investment manager - banking, credit and investment
Title posted on CareerBeacon -
Senior Manager, Underwriting Life and Health
Posted on
June 14, 2024
by
Employer details
TD Bank
Job details
Work Location:Markham, Ontario, CanadaHours:37.5Line of Business:TD InsurancePay Details:We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.Job Description:Department Overview:The team reviews and underwrites Life and Health insurance applications. Contributes and supports underwriting objectives providing rationale for sound underwriting decisions and remains objective to opportunities to support concession requests provided within TDBG risk appetite. May be involved in direct engagement of clients where applicable.Job Description:-Expert knowledge of underwriting function; sound understanding of Company's various business operations.-Solid awareness of current affairs and issues both corporate and external General knowledge of referral areas-Excellent organizational, communication and interpersonal skills Excellent analytical skills; ability to define, research and solve problems-Ability to create, maintain and manage the on going relationships between the team and its customers, ensuring all team members are familiar with the customers and the way they conduct business-Ability to prioritize and work effectively under deadlines balancing published service times with an appropriate customer focus-Ability to comprehend, retain and apply current technical information to daily work issues Strong knowledge of insurance contract law and state legislative requirements-Expert knowledge of company plans, riders, benefits and illustrations (and how they are marketed)-Expert knowledge of reinsurance marketplace (including underwriting strengths and weaknesses) to work proactively with the field where reinsurance is an opportunity-Thorough understanding of automatic reinsurance agreements-Expert knowledge of medical science, technology and their impact on mortality-Expert knowledge of financial and other non-medical underwriting factors Strong knowledge of product pricingJob Requirements:-Manage all aspects of underwriting process-Select and classify risk according to company philosophy and standards-Develop initiatives for revision and update of underwriting policies and practices-Participate in and provide a leadership resource for projects-Work with a variety of stakeholders to review, improve and enhance automated underwriting and straight through processing capabilities-Provide an information resource for underwriters at all levels-Create a robust talent plan and, ultimately, pipeline to enhance underwriting talent on the team-Foster environment where continuous learning and improvement is encouraged and valued-Provide feedback on team member's performance and develop training, performance and career development plans-Set goals and measurement criteria for attainment of goals Manage acquisition of reinsurance coverage for large cases Manage retention-Help maintain profitable mortality experience-Analyze and interpret medical, non - medical and financial information Make decisions within approval limits-Determine appropriate requirements Comply with departmental procedures-Identify and provide solutions to work related problems and issues-Communicate and collaborate with the field and head office colleagues to provide the highest quality and service levels to customers and serve as the Team's primary contact with the Regional Directors and clients-Manage mortality on preferred block of business, through flex guidelines to ensure pricing and mortality expectations are met-Enforce the company's underwriting philosophy and guidelines and ensure that the company mortality expectations are met through quality of the Team's underwriting decisions-Maintain positive and effective relationships with internal and external partners-Serve as Team's liaison with other departmental units - i.e. - Pricing/ Actuarial/ Directors/ Medical CommitteeExperience
-
LocationToronto, ON
-
SalaryNot available
-
Terms of employment
Full time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2079051
Advertised until
2024-07-28
Important notice: This job posting has been provided by a partner site. Job Bank is not responsible for this content.
Report a problem with this job posting
Thank you for your help!
You will not receive a reply. For enquiries, please contact us.