Life Insurance Administrator

💰 ₹18,000 - ₹28,800 (Est.) 📍 Vaughan 🏠 Remote / WFH

Job Description

Founded in 1966, Masters Insurance has grown into one of Ontario’s largest and most trusted independent brokerages. We specialize in tailored insurance and surety solutions for the construction industry, built on a foundation of strong client advocacy and longstanding industry partnerships.

Driven by our core values of integrity, care, innovation, and exceptional service, we are dedicated to safeguarding our clients' interests and ensuring their peace of mind.

Our extensive services cover personal and commercial insurance, group benefits, as well as life, estate, and investment solutions. With offices in Toronto, Hamilton, Ottawa, Windsor, New York, and Florida, our skilled team partners with top insurers to provide tailored coverage options and prompt, reliable claims support.


Position Summary

This position will provide administrative support to Life Insurance Advisors, requiring excellent interpersonal and multitasking skills to help service a very active book of business. The successful candidate must be well organized, flexible, and enjoy the administrative challenges of working with a high- performing team in a fast-paced environment.


Benefits

Competitive compensation package
Generous health and dental benefits program, including Healthcare Spending Account
Robust Group Retirement Savings program with company matching
Reimbursements of license fees and professional membership dues
Full support of continuing education and growth opportunities, including career mentorship with senior management
Epic year-round employee events!
Opportunities to give back to our communities through philanthropic programs
Membership to an exclusive employee discount program
Discounts on gym memberships and select local retailers
Hybrid work schedule that supports work-life balance

Key Accountabilities

Submit life, disability and critical illness insurance applications to insurance companies
Place order for all necessary insurance policy underwriting requirements
Proactively follow up on all pending cases to ensure company service standards are met
Ensure that all policy issuance and settlement processing steps are carried out in a timely and compliant manner
Prepare insurance carrier illustrations, proposals, applications and other policy-related documents for clients
Ability to confidently interact with and support clients regarding Vitality status, benefits, and rewards, including explaining program features and resolving basic inquiries
Provide Advisors with updates on ongoing policy cases
Identify potential concerns/issues and assist Advisors with solutions
Provide quotations for proposed policy changes
Respond to client calls and answer queries relating to coverage and billing
Resolve issues regarding client premiums, account reconciliation, and other issues as they arise
Maintain hardcopy and electronic client files
Provide backup to team members during periods of absence
Prepare annual commission report for auditors
Perform other related duties and special projects, as required

Candidate Skills & Qualifications

Experience and product knowledge in Life, Critical Illness, and Disability insurance is preferred, including familiarity with insurance terminology, carrier products, software, and websites.
Minimum of 3+ years of administrative experience in the life insurance industry.
Candidates without direct product experience must demonstrate exceptional soft skills, including friendliness, professionalism, and polished verbal and written communication, along with strong linguistic and digital capabilities.
Strong eagerness to learn, adaptability, and motivation to grow and build a long-term career with Masters.
Ideal candidate is enthusiastic and positive about learning, collaborating, and mentoring on ways to improve our service and knowledge, through proactive interaction with colleagues and managers.
Proactively seek and share and challenge existing protocols wherever they believe there's room for improvement. New ideas are welcome!
Genuine interest in helping improve and modernize the servicing platform.
Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook), with proven attention to detail and accurate data entry skills.
Excellent organizational skills and effective time management abilities.
Life License (LLQP), or willingness to obtain within one year of continuous employment.

Masters Insurance Limited is an equal opportunity employer dedicated to fostering an inclusive and accessible workplace. We are committed to accommodating the needs of applicants in compliance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act at every stage of the recruitment and selection process. If you require accommodation, please contact us at [email protected].

 

💡 Quick Summary

Seeking a career-building opportunity? The Life Insurance Administrator position is now open for candidates interested in the Event Management Jobs sector. This role in Vaughan offers a professional environment and growth potential.

Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Event Management Jobs is a plus.

Sponsored

Job Details

Company Name: Masters Insurance 4.5 4.5 out of 5 stars Vaughan, ON•Hybrid work Full-time Masters Insurance

Frequently Asked Questions

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The expected salary for Life Insurance Administrator in Vaughan is ₹18,000 - ₹28,800 (Est.) per month. Actual compensation may vary based on experience and negotiation.
Yes, Life Insurance Administrator is a remote / work from home position. You can apply from anywhere in India.
Basic communication skills, a proactive attitude, and the ability to work in a team are required for Life Insurance Administrator. Previous experience in Event Management Jobs is a plus. Freshers may also apply depending on the employer's requirements.
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