Elevate your career as a Senior Underwriter in Life and Health! Leverage your underwriting expertise in a hybrid work environment to assess and manage facultative risks effectively.
In this critical role, you will report to the Chief Underwriting Officer and apply strong judgement in evaluating risks referred by clients. Ideally positioned for candidates with 8 years of underwriting experience, you'll enhance client relations and support corporate goals. An entrepreneurial spirit is key as you work closely with senior-level clients and cross-functional teams.
Key Responsibilities:
• Assess facultative cases within approval limits of $1-$3 million
• Provide technical support and informed opinions to clients
• Maintain and update client underwriting requirements
• Conduct client audits for compliance with risk profiles
• Represent the branch at industry workshops and meetings
Requirements:
• Minimum 8 years of life underwriting experience
• University degree in business, finance, or economics
• FLMI, AALU, or FALU designation favorable
• Strong communication skills for stakeholder engagement
• Self-sufficient, flexible, and efficient workload prioritization
Excel as a Senior Underwriter by leveraging your expertise in life insurance, building strong client relationships, and supporting operational efficiencies.
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A global reinsurance provider is seeking a Senior Underwriter in Toronto to evaluate facultative risks and deliver high-quality service. Candidates should have a strong background in life underwriting with over eight years of experience. The role involves collaboration with senior clients and teams to ensure client service standards while supporting strategic initiatives. A competitive salary range from CAD 90,000 to 105,000 is offered as part of the compensation package. #J-18808-Ljbffr
Shape Your Future With Us
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000employees worldwide.It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re currently offers an excellent opportunity for a
Senior Underwriter
to work in the Gen Re Life and Health operations based in our Toronto office. Preference will be given to those candidates in the Toronto or Kitchener-Waterloo areas. This is a hybrid role.
Role Description
Reporting to the local Chief Underwriting Officer, the Senior Underwriter will be responsible for applying sound underwriting judgement in evaluating facultative risks referred by client companies. The successful candidate must have the capacity for the timely turnaround of cases which meet agreed client service standards and ensure that the highest quality of service delivery is met.
The successful candidate should possess the motivation and aptitude to assume more strategically focused responsibilities in the longer term. It is critical that the Underwriting Consultant be attracted to the prospect of working in an entrepreneurial environment and that he/she possesses the communication skills and confidence necessary to engage, on a daily basis, with senior level clients and colleagues. He/she will play a critical role in raising the profile, as a member of “the Company’s” service offerings in Canada and supporting its corporate objectives.
Key Responsibilities include:
Provide sound underwriting judgement on all facultative cases, within approval limits, while holding signing authority of $1 to $3 million.
Respond to client queries by providing technical support, informed opinions and general counsel as a trusted partner and underwriting SME.
Develop and maintain effective working relationships with clients through daily communication and by visiting them at their home offices.
Regularly update and maintain the most current underwriting requirements on behalf of clients.
Provide support for Actuarial, Administrative and Marketing departments and periodically work on ad hoc inter‑departmental projects.
Periodically undertake client audits to ensure adherence to agreed customer risk profiles, underwriting policies, and operational processes.
Contribute to initiatives that improve operational efficiencies, mitigate enterprise‑wide risk, and ensure that the standards of underwriting and auditing policies are met.
Represent the Branch at national and regional underwriting meetings, conferences, and industry workshops.
Keep abreast of evolving underwriting practices and consistently research industry trends, sharing valuable learnings with the Chief Underwriting Officer and the rest of the senior leadership team.
Document and present the results of client visits to the senior leadership team as necessary.
Establish, promote, and develop effective business relationships with internal colleagues.
When directed can support the review of contestable claims.
Role Qualifications and Experience
University level education ideally in a business, finance or economics-related discipline, combined with at least 8 years of underwriting experience with expertise in life underwriting and preferably with both critical illness & disability underwriting.
FLMI, AALU or FALU designation is desirable, or underway, or a commitment to immediately undertake skills and leadership training and accreditation.
Proven track record in managing underwriting and client management responsibilities effectively, ensure the highest quality of performance and professional service.
Refined verbal and written communication skills with ability to articulate complex information to internal and external stakeholders in a clear, concise and focused manner.
A self‑sufficient and resourceful underwriting professional who demonstrates flexibility, efficient time management skills and the ability to prioritize.
Adheres to internal procedures and policies and performs all duties with goal of maximizing shareholder value.
Acts as a role model within and outside the organization and espouses its goals and values, promoting best practices and actively seeking ideas and diverse perspectives.
Holds high standards of integrity, loyalty and commitment and is adept in earning the trust and confidence of colleagues and clients.
A self‑sufficient and resourceful underwriting professional who demonstrates flexibility, efficient time management skills and the ability to prioritize workloads.
