Top Benefits
About the role
Job Description
What is the opportunity?
This position is responsible for prudent management of reinsurance within the insurance businesses of RBC, oversight and due diligence of reinsurers including counterparty credit limits with the enterprise and ensure reinsurance contracts (“treaties”) deliver the anticipated results by negotiating contracts that deliver the anticipated benefits. This role will also provide advice & counsel to business partners in the ongoing management of the reinsurance portfolio. This position will collaborate closely with reinsurance counterparties, operation and pricing teams to carry out the mandates.
What will you do?
- Accountable for due diligence and review / selection of reinsurers in accordance with the Reinsurer Selection Framework and produces annual report for senior management
- End-to-End reinsurance placement includes, but is not limited to, reinsurance narrative, exhibits, portfolio analysis, reinsurance broker management, risk / opportunity identification, retention analysis, limit analysis and providing recommendations for placement
- Accountable for ensuring that treaties, including Letters of Intent (“LOI’s”), recaptures, terminations, innovations, and other such amendments, are completed on a timely basis
- Maintenance of records for all reinsurance treaties which includes responsibilities for the system where documents reside
- Responsible for various reinsurance reporting
What will you need to succeed?
Must have:
- 5+ year’s reinsurance experience preferably with a reinsurer or in a corporate role at an insurer with particular emphasis on handling all aspects of reinsurance placements
- Strong working knowledge of life business regarding the reinsurance marketplace, regulatory practices, contract wordings, rating agencies, accounting and administration
- Knowledge of life direct insurance operations, including administration, underwriting and claims
- Strong negotiation, problem solving and collaborative leadership skills,
- Strong written and verbal communication skills. Ability to work in a constantly evolving environment
- Post-Secondary Education – Business
Nice to have:
- Reinsurance / Insurance Committee Membership
- Insurance Designations such as Fellow, Life Management Institute (FLMI) or Associate, Reinsurance Administration (ARA)
What's in it for you?
- A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
- Competitive pay and high-earning potential
- All the tools, training, and team support you need to grow your career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity
RBC Insurance is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
Job Skills
Adaptability, Customer Service, Decision Making, Effectiveness Measurement, Insurance Operations, Process Management, Strategic Thinking, Time Management
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
Mississauga
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
INSURANCE
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-06
Application Deadline:
2025-10-25
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Top Benefits
About the role
Job Description
What is the opportunity?
This position is responsible for prudent management of reinsurance within the insurance businesses of RBC, oversight and due diligence of reinsurers including counterparty credit limits with the enterprise and ensure reinsurance contracts (“treaties”) deliver the anticipated results by negotiating contracts that deliver the anticipated benefits. This role will also provide advice & counsel to business partners in the ongoing management of the reinsurance portfolio. This position will collaborate closely with reinsurance counterparties, operation and pricing teams to carry out the mandates.
What will you do?
- Accountable for due diligence and review / selection of reinsurers in accordance with the Reinsurer Selection Framework and produces annual report for senior management
- End-to-End reinsurance placement includes, but is not limited to, reinsurance narrative, exhibits, portfolio analysis, reinsurance broker management, risk / opportunity identification, retention analysis, limit analysis and providing recommendations for placement
- Accountable for ensuring that treaties, including Letters of Intent (“LOI’s”), recaptures, terminations, innovations, and other such amendments, are completed on a timely basis
- Maintenance of records for all reinsurance treaties which includes responsibilities for the system where documents reside
- Responsible for various reinsurance reporting
What will you need to succeed?
Must have:
- 5+ year’s reinsurance experience preferably with a reinsurer or in a corporate role at an insurer with particular emphasis on handling all aspects of reinsurance placements
- Strong working knowledge of life business regarding the reinsurance marketplace, regulatory practices, contract wordings, rating agencies, accounting and administration
- Knowledge of life direct insurance operations, including administration, underwriting and claims
- Strong negotiation, problem solving and collaborative leadership skills,
- Strong written and verbal communication skills. Ability to work in a constantly evolving environment
- Post-Secondary Education – Business
Nice to have:
- Reinsurance / Insurance Committee Membership
- Insurance Designations such as Fellow, Life Management Institute (FLMI) or Associate, Reinsurance Administration (ARA)
What's in it for you?
- A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
- Competitive pay and high-earning potential
- All the tools, training, and team support you need to grow your career
- Flexible work/life balance options
- Sophisticated RBCI software tools to boost your productivity
RBC Insurance is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
Job Skills
Adaptability, Customer Service, Decision Making, Effectiveness Measurement, Insurance Operations, Process Management, Strategic Thinking, Time Management
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
Mississauga
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
INSURANCE
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-06
Application Deadline:
2025-10-25
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.