Senior Manager, Insurance Underwriting Life and Health and Creditor

at  TD Bank

JOB DESCRIPTION:

Department Overview:
TD Insurance (TDI) is part of TD Bank Group, one of Canada’s largest financial institutions. TD Insurance helps protect clients from the ‘accidents of life’ with a wide range of products including credit protection, life, health, travel, home, and auto insurance.
In Canada, we have two lines of business, General Insurance and Life and Health. The mandate of the Life & Health Team is to grow the Life & Health business through the delivery of solutions that meet the insurance needs of our customers. The business objectives are to protect our customers by offering a robust offering of life and health insurance solutions, travel insurance and wealth insurance solutions, and ensuring we are the leading digital insurer in Canada.
At TD Insurance, we are committed to fostering an inclusive, accessible environment. With a Canada-wide workforce of over 5,000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow. TD Insurance offers a stable and dynamic work environment where talent is appreciated, and professional development is taken seriously. More than just a job, we offer rewarding careers.
Role Description
Reporting to the local AVP Product, Underwriting and Governance and Control, the Senior Manager Underwriter will be responsible for applying sound underwriting judgement in evaluating facultative risks referred. The successful candidate must have the capacity for the timely turnaround of cases which meet agreed client service standards and ensure that the highest quality of service delivery is met.
The successful candidate should possess the motivation and aptitude to assume more strategically focused responsibilities in the longer term. It is critical that the Senior Underwriter be attracted to the prospect of working in an entrepreneurial environment and that he/she possess the communication skills and confidence necessary to engage on a daily basis, with senior level executives and colleagues. He/she will play a critical role in raising the profile, as a member of “the Company’s” service offerings in Canada and supporting its corporate objectives.
Key Responsibilities
o Conduct risk assessment and classification in accordance with TD Insurance Life and Health philosophy and standards.
o Provide sound underwriting judgement on all facultative cases, within approval limits, while holding signing authority up to $10 million.
o Manage all aspects of the underwriting process.
o Participate and in and provide a leadership resource for underwriters at all levels.
o Provide feedback on Team performance and develop training, performance, and career development plans.
o Communicate with clients and collaborate with head office colleagues to provide the highest quality and service to levels and to customers and serve as Team’s primary contact.
o Maintain positive and effective relationships with internal and external partners.
o Serve as Team’s liaison with other departmental units –i.e. Product, Actuarial, Senior Managers / Medical Directors / Legal
o Comply with consumer laws and regulations regarding risk classification, confidentiality, and disclosure.
o Identify and propose solutions to problems and procedures related to the underwriter’s work.
o Promote an atmosphere of trust with all clients to facilitate the acceptance of decisions.
Required Qualifications
o Bachelor’s Degree in Arts/Sciences (BA/BS) in Pharmacy/Medicine and specific related work experience preferred.
o Minimum 10 years underwriting experience, AALU, FALU preferred.
o Approval limit of at least $5 million in life insurance and $250 thousand in Critical Illness
o LOMA Customer Service preferred.
o Strong industry knowledge with good analytical and problem-solving skills required.
o Ability to adapt to changing environment of Underwriting required.
o Strong verbal and written communication with good computer knowledge required.
o Must be creative, flexible, motivated and responsive.
o Demonstrate effective time management, conflict resolution and team management.
o Work effectively in teams
o Client focused (both external and internal)
o Bilingualism (English and French) is a strong asset.
Additional Information:

WHO WE ARE:

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Please refer the Job description for details