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Accounting & Finance Co-op

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Graduate & Entry-Level Job ID 13079 Company Munich Reinsurance Company of Canada Employment type Regular Area of expertise Finance, Accounting & Controlling
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POSITION: Accounting and Finance Co-op, Property & Casualty (2026 Fall – Toronto, 8-12 months)
LOCATION: Toronto, ON
DURATION: 8-12 Months
ANTICIPATED START DATE: September 8, 2026
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: May 27, 2026

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.

Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be; coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.

Munich Re is operating under a hybrid working model, including an average of 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.

Position Overview
Working with accounting professionals, you will be assigned a variety of responsibilities based on demand and interest. The candidate will be involved in the daily functioning of the general accounting department, as well as have the opportunity to be exposed to the quarter end tasks, expense reporting to sr. management, investment reporting, excel and power bi modeling.
Note that this opportunity will be in one of the accounting departments of Munich Reinsurance Company of Canada (MROC) based in Toronto.

Job Responsibilities
Work term responsibilities may include (but will not be limited to) the following:

Technical Accounting, Openings: 1
Daily Tasks:
•    Review, post and settlement of technical premiums, acquisition costs and losses.
•    Monitoring of AP/AR while working with internal and external clients. •    Key performance indicators monitoring.
Quarter End Tasks:
•    Responsible for the setup of new and renewing treaties.
•    Analysis and commentary on premium deviations to forecast.
•    Support of both internal and external audit requests.

Qualifications  First and foremost, we’re looking for well-rounded individuals who are professional, have great communication skills, and show an aptitude for working with data. 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:
•    Undergraduate degree in Business Administration/Commerce with focus on Accounting or Finance, or equivalent program - in healthy academic standing in core curriculum; 
•    Excellent communication skills – spoken & written, formal/informal presentation;
•    Proficient in Microsoft Office Suite, particularly in: Excel, Word, and PowerPoint;
•    Mathematical aptitude, exhibits good analytical and problem solving capability;
•    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 under tight timelines;
•    Effective working both independently and as part of a greater team;
•    Demonstrated ability to create and manage positive professional relationships with good client service acumen.

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

Our base salary range for this role is between $850 and $1300 per week, plus vacation pay. The salary estimate displayed represents the typical salary ranges for candidates based on the number of relevant co-op terms completed. This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for a new vacancy.   We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

Note that only candidates who are selected for interview will be contacted directly.  
Thank you for your interest in joining Munich Re.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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