Description:
Permanent Full Time
We are looking for a Director, Financial Underwriting
Role Description
Individual insurance is a major part of Canada Life’s Canadian Operations. The Director, Financial Underwriting will help protect and grow our insurance sales by supporting Insurance Solutions, Individual Customer, and Advisory Network by delivering Financial Underwriting expertise to both internal and external stakeholders. This role owns the financial underwriting review & approval process for new sales, maintains the guidelines and executes training for New Business, leading a team, and collaborating with all business partners.
This is a great opportunity to join a team of CPA professionals!
What you will do:
- Lead a team of high performing professionally designated accountants, by providing ongoing valuable feedback, reviewing the complex cases and cases over certain thresholds
- Responsible for the team completing the financial underwriting of all large complex cases; balancing pricing risk and client need. This includes daily collaboration with advisors and occasional collaboration with clients and/or their professional accountant
- Be the primary visible contact for Advisory Network and New Business teams to help with complex financial underwriting cases. This includes presenting to large groups of advisors and wholesalers on various financial underwriting topics including the competitive advantages of working with Canada Life, from a financial underwriting perspective
- Building and maintaining process documentation for the role and the internal and external financial underwriting guidelines. This includes developing and executing training for all underwriters
- Liaison for external reinsurers when supporting the field on complex financial underwriting cases
- Provide ongoing leadership and innovation to identify novel financial underwriting approaches and resources that expand our competitive advantage within the industry
- Fostering relationships with the field, advisors, reinsurers, and underwriters by being viewed as a valued collaborative business partner
- Create and/or review marketing articles that impact the financial underwriting services available to advisors and outline best practices
What you will bring
- CPA designation required
- 10+ years of experience related to insurance products and applicable tax legislation
- In-depth understanding of insurance products, the insurance industry, distribution channels, advisor and client's needs.
- An understanding of various tax issues that clients face would be an asset
- In-depth understanding of financial statement analysis and principles of business valuations in a wide variety of industries
- Ability to manage multiple priorities and to interact with multiple teams to deliver on successful outcomes. This includes the ability to foster collaborative relationships across Individual Customer, Advisory Network and the broader organization
- Established track record of leadership along with the ability to work independently as required
- Ability to translate complex technical topics into understandable solutions to non-technical audiences
- Intuitive sense and passion for determining “what advisors/customers need” and anticipate issues that may arise
- Exceptional communication skills when dealing with various internal and external stakeholders.
- Demonstrated track record of driving results, contributing to process improvements, and creating competitive advantages
- Bilingualism (English/French) would be an asset but not required
Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Toronto, London or Winnipeg.
The base salary for this position is between $89,800 - $166,300 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.
Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.
Be your best at Canada Life- Apply today!
Being 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.
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.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.
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