Group Benefits Consultant
Waterloo, ON, Canada
Job Description
Company Description
OTIP (Ontario Teachers Insurance Plan) is a member-focused, service-driven organization. We are committed to putting our people first by fostering a positive and inclusive work environment, providing a competitive total compensation package and investing in career development. Our team is currently looking for a: Group Benefits Consultant
- Monitor overall benefit plan activity to determine if the plans are performing as projected and identifying factors that are influencing plan activity (financial, enrolment, demographics, claims, reserves, pooling, environment).
- Accountable for writing and delivering the client monthly and quarterly benefit reports and presentations. Working closely with the Underwriting Analysts who produce the data for the reports, the Group Benefits Consultant will direct, review, and add insights to the reports to highlight the results to the ELHT Trustees.
- Work closely with the members of the consulting team to provide updates on changes to the benefits industry, education industry and public policy (legislation) that impact the ELHT benefit programs.
- Working closely with the OTIP Client Relations Manager, ELHT Executive Directors and ELHT Committees on plan design reviews, the Group Benefits Consultant will facilitate any required analysis with the Underwriting Analysts and produce the final report and presentation of results.
- Collaborate with the OTIP Leadership Team, the Consulting Team and the ELHTs to identify, evaluate and implement strategic opportunities that would enhance OTIP?s competitiveness and the ELHT benefits program. Responsible for monitoring the activity of these programs.
- Responsible for communicating changes requested by the ELHTs to the assigned OTIP Underwriting Specialist to ensure that any changes are accurately implemented.
- Accountable for the preparation and delivery of the annual carrier renewal and audited financial statement review. Working closely with the Underwriting Analysts on the renewal review and financial statement reconciliation, the Group Benefits Consultant will provide insights and recommendations to the ELHTs.
- Support the ELHTs with its annual actuarial study and financial audit. Working closely with the Underwriting Analysts, the Group Benefits Consultant will ensure that all required information is provided to the actuary and auditors and provide direct support as required.
- Support the ELHTs with any collective bargaining requests as well as high level member claims exceptions. Working closely with the Underwriting Analysts and Specialists to assess requests and prepare supporting reports.
- Participate in corporate initiatives that will enhance OTIP?s competitiveness as well as high level escalations brought forward from the ELHT Executive Directors.
- Provide training and support to the Benefits Specialist and Analysts.
Qualifications
- A university degree or college equivalent and a C.E.B.S. designation or other industry equivalent.
- A minimum of ten years? experience in group insurance underwriting or working with the financial aspects and provisions of group insurance.
- A high level of knowledge of insurance contracts and provisions, underwriting agreements, underwriting and administration practices. High degree of understanding of large case Life, Health and Dental plans (over 10,000 lives) would be considered an asset.
- Exceptional verbal and written communication skills and the demonstrated ability to deal effectively with all levels of internal and external stakeholders.
- The demonstrated ability to provide outstanding service in an accurate and efficient manner.
- Superior time management and organizational skills to manage competing priorities, including project management skills.
- Intermediate knowledge of Microsoft Office Suite applications (Excel, Word, PowerPoint).
- The ability to communicate in French is considered an asset.
Additional Information
What we offer:
- Competitive salary and bonus structure
- Industry-leading employer-paid group benefits that start on your first day
- Defined benefit pension plan
- 100% coverage of continuing education and licensing fees (including RIBO and AIC courses)
- Flexible work from home and hybrid options
- Opportunities for advancement
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Job Detail
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Job IdJD2171422
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationWaterloo, ON, Canada
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EducationNot mentioned