Bilingual New Business Administrator (12 months contract)

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Toronto, ON, CAN
In-Office
Insurance • Financial Services
The Role
Career OpportunityRole TitleBilingual New Business Administrator (12 months contract)Purpose of roleExperienced professional overseeing the meticulous review of life insurance applications, ensuring data accuracy, and compliance with regulations. Proficient in adjusting premiums, managing escalations, processing payments, and contributing to various tasks, with bilingual proficiency for effective communication (French & English). Adaptable to diverse responsibilities in a dynamic business environment.Job DescriptionKey Responsibilities
  • Review and verify individual life insurance applications to ensure data quality and integrity

  • Evaluate new applications to determine level of coverage and premiums using pre-set guidelines and other referencing materials

  • Perform quality checks to ensure compliance with government regulations related to licensing, errors and omissions, and money laundering

  • Communicate in French & English with clients and business partners, internally and externally, by telephone and email, for outstanding requirements and other details/requirements

  • Adjust premiums or coverage according to the underwriting guidelines as requested

  • Enter/edit application information with speed and accuracy

  • Scan and file of each application into internal software systems

  • First point of contact for Escalations

  • Process payments and balance for banking

  • Complete Scorecards

  • Manage Shared Inbox

  • Assist with requirement gathering for projects and user testing

  • Other duties as required by the business

Key Qualifications
  • Education (minimum required): University degree

  • Experience (minimum required): 2-3 years of insurance administration

  • Excellent data entry skills

  • Excellent Phone Etiquette

  • Attention to detail & Typing speed of 60-70 wpm

  • Proficient in Microsoft Office applications

  • Strong team player

  • Able to multitask in a fast paced, high volume work environment

  • Demonstrated problem solving and analytical skills

  • Highly organized and efficient

  • Excellent customer service skills

  • Proficient in English and French (verbal and written)

#LI-Hybrid

Salary Range:

$40,000.00 - $55,000.00

The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.

Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.

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The Company
HQ: Toronto, Ontario
1,509 Employees
Year Founded: 1874

What We Do

Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored plans to prospective and current members. Dedicated to its members’ well-being, Foresters offers a suite of member benefits and is redefining the conventional life insurance model, bringing improved financial security and overall wellness to everyday North American families. Foresters recently merged with Canada Protection Plan to become a leading life insurance distributor in Canada. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 23 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best.

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