Manager, Reinsurance

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Date: Mar 10, 2026

Location: North York - Toronto, ON (Hybr, CA Wawanesa, MB (Hybrid), CA Kitchener, ON (Hybrid), CA Moncton, NB (Hybrid), CA Edmonton, AB (Hybrid), CA Montreal, QC (Hybrid), CA Ottawa, ON (Hybrid), CA Vancouver, BC (Hybrid), CA Winnipeg, MB (Hybrid), CA Lloydminster, AB (Hybrid), CA Calgary, AB (Hybrid), CA Dartmouth, NS (Hybrid), CA Lethbridge, AB (Hybrid), CA

Company: Wawanesa Insurance

 

Job ID: 9819 


Employment Type: Existing Role 

Working Business Language: English. This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English. 
 

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $130,000 - $160,000. Candidates with salary expectations outside of the range are still encouraged to apply. 

 

About Us
At Wawanesa, we offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto (North York), ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Quebec City, QC, Moncton, NB; Dartmouth; NS. 
 

The Wawanesa Mutual Insurance Company (“Wawanesa Mutual”), founded in 1896, is one of Canada’s largest mutual insurers, with over $3.5 billion in annual revenue and assets of $10 billion (CAD). Wawanesa Mutual, with its National Headquarters in Winnipeg, is the parent company of Wawanesa Life, which provides life insurance products and services throughout Canada, and Western Financial Group, which distributes personal and business insurance across Canada. Wawanesa proudly serves more than 1.7 million members in Canada, and we are home to more than 3,300 employees distributed across the Canadian regions and communities where we operate. We give back to organizations that strengthen communities, donating more than $3.5 million annually to charitable organizations, including over $2 million annually in support of people on the front lines of climate change. We are also proud to be recognized as one of Manitoba’s Top Employers. To learn more visit wawanesa.com. 


We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.
 

Job Overview

Working under minimal supervision, this position is responsible for leading a team in the administration and monitoring of the Corporate Reinsurance Program. The Manager, Reinsurance ensures that all reporting requirements are meet. In addition, the manager oversees the internal catastrophe modelling and liaisons with other departments as required on the model.

Job Responsibilities

  • Administers and monitors the company reinsurance contracts (cost of approximately $100 million).
  • Manages the monthly calculation of ceded recoveries – casualty, catastrophes and facultative.
  • Manages the monthly monitoring of facultative placements by regional branches.
  • Manages the monthly reporting to reinsurers.
  • Monitors of earthquake exposure and alert management of EQ accumulations outside of acceptable range on a quarterly basis.
  • Reports annual reinsurance and earthquake reporting to management.
  • Ensures that the Regulatory earthquake filings are filed with government agencies.
  • Works extensively with external parties such as reinsurers and the reinsurance broker.
  • Works with reinsurance broker on annual catastrophe modelling.
  • Oversees the internal catastrophe modelling.
    Manages the allocation of reinsurance premium
    Performs ad hoc requests from reinsurers
    Identifies and recommends changes to our reinsurance program.
    Remains up to date on all regulatory and legal actions/decisions affecting insurance company operations in general.
    Manages performance of direct reports inclusive of providing professional and technical guidance, and provide regular performance reviews.
    Creates and presents the ceded budget including catastrophe projections annually to senior management
    Performs other duties and projects as assigned

Qualifications

  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
  • Minimum of 5 years of experience in an actuarial, reinsurance, underwriting or claims related role. Previous leadership experience would be preferred.
  • Extensive knowledge of the Property Casualty insurance industry, insurance operations in general and reinsurance required.
  • Excellent communication skills both written and verbal.
  • Excellent analytical and problem-solving skills with the ability to understand context and its impact on all issues.
  • Identifies when something needs to be done and initiates action as required.
  • Develops and implements comprehensive plans that bridge complex issues and span across time.
  • Strong leadership skills with the ability to develop and communicate a vision.
  • Adapts to change effectively.
  • Actuarial exams would be preferred but not required.
  • CIP or ARe designation would be desirable.

#LI-AF1 #LI-Hybrid


Diversity Equity, Inclusion & Belonging

At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people – this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas. 
 

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.
 

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.