The Financial Analyst is a key supporting member of the sales team. They are responsible for analyzing data, identifying plan design and making basic pricing decisions to assist in driving new sales and renewing existing employee benefit plans. Post-secondary education, preferably in commerce, finance, business administration of a related field; or equivalent work experience is essential.
Determine price to quote using experience-rating of benefits and provide recommendations on pricing to account managers
Review quote requests and evaluate risk and eligiblity
Prepared rate summary spreadsheets for analysis by account managers
Prepare and package quotes: review with account manager for delivery to client or advisor
Prepare quotes including experience-rating
Prepare documentation including any proposal or letter detailing benefits and applicable rates; review with account manager for delivery to client and/or advisor
Independently perform detailed review of renewal action propsoed by Head Office ensuring accuracy and where issues arise, review with head office.
Determine rate action to be proposed within broad parameters of Underwriting policy
Identify potential plan design alternatives including pricing for them
Assist account managers in managing financial elements of accounts
Assist account managers in advisor communications including AOR issues, incentive compensation programs - ensuring through data analysis that details on what each advisor is eligble for is accurate.
Track management reporting requirements for the region ensuring the information compiled can be analuzed by management to ensure that regional objectives for Non-Refund sales, execution and persistency are achieved and are consistent with with head office reported results, and if not, seek correction or explanations for variances
Expert knowledge of Salesforce to produce custom reports
Understand and analyze financial data and create custom spreadsheets and reports.
Qualifications and Competencies:
Post-secondary education preferably in commerce, finance, business administration of a related field.
Completion of High School plus expectation of completing the Group Benefits Associate designation of the CEBS progam within 3 years of assuming the position
Three years exn insuranceperience in group insurance
Insurance experience an asset
Proficiency in Microsoft Word, Excel and PowerPoint as well as Salesforce
Strong organizational and time management skills to handle time sensitive work
Strong data analysis skills and expert knowledge of proprietary quoting and renewal sysems
Strong math and arithmetic skills
Strong team player
Ability to seek out effective solutions and methods to meet customer needs
Strong product and financial accounting knowledge of Non-Refund accounts
Abiltiy to develop market analysis to link client needs with plan/pricing solutions
Discover your opportunity….Apply today!
Great-West Life offers competitive compensation, great benefits such as medical, dental, life insurance, wellness account and personal days. If you’d like to join our team submit your information online and introduce yourself.
Together Great-West Life, London Life and Canada Life serve the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.
We are committed to providing 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 the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.
Great-West Lifeco would like to thank all applicants, however only those who qualify for an interview will be contacted.