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About the Role

As an Underwriting Analyst, you will perform technical, administrative, and accounting duties essential for the efficient operation of MR F&C in Canada. This role involves collaborating with internal, external, and global stakeholders, utilizing strong analytical and investigative skills, and applying excellent communication and business acumen.

Responsibilities

• Assist underwriters in preparing and organizing data for single risk pricing tools.
• Clear, review, and enter new business, endorsements, and renewals within established standards.
• Set up electronic folders for submissions, new and renewal business, and endorsements.
• Clear incoming mail/emails in the underwriting system and match them to appropriate files.
• Request and follow up on missing information.
• Review underwriter and peer system entries for accuracy (four-eye principle) and report discrepancies.
• Issue various insurance documents, including FAC certificates and insurance policies.
• Generate status reports as required.
• Prepare renewals and produce client correspondence via email.
• Submit billing and payment information to accounting for client invoicing.
• Reconcile billing and payment discrepancies to support the accounting unit.
• File policy correspondence daily into the Electronic Filing System.
• Analyze data sets to evaluate new and existing business submissions.
• Engage with MR F&C underwriters and leadership team.
• Suggest process improvements to enhance underwriting group efficiency.
• Provide coaching and training to peers as needed.
• Participate in global or local projects as assigned.

Requirements

• Post-secondary education.
• Chartered Insurance Professional (CIP) designation or progression towards it is an asset.
• Some insurance or finance experience is ideal.
• Strong MS Office skills, particularly with large data sets in Excel.
• College/university degree with emphasis in insurance, business, or accounting preferred.
• Two years of prior insurance or finance experience is ideal.
• Knowledge of and experience with relevant legislation and regulation.
• Background with emphasis on regulatory, re/insurance, corporate, or transactional experience is ideal.
• Excellent interpersonal, communication, organizational, and time management skills.
• Demonstrated attention to detail and an eye for accuracy.
• Exceptional computer skills including Microsoft Office, particularly a strong Excel skillset for large data sets.
• Exceptional analytical and investigative competencies.
• High degree of drive, self-motivation, continuing development, and proven ability to work independently.
• Ability to work on a small team, collaboratively, and build strong relationships.
• High degree of flexibility and adaptability to changing environments.
• Ability to work independently and function well under pressure.
• 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.

Skills

• MS Office
• Excel (large data sets)
• Interpersonal skills
• Communication skills
• Organizational skills
• Time management skills
• Attention to detail
• Analytical competencies
• Investigative competencies
• Teamwork
• Relationship building
• Flexibility
• Adaptability
• Working independently
• Working under pressure
• English fluency
• French fluency (asset)
• Primary underwriting process knowledge (preferred)
• Reinsurance underwriting process knowledge (preferred)
• Pricing models knowledge (preferred)
• Insurance policies knowledge (preferred)
• Reinsurance contracts knowledge (preferred)

Location

• Toronto, ON

Work Type

• Hybrid

Experience Level

• 2 years of prior insurance or finance experience ideal

Education Level

• Post-secondary education
• College/university degree
• Chartered Insurance Professional (CIP) designation or progression towards it

Salary/Compensations

• $55,000 - $71,000 per year
• Opportunity for an annual company bonus based upon a percentage of eligible pay

Benefits

• Challenging projects and development opportunities
• Comprehensive total rewards financial program
• Extensive flexible benefits
• Pension
• Educational Assistance Programs

About the Company

• Munich Re Canada cares for humankind, starting with its people.
• The company's greatest strength is its people, who make Munich Re a global success.
• Working at Munich Re provides opportunities to develop full potential.
• A career at Munich Re is more than a job; it's an invitation to be your best and make a positive impact.

Equal Opportunity

• Munich Re Canada is committed to providing an inclusive work environment free of employment barriers and discrimination.
• Accommodations will be made for qualified applicants with a disability throughout the recruitment process.
• Contact AODARequestHR@munichre.ca for accommodation requests.