Salary Range
90,000.00 - 105,000.00 CAD
The successful candidate will be paid a competitive compensation package, commensurate with the level, status and responsibilities of the role.
Our Corporate Headquarters Address
General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
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Shape Your Future With Us
General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 38 offices, we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re currently offers an excellent opportunity for a
Valuation Actuary - Individual Life
to work in the Actuarial unit based in our Toronto office. Preference will be given to those candidates in the Toronto area. This is a hybrid role.
Role Description
We are seeking a recently qualified ASA or ACIA with a minimum of 2 years’ experience to join our team as an Individual Life Valuation Actuary. In this role, you will be responsible for performing actuarial valuations and analyses related to individual life, group and health insurance products across Canada and the US. You will contribute to the accurate assessment of reserves, financial projections, and other actuarial outputs. This role reports to the lead actuary for US and Canada Reporting Team and offers the opportunity to work closely with cross-regional teams to ensure alignment on project goals and deliverables as part of the CASLH valuation team.
Responsibilities
Assistwith financial reporting on a US GAAP(including LDTI)andIFRS17 basis.
Assistwith regulatory reporting for US STAT,LICATand Solvency II.
Development and maintenance of actuarial tools and models to analyze actuarial data to enhance management reporting, financialreportingand regulatory reporting.
Analyze and interpret data to assess the profitability, risks, and performance oftheCanada individual lifeinsurancebusiness.
Stay updated with industry trends, emerging practices, and regulatory changesimpactingCanadainsuranceindustry, and provide insights and recommendations to stakeholders.
Participate in the preparation of financial statements, reports, and presentations related tothe valuation ofindividual lifeproducts.
Draft the annual Appointed Actuary’s report and run dynamic capital adequacy testing.
Engage in actuarial research and analysis to enhance the accuracy and effectiveness ofindividual lifeinsurance valuations.
Automation of models and business processes.
Support model governance activities including change management, control testing, and audit requests.
Role Qualifications and Experience
Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field.
Demonstrated progress in passing SOA sponsored actuarial examinations on the pathway to becoming a credentialed actuary (ASA or FSA) or progress toward ACIA/FCIA via the Canadian actuarial pathway).
Knowledge of US statutory, US GAAP, IFRS 17 and LICAT requirements and industry best practices, and other relevant insurance reserve methodology and requirements.
Proficiency in actuarial modeling software, preferably GGY-AXIS.
Strong technology skills including Microsoft Excel, Microsoft Access, and SQL.
Excellent analytical and coding skills, preferably in Python or R, proficiency in analytical and reporting tools such as Power BI, a plus.
Effective communication skills, both verbal and written, to convey actuarial concepts and findings to both technical and non-technical stakeholders.
Attention to detail, with a commitment to accuracy and quality in actuarial valuations and analyses.
Strong organizational and time management abilities to handle multiple tasks and meet project deadlines across both US and Canada reporting cycle.
Ability to work with minimum supervision, proactively identifying process improvement.
Consistent pursuit of excellence in execution and delivery.
Self‑motivated with a flexible attitude and enthusiasm for the role.
Able to work under pressure to meet internal and external deadlines.
Interest in long‑term development across valuation, financial reporting, and capital management in a multi‑framework reporting environment.
Salary Range
80,000.00 - 140,000.00 CAD
The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Our Corporate Headquarters Address
General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)
At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.
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A leading reinsurance firm is seeking a Valuation Actuary in Toronto to perform actuarial valuations and analyses related to individual life and health insurance products. The role requires a qualified ASA or ACIA with a minimum of 2 years of experience. You will contribute to financial projections and regulatory reporting while developing actuarial tools. This hybrid position offers a salary range of CAD 80,000 - 140,000 based on expertise. Join a diverse team committed to inclusivity. #J-18808-Ljbffr
Join a dynamic team as a Valuation Actuary in a hybrid role. Engage your skills in actuarial valuations and regulatory standards for individual life insurance across Canada and the US.
We're seeking a qualified ASA or ACIA with 2 years of experience to handle complex valuations and analyses. You'll be integral in ensuring accuracy in reserves, financial projections, and cross-regional collaboration to meet project objectives and deliverables effectively.
Key Responsibilities:
• Conduct US GAAP and IFRS17 financial reporting
• Help prepare LICAT and Solvency II reports
• Create and maintain actuarial models for data review
• Analyze performance and risks in the individual life market
• Draft the annual Appointed Actuary’s report
Requirements:
• Bachelor’s in Actuarial Science, Mathematics, or a related field
• Progress towards ASA or ACIA credential
• Familiar with US regulatory and reporting standards
• Proficient in actuarial software, especially GGY-AXIS
• Strong analytical skills and familiarity with Python or R
Capitalize on your actuarial expertise to contribute to efficient financial reporting and enhance the valuation process in a collaborative, innovative environment.
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