Our client, a reputable Canadian insurer, is seeking a meticulous and experienced Audit & Compliance Specialist to join their underwriting team. This full-time position based in Edmonton focuses on maintaining high standards of compliance and ensuring the integrity of underwriting activities across personal and commercial lines. The ideal candidate will bring a strong background in insurance audits, regulatory adherence, and process improvement to support ongoing excellence within the organization.
Compensation- The role offers a competitive base salary between $100,000 - $120,000 plus bonus, commensurate with experience and expertise in the insurance industry.
Benefits & Perks- Extra days off and paid time off
- Health and dental benefits coverage
- Retirement savings plan with matching contributions
- Wellness programs
- Opportunities for professional development and training
- Collaborative work environment with social events
Responsibilities- Develop, implement, and maintain audit checklists, templates, and standardized internal procedures.
- Conduct underwriting file audits to verify compliance with company policies, industry standards, and regulatory requirements.
- Present audit findings, recommendations, and opportunities for improvement to management.
- Prepare reports highlighting underwriting performance, compliance metrics, and audit outcomes.
- Review and investigate post-decision complaints received from clients, stakeholders, and regulatory bodies.
- Monitor complaint data to identify trends and provide actionable insights to support continuous improvement.
- Interpret applicable legislation and regulatory requirements to ensure ongoing compliance.
- Maintain governance documentation, audit logs, and compliance tracking systems.
- Carry out additional responsibilities that contribute to underwriting governance, risk management, and regulatory compliance.
Qualifications- Minimum of 10 years of experience working within the insurance industry, particularly in underwriting audit and compliance in Personal and Commercial Lines
- Extensive knowledge of property and casualty insurance policies, claims, and coverage interpretation
- Strong understanding of underwriting risks and risk management principles
- Excellent communication skills, both written and verbal, with diplomacy and tact
- Experience in conducting internal audits or compliance reviews preferred
- Self-motivated, detail-oriented, and capable of managing multiple priorities simultaneously
