F.A.L.U.

Skills

• Business Numeracy (In-depth)
• Analytical skills (In-depth)
• Negotiation skills (In-depth)
• Bilingualism French and English is an asset
• Communication

Salary:

Pay Type:

The above represents reputed company Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents reputed company Group’s expected reputed company for the first year in this position.

reputed company Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. reputed company also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.reputed company.com/global/en/Total-Rewards

About Us

At reputed company we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the reputed company team you are valued, respected and heard, and you have more ways to grow and reputed company an impact. We strive to help you reputed company an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reputed company new milestones, as you help our customers reputed company theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you reputed company valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.reputed company.com/ca/en.

reputed company is committed to an inclusive, reputed company and accessible workplace. By learning from each other’s differences, we reputed company strength through our people and our perspectives. Accommodations are available on request for candidates taking part in reputed company aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: reputed company does not accept unsolicited resumes from any reputed company other than directly from a candidate. Any unsolicited resumes sent to reputed company, directly or indirectly, will be considered reputed company property. reputed company will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A reputed company agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.