Reinsurance Treaty Lead
2 weeks ago
This position is responsible for writing and analyzing ceded reinsurance treaties for RBC Insurance, including any treaty addendums. This position will collaborate closely with key stakeholders to optimize the administration and management of all reinsurance treaties, including managing any Letters of Intent.
Key Responsibilities- Write Reinsurance treaties while collaborating with our legal advisors to develop appropriate treaty language, including all applicable treaty clauses.
- Manage how RBC Insurance handles all existing and any new reinsurance treaties; Implement process and system changes to optimize the reinsurance treaties management.
- Collaborate closely with the Manager, Reinsurance Placements and Counterparty Management and analyze data from reinsurance treaties to identify operational gaps, risks, and improvement opportunities.
- Collaborate with risk partners, internal, and external audit to ensure processes and procedures are robust, and adequate controls are in-place for required signatures in all treaties and reviewed on an ongoing basis.
- Develop and maintain relationships with cross department teams (incl. underwriting, pricing, claims, finance, legal) and external reinsurers to ensure all reinsurance treaties are documented and ready for further analysis.
- Support the overall administration of ceded reinsurance treaties as required, which includes but not limited to:
- Accurate and timely analytics of all reinsurance treaties
- Recommend applicable treaties for full or partial recapture
- Assist in management of Group & Travel administrative tasks
- Post secondary degree in business, actuarial science, finance, mathematics, or another relevant field of study
- Minimum 5 years' experience in Insurance and Reinsurance Administration, and an in-depth knowledge of the industry, reinsurance treaties and contracts, insurance products, and related processes
- Must have direct first-hand experience in writing Reinsurance Treaties
- Thorough understanding of reinsurance processes including administration of all reinsurance treaties, with unique skills in developing treaty analytics; detailed understanding of reinsurance data, processes, and controls including retention management, treaty setup, interpretation, and compliance
- Effective communication and leadership skills, with the ability to communicate and present ideas across various levels of management and stakeholders
- Experience in data analytics and ability to summarize reinsurance treaty data by key fields like Ceded Cession Count, Ceded Reinsurance Premium, Ceded Reinsurance Net Amount at Risk, Ceded Actuarial Liabilities
- A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
- Competitive pay and high-earning potential
- All the tools, training, and team support you need to grow your career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity
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Reinsurance Treaty Lead
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Mississauga, Ontario, Canada RBC Life Insurance Company Full timeJob SummaryThis position is responsible for writing and analyzing ceded reinsurance treaties for RBC Life Insurance Company, including any treaty addendums. The successful candidate will collaborate closely with key stakeholders to optimize the administration and management of all reinsurance treaties, including managing any Letters of Intent.Key...
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Reinsurance Treaty Lead
2 weeks ago
Mississauga, Ontario, Canada RBC Life Insurance Company Full timeJob SummaryThis position is responsible for writing and analyzing ceded reinsurance treaties for RBC Life Insurance Company, including any treaty addendums. The successful candidate will collaborate closely with key stakeholders to optimize the administration and management of all reinsurance treaties, including managing any Letters of Intent.Key...
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Mississauga, Ontario, Canada RBC Life Insurance Company Full timeJob SummaryThis position is responsible for writing and analyzing ceded reinsurance treaties for RBC Life Insurance Company, including any treaty addendums. The successful candidate will collaborate closely with key stakeholders to optimize the administration and management of all reinsurance treaties, including managing any Letters of Intent.Key...
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