At a Glance
- Tasks: Lead and mentor insurance advisors while ensuring compliance and high professional standards.
- Company: Join deVere Group, a global leader in financial services expanding into Canada.
- Benefits: Competitive salary, commissions, and opportunities for professional growth.
- Other info: Enjoy a supportive culture with excellent career advancement opportunities.
- Why this job: Make a real impact by shaping advisor behavior and client retention in a dynamic environment.
- Qualifications: LLQP certification and 2-3 years of advisory experience required.
The predicted salary is between 68465 - 83679 $ per year.
Looking for an exciting opportunity to help build a new agency from the ground up, where your contributions make a real difference? deVere, a global firm is expanding their operations to Canada and is seeking a motivated, entrepreneur minded individual for the role of Senior Insurance Advisor / Designated Agent. The Designated Agent plays a central role in shaping advisor behavior, protecting advisor and client retention, overseeing suitability, and modeling and maintaining high professional standards across the Agency. They will report to the Chief Compliance Officer (CCO) and CEO.
Key Responsibilities
- Oversee the daily supervision of all licensed insurance agents.
- Review and approve new business submissions to ensure completeness, accuracy, and suitability.
- Enforce adherence to proper KYC, needs analysis, and disclosure standards.
- Monitor advisor communication practices for clarity, fairness, and compliance.
- Support onboarding and ensure new advisors understand their legal and regulatory requirements.
- Apply enhanced supervision for new advisors and those showing elevated risk indicators.
2. Suitability & Advice Quality Assurance
- Ensure all recommendations are appropriate and justified based on documented client needs and financial circumstances.
- Review replacement policy proposals for full compliance with regulatory and insurer requirements.
- Guide advisers on product features, risks, and insurer underwriting criteria.
- Maintain oversight of ongoing suitability through structured annual reviews and life‑event‑driven reassessments.
3. Retention & Agency and Advisor Risk Management
- Monitor retention at advisor and Agency level, ensuring the business maintains its target of 80%+.
- Identify and intervene where early lapses or file‑quality issues arise.
- Enforce lapse‑prevention processes and follow‑up workflows.
- Support oversight of the Agency’s commission‑retention system and advisor commission framework.
4. Compliance Oversight & Regulatory Alignment
- Maintain consistent adherence to FSRA regulatory requirements.
- Assist the CCO in operating and enhancing the Compliance Monitoring Programme.
- Participate in complaint reviews, audits, and regulatory examinations.
- Promote and reinforce a culture of ethical behavior, fairness, and client‑centric advice.
- Provide structured mentorship to advisors, helping enhance their competencies.
- Support new advisors with shadowing, coaching, and workflow guidance.
- Ensure all advisors meet Continuing Education (CE) requirements.
- Offer formal and informal feedback to support performance improvement.
6. Operational & Administrative Duties
- Ensure advisor submissions meet insurer standards and are processed without avoidable delays.
- Contribute to advisor performance reviews with compliance‑focused insights.
- Support system integration across CRM, compliance tools, and document‑management platforms.
- Prepare supervisory reports for the CCO and senior management.
Required Qualifications & Experience
- Successful completion of LLQP and a valid Life & Accident & Sickness licence in Ontario (or fulfilling the requirements to obtain one).
- Minimum 2–3 years of advisory experience (preferably more).
- Strong understanding of Canadian insurance products, underwriting, and suitability processes.
- Experience in advisor supervision, compliance oversight, or leadership is preferred.
- Strong attention to detail with proven ability to uphold rigorous compliance standards.
- High integrity and strong ethical judgement.
- Excellent communication and interpersonal skills.
- Ability to identify and mitigate conduct and commercial risks.
- Proactive problem‑solving ability.
- Confidence supervising advisors in a regulated environment.
Compensation Package
Compensation for this role will be a combination of fixed and variable compensation. It includes a base salary, override on supervised team members, and commissions on personal production.
Additional Notes
Compensation is structured to balance supervisory responsibility with production capacity, ensuring the Designated Agent maintains independence and objectivity in oversight. Retention, compliance performance, and advisor supervision quality may influence variable compensation elements.
Details
- Seniority level: Mid‑Senior level
- Employment type: Full‑time
- Job function: Management and Training
- Industry: Insurance, Banking, and Financial Services
Designated Agent in Winnipeg employer: deVere Group
At deVere Group, we pride ourselves on being an exceptional employer that fosters a dynamic and entrepreneurial work culture. As we expand our operations to Canada, the Designated Agent role offers unique opportunities for professional growth, mentorship, and the chance to make a significant impact in shaping the future of our agency. With a strong focus on compliance, ethical standards, and advisor support, we ensure our employees thrive in a collaborative environment that values their contributions and promotes career advancement.
