Reinsurance Specialist
- Location
- Winnipeg
- Starts
- Closes
- Job Category
- Insurance
- Job Type
- Full-time
As a part of the Corporate Actuarial department, the Reinsurance Specialist will be responsible for monitoring the company’s catastrophe exposure and assisting in the administration of the company’s reinsurance programs. The main focus for this role will be producing, validating and analyzing catastrophe model results and communicating these results to stakeholders in various areas within the organization.
JOB RESPONSIBILITIES
- Creates and maintains an exposure database for catastrophe modeling
- Assists in the maintenance and use of third-party catastrophe models
- Monitors catastrophe exposure accumulations on a quarterly basis
- Assists in the administration and monitoring of the company reinsurance contracts
- Assists in the monthly calculation of ceded recoveries
- Assists in the monthly monitoring of facultative placements by regional branches
- Assists in monthly reporting to reinsurers
- Assists in completing regulatory earthquake filings with government agencies
- Assists with the annual reinsurance data submission
- Assists in the allocation proposal for the reinsurance premium annually
- Performs ad hoc data reporting requests as required
- Remains up to date on all regulatory and legal actions/decisions affecting insurance company operations in general
- Performs other duties and projects as assigned
JOB QUALIFICATIONS
- Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics, Computer Science or other related field of study
- Minimum of 3 years of experience in a P&C insurance related role
- Extensive knowledge of the Property & Casualty insurance industry and insurance operations in general
- Strong written and verbal communication skills
- Excellent analytical and problem-solving skills with the ability to identify relationships, problems and issues to solve complex problems
- Strong organization skills with the ability to handle multiple concurrent assignments in a timely manner
- Ability to work as part of a team as well as independently
- Expert proficiency in MS Excel required; experience with MicroStrategy or SQL would be an asset
- Actuarial exams, a CIP designation or a ARe designation would be a definite asset
- Experience with RMS or AIR catastrophe models would be an asset
Wawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company’s goals. Our employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, goal achievement plan, premium free benefits and a pension plan). Wawanesa provides a stable and rewarding environment for its employees in today’s challenging markets.