People Corporation
Experience the Benefits of People.
People Corporation

Senior Benefits Analyst (Toronto, ON or Remote)

This is an exciting time to join People Corporation. Our high level of acquisition activity and our consistent organic growth continue to define and further enhance our benefits, pension, and HR products and services and how they are delivered to our clients.

We are looking for a dynamic individual who enjoys working in a fast-paced and growing company to join our team as a Senior Benefits Analyst.

Reporting to the Director of Underwriting – Enterprise, the Senior Benefits Analyst will be responsible for carrying out the duties of the underwriting function and supporting the Management team in executing the overall objectives of the Underwriting Department. This technical role is primarily focused on supporting the Underwriting Consultant for companywide underwriting projects and is a key resource in supporting the Underwriting, Sales and Service teams in meeting the needs of its clients and other stakeholders.

Key Responsibilities: 

  • Maintain a full understanding of the group insurance markets, funding alternatives, networks and benefit plan options
  • Working closely with your leader to develop and deliver on pre- and post-renewal strategies, supporting the financial requirement of the client
  • Conduct analysis of client data in association with; financial reports, monthly and quarterly utilization, annual renewal reports and ad-hoc requests
  • Responsible for monitoring and reporting on clients’ cost/utilization patterns, identifying cost drivers, trends, areas of risk and other discrepancies
  • Review renewal rating based on formulas, knowledge of carrier, current trends, reserves and other related factors, discussing and negotiating with carriers, and completing the renewal cycle with reporting and commentary
  • Calculate and support on RFPs, amendment pricing and renewal projections
  • Assist with the preparation of marketing specifications, review and prepare cost comparisons of carrier proposals
  • Establish positive carrier/vendor relationships for the benefit of both clients and People Corporation

Qualifications:

  • The ideal candidate will have 3 to 5 years of increasingly responsible work in a related role, such as group benefits underwriting, actuarial analytics, data science, mathematics, statistics, computer programming, finance, accounting or business analytics; or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job
  • Post-secondary education in Actuarial Sciences, Mathematics, Statistics, Finance, Economics, Business Administration, Computer Science, Data Science, or related fields
  • Internal or external presentations, internal or external training experience an asset
  • GBA or CEBS designation an asset
  • Strong working knowledge of group insurance products
  • Solid understanding of various underwriting and funding methodologies
  • Strong working knowledge of association plan underwriting, understanding flex plan underwriting an asset
  • Strong analytical, mathematical and problem solving skills
  • Proficient in Excel and PowerPoint, as well as a solid working knowledge of Microsoft Word
  • Excellent written and verbal communication skills
  • Ability to develop and leverage relationships, both internally and externally with clients
  • Self-motivated, highly driven, team player, with the ability to work independently
  • Ability to prioritize time sensitive deadlines in a fast paced environment
  • Effective attention to detail and a high degree of accuracy
  • Outside the box thinking to create efficiency around work
  • Continuously improve your knowledge in group benefits in the changing environment
We're ready to help. With COVID-19 top of mind, we're committed to keeping you informed. Learn More.
Nous sommes prêts à vous aider. La COVID-19 étant une priorité, nous sommes déterminés à vous tenir informés. Précisions.
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