Job Description

Permanent Full Time

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The Group Benefits Analyst is an integral role, responsible for supporting the Growth Strategy at Canada Life by handling all the underwriting analyst functions for new business quotes and renewing current Employee Benefit Plans. Reporting to the Regional Sales Support Manager, the successful candidate will work closely with Account Managers, Underwriters and other stakeholders.

We are looking for a creative and energetic Group Benefits Analyst to meet profit and growth objectives by considering industry, economic outlook, administrative requirements, financial arrangements and historical experience. You will join a creative, collaborative, and innovative team to improve the customer experience and determine what Canada Life can offer.

What you will do:

• Preparation of Request for Proposals (RFP) for SPAC, Non-Refund and Administrative Service Only (ASO) up to the field underwriting limit including manual rate calculations and experience rate analysis
• Analyzing data, identifying plan design and making basic pricing decisions to assist in driving new sales and renewing existing employee benefit plans
• Respond to requests for pricing plan amendments
• Calculate manual rates by manipulating the data and determining the proper set up of classes and benefit descriptions
• Recommend plan design and product solutions to Account Managers through the analysis of client claiming patterns and within a financial advisors’ book of business
• Prepare experience analyses on all benefits (Life, Long Term Disability, Short Term Disability, Health and Dental benefits) based on experience information provided
• Tracking management report requirements for the office ensuring that the information compiled can be utilized by management to make sound business decisions and achieve regional objectives
• Collaboration with regional sales office teams and head office staff (i.e. underwriting and reporting areas) is essential to the success and development of the role

What you will bring:

• Strong mathematical skills and financial aptitude
• Strong organization and time management skills with an ability to manage multiple projects simultaneously often with scheduled deadlines
• Underwriting and/or Group Life & Health Insurance experience is a definite asset
• Strong analytical and problem-solving ability
• Strong team commitment and collaboration skills
• Ability to show initiative and be self-motivated
• Dedication to continual learning and self-development
• Good verbal and written skills as well as customer service skills
• Strong computer skills especially in Excel, Word, Salesforce, PowerPoint, and MS Teams
• Find opportunities to make a difference for our customers, drive for results
• Focus on customer solutions and continuous improvements; flexible and aim to understand what work will best help us meet customer needs and expectations

Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: 330 University Avenue - Toronto, Mississauga - 1 City Centre or 2005 Sheppherd Avenue - Toronto.

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The base salary for this position is between $50,900 - $76,400 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.

Grow with Canada Life

We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.

We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you!

What we offer

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member:

• Career Development Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.

• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.

• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day. 

• Financial Security: Company-matching pension plan, share ownership program and additional investment options.

• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis on Community We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

Learn more about Canada Life

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact talentacquisitioncanada@canadalife.com All information provided will be handled in accordance with applicable laws and Canada Life policies.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted

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