Are 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 reinsurance and are looking for a new challenge, we would love to hear from you.
Zurich Canada is currently looking for a Senior Reinsurance Financial Analyst to handle complex reinsurance transactions, ensuring compliance with reinsurance agreement terms and conditions, proper accounting methodology, and adherence to departmental standard operating procedures.
Reporting to the Reinsurance Financial Manager, you will be responsible for team workflow, governance, financial and performance analysis, resolving complex issues, and providing technical training. You’ll also collaborate with cross-departmental partners and act as a subject matter expert for governance and analytics relating to reinsurance operations.
This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters. This posting is for an existing vacancy.
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.
Zurich follows a hybrid work model requiring three days per week of in-person presence, which may include time in the office or market-facing engagements.
- Analyze and apply proper accounting and operational procedures for complex reinsurance contracts.
- Provide direction and/or perform proper calculations, recording, accounting, reporting, and settlement of complex reinsurance transactions.
- Handle reinsurance claims of medium to high complexity as needed.
- Provide or perform oversight for complex reinsurance-related activity (e.g., commutations, deposit or retroactive accounting, clash cessions, complex multi-policy or multi-claim cessions, cessions with occurrence issues), identify issues, and coordinate resolution.
- Communicate with supervisors, reinsurers, customers, and high-level representatives from other departments (e.g., Claims, Actuarial, Finance).
- Develop, prepare, analyze, or review complex internal or external reinsurance reports, financial statements, key performance indicators, premium plans, or scorecards.
- Provide complex reinsurance agreement and transactional oversight responsibilities for team and vendor governance and oversight functions.
- Collaborate on project management efforts of cross-departmental initiatives.
- Act as a subject matter expert on the relationship between team workflows, key control elements, and administration of governance functions, along with dependencies and outputs from Group Reinsurance processing.
- Provide complex reporting analysis to resolve issues and inquiries using data query tools, including Business Objects.
Job Qualifications - What you bring to the table
Required:
- Bachelor’s Degree in Accounting or Finance and 6 or more years of experience in the Reinsurance area within the insurance industry.
- OR
- High School Diploma or Equivalent and 8 or more years of experience in the Reinsurance area within the insurance industry.
Preferred:
- CPA, CPCU, CFA, or CTP designation(s)
- Advanced knowledge of reinsurance contracts
- Advanced knowledge of reinsurance claim recoverable processes and their link to direct claim processing
- Intermediate to advanced Microsoft Office skills
- Technology experience with one or more of the following: general ledger, financial reporting systems, Business Objects or other query tools
- Strong verbal and written communication skills
At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The salary range for this position is $75,000 - $119,000. 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.
- At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DIEB). 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, along with 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.
- Employees also receive four personal days per year to be used at their discretion for personal appointments, cultural or religious holidays, or mental health.
- We are committed to continuous improvement and offer access to a comprehensive range of training and development opportunities.
- We care about our communities—where our customers, people, and shareholders live and work. Zurich employees give back to their communities through their talent, time, and resources.
- We have won numerous awards for our workplace culture, including being one of Greater Toronto’s Top Employers and receiving 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.
Zurich 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 650 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 www.zurichcanada.com.
A future with Zurich
Now 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 click here. 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 here. Zurich Insurance Company Ltd 100 King St., W., Suite 5500, Toronto, ON, M5X 1C9. www.zurichcanada.com
