Manager, Reinsurance Placement

Job Description

What is the opportunity?

This position is responsible for prudent management of reinsurance within the insurance businesses of RBC, oversight and due diligence of reinsurers including counterparty credit limits with the enterprise and ensure reinsurance contracts ("treaties") deliver the anticipated results by negotiating contracts that deliver the anticipated benefits. This role will also provide advice & counsel to business partners in the ongoing management of the reinsurance portfolio. This position will collaborate closely with reinsurance counterparties, operation and pricing teams to carry out the mandates.

What will you do?

•Accountable for due diligence and review / selection of reinsurers in accordance with the Reinsurer Selection Framework and produces annual report for senior management

•End-to-End reinsurance placement includes, but is not limited to, reinsurance narrative, exhibits, portfolio analysis, reinsurance broker management, risk / opportunity identification, retention analysis, limit analysis and providing recommendations for placement

•Accountable for ensuring that treaties, including Letters of Intent ("LOI's"), recaptures, terminations, innovations, and other such amendments, are completed on a timely basis

•Maintenance of records for all reinsurance treaties which includes responsibilities for the system where documents reside

•Responsible for various reinsurance reporting

What will you need to succeed?

Must have:

•5+ year's reinsurance experience preferably with a reinsurer or in a corporate role at an insurer with particular emphasis on handling all aspects of reinsurance placements

•Strong working knowledge of life business regarding the reinsurance marketplace, regulatory practices, contract wordings, rating agencies, accounting and administration

•Knowledge of life direct insurance operations, including administration, underwriting and claims

•Strong negotiation, problem solving and collaborative leadership skills,

•Strong written and verbal communication skills. Ability to work in a constantly evolving environment

•Post-Secondary Education – Business

Nice to have:

•Reinsurance / Insurance Committee Membership

•Insurance Designations such as Fellow, Life Management Institute (FLMI) or Associate, Reinsurance Administration (ARA)

What's in it for you?

• A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans

• Competitive pay and high-earning potential

• All the tools, training, and team support you need to grow your career

• Flexible work/life balance options

• Sophisticated RBCI software tools to boost your productivity

RBC Insurance is an organization that succeeds by bringing out the best in its people. You'll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.

Job Skills

Adaptability, Customer Service, Decision Making, Effectiveness Measurement, Insurance Operations, Process Management, Strategic Thinking, Time Management

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:

Mississauga

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INSURANCE

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-10-06

Application Deadline:

2025-10-25

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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