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Masters Insurance Jobs in Vaughan, ON (NOW HIRING)

Life Insurance Administrator

Vaughan, ON ยท Hybrid

$55K - $85K/yr

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 ...

Life Insurance Administrator

Vaughan, ON ยท On-site

CA$55K - CA$85K/yr

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 ...

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Masters Insurance information

What is Masters Insurance?

Masters Insurance typically refers to a type of insurance policy designed to provide broad coverage for businesses or organizations under a single, comprehensive plan. These policies can include various types of insurance, such as liability, property, and workers' compensation, tailored to meet the unique needs of companies, often in industries like construction or real estate. The purpose of a masters insurance policy is to streamline coverage, simplify administration, and potentially reduce costs by consolidating several insurance needs. This approach can help businesses manage risk more efficiently across multiple projects or locations. If you are considering a masters insurance policy, it's important to consult with an insurance broker to ensure the coverage aligns with your business requirements.

What is the difference between Masters Insurance vs Insurance Agent?

CriteriaMasters InsuranceInsurance Agent
Required CredentialsTypically requires a license, industry certifications, and sometimes a master's degree in insurance or related fieldRequires a license; certifications vary by state but generally less advanced education needed
Work EnvironmentOffice-based, consulting with clients, analyzing policies, and managing insurance portfoliosFieldwork and office work, meeting clients, selling policies, and providing customer service
Employer & Industry UsageInsurance companies, brokerages, and consulting firmsInsurance agencies, brokerages, and independent agents
Common Search & ComparisonMasters InsuranceInsurance Agent

Masters Insurance professionals typically hold advanced licenses and certifications, often working in consulting or managerial roles within insurance companies. Insurance agents focus on selling policies and providing customer service, usually requiring a license but less formal education. Both roles are integral to the insurance industry but differ in responsibilities and qualifications.

What are the common challenges faced by professionals working in Masters Insurance roles, and how can they be addressed?

Professionals in Masters Insurance roles often face challenges such as staying up-to-date with evolving regulations, managing complex client portfolios, and adapting to rapidly changing market conditions. Additionally, balancing client expectations with underwriting guidelines requires strong communication and problem-solving skills. To address these challenges, it's essential to invest in continuous learning, leverage technology for efficiency, and collaborate closely with underwriters, claims adjusters, and risk managers. Proactive client relationship management and regular industry training can also help professionals stay ahead in this dynamic field.

What are the key skills and qualifications needed to thrive as a Masters Insurance professional, and why are they important?

To thrive as a Masters Insurance professional, you need in-depth knowledge of insurance products, risk assessment, and underwriting principles, often supported by a relevant degree and state insurance licensing. Familiarity with insurance management software, claims processing systems, and CRM platforms is typically required. Strong interpersonal skills, attention to detail, and problem-solving abilities help build client trust and manage complex policies effectively. These skills and qualities are crucial for ensuring accurate policy management, regulatory compliance, and exceptional customer service in a competitive industry.
Infographic showing various Masters Insurance job openings in Vaughan, ON as of July 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 93% Physical, 4% Hybrid, and 3% Remote job distribution.

Life Insurance Administrator

Masters Insurance

Vaughan, ON โ€ข Hybrid

$55K - $85K/yr

Full-time

Medical, Dental, Retirement

Re-posted 4 days ago


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 cclare @mastersinsurance.com.

Masters Insurance takes a fair and transparent, market-based approach to compensation. We recognize that experience and expertise can vary, and we encourage qualified candidates to apply even if their experience or compensation expectations fall outside the stated range. Final offers are determined based on qualifications, experience, skills, and internal equity to ensure consistency and fairness.

Employment Type: FULL_TIME