OPEN JOB: VP, ReinsuranceLOCATION: Toronto, Ontario, Canada***Relocation Assistance Available BASE SALARY - CAD $150,000 to C$200,000
4 Days in office - 1 day work from homeINDUSTRY: InsuranceJOB CATEGORY: Policy Underwriting - If you have experience in Underwriting, broking and Reinsurance and are looking for a new challenge, we would love to hear from you.
- Our client, a leading Reinsurance Firm is currently looking for a VP Reinsurance Director to develop and manage complex reinsurance strategies as well as the development and management of high level relationships with attributed reinsurers, brokers and portfolio managers at the SVP level.
- Reporting to the EVP Chief Underwriting Officer, and in close alignment with Group Reinsurance, you will be working on developing and leading all aspects of the Reinsurance Strategy development and execution. This includes developing and managing relationships with the business and working closely to build and execute reinsurance placements that meet the needs of the businesses.
What you will do: - Working closely with the EVP Chief Underwriting Officer, SVP Technical Director and SVP Chief Pricing Actuary, you will be positioned as an objective business partner, develop, and align treaty level reinsurance strategies, in conjunction with key stakeholders, to support our business strategy and ambitious growth plan in Canada. This includes portfolio and growth strategy optimization.
- Works closely with Group Reinsurance and Canadian BU Analytics colleagues and utilizes their input and findings in the decision-making process.
- Supports Treaty Premium Planning & Analysis
- Oversees treaty contract compliance.
Responsibilities also include senior management related responsibilities such as: - Ensuring that data is suitable for external and internal treaty pricing purposes
- Collect and validate exposure information from the business
- Design scope of cover; determine contract wording; release submission
- Negotiate and agree terms and conditions with approved reinsurers; finalize contract wording
- Coordinate running internal pricing models, calculation of benchmark price, and/or validation of risk transfer
- Complete compliance forms, including obtaining sign-off from Group Reinsurance Legal, as required
- Ensure reinsurance governance in accordance with the Zurich Risk Policy is adhered to and documented as required.
- Business Travel, as required
- Extended Hours during Peak Periods, as required
REQUIREMENTS: - Bachelor's degree, preferably in finance or economics
- Minimum of 10 years' experience of Reinsurance underwriting or brokerage
- Ability to build strong business partner relationships
- Experience working across business units/functions and collaboration in a team environment.
- Profound understanding of and experience with OSFI's supervisory expectations of sound reinsurance practices and procedures
- Strong verbal and written communication abilities, capable of engaging with high management levels.
- Proficiency and motivation in working with technical details.
- Strategic thinking capabilities
- Proficiency in influencing and negotiation
PREFERRED:• Strong analytics skillset
• Advanced knowledge of reinsurance contracts
• Negotiation and business partnering experience
• MBA or post graduate studies
• Bilingual in English and French would be considered as a strong asset
If you are interested in pursuing this opportunity, please respond back and include the following: - MS WORD Resume
- required compensation.
- Contact information.
- Availability
Upon receipt, one of our managers will contact you to discuss the position in full detail.Stephen FleischnerINTERMEDIA GROUP, INC.Email: [email protected]LINKEDIN: https://www.linkedin.com/in/stevefleischner/
