Specialist, Property Treaty

3 months ago


Toronto, Canada Munich Re Full time
Specialist, Property Treaty

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 with us is much more than just a job. It's an invitation to be your very best and make a positive impact on the world.

Overview
Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment? As someone with excellent communication, technical and organizational skills, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.

We're looking for our next Specialist, Property Treaty. Could It Be You?
Munich Reinsurance Company of Canada is looking for a dynamic and business-oriented Specialist, Property Treaty. You will be supporting the property reinsurance portfolio and providing high-quality analysis and recommendations, consistent with the Munich Re risk appetite and guidelines. This position reports directly to the VP of the Property Treaty Department.

Need more details? Keep reading...

Underwriting
• Underwrites Property Treaty business in accordance with MROC's and Group-wide guidelines and appetite.
• 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.
• Stay current with all applicable UW guidelines.
• Contributes proactively to the MROC Client Teams in negotiations with cedents and brokers, identifying and developing strategies for existing clients as well as new prospects.
• Maintains contact with the industry in general by attending industry functions on a regular basis. Promotes MROC products, services and facilities and builds business relationships with cedents and provides information and advice to cedents on matters within his/her competence.
• Monitors market conditions and the activities of MROC's existing and potential cedents and reinsurance competitors and reports to Management as needed.
Actuarial & Technical Pricing
• Prepares and models property Nat-Cat data with the models used at Munich Re including RMS Risk Link as well as in-house modeling software.
• Prepares treaty reinsurance pricing independently, including assessing and discussing modeling results internally and externally.
• Contributes to the development of pricing assumptions and strategies which includes update of pricing model parameters, market analysis and other strategic projects.
• Develops or enhances concepts, methods and tools to quantify and monitor accumulation of nat-cat risks across the property treaty portfolio.
• Evaluates and calibrates internal or external catastrophe models for pricing and risk management processes.
• Leads and/or supports portfolio reviews including accumulation of risk and profitability analyses.
• Cooperates closely with various internal departments in order to develop key business insights as well as the presentation and communication of business insights to internal stakeholders.
Specialized Knowledge and Skills
• Excellent working knowledge of MS Excel, PowerPoint, Access, VBA, Power BI.
• Experience with relevant modeling software such as RMS RiskLink.
• Programing knowledge (languages such as: R and SQL), and experience with data cubes considered an asset.
• Capable of carrying out actuarial analysis with minimal supervision and be self-driven to deliver business insights.
• Strong analytical skills and attention to detail.
• Excellent interpersonal skills and proven ability to work independently and as part of a team.
• Well-developed verbal and written communication skills with ability to communicate at the right level of complexity for the audience.

So are YOU our next Specialist, Property Treaty? You are if...
First and foremost, you demonstrate a natural desire to provide exceptional client service through their energy, enthusiasm, and initiative.

In addition, we are looking for the following qualifications:
• University Degree in a relevant discipline (mathematics, statistics, natural sciences or actuarial science)
• Experience and expertise in underwriting or practical experience with cat modelling software (RMS, AIR)
• Excellent analytical and conceptual skills with a working knowledge of SQL; programming skills would be beneficial
• 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
• Excellent communication and interpersonal skills as well as analytical, organizational and negotiation skills
• Ideally a minimum of 10 years of reinsurance/insurance experience
• Fluency in French is an asset

In addition to an exciting job opportunity, we offer the following...
• You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.
• A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
• A hybrid work environment in an inspiring physical workplace setting.
• Educational Assistance Programs that continue to recognize your on-going success.

Click on the link to apply...

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.

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