Manager Reinsurance

Echelon Insurance; Vaughan; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading insurance company in Vaughan, Ontario, seeks an experienced professional to manage reinsurance programs and lead a team. The ideal candidate will have a strong background in risk management, insurance, and financial services, with at least 7 years of experience. Key responsibilities include overseeing reinsurance contracts, optimizing risk transfer strategies, and ensuring compliance with regulatory requirements. Offers competitive benefits and career development opportunities.

Benefits

Holistic wellness program

Continuous learning opportunities

Travel incentives and discounts

Competitive benefits package

Qualifications

• Minimum 7 years of Insurance and/or Financial Services Industry experience.
• Minimum of 3 years of experience in leading and managing staff.
• Strong knowledge of Governance, Risk, Compliance frameworks.

Responsibilities

• Manage the reinsurance program, including oversight and annual renewals.
• Coordinate with Actuarial, Finance, and brokers for risk transfer optimization.
• Develop and implement strategies for business growth and risk mitigation.

Skills

Risk Management

Insurance Knowledge

Data Analytics

Leadership

Regulatory Compliance

Education

Bachelor's degree in Risk Management / Business / Finance / Data Analytics

Associate in Reinsurance (ARe) designation

Job description

Who we are

At CAA Club Group, we are passionate about keeping our Members safe - whether they are on the road, at home, or traveling abroad. As a trusted Member-based organization, we provide products and services that are essential to Members’ safety and peace of mind. With over 2.6 million Members across Ontario and Manitoba, we advocate on issues such road safety and infrastructure, the environment, seniors’ mobility, and consumer protection. Associates share in each other’s successes, drive change and support each other while cultivating a great working environment to deliver on what is best for our Members. CAA Club Group is a member of the CAA Club Group of Companies.

Are you ready to join an award-winning, purpose-driven culture? Welcome to the CAA Club Group of Companies (CCG), where purpose leads to passion!

At CCG, we are committed to delivering an exceptional Associate experience. We offer:

• Work-life harmony with access to an award-winning holistic wellness program,
• Continuous learning through our robust corporate curriculum and education reimbursement program,
• Incredible rewards, travel incentives, and product and service discounts,
• Pay-for-performance and best-in-class recognition programs, and
• Competitive benefits that include a defined contribution plan, personal spending account, and so much more.

Join our growing team where everyone belongs!

What You Will Do

• Understand Echelon and CAA Insurance’s organizational needs and strategic environment to understand the role reinsurance plays in supporting execution of business strategy in alignment with our risk appetite and in compliance with regulatory requirements
• Build collaborative and productive working relationships across the organization to establish, maintain, and continuously improve reinsurance risk transfer capabilities, promote risk awareness, and intelligent risk taking
• Understand the business objectives and plans to consistently align risk transfer plans with the business strategy. Work with senior management to integrate reinsurance within the strategy development process
• Manage the reinsurance program including project management oversight, annual renewal process, data gathering, purchase of new reinsurance treaties as needed
• Work with our reinsurance broker to ensure adequate coverage is maintained within our risk appetite and limits
• Develop and implement reinsurance strategies to support business growth and risk mitigation
• Lead the placement of reinsurance programs and review reinsurance contract wording
• Ensure that risk management requirements are implemented and monitored on a timely and comprehensive basis, ensuring compliance with regulatory guidelines relating to reinsurance and climate management (e.g., OSFI B-15)
• Continuously improve the reinsurance related risk policies, procedures, methodologies, standards & tools in compliance with regulatory requirements. Ensure communication of these materials to the business to enable adoption
• Coordinate with Actuarial, Finance, and the reinsurance broker to provide information and calculations to support the optimization of risk transfer while maintaining our capital risk appetite
• Provide input into reinsurance scenario analysis as part of the internal capital target setting process (i.e., ORSA), financial conditions testing (FCT), regulatory climate related testing, probable maximum loss quantification, and any other ad hoc reinsurance related scenario analysis as needed
• Generate materials for reinsurance reporting to the executive risk committees, the Risk Committee of the Board, and various presentations to reinsurers

Please note, salary range is not inclusive of total compensation. The expected salary range for this position will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. Candidates with salary expectations outside of the range are encouraged to apply.

Who You Are

• Bachelors or equivalent degree in Risk Management / Business / Finance / Data Analytics
• Associate in Reinsurance (ARe) designation would be an asset
• Industry accreditation in Risk Management or Insurance related field (CRM, CRMP, CIP) would be an asset
• Minimum 7 years of Insurance and/or Financial Services Industry experience
• Minimum of 3 years of experience in leading and managing staff
• Prior knowledge/experience in managing a risk financing program
• Prior experience with insurance industry regulatory requirements (e.g., OSFI, FSRA, Alberta Treasury Board)
• Experience in Insurance and/or Financial Services industry
• Strong knowledge and previous experience with Governance, Risk and Compliance and Controls frameworks

Please note that internal applicants are asked to formally express their interest by applying online no later than 10 business days of the position being posted.

Please note that we may use AI tools to help us through the recruitment process.

Our Commitment

We are an equal opportunity employer and are committed to providing employment accommodation in accordance with all applicable Provincial Human Rights and Accessibility Legislation. CCG will provide accommodations to job applicants with disabilities throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs.