Wording Specialist

Wording Specialist

We care for humankind – and that starts with our people
Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success.  Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.

Overview 
Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Do you possess excellent communication with strong attention to detail?  As someone with excellent technical skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.

We’re looking for our next Wording Associate.  Could It Be You?
We are looking for a dynamic and business-oriented Wording Specialist, for Munich Reinsurance Company of Canada.  The Wording Specialist plays a critical role in shaping the risk profile of MROC’s reinsurance treaty portfolio.  This position partners closely with Underwriting, Claims and Legal to structure, negotiate and govern complex treaty wordings across all Lines of Business.

Need more details? This role will require you to…

    Provide consulting, training, research, and transactional contract wording drafting, reviewing, research and template development services for MROC across all lines of reinsurance business
    Review reinsurance placement slips and contracts for a variety of contract types and lines of business (including, but not limited to): property, casualty, professional lines, cyber and surety
    Negotiate reinsurance terms and conditions directly with clients, through brokers and in cooperation with Underwriting and Client Management teams
    Conduct primary insurance policy reviews and support internal contract audits, provide sound recommendations to ensure business is underwritten in compliance with Munich Re guidelines and policies
    Develop and implement contract reviewing guidelines
    Advise the underwriting teams and senior management of legal/regulatory developments and emerging contract wording topics
    Conduct internal and external seminar presentations on relevant legal and emerging trending risks
    Train underwriters on relevant legal topics and guidelines, and actively contributes as a member of Munich Re’s Wording Expert Community
    Ensure efficient coordination with internal stakeholders within MROC and the Munich Re Group
    Influence and ensure high-quality contract wordings within the business area by leveraging Munich Re's wording governance tools, including future Al-augmented applications

So are YOU our next Wording Specialist? You are if…

    University Degree in business, risk management, law or a relevant discipline
    5+ years of reinsurance/insurance experience with demonstrated expertise in contract or insurance wordings.
    Familiarity with insurance contracts and wordings in the Canadian marketplace
    Excellent communication (written and verbal), interpersonal and networking skills for all levels of the organization
    Well-developed analytical skills, highly motivated
    Builds relationships with internal and external clients in support of business objectives
    Proficient computer skills, specifically Microsoft Office products and aptitude for new computer systems
    Pursuing CIP/FCIP designation is an asset
    Fluency in French is an asset

In addition to an exciting job opportunity, we offer the following…
•    You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.  
•    A comprehensive total rewards financial program which includes extensive flexible benefits and pension. 
•    A hybrid work environment in an inspiring physical workplace setting.
•    Educational Assistance Programs that continue to recognize your on-going success.
 
Click on the link to apply…

Munich Re Canada 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.

Our base salary range for this role is between $122,485 and $158,510 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 an existing vacancy. 
 
We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.