Senior Analyst Reinsurance

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

Job description

Reporting to the Manager, Reinsurance, this Senior Analyst, Reinsurance Placement position is a key member of the reinsurance team. This position provides an opportunity to play an important role in the placement of the reinsurance programs that support our corporate strategy, as well as to work collaboratively across different teams including personal, commercial, claims, actuarial, finance and external reinsurance brokers and reinsurers.

What can you expect in this role?

• Support the annual end-to-end reinsurance placement including preparation of underwriting submissions, presentation materials, and reinsurance / reinsurer strategies
• Develop marketing and background materials for reinsurer engagements 
• Analyze and reconcile data compared to prior submissions and review and analyze wording changes with legal and reinsurance teams
• Support post-renewal workflow including maintenance of reinsurance placement data / documents
• Assist in the quarterly reinsurance forecast as part of corporate business plan process
• Lead the delivery of reinsurance analysis including P&L performance, counterparty monitoring, catastrophes and large losses, and other ad hoc analysis
• Support the reinsurance accounting and finance team on month end activities, as required
• Create strong links with various internal and external business units in order to deliver on responsibilities
• Deep dive into processes to continually identify improvements and efficiencies to improve productivity
• Self-review work performed for reasonability, accuracy and completeness and act as a mentor to other individuals on the team

 What do you bring to the role?

• University or college degree in business, finance, or related program
• An accounting, actuarial, or insurance designation, or working towards such a designation
• 3+ years’ experience in financial and analytical roles in the insurance and / or reinsurance industry including insurers, brokers, and / or reinsurers
• Strong working knowledge of Microsoft Excel, PowerPoint, and Word
• Excellent attention to detail and refined analytical skills
• Effective written and verbal communication skills and ability to interact with all levels of the organization
• Strong work ethic and commitment to operational excellence
• Flexibility to deal with time sensitive ad hoc requests as they arise
• Professional, friendly and courteous in all interactions, whether with external parties or co-workers

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Salary range: $55,800 - $102,800

Interested in this role, but don't meet every requirement? We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help us make insurance better. At Definity, inclusion, diversity, and equity aren't just "nice to have" — they're essential to our success.

What's in it for you?

• Hybrid work schedule for most roles
• Company share ownership program
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.  In addition to base pay, eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.

Go ahead and expect a lot — you deserve it.
It's better here — but don't take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by contacting [email protected].

Background checks
This role requires successful clearance of background checks (including criminal checks and leadership references).

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