Job Postings
Business Quality Review Analyst
at
Foresters Financial
Business Quality Review Analyst
  • Company
    Foresters Financial
  • Location
    Toronto, Ontario, Canada
  • Type
    Full-time
  • Date Posted
    December 25, 2024
**Career Opportunity**

**Role Title:** Business Quality Review Analyst

**Purpose of Role:**
The Business Quality Review (BQR) Team is dedicated to fostering business quality within Foresters while monitoring both our new and inforce business. By leveraging data and key metrics, the BQR team identifies potential risks, profitability, and upholds the integrity of Foresters' business practices. The successful candidate is expected to become familiar with our products across Canada and the US to better support the business. They will analyze data, collaborate with key stakeholders, and support proactive measures to safeguard and maintain strong business quality and profitability.

**Job Description**

**Key Responsibilities:**
- Analyze and synthesize data from multiple reports to identify poor-quality business, inappropriate practices, and potential instances of agent behavior that may require further attention.
- Coordinate with stakeholders, including Special Investigations Unit, Compliance, and Legal teams, to monitor indicators of potential suspicious activities, questionable selling practices, or training opportunities.
- Monitor mortality trends to identify potential anomalies, anti-selection, or patterns indicative of potential inappropriate practices.
- Implement and oversee front-end processes designed to proactively identify and mitigate potential business quality and mortality concerns.
- Work with Actuaries, Product management, and other departments to monitor and manage the profitability of products, focusing on high-risk metrics specific to products or distribution channels.
- Assist in the oversight of the quality management of both new and in-force blocks of business, ensuring alignment with organizational objectives and profitability goals.
- Monitor mortality experience at the product level to identify trends and ensure alignment with pricing and risk assumptions.
- Work with stakeholders to expand and enhance data, improving predictive capabilities for product-level monitoring, mortality analysis, and decision-making.
- Develop, prepare, analyze, and deliver monthly/quarterly reports, dashboards, and scorecards.
- Quantify the impact of preventative measures and estimate the influence of proactive initiatives on agent practices, mortality outcomes, and overall business quality.

**Key Qualifications:**
- Bachelor’s degree in mathematics, science, business, economics, or another relevant field.
- One (1) year of work experience in a life or health insurance company is an asset.
- Strong communication skills required to engage with both technical and non-technical audiences.
- Capable of performing bottom-up checking of processes or models to ensure accuracy of results and troubleshoot when necessary.
- Demonstrated ability to recognize conflicting information or lack of information that could affect analysis and cooperate to resolve issues.
- Experience with Microsoft Excel, Word, PowerPoint, and Power BI. Current experience with these tools is an asset.
- Innovative thinker and problem solver, confident in recommending solutions.
- Willingness to think creatively and consider alternative perspectives.
- Growth mindset with the ability to learn and adapt quickly.
- Familiarity with life insurance products in the U.S. and Canada, agent behavior monitoring, and business quality initiatives.
- Strong analytical skills and the ability to synthesize large volumes of data into actionable insights.
- Experience in reporting, data analysis, and creation of dashboards or scorecards.
- Proven ability to manage multiple projects and prioritize tasks to meet deadlines.

**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. Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing accommodations during the recruitment process, please email accommodations@foresters.com in advance of your appointment.

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