Senior Group Underwriter, Group Reinsurance

Position Overview

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

Your Role

Client Support

• Responds to client’s requests that are entrusted to him/her with respect to quotes and renewals of group insurance contracts.
• Takes an active role in ensuring retention of all treaties as part of clients quotes and renewals activities. Approves or recommends changes or alternatives to client’s suggestions when needed.
• Conducts underwriting reviews, provides recommendations and comments, prepares audit reports to client’s intent.
• Addresses needs of clients in a timely, proactive and professional manner, advising senior management of any business issues impacting Munich Re and/or the client, makes recommendations and takes action to resolve concerns.
• Draft treaties and amendments.
• Reviews, proposes and approves changes to Group Underwriting guidelines and practices of our clients.

Support of Business Lines

• Prepare quote proposals, provide required analysis and develop recommendations and solutions that maximize growth and profitability.
• Provide Group underwriting expertise in the development and amendment of reinsurance treaties.
• Work on the maintenance of Group pricing basis and services offer for all markets.
• Provide knowledge and support to other team members including actuarial, medical underwriting, claims and senior management, assisting them in managing the client relationships.
• Prepare reports of the operations and activities of the team and business.

Research and Development

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

Your Profile

• University Degree in Actuarial Science, Statistics, Mathematics or Finance.
• 7+ years 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

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. 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 are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world‑class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

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 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 towards Health Spending Account and/or Wellness Spending Account
• Immediate participation in DC Pension Plan with an 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 & Adoption Leave top‑up program
• Employee Referral Program, Recognition & Rewards Platform

Our base salary range for this role is between $101,000 and $130,000 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy.

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

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 which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.

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