Senior Group Underwriter, Group Reinsurance

Munich Re; Montreal (administrative region); Hybrid; CAD 90,000 - 140,000; Full time

Benefits offered by this job

Hybrid work environment

Annual company bonus

Health and dental benefits

Pension plan

Learning and development programs

Paid time off

Job summary

Munich Re in Montreal seeks a senior actuarial professional to lead group underwriting initiatives, advise on client quotes/renewals, and drive profitability in the Canadian market.

You will collaborate with actuarial, medical underwriting, claims and senior management to manage client relationships, develop tools, and support new product development and distribution strategies.

Qualifications

• University degree in actuarial science, statistics, mathematics or finance.
• 7+ years of Canadian and/or group life and health (re)insurance experience.
• Fluency in English; French is an asset.
• Strong analytical and business acumen with a proactive approach.

Responsibilities

• Responds to client requests for quotes and renewals of group insurance contracts.
• Retains treaties as part of client quotes and renewals; advises on changes.
• Conducts underwriting reviews and prepares audit reports.
• Addresses client needs in a timely and professional manner, advising senior management of issues.
• Drafts treaties and amendments.
• Reviews changes to Group Underwriting guidelines and practices.

Skills

Actuarial analysis

Group underwriting

Analytics

Project management

Communication

Problem solving

Stakeholder management

Education

Actuarial/Statistics/Mathematics/Finance degree

Job description

The Group Reinsurance Solutions Team is responsible for developing creative, custom‑tailored reinsurance solutions for Group benefits in the Canadian and Caribbean Markets and collaborating with our clients to help manage profitably and grow their business.

Your Role

Client Support

• Responds to client requests related to quotes and renewals of group insurance contracts.
• Takes an active role in ensuring retention of all treaties as part of client quotes and renewals. Approves or recommends changes or alternatives to client suggestions when needed.
• Conducts underwriting reviews, provides recommendations and comments, prepares audit reports.
• Addresses client needs in a timely, proactive and professional manner, advising senior management of any business issues impacting Munich Re and/or the client, making recommendations and taking action to resolve concerns.
• Drafts treaties and amendments.
• Reviews, proposes and approves changes to Group Underwriting guidelines and practices of clients.

Support of Business Lines

• Prepares quote proposals, provides required analysis, and develops recommendations and solutions that maximize growth and profitability.
• Provides Group underwriting expertise in the development and amendment of reinsurance treaties.
• Works on the maintenance of Group pricing basis and service offers for all markets.
• Provides knowledge and support to other team members including actuarial staff, medical underwriting, claims and senior management, assisting them in managing client relationships.
• Prepares reports on operations and activities of the team and business.

Research and Development

• Acquires and maintains advanced knowledge of product and market trends, current industry issues, relevant legislation changes and underwriting best practices.
• Develops and maintains Group underwriting tools and methodologies, manuals, guidelines, market databases and comparative reports.
• Supports research, development and implementation of new products, benefits, features and distribution strategies.
• Maintains a high profile within the underwriting community and develops a network of contacts to gain market intelligence, promote the company’s expertise and influence industry practices and procedures.

Your Profile

• University Degree in Actuarial Science, Statistics, Mathematics or Finance.
• 7+ years of in‑depth knowledge and experience in the Canadian and/or Group Life and Health (re)insurance industry.
• Fluency in English required; French is an asset.
• Strong analytical, problem‑solving and business acumen with a proactive, goal‑oriented approach.
• Excellent communication and presentation skills, both written and verbal, with the ability to build and maintain effective relationships.
• Highly organized with superior attention to detail; able to manage multiple projects and priorities in a fast‑paced, performance‑driven environment.
• Decisive and confident in making tough decisions while fostering collaboration and challenging appropriately.
• Demonstrated ability to work under tight deadlines and deliver accurate, high‑quality results.

About Munich Re

Munich Re is the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and continuously innovate on behalf of our clients.

What Can We Offer You?

• An engaging and collaborative environment that promotes continuous learning and development.
• A hybrid work environment that combines weekly in‑office and remote days with meeting‑free lunch hours and focus Friday afternoons.
• A great compensation package including an annual company bonus.
• Market‑leading, company‑paid flexible health and dental benefits, starting on your first day.
• Flexible dollars provided by the company to put toward Health Spending Account and/or Wellness Spending Account.
• Immediate participation in DC Pension Plan with automatic 5% employer contribution, plus optional company match.
• Generous time off, including vacation, personal days, unplanned time, statutory holidays and company‑wide early closure half‑days.
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, education assistance program and reimbursement for professional fees.
• Maternity, parental and adoption leave top‑up program.
• Employee referral program, recognition and rewards platform.

Munich Re is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability that will require an accommodation to support your participation, please contact [e-mail] as soon as practical so that suitable accommodations can be arranged.