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About the Role
We are hiring a Business Analyst & Treaty Underwriter in Toronto who will be responsible for the underwriting of Treaty business for the market for which Munich Reinsurance Company of Canada (MROC) is mandated. The colleague is also responsible for providing pricing and modeling support to the property underwriting team and will also support the functioning and improvements between business and IT for all business partners at MRoC. This includes developing and implementing new systems processes and/or interfaces.
Responsibilities
- Underwrites Treaty business in accordance with MROC's and Group-wide guidelines and philosophy and within the limits authorized by the Head of Department.
- Evaluates submissions, reviews treaty contracts, assesses and prices business and performs all necessary underwriting functions in order to recommend acceptance or declination and / or offer alternative terms and conditions on treaties offered to MROC.
- Provide pricing, cat modelling and other analysis to support the treaty business.
- Develop expertise on Company pricing tools, including the development and maintenance of local tools as required.
- Refers all accounts outside of the deemed level of authority and/or expertise of underwriting for approval to the Head of Department.
- Negotiates and participates in negotiations within the company and with clients, in conjunction with Client Management.
- Ensures that fast and efficient service is provided to our clients.
- Special project assignments as required.
- Proactively identify and recommend business process improvements and where appropriate, assist the business in applying analytics insights in order to improve business decision making and portfolio steering processes.
- Develop tools (eg. Power BI) to extract useful information to support business units and develop data dashboards with visualization capabilities.
- Assist units in developing reporting and KPI monitoring to help manage the business.
- Develop and maintain process, systems and data flow landscape documentation.
- Coordination of data systems and workflows in collaboration with Shared Services.
- Coordination of data systems and workflows with all business units’ IT platforms.
- Further development of systems and workflows in close cooperation with the business.
Requirements
- A Bachelors’ Degree in computer science, business administration or equivalent.
- Up to 3 years of business analyst experience.
- Experience with primary and reinsurance P&C organizations.
Skills
- Strong analytical and problem solving skills.
- Excellent oral and written communication skills.
- Strong computer ability and working knowledge of Microsoft Office and Power BI.
- Knowledge of programming languages preferred (SQL, Python, R or equivalent)
- Self-motivated, organized with strong commitment to meeting deadlines and superior attention to detail.
- Ability to work independently and in a team environment.
- Business and general insurance acumen.
- Adaptability and flexibility.
- Strong IT knowledge.
- Strong communicator and collaborator.
- French/German language skills an asset.
Location
- Toronto
Work Type
- Hybrid
Experience Level
- Up to 3 years of business analyst experience
Education Level
- Bachelors’ Degree in computer science, business administration or equivalent
Salary/Compensations
- $70,000 and $80,000 per year
Benefits
- Exposure to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners are available.
- A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
- Educational Assistance Programs that continue to recognize your on-going success.
- Opportunity for an annual company bonus based upon a percentage of eligible pay.
About the Company
- We care for humankind – and that starts with our people
- Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success. Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.
Equal Opportunity
- Munich Re/Temple Insurance 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.