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About the Role

The Wording Specialist plays a critical role in shaping the risk profile of MROC’s reinsurance treaty portfolio. This position partners closely with Underwriting, Claims and Legal to structure, negotiate and govern complex treaty wordings across all Lines of Business.

Responsibilities

• Provide consulting, training, research, and transactional contract wording drafting, reviewing, research and template development services for MROC across all lines of reinsurance business
• Review reinsurance placement slips and contracts for a variety of contract types and lines of business (including, but not limited to): property, casualty, professional lines, cyber and surety
• Negotiate reinsurance terms and conditions directly with clients, through brokers and in cooperation with Underwriting and Client Management teams
• Conduct primary insurance policy reviews and support internal contract audits, provide sound recommendations to ensure business is underwritten in compliance with Munich Re guidelines and policies
• Develop and implement contract reviewing guidelines
• Advise the underwriting teams and senior management of legal/regulatory developments and emerging contract wording topics
• Conduct internal and external seminar presentations on relevant legal and emerging trending risks
• Train underwriters on relevant legal topics and guidelines, and actively contributes as a member of Munich Re’s Wording Expert Community
• Ensure efficient coordination with internal stakeholders within MROC and the Munich Re Group
• Influence and ensure high-quality contract wordings within the business area by leveraging Munich Re's wording governance tools, including future Al-augmented applications

Requirements

• University Degree in business, risk management, law or a relevant discipline
• 5+ years of reinsurance/insurance experience with demonstrated expertise in contract or insurance wordings.
• Familiarity with insurance contracts and wordings in the Canadian marketplace
• Excellent communication (written and verbal), interpersonal and networking skills for all levels of the organization
• Well-developed analytical skills, highly motivated
• Builds relationships with internal and external clients in support of business objectives
• Proficient computer skills, specifically Microsoft Office products and aptitude for new computer systems
• Pursuing CIP/FCIP designation is an asset
• Fluency in French is an asset

Skills

• Communication
• Attention to detail
• Technical skills
• Business acumen
• Interpersonal skills
• Influencing skills
• Contract wording drafting
• Contract reviewing
• Contract template development
• Reinsurance placement slip review
• Reinsurance contract review
• Negotiation
• Primary insurance policy review
• Internal contract audit support
• Legal/regulatory development advising
• Emerging contract wording topic advising
• Seminar presentation
• Underwriter training
• Wording governance tools
• AI-augmented applications

Location

• Toronto

Work Type

• Hybrid

Experience Level

• 5+ years

Education Level

• University Degree

Salary/Compensations

• $122,485 - $158,510

Benefits

• Challenging projects and development opportunities
• Local and global colleague and partner interaction
• Comprehensive total rewards financial program
• Extensive flexible benefits
• Pension
• Educational Assistance Programs

About the Company

• Munich Re Canada 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.

Equal Opportunity

• 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.