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22 Nov 2022

Full-Time OPERATIONS MANAGER – Life Insurance

Insurance Career Network – Posted by Monica Toronto, Ontario, Canada

Job Description

This Life Reinsurance Company works with clients in Europe, Asia, Australia and North America, specializing in risks associated with Life, Critical Illness, Income Protection, Hospital Cash and Longevity products. Their clients are insurance or reinsurance companies looking for a new and innovative approach to taking risks.

Our client recruits top quality staff and invests in the latest analytical technologies.

They place the health and wellbeing of their employees at the forefront of what they do. They provide a high level of support for employees who continue to work from home, including regular online collaboration events, providing suitable home-working equipment, and flexible working options, as well as regular social activities.

They are currently looking for an Operations Manager.

Purpose of Role:

Reporting into the AVP, Operations, the Operations Manager is to lead and develop a team of Operational staff, providing an efficient, cost-effective, customer-focused Operations service of the highest quality to both internal and external clients to support company objectives. The Operations Manager takes full ownership of client issues and challenges and to be able to pull a team together to resolve issues. The Operations Manager is responsible for overseeing management reporting and metrics for the Operations team.

Main Duties:

Manage the performance of the team, setting goals and objectives.
Monitor/review performance against these goals and objectives.
Conduct performance reviews in accordance with process timelines.
Provide coaching and training to team members as required.
Monitor and seek to improve the performance of the team members and overall team on internal relationships, client relationships and account management.
Develop working relationships across the organization and act as liaison between the team and Treaties, Claims, Finance, Corporate Actuarial and Senior Management on specific client issues.
To understand the needs of the entire organization and be able to influence peers when required.
Liaise with clients, Sr. Management and downstream stakeholders to effectively manage complex client issues.
Assist with the planning, coordination and participate in client audits, ensuring the quality of documentation and administration is appropriate, recommending remedial action as appropriate.
Assist with the writing of the audit report/ findings
Manage all outstanding audit findings with the client and ensure the data base is updated timely and accurately
For all teams, oversee the results of the operations team’s quality of work, for completeness and accuracy.
For all teams, provide regular reporting of metrics to Operations management, including notable trends and issues that need to be managed.
Provide all necessary numbers for quarterly senior management reporting (MI Pack).
To provide strategic solutions to complex workflow issues
The Job holder’s role is primarily one of leadership, but they may be required to interpret, validate and record details of client reporting or perform other duties from time to time.
Support Operations AVP’s and VP when required
Implement, manage and measure business strategy to achieve departmental objectives
Lead small to medium sized projects in order to achieve business outcomes.

Qualifications & Experience

6 – 8 years relevant reinsurance/insurance and client service experience
Proven success leading small to medium sized teams and/or projects
Post-secondary education or equivalent with a background in business, mathematics, economics or accounting, or equivalent business experience
Industry relevant education completed or in progress (eg. ACS, ARA, FLMI, CMA, etc.)
Demonstrated experience in handling difficult situations effectively
Sound knowledge of life reinsurance practices and principles. This may also include underwriting and/ or claims experience.
Intermediate or expert experience with Excel, Access and Business Objects
Demonstrated experience improving processes and procedures
Extensive knowledge of the business unit’s processes and systems
Shows good judgement in critically evaluating client data
Strong written and verbal communication skills on technical issues

How to Apply

Insurance Career Network is a recruitment firm focused exclusively on the insurance industry.  Our relationships, knowledge and leading experience enable us to connect leading insurers, brokerage firm and independent adjusting firms with the most talented candidates for each role. Since 1991, we have been building and nurturing relationships and with over 13,000 registered candidates, we can tap into our highly technical experience for our clients.  Our recruiters come directly from insurance related positions and bring a wealth of knowledge to each recruitment assignment. TO APPLY: Register and submit your resume to monica@insurancecareernet.com or call Monica for more information 416 703-5120 ext 201

Job Categories: Administration. Job Types: Full-Time.

Job expires in 22 days.

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