Manager, Reinsurance - Jobs in Winnipeg, MB

Job Description

Wawanesa Mutual Insurance is one of the largest property and casualty insurers in Canada with $3 billion in annual revenues and assets of more than $9 billion. Wawanesa Mutual, founded in 1896 with executive offices in Winnipeg, is the parent company of Wawanesa General, which offers property and casualty insurance in California and Oregon, and Wawanesa Life, which distributes life insurance products and services throughout Canada. With over 3,500 employees, Wawanesa proudly serves over two million policyholders through nine regional offices and 41 service offices in Canada and the United States. Wawanesa actively gives back to organizations that strengthen communities where it operates, donating well above internationally recognized benchmarks for excellence in corporate philanthropy.We are currently looking for dedicated , driven , and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience, advancement on a growing team.Job OverviewWorking under minimal supervision, the Manager, Reinsurance is responsible for leading a team in the administration and monitoring of the Corporate Reinsurance Program. The Manager, Reinsurance ensures that all reporting requirements are met, and in addition, you will oversee the internal catastrophe modelling and liaisons with other departments as required on the model.Job ResponsibilitiesAdministers and monitors the company reinsurance contracts.Manages the monthly calculation of ceded recoveries – casualty, catastrophes and facultative.Manages the monthly monitoring of facultative placements by regional branches.Manages the monthly reporting to reinsurers.Monitors of earthquake exposure and alert management of EQ accumulations outside of acceptable range on a quarterly basisReports annual reinsurance and earthquake reporting to managementEnsures that the Regulatory earthquake filings are filed with government agenciesWorks extensively with external parties such as reinsurers and the reinsurance brokerWorks with reinsurance broker on annual catastrophe modellingOversees the internal catastrophe modellingManages the allocation of reinsurance premiumPerforms ad hoc requests from reinsurersIdentifies and recommends changes to our reinsurance program.Remains up to date on all regulatory and legal actions/decisions affecting insurance company operations in general.Manages performance of direct reports inclusive of providing professional and technical guidance, and provide regular performance reviews.Creates and presents the ceded budget including catastrophe projections annually to senior managementPerforms other duties and projects as assignedQualificationsUndergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.A minimum of four actuarial exams would be preferred but not required.Minimum of 5 years of experience in an actuarial or claims related roleExtensive knowledge of the Property Casualty insurance industry and insurance operations in general.Excellent communication skills both written and verbal.Excellent analytical and problem-solving skills with the ability to understand context and its impact on all issuesIdentifies when something needs to be done and initiates action as requiredDevelops and implements comprehensive plans that bridge complex issues and span across timeStrong leadership skills with the ability to develop and communicate a visionCIP or ARe designation would be desirableWawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company’s goals. Our full-time permanent employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, annual bonus plan, premium free benefits and a pension plan). Wawanesa provides a stable and rewarding environment for its employees in today’s challenging markets.The health and safety of our employees is our top priority. In response to the COVID-19 pandemic, the majority of our workforce is currently working from home.If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume.Accommodations are available as needed for all applicants.