Senior Reinsurance Business Administrator

3 weeks ago


Mississauga, Ontario, Canada Royal Bank of Canada Full time
Job Summary

This position has responsibility for the administration of the ceded reinsurance business for Royal Bank of Canada, including the accurate and timely calculation and settlement of reinsurance payments and recoveries, accrual of unsettled premiums, and reserve management.

Key Responsibilities
  • Administer the ceded reinsurance business, ensuring accurate and timely calculation and settlement of reinsurance payments and recoveries.
  • Accrue unsettled premiums and manage reserves to ensure compliance with regulatory requirements.
  • Collaborate with internal stakeholders to ensure seamless integration of reinsurance operations with other business functions.
  • Develop and maintain relationships with external reinsurance providers to negotiate and manage reinsurance contracts.
Requirements
  • Strong analytical and problem-solving skills to manage complex reinsurance transactions.
  • Excellent communication and interpersonal skills to collaborate with internal and external stakeholders.
  • Ability to work in a fast-paced environment with multiple priorities and deadlines.
  • Proficiency in Microsoft Office and other relevant software applications.


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