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About the Role

Provides leadership, vision, and direction for the finance function of Munich Re Canada Life Branch, overseeing capital planning, financial position, and treasury management. This executive role contributes to the overall strategy and success of Munich Re Canada (Life) at an executive level.

Responsibilities

• Partners with industry associations and develops strong relationships with industry experts, regulators, and working groups.
• Briefs senior management on key industry trends and future influences.
• Represents Munich Re at external associations, industry functions, working groups, and authorities to raise the profile of MLMC.
• Represents MLMC on financial topics globally within the Munich Re Group.
• Serves on Boards of Directors, committees, and other corporate governance roles as required.
• Oversees the Appointed Actuary of the Branch.
• Responsible for all regulatory functions related to external authorities (OSFI, FSCO, AMF) including the Branch’s Regulatory Capital Plan.
• Manages the preparation of all local regulatory required reports and documents for submission.
• Communicates capital needs with Home Office and manages the overall financial position, including asset and liability strategy and treasury/liquidity management.
• Leads discussions concerning accounting, financial reporting, treasury, and taxation matters.
• Establishes and maintains effective Financial Reporting and Valuation teams.
• Oversees the management of a successful Finance and Accounting team.
• Ensures the delivery of information and reports required by Home Office for the reinsurance division.
• Spearheads all activities related to any Group-wide finance and regulatory projects for the Branch.
• Consults and supports business line Executives in the preparation of quote-proposals and treaty negotiations.
• Oversees the investment manager (MEAG NY).
• Advises and supports business line managers on pricing assumptions, unusual arrangements, and implications on tax, foreign jurisdiction, and capital position ratios.
• Oversees the sound management of all regulatory and home office compliance functions.
• Ensures close coordination with U.S. Life counterparts to realize North American synergies and deliverables.
• Oversees the execution of the procurement function for Canadian Munich Re entities.
• Manages government international and domestic tax audits.
• Manages all tax legal matters to resolution.
• Develops relationships and partnerships with stakeholders within Munich Re to manage the delivery of tax and other project services.
• Coordinates the development of the Business Plan according to the annual planning process requirements of Home Office.
• Ensures alignment of business strategy amongst all lines of business.
• Provides regular updates to Home Office on the development of MLMC strategic initiatives.
• Collaborates with client-facing teams on financially-motivated reinsurance business development.
• Participates actively in the development and implementation of strategic and growth initiatives.
• Supports all innovation activities by providing financial reporting and corporate oversight.
• Supports related corporate finance activities, e.g., capital planning or M&A.
• Establishes controlling processes for non-insurance activities.
• Fulfills board mandates as needed.
• Creates an environment of teamwork, collaboration, and excellence by instilling company values.
• Hires, develops, and retains a top talent team.
• Fosters a culture of feedback with timely feedback given to employees and other Munich Re team members.
• Engages in regular development discussions with employees to coach on career growth and development.
• Ensures all employees have a clear understanding of corporate, departmental, and individual priorities.

Requirements

• Minimum of 5 years’ experience as Senior Financial Executive.
• Proven ability to create, develop, and implement creative financial management strategies.
• Solid experience coordinating audit activities and managing reporting, budget development, and analysis.
• Demonstrated leadership, Executive presence, and team management skills.
• Experience representing company interests to government agencies, funding agencies, and/or the general public.
• Proven history of creating, growing, and sustaining a strong productive team.
• Excellent analytical and abstract reasoning skills.
• Excellent organization skills.
• Keen strategic thinking, business acumen, and problem-solving skills.
• Strong communication, interpersonal, and influencing skills across all levels of the organization.

Skills

• FSA designation
• Professional Accounting designation (optional)
• Financial management strategies
• Audit coordination
• Reporting
• Budget development
• Analysis
• Leadership
• Executive presence
• Team management
• Representing company interests
• Analytical skills
• Abstract reasoning
• Organization skills
• Strategic thinking
• Business acumen
• Problem solving
• Communication skills
• Interpersonal skills
• Influencing skills

Location

• Toronto, Canada

Work Type

• Hybrid

Experience Level

• Senior Financial Executive

Education Level

• FSA designation
• Professional Accounting designation (optional)

Salary/Compensations

• Annual company bonus

Benefits

• Engaging and collaborative environment that promotes continuous learning and development
• Hybrid work environment
• 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 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

About the Company

• 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.

Equal Opportunity

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