Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Analyst, Underwriting (12 Month Contract)

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Graduate & Entry-Level Job ID 11372 Company Munich Reinsurance Company of Canada Employment type Regular Area of expertise Claims & Underwriting
Apply Now

Underwriting Analyst (12 Month Contract)

We care for humankind – and that starts with our people
Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success.  Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.

Overview
Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Do you possess strong analytical and investigative competencies?  As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.

We’re looking for our next Contract Underwriting Analyst.  Could It Be You?
You have your Post-secondary education as well as your Chartered Insurance Professional (CIP) designation or progression towards the designation is an asset.  In addition, you ideally have some insurance or finance experience as well as strong MS Office skills, particularly working with large data sets in Excel.

Your primary responsibility will be to perform a variety of technical, administrative, and accounting duties necessary for the efficient operation of MR F&C in Canada.

Need more details? Keep reading…
•    You will assist underwriters in preparing and organizing data for entry into single risk pricing tools for rating purposes.
•    You will be responsible to clear, review and enter new business, endorsements and renewals for the underwriters within the established standards, including:
o    Setting up folders electronically for submissions, new and renewal business, and endorsements
o    Clearing any incoming mail/emails in the underwriting system, and matching them up the appropriate file(s).
o    Requesting information and following up for any missing information.
•    You will review the underwriter’s and peers’ system entries to ensure accuracy of the information (four eye principle). Discrepancies are to be brought to the appropriate parties attention for correction.
•    You will be responsible for issuing various insurance documents including FAC certificates and insurance policies for underwriters to sign.
•    You will generate status reports as required.
•    You will also be responsible for the preparation of renewals and the production of correspondence to emails to clients.
•    You will submit billing and payment information to accounting for client invoicing, reconcile billing and payment discrepancies to support the accounting unit; you will also file policy correspondence on a daily basis into the Electronic Filing System.
•    You will be responsible for analyzing data sets for the purpose of evaluating new and existing business submissions.
•    You will engage with MR F&C underwriters and leadership team 
•    You have the ability to suggest process improvements to drive efficiency for underwriting group, and provide coaching and training to peers as needed
•    You may participate in global or local projects as assigned

So are YOU our next Contract Underwriting Analyst? You are if…
•    You have a college/university degree with emphasis in insurance, business or accounting preferred.
•    You ideally have two years of prior insurance or finance experience, as well of knowledge of and experience with relevant legislation and regulation; ideally your background features an emphasis on regulatory, re/insurance, corporate, or transactional experience.
•    You have excellent interpersonal, communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy.
•    You have exceptional computer skills including Microsoft Office, particularly, a strong Excel skillset specifically working with large data sets. 
•    You have exceptional analytical and investigative competencies as well as a high degree of drive, self-motivation, continuing development and proven ability to work independently.
•    You have the ability to work on a small team, work collaboratively, and build strong relationships with your colleagues.
•    You have a high degree of flexibility and adaptability to changing environments with an ability to work independently and function well under pressure.
•    You have demonstrated fluency in English; fluency in French (oral and written) is an asset. 
•    A working knowledge of primary and/or reinsurance underwriting process and coverage is preferred.
•    A working knowledge of pricing models, insurance policies and reinsurance contracts for property/casualty is preferred.


In addition to an exciting job opportunity, we offer the following…
•    You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.  
•    A hybrid work environment in an inspiring physical workplace setting.
•    Educational Assistance Programs that continue to recognize your on-going success.

Click on the link to apply…
Munich Re Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination.  Accommodations will be made for qualified applicants with a disability throughout the recruitment process.  If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.

Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.