Reinsurance Trainee, Claims (12-month Contract)

Position Overview

• Actively participates in claims and reinsurance training.
• Learn to review claims effectively and efficiently.
• Adapt to internal systems and refer claims appropriately for final approval.
• Develop client management skills and knowledge.

Your Role:

Claim Adjudication

• Actively participate in and complete internal and external training focused on claim adjudication, insurance risk selection and reinsurance principles.
• Apply claim investigation and client management practices to determine acceptability of reported claims, within treaty standards, company best practices and service turnaround times.
• Develop skills to handle all claim documentation in an appropriate and orderly manner, perform required claim file follow ups.
• Learn to identify coverage and payment discrepancies.
• Utilize data management and claim system software and tools effectively to adjudicate claims under guidance.
• Work within documented training plan and authority limits and limited supervision.
• Demonstrate technical claim risk knowledge through internal quality audit findings.

Client Management

• Develop skills to interact with client company claim examiners, respond to inquiries within service turnaround times and strive to build positive client relationships.
• Learn fundamentals of client and business lines as required
• Contribute to overall team, department and company objectives.

Your Profile:  

• University degree.
• Excellent oral and written communication skills.
• Bilingual in English/French is an asset.
• Demonstrated ability to prioritize work and to quickly and accurately review data.
• Demonstrated ability to make sound decisions using available and sourced data.
• Strong analytical skills with attention to detail and accuracy.
• Possess a drive for results with successful collaboration and team work and a positive and ambitious attitude.
• Ability to positively influence negotiations and build solid relationships.
• Proficiency in Microsoft Office Suite and Access is an asset.

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance.  By turning uncertainty into manageable risk, we enable fundamental change.  We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.  We dare to think big and are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.  We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days
• A great compensation package including annual company bonus
• Market leading company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
• Immediate participation in DC Pension Plan with an automatic employer contribution, plus optional company match
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
• Maternity, Parental & Adoption Leave top-up program
• Employee Referral Program, Recognition & Rewards Platform

Our base salary range for this role is between $65,455 and $75,790 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for a new vacancy. 

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

Munich Re is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.