Analyst, Underwriting - Toronto, Canada - Munich Reinsurance Company of Canada

Munich Reinsurance Company of Canada

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Analyst, Underwriting

Company
Munich Reinsurance Company of Canada

Location
Toronto, Canada

Underwriting Analyst

We care for humankind - and that starts with our people
Our greatest strength lies not in what we do - but how we do it. It's the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success.

Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential.

That's why a career at Munich Re is much more than just a job. It's an invitation to be your very best and make a positive impact on the world.

Overview

Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.

We're looking for our next Underwriting Analyst. Could It Be You?

You have your Post-secondary education as well as your Chartered Insurance Professional (CIP) designation or progression towards the designation is an asset.

In addition, you ideally have some finance or insurance experience or alternatively, have strong MS Office skills, particularly working with large data sets in Excel.

Your primary responsibility will be to perform a variety of technical, administrative, and accounting duties necessary for the efficient operation of MR F&C in Canada.

Need more details? Keep reading

You will assist underwriters in preparing and organizing data for entry into single risk pricing tools for rating purposes.
You will clear, review and enter new business endorsements and renewals for the underwriters within the established standards.
You will review the underwriter's and peers' system entries to ensure accuracy of the information (four eye principle). Discrepancies are to be brought to the appropriate parties attention for correction.
You will be responsible for issuing various insurance documents including FAC certificates and insurance policies for underwriters to sign.
You will correspond with clients for account information and follow up for missing information.
You will generate status reports as required.
You will submit billing and payment information to accounting unit for client invoicing, reconcile billing and payment discrepancies to support the accounting unit; you will also file policy correspondence on a daily basis into the Electronic Filing System.
You will be responsible for analyzing data sets for the purpose of evaluating new and existing business submissions.
You will engage with MR F&C underwriters and leadership team
You have the ability to suggest process improvements to drive efficiency for underwriting group, and provide coaching and training to peers as needed
You may participate in global or local projects as assigned
You may be required to travel nationally and internationally, up to 5%

So are YOU our next Underwriting Analyst? You are if

You have a college/university degree with emphasis in insurance, business or accounting preferred.
You ideally have two years of prior insurance or finance experience, as well of knowledge of and experience with relevant legislation and regulation; ideally your background features an emphasis on regulatory, re/insurance, corporate, or transactional experience.
You have good communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy.
You have exceptional computer skills including Microsoft Office, particularly, strong Excel skillset specifically working with large data sets.
You have exceptional analytical and investigative competencies as well as a high degree of drive, selfmotivation, continuing development and proven ability to work independently.
You have the ability to work on a small team and build strong relationships with your colleagues.
You have a high degree of flexibility and adaptability to changing environment with an ability to work independently and function well under pressure
You have demonstrated fluency in English; fluency in French (oral and written) is an asset.
Working knowledge of primary and/or reinsurance underwriting process and coverage is preferred.
Working knowledge of pricing models, insurance policies and reinsurance contracts for property/casualty is preferred.

In addition to an exciting job opportunity, we offer the following

You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.
A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
A hybrid work environment in a