New Business Administrator
Role Overview
iA Financial Group* is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.
With over $200 billion in assets and half a billion invested in technological innovation, we’re a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it’s by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate.
At iA, we’re invested in you.
Key Skills for This Role
Full Job Posting
New Business Administrator
The primary focus of the New Business Administrator is to ensure service levels to advisors are maintained and to manage cases from submission to commission as quickly and seamlessly as possible.
The New Business Administrator processes life insurance applications through the appropriate channels resulting in the issue and settlement of policy contracts including conducting appropriate follow up for requested information, data entry, reviewing all incoming mail and determining the appropriate course of action.
This is a contract position for an expected duration of 18 months.
Key Responsibilities
- Process new business applications ensuring issue and settlement processing steps are compliant, accurate and carried out in a timely manner to deliver a positive and value-added experience for advisors and maintain PPI’s service standards.
- Assume ownership of assigned files, and quality of data, including recognizing any urgencies and assisting in the resolution of problems that may prevent a file from moving through the process as quickly as possible and understanding the downstream impact on reporting and commissions.
- Order all underwriting requirements where required or confirmation of same when ordered by the advisor ensuring that all medical and/or financial documentation requirements are received and included with applications.
- Prepare all requirements for mailing to insurance carriers and/or advisors.
- Build effective relationships with assigned advisors acting as a consistent point of contact throughout the process and responding to queries.
- Maintain contact between the insurance carrier and the advisor regarding the status of the application; follow up with paramedical facilities and advisors as required, ensuring advisors are updated regularly on current status.
- Review issued policies to confirm complete accuracy and ensure advisor receives a copy.
- Settle policies by following up on all outstanding requirements, obtain all necessary signatures.
- Ensure progress is recorded in WealthServ in a timely manner and per PPI’s service standards.
- Anticipate the needs of advisors and follow established processes for informing advisors of important details related to underwriting.
- Effectively resolve any issues which pertain to cases in underwriting.
- Verify and update carrier feeds where applicable.
- Engage in actions that encourage, reflect and align with PPI’s ESG (Environmental, Social and Governance) commitments to our Advisors, their clients and our employees.
- Additional responsibilities, duties and special projects as identified.
Education, Experience and Skills
- A minimum of 2-5 years’ administrative experience, preferably in the insurance industry with an emphasis on new business processes
- Industry designation(s) (FLMI, ACS, AIAA) considered an asset
- Superior organizational and time management skills with proven ability to handle high volumes of work and tight deadlines
- Proven accuracy, attention to detail and data entry skills
- Excellent written and verbal communication skills
- Strong interpersonal skills with a demonstrated ability to develop and maintain relationships and work within a team environment
- Ability to represent self, office and organization in a professional, positive manner at all times
- Ability to handle sensitive and confidential information in a professional manner
- Knowledge of WealthServ and Microsoft Office programs; Outlook, Word, Excel and PowerPoint in particular
- The expected salary range for this position starts at $50,000 and will be commensurate with the candidate’s experience and skill set.
- We thank all applicants for applying, however, only those selected for an interview will be contacted. Your resume may be used for other vacancies.
Company Overview
iA Financial Group* is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.
With over $200 billion in assets and half a billion invested in technological innovation, we’re a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it’s by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate.
At iA, we’re invested in you.
Our Commitment to Diversity and Inclusion
At iA Financial Group, we support and celebrate diversity. We strive to provide a workplace that is recognized as inclusive for all, regardless of ethnic origin, nationality, language, religious beliefs, gender, sexual orientation, age, marital status, family situation, or physical or mental disability.
Please note that if you need help or assistance to make the recruitment process more accessible for you, please Contact us here . Someone from our team will be happy to assist you with your needs.
About PPI Management Inc.
Parent group profile
iA Financial Group
Canadian public insurer serving individuals, businesses, and advisors through insurance and wealth management services.
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