Reinsurance Underwriting Analyst

Syntricate Technologies; Toronto; Hybrid; CAD 80,000 - 115,000; Full time

Job summary

A leading global insurance provider in Toronto is seeking a Reinsurance Underwriting Analyst to manage reinsurance account responsibilities and develop strategies. The ideal candidate will have over 6 years of experience in the insurance industry and strong communication skills. This full-time position offers a salary range of $80,000 to $115,000 annually and includes a hybrid work model.

Benefits

Comprehensive health/benefits plan

Four weeks of vacation per year

Four personal days per year

Access to training and development opportunities

Qualifications

• 6+ years of experience in the Insurance Industry.
• Experience in reinsurance is preferred.
• Strong analytical skillset.

Responsibilities

• Develop and align treaty level reinsurance strategies.
• Manage the execution of reinsurance agreements.
• Collect and validate exposure information from Business Units.

Skills

Strong communication skills

Strategic thinking capabilities

Proficiency in influencing and negotiation

Ability to build strong business partner relationships

Education

Bachelor's degree

Tools

Advanced knowledge of reinsurance contracts

Job description

The Opportunity

Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than our company.

If you have experience in Accounting, Underwriting or Reinsurance and are looking for a new challenge, we would love to hear from you.

Our company is currently looking for a Reinsurance Underwriting Analyst in our Toronto office to execute reinsurance account management - related responsibilities in the preparation, conclusion, documentation, and administration of traditional reinsurance agreements with internal and external parties. We are looking for a strong candidate looking to develop in the area of reinsurance and embrace an environment of continuous learning, new challenges, and daily balance of detailed work and high-level strategy and relationship responsibilities.

Reporting to the VP Reinsurance Management NA, you will be working on developing and leading many aspects of the Reinsurance Strategy development and execution. This includes developing and managing relationships with the Business Units and working closely to build and execute reinsurance placements that meet the needs of the businesses.

This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters.

This is a hybrid role.

What you will do

• Working closely with the VP Reinsurance Management, 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 plan in Canada. This includes treaty structural optimization and scope of cover.
• Helping to drive the execution of reinsurance agreements, which includes managing a data call process, communicating, and negotiating with reinsurance partners, contract development, execution, and documentation of reinsurance agreements.
• Works closely with Group Reinsurance and Canadian BU Analytics colleagues and utilizes their input and findings in the decision-making process.
• Collect and validate exposure and experience information from Business Units. Release data calls, perform quality control, and analysis of data received including aggregation of information for submission. Ensure data is suitable for external and internal treaty pricing purposes.
• Actively supports and promotes relationship management with the Business Units, and where applicable, supports the relationship management of attributed cedents, reinsurers, and/or reinsurance brokers.
• Captures treaty details in mainframe system and works closely with the Finance team to ensure a smooth clothing process.
• Supports Treaty Premium Planning & Analysis
• Oversees treaty contract compliance.

Job Qualifications - What you bring to the table:

• Ability to build strong business partner relationships.
• Experience working across business units/functions and collaboration in a team environment.
• 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 (this can be developed over time)

Required:

• Bachelor’s degree and 6 or more years of experience in the Insurance Industry area

Preferred:

• Reinsurance experience
• CPCU or other insurance designation
• Strong analytics skillset (financial, modeling, etc. Ability and willingness to develop over time)
• Advanced knowledge of reinsurance contracts
• Negotiation and business partnering experience

Our Culture

We are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DEIB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DEIB initiatives are creating an environment where everyone feels welcome.

• We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.
• We care about our employees’ well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package.
• We understand how important it is to rest; recharge and do the things you love. At our company, all employees receive a minimum of four weeks of vacation per year to do just that.
• We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Our company employees receive four personal days per year to be used at their discretion.
• We are committed to continuous improvement and offer access to a comprehensive range of training and development opportunities.
• We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society the company makes through our core business of insurance, we must also give back to our communities through our talent, time and resources.
• We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto’s Top Employers and to have received Insurance Business Canada’s 5-Star Diversity, Equity and Inclusion Award.

Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.

About Us

Our company is part of the Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Our company has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 500 employees in offices across the country, Our company offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Our company aspires to be risk management professionals’ first choice as their premier partner to help meet the risk challenges of today and tomorrow.

Security Clearance Required: No

Visa Candidate Considered: No

Candidate Details

Seniority Level - Mid-Senior

Management Experience Required - No

Minimum Education - Bachelor\'s Degree

Willingness to Travel - Occasionally

Ideal Candidate

We are seeking a high-potential, energetic individual for a Reinsurance Underwriting Analyst role. The ideal candidate excels in at least one core area—either underwriting or reinsurance—and demonstrates a strong willingness and ability to quickly learn new skills. Candidates should have a solid track record in insurance or reinsurance, with preference for those who have experience in multiple reinsurance roles or a deep understanding of the business.

Key qualities include:

• Strong communication skills and confidence in presenting ideas
• Demonstrated expertise in underwriting, reinsurance, or both
• Proactive, eager to take on new challenges, and quick to adapt
• Willingness to learn and develop areas outside their main expertise
• Energetic, positive attitude; a “rising star” with ambition and initiative

A candidate who is either highly skilled in one area or a talented generalist, and who can clearly articulate their experience in reinsurance and/or underwriting, will be an excellent fit.

Job Type: Full-time

Pay: $80,000.00-$115,000.00 per year