Senior Reinsurance Coordinator

Department: Global Reinsurance

Location: Toronto

Reports To: Vice President, Global Reinsurance

Company Overview:

Liberty Mutual Canada is the Canadian operation of Liberty Mutual Insurance Company. We offer a broad suite of commercial insurance products and solutions to mid-size and large Canadian companies with Canadian, North American and/or multinational risks. Liberty Mutual Canada has over 250 employees and services its clients coast-to-coast from our regional offices in Vancouver, Calgary, Edmonton, Toronto, Montreal and Halifax.

At Liberty Mutual Canada, diversity is about all of us. Our promise to you is a culture that is collaborative, rewarding and empowering. We are committed to attracting and retaining employees across all dimensions of diversity and believe that recognizing, appreciating, and applying the unique insights, perspectives and backgrounds of each person cultivates an atmosphere of trust and respect. Diversity, Equity & Inclusion (DEI) is how we do business, and we’ll continue to invest in it to create a stronger global organization.

If you are unsure whether or not your experience matches every requirement below, we encourage you to apply anyway. We are looking for varied and diverse perspectives and experiences that we can add to our team!

Our core values guide all of our decision-making and come to life through our benefits and employee programs. We offer:

- A premier flexible work environment (a combination of on-site & remote work) supporting our employees in their pursuit of a healthy work-life balance

- Competitive health & dental benefits plan

- Market-leading pension plan

- Competitive time off policy

- External education & tuition reimbursement programs

- Employee & Family Assistance Programs

- An opportunity to get involved and become a member of one of our national employee committees – social responsibility, employee engagement, diversity, equity & inclusion

The Opportunity:

Reporting to the Vice President of our Global Reinsurance department, the Senior Reinsurance Coordinator will be responsible for conducting analysis, overseeing billing/collections of reinsurance transactions, and assisting with ensuring reinsurance operations are reported in an accurate and timely manner.

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.
• Assist with the quarterly reporting for Schedule F and other reinsurance reporting
• Analyzes and validates reinsurance files and corresponding premium and claims payments.
• Processes and provides accurate and timely information to internal and external stakeholders regarding Canadian reinsurance programs.
• Maintaining the reporting of reinsurance accounts, including liaising with underwriters and external parties to ensure accounts are reported and settled on time.
• Work with claims team to compute and effectively communicate reinsurance recoveries related to losses and loss expenses.
• Assist with implementation of SOX key controls for the Reinsurance Process and work with the Risk and Controls Team during periodic testing of key controls.
• Liaises with key stakeholders (underwriters, brokers, claims, etc.) to proactively resolve issues and clear outstanding balances.
• Assist with and review work produced by outsourced teams, such as EXL.
• Reconciling broker statements with our records, distributing broker statements as required, and following up on outstanding items to resolution with brokers.
• Actively seeks enhancements and makes recommendations for new processes to improve efficiencies or rectify inaccuracies or information gaps.
• Organize and lead on reinsurance workflows including organizing and leading meetings on any exceptions.
• Perform ad-hoc tasks as requested.

Skills & Qualifications:

• Undergraduate degree – Finance, Math, or Accounting preferred
• Minimum of 2 years of financial industry experience preferred – ideally in insurance in the P&C area with exposure to reinsurance concepts.
• High proficiency in the use of MS Excel, MS Access, SAP, SQL.
• Broad knowledge of reinsurance concepts, products and processes is an asset.
• Ability to work with large volumes of data to derive business solutions.
• Experience working with automated accounting and reporting systems.
• Ability to identify and solve problems based on analysis (start to finish concept).
• Proven superior communication, presentation and customer service skills.
• Attention to detail.
• Strong business and interpersonal communication skills (written and oral).
• Outstanding inter-personal and team leadership skills with emphasis on employee motivation.
• Excellent analytical, problems solving and technical accounting skills