Senior Contracts & Ceded Reinsurance Lead

Next Insurance, Inc.; Toronto; Hybrid; CAD 143,000 - 166,000; Full time

Benefits offered by this job

Hybrid work environment

Annual company bonus

Health and dental benefits

Wellness program

Job summary

HSB Canada, part of Munich Re, seeks a Manager, Contracts and Ceded Reinsurance to lead the full lifecycle of reinsurance contracts. You will negotiate terms, ensure regulatory compliance, and partner with internal teams to support product development and partnerships.

You will drive process improvements, manage risk, and collaborate with legal and finance to mitigate exposure in a fast-paced environment. Hybrid work in Toronto is offered.

Qualifications

• Post-secondary education in law, business, insurance or related field; legal background preferred.
• 7-10+ years in (re)insurance contract management, underwriting or legal/compliance.
• Experience drafting/negotiating assumed or ceded reinsurance and broker/MGA contracts.
• CIP/FCIP designation considered an asset.
• Strong knowledge of Canadian insurance regulations and reinsurance practices.
• Proven negotiation, drafting, and contract interpretation skills.
• Excellent written and verbal communication for executive/non-legal audiences.
• Ability to manage competing priorities in a fast-paced environment.
• Strong analytical and problem-solving skills with detail orientation.
• Knowledge of insurance and reinsurance coverages.
• Proficient in Word and Excel; familiarity with internal systems is a plus.
• Bilingual in English and French preferred but not mandatory.

Responsibilities

• Oversee end-to-end lifecycle management of direct, assumed, and ceded reinsurance contracts and related documents.
• Draft, review, execute, and renew contract terms in line with standards and regulatory requirements.
• Maintain a repository of contracts with milestones, expirations, and renewals.
• Lead negotiations as contract representative with executives, partners, clients, and reinsurers.
• Balance client/partner requests with corporate strategy and risk appetite.
• Ensure contracts comply with Canadian regulatory requirements and internal standards.
• Identify contractual risks and work with legal/compliance/finance to mitigate exposure.
• Monitor regulatory developments and update templates and processes accordingly.
• Develop and maintain a continuous improvement plan to boost efficiency and turnaround times.
• Champion digital/process innovations to improve workflows and client experience.
• Provide legal/compliance support for new product development, review of forms/guidelines/materials.
• Support review/negotiation of partnerships and distribution agreements.
• Collaborate with business units on new initiatives from a contract/compliance perspective.
• Participate in cross-functional projects with SME on contract structure and risk.

Skills

Negotiation skills

Drafting contracts

Contract interpretation

Regulatory knowledge

Analytical thinking

Problem solving

Communication (written)

Communication (verbal)

Prioritization

Bilingual English/French

MS Word

MS Excel

Education

Post-secondary education in law, business, insurance

Tools

Microsoft Word

Microsoft Excel

Job description

HSB Canada, part of Munich Re, seeks a Manager, Contracts and Ceded Reinsurance to lead the full lifecycle of reinsurance contracts. You will negotiate terms, ensure regulatory compliance, and partner with internal teams to support product development and partnerships.

You will drive process improvements, manage risk, and collaborate with legal and finance to mitigate exposure in a fast-paced environment. Hybrid work in Toronto is offered.