Senior Reinsurance Financial Analyst

The Opportunity

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.

What you will do

•    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.

Our Culture

•    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.

About 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.