HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging, and technology-based risks. We dare to think big, and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.
HSB is much more! It’s insurance. Engineering. Technology. To learn more about us, please visit www.hsb.ca
The Manager, Contracts and Ceded Reinsurance plays a critical role within HSB Canada's Corporate Underwriting team. This position is responsible for the full lifecycle management of direct, assumed, and ceded reinsurance contracts, and serves as the primary contract authority across the organization. The Manager drives contract strategy, ensures regulatory compliance, leads negotiations, and partners with internal business units to support new product development, business initiatives, and partnership agreements. This position reports to Assistant Vice President Corporate Underwriting.
Contract Lifecycle Management
Oversee end-to-end lifecycle management of all direct, assumed, and ceded reinsurance contracts, policy forms, and related legal documents handled by the group.
Ensure the timely drafting, review, execution, and renewal of contract terms and conditions in alignment with HSB Canada and Munich Re standards, regulatory requirements, and document retention policies.
Maintain an accurate and up-to-date repository of all contracts, tracking key milestones, expiration dates, and renewal obligations.
Leadership & Stakeholder Engagement
Act as the lead (re)insurance contract representative for HSB Canada, engaging with executive leadership, business unit heads, external partners, clients, and reinsurers.
Build and maintain trusted relationships with internal and external stakeholders, providing clear and effective communication on contract matters, risks, and obligations.
Contribute to cross-functional project teams, providing subject matter expertise on contract structure, terms, and risk considerations.
Post-secondary education in law, business, insurance, or a related field; a legal background is preferred
Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.
We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:
Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
Our base salary range for this role is between $142,650 and $166,425 per year , plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.
This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for a new vacancy.
We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.
Creating and maintaining a work environment that promotes respect, diversity, and dignity is important to us. We strive for equality in our workplace, to eliminate employment barriers, and promote a workplace based on principles which align with our company values and promote positive employee practices. Candidates requiring accommodation during any stage of our selection process should advise us of this; we will strive to work with individuals to find a suitable means to meet their needs.
We thank all candidates for their interest; however, only those selected for interview will be contacted.
