Senior Reinsurance Analyst

Department : Global Reinsurance

Global Reinsurance

Location : Toronto

Toronto

Reports To :

VP, Global Reinsurance

Company Overview :

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and / or multinational risks.

Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering.

We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect.

Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.

If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer :

• A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance
• Competitive health & dental benefits plan
• Market-leading pension plan
• Competitive time off policy
• External education & tuition reimbursement programs
• Employee & Family Assistance Programs
• An opportunity to get involved and become a member of one of our national employee committees social responsibility, employee engagement, diversity, equity & inclusion

The Opportunity :

Reporting to VP Reinsurance, this role will be responsible for ensuring reinsurance operations are reported in an accurate and timely manner.

Duties and Responsibilities :

• Maintain oversight and review work produced by outsourced teams, such as EXL.
• Lead the quarterly reporting for Schedule F reporting and other Reinsurance reporting.
• Oversee work allocated to junior staff, and provide assistance with training and managing workload.
• Lead regularly scheduled meetings with key brokers / reinsurers to resolve open items / escalate as needed.
• Ensure all treaties, quota share and XOL treaties are appropriately settled with the markets and internal reinsurance teams on a timely basis.
• Analyze and validate reinsurance files and corresponding premium and claims payments.
• Process and provide accurate and timely information to internal and external stakeholders.
• Oversee the reporting of reinsurance accounts, including liaising with underwriters and external parties to ensure accounts are reported and settled on time.
• Compute and effectively communicate reinsurance recoveries related to large losses (per Canadian reinsurance programs).
• Liaise with reinsurance intermediaries and Global Reinsurance on other administrative matters as required.
• Assist with sending out broker statements monthly, reconcile broker statements with our records, and follow up on outstanding items with brokers.
• Actively seek enhancements and make recommendations for new processes to improve efficiencies or rectify inaccuracies or information gaps.
• Organize and lead on reinsurance workflows including organizing and leading meetings on any exceptions.
• Perform ad hoc tasks as requested.

Skills & Qualifications :

• At least 2-3 years of financial industry experience ideally in insurance in the P&C area with exposure to reinsurance concepts.
• Knowledge of SOX key controls and reinsurance processes.
• Ability to work with large volumes of data to derive business solutions.
• High proficiency in the use of MS Excel, MS Access, SAP, and Essbase.
• Broad knowledge of reinsurance concepts, products and processes an asset.
• Experience working with automated accounting and reporting systems.
• Ability to identify and solve problems based on analysis (start to finish concept).
• Proven superior communication, presentation and customer service skills.
• Excellent attention to detail.
• Strong business and interpersonal communication skills (written and oral).
• Outstanding inter-personal and team leadership skills with emphasis on employee motivation.
• Excellent analytical, problems solving and technical accounting skills.

Liberty Mutual Canada is committed to fostering an inclusive, accessible environment where all employees feel valued and supported.

We are committed to building a workforce that is representative of the communities we operate in and serve. If you require an accommodation for the recruitment / interview process due to a disability (which may be invisible or visible, temporary or permanent), please let us know and we will work with you to meet your needs.