Senior Reinsurance Coordinator

Department: Finance
Location: Toronto
Reports To: Team Leader, Finance Operations

Position Summary:

Reporting to the Team Leader, Finance Operations, the Senior Reinsurance Coordinator is responsible for ensuring reinsurance operations are reported in an accurate and timely manner. Specifically, the Senior Reinsurance Coordinator will be responsible for conducting analysis and overseeing billing/collections of reinsurance transactions. In addition, this role will be responsible for ensuring that all assigned monthly reporting tasks to internal stakeholders are accurate and completed on time, and completes ad hoc tasks as required.

Duties and Responsibilities:

  • Ensure all treaties, quota share and XOL treaties are appropriately settled with the markets and internal reinsurance teams on a timely basis.
  • Analyzes and validates reinsurance files and corresponding premium and claims payments.
  • Processes and provides accurate and timely information to internal and external stakeholders
  • Oversees the reporting of reinsurance accounts, including liaising with underwriters and external parties to ensure accounts are reported and settled on time.
  • Ability to compute and effectively communicate reinsurance recoveries related to large losses (per Canadian reinsurance programs).
  • Liaises with other key stakeholders (underwriter assistants, brokers, claims etc.) to proactively resolve issues and clear outstanding balances.
  • Develops effective working relationships with external clients (ceding companies) and local office and business stakeholders to ensure both client and internal stakeholder needs are met.
  • Responsible for reconciling broker statements with our records, distributing broker statements as required and follow up on outstanding items to resolution with brokers.
  • Maintains oversight and reviews work produced by our outsourcing partners.
  • Actively seeks enhancements and makes recommendations for new processes to improve efficiencies or rectifies inaccuracies or information gaps.
  • Provides assistance and ensures transparency in the communication to key internal stakeholders and external clients
  • Develops and fosters relationship with internal and external stakeholders as the first point of contact for re-insurance.
  • Ability to organize and lead on reinsurance workflows including organizing and leading meetings on any exceptions. Perform ad hoc tasks as requested.
  • Takes ownership of key reinsurance workflows, recommends and drives improvement as is necessary

Skills & Qualifications:

  • Bachelor’s degree (Finance or Accounting preferred) and a minimum of 2 years of relevant work experience.
  • Demonstrated written and verbal communication skills and decision-making abilities.
  • Ability to identify and resolve issues, present information in a clear manner and coach other team members.
  • Advanced working proficiency with Microsoft Office Suite (Word, Excel, Outlook)
  • Strong analytical and problem-solving skills
  • Shows judgment in critically evaluating client data
  • Keen attention to detail with strong analytical ability
  • Highly organized, delivery-orientated with the ability to proactively manage stakeholder expectations
  • Highly motivated, results oriented and solutions focused
  • Ability to work effectively under pressure and within deadlines
  • Ability to identify and manage key priorities

Interested candidates should submit a resume to CareersCanada@libertymutual.com  indicating the job title in the subject line.

Liberty Mutual Canada welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process.

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