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Underwriting Co-op, Property

4 months ago

Toronto, Canada Munich Re Full time

**Underwriting Co-op, Property & Casualty (2023 Summer - Toronto, 4 months)**:
**POSITION**: Underwriting Co-op, Property & Casualty (2023 Summer - Toronto, 4 months)

**LOCATION**: Toronto, ON

**DURATION**: 4 Months

**ANTICIPATED START DATE**:May 2023

**NUMBER OF POSITIONS**: 1
- **APPLICATION DEADLINE**: January 18, 2023

**Location**
Toronto, Canada

**Munich Re is operating under a hybrid working model, including an average of 1-2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration.**

Your job

Work term responsibilities will include, but not be limited to the following:
Facultative Underwriting (MROC)
- Setup New Business for Casualty and Property Facultative underwriters;
- Clear incoming hard copy & on-line mail;
- Send renewal letters to clients;
- Set-up certificates for underwriter approval;
- Review facultative policy documents and wordings;
- Assist property treaty underwriters in analyzing client submissions;
- Request account information and follow-up for missing information;
- Opportunity to attend luncheons with facultative UW & clients;
- Investigate claims prior to making payment to clients;
- Carry out research for client events, and promotional materials/products;
- Prepare reports as may be required in Excel, Word, and PowerPoint formats;
- Assist department underwriters and managers, as required.

**Profile**:
First and foremost, we’re looking for well-rounded individuals who are professional, have great communication skills, and demonstrate the ability to build strong relationships with both internal and external clients. You’ll be joining an energetic and goal-oriented team that uses a collaborative approach to working within all areas of the company, and focuses on achieving the greater objectives of Munich Re.

Specifically, we’re looking for the following qualifications:

- Currently pursuing an undergraduate degree in Business Administration/Commerce, or equivalent program - with a focus on insurance and in healthy academic standing;
- Excellent communication skills - spoken & written, formal/informal presentation;
- Proficient in Microsoft Office Suite, particularly in: Excel, Word, and PowerPoint;
- Mathematical aptitude;
- Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment - particularly in relation to data entry;
- Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
- Effective working both independently and as part of a greater team;
- Demonstrates leadership qualities - clear-thinking, curiosity, integrity, and drive;

Note that this opportunity is open to both current students who will be returning to in-class studies upon the completion of the internship, as well as recent graduates who have obtained their undergraduate degree within the past year.

About us

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.

Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance. Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the “go-to” reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance. As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change. Together with our clients, we will shape the future of our industry.