Position OverviewThe Group Reinsurance Solutions Team is responsible for developing creative, custom-tailored reinsurance solutions for Group benefits in the Canadian and Caribbean market and collaborating with our clients to help manage profitably and grow their business.
The successful candidate will be working closely with members of the team and other key individuals from the Toronto and Montreal offices to support the underwriting needs of our clients and help execute the objectives and strategies of the Group Reinsurance Solutions team through their extensive knowledge in underwriting of group insurance
Your Role: Client Support - Responds to client's requests that are entrusted to him/her with respect to quotes and renewals of group insurance contracts.
- Takes an active role in ensuring retention of all treaties as part of clients quotes and renewals activities. Approves or recommends changes or alternatives to client's suggestions when needed.
- Conduct in the underwriting reviews, provides recommendations and comments, prepare audit reports to client's intent.
- Addresses needs of clients in a timely, proactive and professional manner, advising senior management of any business issues impacting Munich Re and/or the client, makes recommendations and takes action to resolve concerns.
- Draft treaties and amendments.
- Reviews, proposes and approves changes to Group Underwriting guidelines and practices of our clients.
Support of Business Lines - Prepare quote proposals, provide required analysis and develop recommendations and solutions that maximize growth and profitability.
- Provide Group underwriting expertise in the development and amendment of reinsurance treaties.
- Works on the maintenance of Group pricing basis and services offer for all markets.
- Provide knowledge and support to other team members including actuarial, medical underwriting, claims and senior management, assisting them in managing the client relationships.
- Prepare reports of the operations and activities of the team and business.
Research and Development- Acquire and maintain advanced knowledge of product and market trends, current Industry issues, relevant legislation changes, and underwriting best practices.
- Develop and maintain Group underwriting tools and methodologies, manuals and guidelines, market databases and comparative reports.
- Support with the research, development, and implementation new products, benefits, features and distribution strategies.
- Maintains a high profile within the underwriting community and develop network of contacts to gain market intelligence, promote the expertise of the company and influence practices and procedures within the industry.
Your Profile: - University Degree in Actuarial Science, Statistics, Mathematics or Finance.
- 7+ years in-depth knowledge and experience in the Canadian and/or Group Life and Health (re)insurance industry.
- Fluency in English required; French is an asset.
- Strong analytical, problem-solving, and business acumen with a proactive, goal-oriented approach.
- Excellent communication and presentation skills, both written and verbal, with the ability to build and maintain effective relationships.
- Highly organized with superior attention to detail; able to manage multiple projects and priorities in a fast-paced, performance-driven environment.
- Decisive and confident in making tough decisions while fostering collaboration and challenging appropriately.
- Demonstrated ability to work under tight deadlines and deliver accurate, high-quality results.
What Can We Offer You?We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:
- An engaging and collaborative environment that promotes continuous learning and development
- A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons
- A great compensation package including annual company bonus
- Market leading company-paid flexible health and dental benefits, starting on your first day
- Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
- Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match
- Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
- Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
- Maternity, Parental & Adoption Leave top-up program
- Employee Referral Program, Recognition & Rewards Platform
Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.
