Manager, Reinsurance Operations

Reinsurance Group of America, Incorporated; Toronto; On-site; CAD 97,000 - 122,000; Full time

Job summary

A leading reinsurance firm is seeking a Manager for Reinsurance Operations in Toronto. This role requires expertise in reinsurance processes and effective leadership of a team to ensure quality and compliance. Candidates should have a strong educational background, preferably in finance or a related field, with experience in managing operations. The firm offers a competitive salary in a collaborative environment.

Benefits

Annual bonus plan

Full range of health benefits

Retirement plan options

Qualifications

• Detailed understanding of reinsurance data and controls is essential.
• Strong management skills are required to lead processes effectively.
• Proven experience in problem-solving and attention to detail is necessary.

Responsibilities

• Lead a team to manage reinsurance processes effectively.
• Implement and monitor functional metrics for business processes.
• Responsible for client issue prioritization and resolution.

Skills

Detailed understanding of reinsurance data

Ability to manage a team

Strong problem-solving skills

Attention to detail

Proficiency in Microsoft Excel, Access, Word, and PowerPoint

Effective negotiation and collaboration skills

Excellent verbal and written communication skills

Proven understanding of treasury processes

Quick learner of new processes and technology

Education

College or University Degree or equivalent work experience

University degree in computer science, actuarial science, finance, or accounting

FLMI, ACS, or ARA designation from LOMA certifications

Job description

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RGA ready

RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among its

You desire impactful work.

You’re RGA ready

RGA is a purpose-driven organization working to solve today’s challenges through innovation and collaboration. A Fortune 500 Company and listed among its World’s Most Admired Companies , we’re the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

The Manager, Reinsurance Operations is tasked with leading a team of analysts to effectively manage one or more reinsurance processes within the outsourcing team. This role leverages proven subject matter expertise to lead individuals to achieve client and department objectives and is highly accountable for their team's results. This role is highly visible to TAI's clients and business partners, and requires effective leadership and project management skills, with a focus on client service.

Principal Duties

• Accountable for one or more of the following processes Data analysis and issue investigation, Ceded system treaty set-up and changes, Policy investigation and correction, Retention management corrections, Review and clearing of exceptions in the ceded system.
• Responsible for implementing and monitoring functional metrics for various business processes in order to track process effectiveness and service quality.
• Managing and training staff to achieve desired business outcomes.
• Responsible for client issue prioritization, resolution, and communication.
• Leading audit projects for both internal and external auditors.
• Responsible for process and control review, evaluation, improvement, and documentation.
• Performs management reporting and ad hoc requests for clients and reinsurers.
• May assist in the preparation of quarterly or annual statements for clients.

Education

College or University Degree or equivalent work experience - Required

University degree in computer science, actuarial science, finance, or accounting - Preferred

FLMI, ACS, or ARA designation from LOMA certifications - Preferred

Skills And Abilities

Detailed understanding of reinsurance data, processes, and controls including retention management practices, treaty setup, interpretation, and compliance - Required

Ability to manage a team in order to execute numerous business processes to completion, while demonstrating best practices, evidenced controls, and quality outcomes - Required

Ability to manage competing deadlines and multiple client priorities while ensuring quality work is delivered in accordance with established service level agreements and timelines - Required

Independent thinker who thrives in a fast-paced and constantly evolving work environment. Strong problem-solving skills. Attention to detail - Required

Aptitude toward mathematics - Required

Creativity, curiosity and a professional demeanor - Required

Proficiency in Microsoft Excel, Access, Word, and PowerPoint - Required

Effective negotiation and collaboration skills - Required

Excellent verbal and written communication skills - Required

Proven understanding of treasury processes including creation of outgoing wire and ACH payments, monitoring bank accounts for inbound cash, and bank account reconciliations - Required

Proven understanding of accounting processes and controls including journal entry creation for reinsurance premiums and claims, reconciliations of cash, suspense, and other accounts, and preparation of trending reports and analysis - Required

Quick learner of new processes and technology - Required

What you can expect from RGA

Gain valuable knowledge from and experience with diverse, caring colleagues around the world.

Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.

Join the bright and creative minds of RGA, and experience vast, endless career potential.

Compensation Range

97,450.00 - $121,800.00 Annual

Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.

RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Industries

Insurance

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