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Treaty Specialist, Reinsurance Operations

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Professional Job ID 11501 Company Munich Re, Canada (Life) Employment type Regular Area of expertise Operations & Product Management
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Position Overview

As a Treaty Specialist, you’ll transform treaty language into our internal systems to ensure accuracy and compliance. In this role, you’ll also ensure the outcome of your work results in precise reporting that contributes to the delivery of reliable financial results while working closely and in collaboration with actuarial, underwriting, claims and finance to deliver insights and operational improvements. You will also play a key analytical role in identifying operational inefficiencies, recommending improvements, and enhancing end to end treaty processes.

Your Role: 

Treaty Setup & Administration

  • Responsible for the end-to-end set-up of treaties and defining all critical terms within the treaty system, for various products (Life, Health, Group, Financial Reinsurance, Longevity, Retrocession, etc.).
  • Interpret treaty language to assess operational impacts, data requirements, and system configuration needs. 
  • Validate treaty parameters, retention limits, and financial terms for accuracy and compliance.
  • Maintain and update mapping to internal treaty databases, ensuring accuracy, completeness, and consistency of key data fields.
  • Analyze and resolve cession records that don’t meet treaty terms by identifying root causes and implement corrective actions.
  • Support the implementation of data quality rules and controls, tracking and resolving data-quality issues in collaboration with business and technical teams.
  • Coordinate and oversee integration between treaty systems and other platforms to ensure smooth data flow and alignment with business needs.
  • Identify opportunities to improve workflows, documentation, and controls for treaty setup. 
  • Create clear reports highlighting risks, dependencies, and process gaps to help management make informed decisions.

Stakeholder Collaboration & Business Partnering

  • Collaborate with pricing, actuarial, underwriting, claims, finance, legal, and IT teams to resolve data issues, clarify requirements, and deliver on business objectives.
  • Act as an operational advisor, translating treaty terms into actionable steps and raising considerations for decision-making.
  • Serve as a subject-matter expert on treaties, supporting internal teams and external partners with operational impacts of treaty changes.
  • Partner with finance to set up treaties in the system for timely quarter-end reporting.
  • Collaborate with Marketing throughout the treaty lifecycle—from Letter of Intent to amendments and closure.
  • Coordinate with US Treaty Team and Canadian Pricing Team to ensure new deals and amendments are entered on time and reflected in operations for accurate reporting.
  • Prepare and deliver presentations, documentation, and updates for management and external partners.
  • Support internal and external audits by providing clear documentation of treaty terms, processes, and data flows.

Future-Focused Innovation & AI/ML Integration

  • Explore and implement AI/ML tools to automate treaty setup and analysis where appropriate.
  • Identify opportunities for predictive analytics, anomaly detection, and automated reconciliation to improve efficiency and outcomes.

Your Profile:  

  • Bachelor’s degree in Business, Finance, Insurance or related discipline.
  • 2-3 years of experience in treaty administration, reinsurance operations, or data analysis roles.
  • Understanding of treaty structures, retention limits, and insurance products
  • Proficient with SQL and relational databases.
  • Strong Excel skills (pivot tables; Power Query/Power Pivot a plus).
  • Familiarity with reinsurance administration systems and/or data warehouse environments is an asset.
  • Experience in Master Data management to ensure data integrity, consistency and governance across systems.

Core Competencies

  • Analytical problem-solver who moves from detailed data to clear conclusions and recommendations.
  • Curious and innovative, with a habit of digging deeper into data trends.
  • Detail-oriented with a disciplined approach to documentation and data quality.
  • Ability to connect contractual wording, operational processes, and data structures.
  • Clear communicator; collaborative, team-oriented mindset with ownership.

Nice to Have

  • Exposure to AI/ML tools in a data context, such as:
  • Integrating AI services via APIs for anomaly detection or text extraction.
  • Applying basic ML techniques for operational or portfolio insights.

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 with Meeting-Free lunch hours and Focus Friday afternoons
  • 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 5% 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

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.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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