VP, Reinsurance Director

Toronto, ON
$150,000-200,000 per year
Permanent
Full-time

1 month ago

The OpportunityAre you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.If you have experience in Underwriting, broking and Reinsurance and are looking for a new challenge, we would love to hear from you.Zurich Canada is currently looking for a VP Reinsurance Director to develop and manage complex reinsurance strategies as well as the development and management of high level relationships with attributed reinsurers, brokers and portfolio managers at the SVP level.This specific role follows a hybrid work model requiring four days per week of in-person presence, which may include time in the office or market-facing engagements.Reporting to the EVP Chief Underwriting Officer, and in close alignment with Group Reinsurance, you will be working on developing and leading all aspects of the Reinsurance Strategy development and execution. This includes developing and managing relationships with the business and working closely to build and execute reinsurance placements that meet the needs of the businesses.This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters.Zurich Canada uses artificial intelligence-enabled tools to support certain aspects of the recruitment process, including the initial review and screening of applications. Artificial intelligence is not the sole basis for candidate shortlisting or selection. All hiring decisions are reviewed and made by qualified hiring professionals.What you will do:

Working closely with the EVP Chief Underwriting Officer, SVP Technical Director and SVP Chief Pricing Actuary, you will be positioned as an objective business partner, develop, and align treaty level reinsurance strategies, in conjunction with key stakeholders, to support our business strategy and ambitious growth plan in Canada. This includes portfolio and growth strategy optimization.

Works closely with Group Reinsurance and Canadian BU Analytics colleagues and utilizes their input and findings in the decision-making process.

Supports Treaty Premium Planning & Analysis
Oversees treaty contract compliance.

Responsibilities also include senior management related responsibilities such as:

Ensuring that data is suitable for external and internal treaty pricing purposes
Collect and validate exposure information from the business
Design scope of cover; determine contract wording; release submission
Negotiate and agree terms and conditions with approved reinsurers; finalize contract wordings
Coordinate running internal pricing models, calculation of benchmark price, and/or validation of risk transfer
Complete compliance forms, including obtaining sign-off from Group Reinsurance Legal, as required
Ensure reinsurance governance in accordance with the Zurich Risk Policy is adhered to and documented as required.
Business Travel, as required
Extended Hours during Peak Periods, as required

What you bring to the table:

Ability to build strong business partner relationships.
Experience working across business units/functions and collaboration in a team environment.
Minimum of 10 years' experience of Reinsurance underwriting or brokerage
Profound understanding of and experience with OSFI's supervisory expectations of sound reinsurance practices and procedures
Strong verbal and written communication abilities, capable of engaging with high management levels.
Proficiency and motivation in working with technical details.
Strategic thinking capabilities
Proficiency in influencing and negotiation

Required:

Bachelor's degree, preferably in finance or economics

Preferred:

Strong analytics skillset
Advanced knowledge of reinsurance contracts
Negotiation and business partnering experience
MBA or post graduate studies
Bilingual in English and French would be considered as a strong asset

At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The base salary range for this position is $150,000 to $200,000 . This range reflects the expected pay for the role across Canada and may vary depending on factors like office location, specific responsibilities, and individual qualifications. As required by local law, Zurich provides in good faith a reasonable compensation range, but starting salaries may exceed this range based on a candidate's skills and experience.Our Culture

At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DEIB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome.
We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.
We care about our employees' well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package.
We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that.
We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Zurich employees receive four personal days per year to be used at their discretion.
We are committed to continuous improvement, and offer access to a comprehensive range of training and development opportunities.
We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources.
We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto's Top Employers and to have received Insurance Business Canada's 5-Star Diversity, Equity and Inclusion Award.

Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.About UsZurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 500 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals' first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at .A future with ZurichNow is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 148 years of experience managing risk and supporting resilience. We are a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. Today, we serve more than 25 industries, from agriculture to technology and insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, Zurich strives to provide ongoing career development opportunities and foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our people, our customers and the communities we serve.As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers' expectations. Zurich is committed to providing a diverse, inclusive and barrier-free environment resulting in an accessible organization for employees, customers, and other parties who interact with, or on behalf of, Zurich. We strive to achieve a workplace free of discrimination of all forms, including discrimination on the basis of physical or mental disability, or medical condition. If you are interested in a job opportunity, please advise if you require an accommodation, so we can work with you to provide a more accessible process.Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich Canadian Holdings Limited. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.Only applicable for Canada: For Zurich Canada's commitment to diversity and accessibility please . If you would prefer to not receive future electronic messages from Zurich Insurance Company Ltd's recruitment management system, please email your request to have your job profile deleted from the system by clicking . Zurich Insurance Company Ltd 100 King St., W., Suite 5500, Toronto, ON, M5X 1C9.

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