Reinsurance Financial Analyst

The Opportunity

Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada.  

If you have experience in reinsurance financial analysis and are looking for a new challenge, we would love to hear from you.  

Zurich Canada is currently looking for a Reinsurance Financial Analyst  to support the analysis, processing, and financial reporting of intermediate to complex reinsurance transactions, ensuring accuracy, compliance with contract terms, and adherence to departmental standards.  

Reporting to the Reinsurance Financial Manager, you 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. You will also provide training and oversight for peers and outsourced vendors, collaborate closely with internal stakeholders and external reinsurance partners, and proactively manage open recoverables and issues within your portfolio.  

 
This is a unique opportunity to build your knowledge and experience for the future in a supportive environment where your voice matters. This posting is for an existing vacancy.  

Zurich Canada uses artificial intelligence–enabled tools to support certain aspects of the recruitment process, including the initial review and screening of applications. Artificial intelligence is not the sole basis for candidate shortlisting or selection. All hiring decisions are reviewed and made by qualified hiring professionals.  

Zurich follows a hybrid work model requiring three days per week of in-person presence, which may include time in the office or market-facing engagements.  

What you will do

- 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.  

Job Qualifications - What you bring to the table

Required:
- 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  
AND
- Experience with Microsoft Office (e.g., Excel, Word, PowerPoint, Outlook)
  

Preferred:
- 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.  

At Zurich Canada, we are committed to pay equity. We determine compensation based on objective criteria such as skills, experience, and internal equity. The salary range for this position is $63,000  - $90,000. This range reflects the expected pay for the role across Canada and may vary depending on factors like office location, specific responsibilities, and individual qualifications. As required by local law, Zurich provides in good faith a reasonable compensation range, but starting salaries may exceed this range based on a candidate’s skills and experience.  

Our Culture

- At Zurich, we are proud of our culture. We are passionate about Diversity, Inclusion, Equity and Belonging (DIEB). We want you to bring your whole self to work, and we want our employees to be reflective of the communities in which we live and work. Our DIEB initiatives are creating an environment where everyone feels welcome.  
- We have a collaborative culture where diversity of thought is valued. We value your input and strive to give our employees the tools they need to make an impact.  
- We care about our employees’ well-being and offer a comprehensive health/benefits plan with varying levels of coverage to suit your specific needs and a competitive total compensation package.  
- We understand how important it is to rest, recharge and do the things you love. At Zurich, all employees receive a minimum of four weeks of vacation per year to do just that.  
- We also understand that employees require time off for personal reasons. Maybe you have an appointment during a workday, a cultural or religious holiday you would like to observe, or you need time off to focus on your mental health. Zurich employees receive four personal days per year to be used at their discretion.  
- We are committed to continuous improvement and offer access to a comprehensive range of training and development opportunities.  
- We care about our communities. Our communities are where our customers, people, and shareholders live and work. While we can be proud of the contribution to society Zurich makes through our core business of insurance, we must also give back to our communities through our talent, time and resources.  
- We have won numerous awards for our workplace culture. We are proud to be one of Greater Toronto’s Top Employers and to have received Insurance Business Canada’s 5-Star Diversity, Equity and Inclusion Award. 
 

Make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.   

About Us

Zurich Canada is part of the Zurich Insurance Group, a multi-line insurer with approximately 55,000 employees worldwide serving customers in global and local markets. Zurich Canada has been a leading insurance provider serving mid-sized and large companies, including multinational corporations, in the Canadian commercial market for 100 years. With over 650 employees in offices across the country, Zurich offers the global strength of a top insurance provider combined with in-depth knowledge of industries and local markets. Zurich Canada aspires to be risk management professionals’ first choice as their premier partner to help meet the risk challenges of today and tomorrow. Read more at www.zurichcanada.com.