Intermediate/Senior Underwriter - Sun Life, Waterloo

AI Summary

Sun Life is hiring an Intermediate/Senior Underwriter in Waterloo, Ontario, for a hybrid role. This position involves analyzing medical and financial information to assess risk for life and critical illness insurance applications. Key duties include approving cases and communicating decisions to clients and advisors. Candidates need at least three years of individual life underwriting experience and strong decision-making skills.

About the Opportunity at Sun Life

As an Intermediate/Senior Underwriter with Sun Life in Waterloo, you will join one of Canada's leading insurers, renowned for its market strength and commitment to its people. This hybrid role offers a unique opportunity to make a tangible difference in the lives of individuals and families across Canada by providing financial security. Sun Life values continuous learning and professional development, ensuring that you have pathways for growth as you advance your career. You will be part of a high-performing team, led by passionate professionals who share extensive industry knowledge and experience, fostering an environment where every individual is encouraged to reach their full potential. Life's brighter under the sun, and joining our team means experiencing a supportive culture with flexible benefits, a stock ownership program, and generous vacation and care days, all designed to support your well-being and ambitions. We are focused on making thoughtful, well-informed decisions that provide financial security to Canadians and their loved ones, placing our clients at the heart of everything we do.

Key Responsibilities & Impact

In this pivotal Intermediate/Senior Underwriter role, your primary responsibility will involve the meticulous analysis of medical, personal, and financial information submitted with life and critical illness insurance applications. You will be tasked with assessing and classifying risk, gathering additional information such as medical tests, and referring complex cases as required. A significant part of your contribution will be approving cases within your authority limit and, when decisions are unfavourable for the client, skillfully negotiating with reinsurers to achieve a better outcome in accordance with established treaties and internal rules. Effective communication is key, as you will liaise with business leaders and advisors, delivering exceptional service and expertise, and explaining underwriting decisions clearly to financial security advisors or clients' physicians. You will also be responsible for documenting thoughtful decisions accurately within the underwriting system, contributing to a positive environment through teamwork and a spirit of innovation. Maintaining current medical knowledge and staying abreast of the latest underwriting approaches is essential for success in this dynamic field.

What You'll Bring to the Team

To excel as an Intermediate/Senior Underwriter at Sun Life, candidates must possess a minimum of three years of experience as an Individual Life Underwriter, coupled with existing life and critical illness signing authorities. We are seeking individuals with strong analytical, judgement, problem-solving, and decision-making skills, alongside proven influencing and negotiation abilities. A solid knowledge of medicine and various risk factors is crucial for accurately assessing applications. A service-oriented attitude and excellent interpersonal skills are vital for collaborating effectively with both internal and external partners. The ability to meet tight deadlines, work under pressure, and prioritize multiple tasks efficiently is also paramount. Specialized training, such as an ALU certificate, and a commitment to ongoing education with the goal of attaining the Fellow, Academy of Life Underwriting (FALU) and Fellow, Life Management Institute (FLMI) designations, will be highly valued. For roles based in Quebec, bilingualism in French and English (both oral and written) is a requirement due to responsibilities involving training employees and clients across Canada.