Reinsurance Underwriting Analyst

Zurich 56 Company Ltd; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Reinsurance Underwriting Analyst to join their dynamic team. This role offers a unique opportunity to engage in reinsurance account management, working closely with senior leadership to develop strategies that align with business objectives. The ideal candidate will thrive in a collaborative environment, leveraging their analytical skills and relationship management abilities to drive successful reinsurance placements. With a commitment to diversity and employee well-being, this organization provides a supportive culture and a comprehensive benefits package, making it an excellent place to grow your career in the insurance sector.

Benefits

Comprehensive health/benefits plan

Minimum of four weeks vacation

Four personal days per year

Access to training and development opportunities

Qualifications

• 6+ years in the Insurance Industry with strong analytical and negotiation skills.
• Ability to build relationships and work collaboratively across teams.

Responsibilities

• Develop and manage treaty level reinsurance strategies with stakeholders.
• Execute reinsurance agreements and manage data calls for pricing.

Skills

Relationship Management

Strategic Thinking

Communication Skills

Negotiation Skills

Analytical Skills

Education

Bachelor's Degree

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 Zurich Canada.

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

Zurich Canada is currently looking for a Reinsurance Underwriting Analyst 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 -

1. 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.
2. 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.
3. Works closely with Group Reinsurance and Canadian BU Analytics colleagues and utilizes their input and findings in the decision-making process.
4. 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.
5. Actively supports and promotes relationship management with the Zurich Business Units, and where applicable, supports the relationship management of attributed cedents, reinsurers, and/or reinsurance brokers.
6. Captures treaty details in mainframe system and works closely with the Finance team to ensure a smooth clothing process.
7. Supports Treaty Premium Planning & Analysis.

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

At Zurich, 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 Zurich, 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. Zurich 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 Zurich 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

Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada 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, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals’ first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at www.zurichcanada.com.