Manager, Insurance Underwriting - Markham, Canada - TD Bank

TD Bank
TD Bank
Verified Company
Markham, Canada

4 weeks ago

Sophia Lee

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Sophia Lee

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Description

TD Description
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Department Overview

  • The department's goal is to ensure that Underwriting practices and decisions meet the mortality and morbidity claims experience for the specific product lines. There is also a large focus on the Customer Experience.
  • The department handles high volumes in a rapidly paced environment.
  • Knowledge
  • 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 ongoing 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.
  • 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 pricing.

Job Requirements

Experience & Education

  • Post secondary education or equivalent work experience
  • Minimum 15 years underwriting experience
  • AALU FALU preferred
  • LOMA Customer Service

Job 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
  • Provide an information resource for underwriters at all levels
  • 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 and 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 with clients and collaborate with head office colleagues to provide the highest quality and service levels to customers and serve as the Team's primary contact
  • 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. Product, Actuarial / Senior Manager / Medical Directors / Legal

Additional Information

  • At TD, we are committed to fostering 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 our customers and communities in which we live and serve.

    If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.


Inclusiveness


At TD, we are committed to fostering 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 our customers and communities in which we live and serve.

If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.


Job Family

  • TDI Underwriting

Job Category - Primary

  • Operations & Underwriting

Job Category(s)

  • Operations & Underwriting

Hours

  • 37.5

Business Line

  • Corporate

Time Type

  • Full Time

Employment Type

  • Regular

Country

  • Canada

Province/State (Primary)

  • Ontario

City (Primary)

  • Markham

Work Location

  • 101 McNabb Street Insurance

Job Expires

  • 05Apr2023
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