About the Company
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions. Operating as John Hancock in the United States and Manulife elsewhere, we have more than 37,000 employees and approximately 114,000 agents around the world, serving over 30 million customers. With a strong commitment to diversity and inclusion, Manulife is dedicated to creating an environment where every employee can thrive and grow.
Job Description
We are seeking a diligent and experienced Insurance Underwriter to join our dynamic team in Hamilton, Ontario. This is a unique opportunity for an international candidate as Manulife is offering visa sponsorship to the right individual. The successful candidate will be responsible for evaluating, classifying, and rating risks for various insurance policies, ensuring adherence to underwriting guidelines and profitability targets. You will play a crucial role in assessing applications, determining coverage, and collaborating with agents and brokers to manage client expectations and business growth. This role requires a strong analytical mind, excellent communication skills, and a commitment to providing exceptional service within a fast-paced environment.
Key Responsibilities
- Analyze and evaluate insurance applications to determine eligibility, risk classification, and appropriate premiums.
- Assess complex financial and medical information to make informed underwriting decisions.
- Ensure compliance with company underwriting guidelines, regulatory requirements, and industry best practices.
- Communicate effectively with agents, brokers, and internal teams regarding underwriting decisions, requirements, and policy terms.
- Negotiate coverage terms and conditions, within established authority limits, to secure profitable business.
- Identify potential fraudulent activities and escalate suspicious cases as per company protocols.
- Contribute to the continuous improvement of underwriting processes and guidelines.
- Stay updated on market trends, product changes, and competitive landscape.
Required Skills
- Minimum of 3 years of experience in insurance underwriting, preferably within life or health insurance.
- Strong analytical and decision-making skills with the ability to interpret complex data.
- Excellent written and verbal communication skills in English.
- Proficiency in using underwriting software and standard office applications.
- Thorough understanding of insurance principles, products, and regulatory frameworks.
- Ability to work independently and collaboratively in a team-oriented environment.
- Proven ability to manage multiple priorities and meet deadlines.
Preferred Qualifications
- University degree in Business, Finance, Actuarial Science, or a related field.
- Completion of relevant industry designations (e.g., FLMI, ALU, AIRC).
- Experience with international applications or global underwriting standards.
- Bilingual proficiency (English and French).
Perks & Benefits
- Comprehensive health, dental, and vision insurance.
- Generous paid time off and holidays.
- Retirement savings plan with company match.
- Life and disability insurance.
- Professional development and career growth opportunities.
- Employee assistance program.
- Visa sponsorship and relocation support for eligible international candidates.
- Inclusive and diverse work culture.
- On-site fitness facilities and wellness programs.
How to Apply
Interested candidates are invited to submit their application by clicking the "Apply Now" button below. To ensure your application is considered, please include the following:
- A current resume
- A cover letter outlining your suitability for the role and your motivation for applying.
We review applications on a rolling basis and will contact shortlisted candidates for an interview.
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