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Reinsurance Accounting Operations Co-op (Fall 2026 - Toronto, 4 months)

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Internship & Working Student Job ID 13803 Company Munich Re, Canada (Life) Employment type Temporary Area of expertise Finance, Accounting & Controlling
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POSITION: Reinsurance Accounting Operations Co-op (Fall 2026 – Toronto, 4 months)​

LOCATION: Toronto, ON

ANTICIPATED START DATE: Fall 2026

NUMBER OF POSITIONS: 1

​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.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.  We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

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 2-3 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, so they can fully benefit from the full program integration. This provides a great opportunity to network, develop soft skills and become immersed within the greater Munich Re culture; including engaging with your team while in-office for face-to-face meetings, sharing meaningful moments, and allocating time to connect with your Manager.

Position Overview

Reporting to a Manager within Reinsurance Accounting, the Co-op Student will support the North American Reinsurance Accounting Operations team with basic accounting, reporting, reconciliation, and process documentation activities.

This role is intended as a learning opportunity for a student pursuing studies in accounting, finance, business, commerce, or a related field. The student will work under the guidance of experienced team members and will be assigned tasks with limited scope and appropriate supervision.

The role provides exposure to reinsurance accounting processes, quarterly close support, client data review, reporting support, and process improvement activities, with a focus on accuracy, organization, and timely completion.

Job Responsibilities

Reinsurance accounting support:

  • Assist with the review and organization of client data and accounting support files.
  • Support basic reconciliations and follow up on simple variances under supervision.
  • Help prepare working papers used in the quarterly close process.
  • Support the tracking of outstanding items, open queries, and follow-up actions.
  • Assist with maintaining accurate records for premiums, commissions, claims, or other reinsurance-related balances.

Reporting and analysis support:

  • Assist with preparing routine reports and supporting schedules for internal review.
  • Help organize documentation used for management reporting and internal discussions.

Process documentation and administrative support:

  • Assist with updating process documentation, checklists, and desktop procedures.
  • Support process improvement activities, where appropriate.

Qualifications

We’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships with teams and internal clients.  We’re seeking energetic and collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance accounting space.

Specifically, we’re looking for the following qualifications:

  • Currently enrolled in a university or college program in Accounting, Finance, Business, Commerce, or a related field.
  • Interest in accounting, financial reporting, insurance, or reinsurance operations.
  • Basic to intermediate knowledge of Microsoft Excel.
  • Comfortable working with Microsoft Office applications, including Word, Outlook, and PowerPoint.
  • Strong organizational skills and ability to manage assigned tasks and deadlines.
  • Good communication skills and ability to ask questions when clarification is needed.
  • Ability to work collaboratively in a team environment.

Compensation for this position ranges from $850 to $1,100 per week. This range represents the typical compensation for candidates hired into this role.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

Munich Re 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.

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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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