Reinsurance Financial Analyst

Zurich Insurance Company Ltd.•Toronto, ON

1d•CA$63,000 - CA$90,000•Hybrid

About The Position

Zurich Canada is seeking a Reinsurance Financial Analyst to support the analysis, processing, and financial reporting of intermediate to complex reinsurance transactions. This role ensures accuracy, compliance with contract terms, and adherence to departmental standards. The analyst will be responsible for identifying, calculating, recording, reporting, and settling reinsurance premiums and losses, reconciling complex reinsurance activity, and maintaining high-quality financial and underwriting data. Additionally, the role involves providing training and oversight for peers and outsourced vendors, collaborating with internal stakeholders and external reinsurance partners, and proactively managing open recoverables and issues within their portfolio. This is an opportunity to build knowledge and experience in a supportive environment.

Requirements

Bachelor’s Degree and 4 or more years of experience in the Reinsurance, Insurance or Finance area OR Zurich Certified Insurance Apprentice, including Associate Degree and 4 or more years of experience in the Reinsurance, Insurance or Finance area OR High School Diploma or Equivalent and 6 or more years of experience in the Reinsurance, Insurance or Finance area
Experience with Microsoft Office (e.g., Excel, Word, PowerPoint, Outlook)

Nice To Haves

Intermediate knowledge of reinsurance contracts.
Intermediate knowledge of reinsurance claim recoverable processes and the link to direct claim processing.
Experience in accounts receivable/payable and account reconciliation.
Technology experience related to one or more of the following: general ledger, financial reporting systems, Business Objects or other query/reporting tools.
Strong verbal and written communication skills, with the ability to explain complex information clearly to a variety of stakeholders.

Responsibilities

Identify, calculate, record, report, and settle reinsurance premiums and losses in relation to contract terms and department standards.
Handle and collect reinsurance claims of moderate to high complexity, ensuring timely and professional follow-up.
Reconcile complex, detailed reinsurance-related activity, identify issues, coordinate resolution, and take corrective actions as directed.
Update financial, underwriting, and/or claim systems to reflect accurate and complete reinsurance information.
Prepare and analyze internal and external reports in accordance with regulatory and departmental guidelines, including reviewing trends, anomalies, and reconciliation to key data sources.
Provide training and oversight review for accounts and processing responsibilities assigned to outsourced vendors and peer accounts.
Communicate regularly with supervisors, reinsurers, customers, and representatives from other departments (e.g., Claims, Actuarial, Finance).
Ensure timely, accurate, and complete calculations, recording, reporting, and billing of reinsurance losses and/or premiums in accordance with contract terms and department standards.
Pursue open recoverables in a timely and professional manner, escalating issues as appropriate.
Ensure established policies, procedures, and operating standards are met for all assigned responsibilities.
Lead relationship management and communication with internal Zurich business partners and external reinsurance customers within your area of responsibility, including timely response to all external inquiries as prescribed by department standards.
Provide ongoing workflow status, risk assessment, and issue insights to Group Reinsurance management and internal and external stakeholders.