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Reinsurance Financial Analyst

Job in Toronto, Ontario, C6A, Canada
Listing for: Zurich Canada
Full Time position
Listed on 2026-06-14
Job specializations:
  • Finance & Banking
    Financial Analyst, Risk Manager/Analyst, Underwriter
  • Insurance
    Financial Analyst, Risk Manager/Analyst, Underwriter
Salary/Wage Range or Industry Benchmark: 63000 CAD Yearly CAD 63000.00 YEAR
Job Description & How to Apply Below
Opportunity
The Reinsurance Financial Analyst will 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 identify, calculate, record, report, and settle reinsurance premiums and losses, reconcile complex reinsurance activity, and maintain high‑quality financial and underwriting data. You will 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.

What you will do

Identify, calculate, record, report, and settle reinsurance premiums and losses in relation to contract terms and department standards.

Handle moderate to high complex reinsurance claims, ensuring timely follow‑up.

Reconcile complex reinsurance activity, identify issues, coordinate resolution, and take corrective actions as directed.

Update financial, underwriting, and claim systems to reflect accurate reinsurance information.

Prepare and analyze internal and external reinsurance reports, review trends, anomalies, and reconcile key data sources.

Provide training and oversight review for outsourced vendor accounts assigned to peer accounts.

Communicate with supervisors, reinsurers, customers, and representatives from other departments.

Ensure accurate, 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.

Meet established policies, procedures, and operating standards for all assigned responsibilities.

Lead relationship management and communication with internal business partners and external reinsurance customers within your area of responsibility.

Provide ongoing workflow status, risk assessment, and issue insights to Group Reinsurance management and stakeholders.

Job Qualifications - What you bring to the table
Required

Bachelor’s Degree and 4 or more years of experience in reinsurance, insurance, or finance.

Experience with Microsoft Office (Excel, Word, PowerPoint, Outlook).

Preferred

Intermediate knowledge of reinsurance contracts.

Intermediate knowledge of reinsurance claim recoverable processes and link to direct claim processing.

Experience in accounts receivable/payable and account reconciliation.

Technology experience related to general ledger, financial reporting systems, Business Objects or other reporting tools.

Strong verbal and written communication skills, with the ability to explain complex information clearly to a variety of stakeholders.

Pay and Benefits
The salary range for this position is $63,000 – $90,000. Zurich Canada provides a comprehensive health and benefits plan with competitive total compensation. The company offers a minimum of four weeks of vacation per year and four personal days per year to support employee well‑being.

Culture
Zurich values diversity, inclusion, equity and belonging. The company promotes a collaborative culture where diverse thought is valued, offers a comprehensive health/benefits plan, and supports continuous learning and development opportunities.

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