Senior Vice President and Chief Financial Officer, Canada, Life and Health Provides leadership, vision and direction of Munich Re Canada Life Branch (MLMC) finance function performed by Corporate Actuarial, Finance & Accounting, Tax, and regional Corporate Procurement departments.

Leads

Branch capital planning and the overall financial position including outlining the asset and liability strategy and the administration of treasury and liquidity management. Oversees all financial information related to valuation, solvency and planning issues, internal and external financial reporting, monitoring the performance of the company and its ability to meet future obligations. Contributes to Munich Re’s strategy and success at an executive level in order to achieve the vision and business plan of Munich Re Canada (Life).

Continually briefs the senior management team on key industry trends and future influences so that they are knowledgeable and prepared when discussing future industry direction.

Represents Munich

Re at external associations, industry functions, working groups and authorities with the aim to raise the profile of MLMC with regard to its services, products and support in the Life Insurance market. As required, serves on Boards of Directors, committees and other corporate governance roles.

Finance Responsibilities

Responsible for all regulatory functions related to external authorities (OSFI, FSCO, AMF) including the Branch’s Regulatory Capital Plan. Manages the orderly and timely preparation of all local regulatory required reports and documents for submission including all necessary reinsurance-specific and financially-related figures, data and statistics about the Branch. As the CFO of the Management Company MLMC; Communicates capital needs with Home Office, as well as manages the overall financial position including outlining the asset and liability strategy and the administration of treasury and liquidity management.

Leads discussions concerning accounting, financial reporting, treasury and taxation matters, as required. Establishes and maintains effective Financial Reporting and Valuation teams to ensure the timely delivery of quality financial reports, including commentary and analysis for the Life and Health business of the Canadian Life Branch. Oversees the sound management of a successful Finance and Accounting team responsible for the day to day administration and accounting of premium receipts, and claim expense activities.





Ensures the delivery of information and reports required by Home Office as part of the management and reporting of the reinsurance division; collaborating closely with the central teams responsible for reserving, accounting and controlling. Spearheads all activities related to any Group-wide finance and regulatory projects for the Branch. Consults and supports the business line Executives in the preparation of quote-proposals, as a basis for new treaties and treaty negotiations, ensuring the terms and conditions of risks comply with corporate regulations for the Branch’s life business with a view to profitability, growth, market conditions as well as client requirements.

Oversees the investment manager (MEAG NY). and implications on tax, foreign jurisdiction and issues concerning capital position ratios. Oversees the sound management of all regulatory and home office compliance functions. Governance and Tax Management Manages the government international and domestic tax audits maximizing efficiency and effectiveness; Manages all tax legal matters to resolution (Items in Appeals/Courts).

Develops relationships and partnerships with stakeholders at all levels within Munich Re to effectively manage the delivery of tax and other project services. Coordinates the development of the Business Plan according to the annual planning process requirement of Home Office. Ensures alignment of business strategy amongst all lines of business, according to the overall MLMC Business strategy and Home Office direction.

Provides regular updates to Home Office on the development of MLMC strategic initiatives. Participates actively in the development and implementation of strategic and growth initiatives. Supports all innovation activities by providing financial reporting and corporate oversight for the respective companies.

Supports related corporate finance activities, e.g. capital planning or M&A.; Establishes controlling processes for non-insurance activities. Ensures all employees have a transparent understanding of corporate,



departmental and individual priorities and have challenging work and opportunities.

Minimum of 5 years’ experience as Senior Financial Executive. FSA designation, Professional Accounting designation optional. Proven ability to create, develop and implement creative financial management strategies.

Solid experience coordinating audit activities and managing reporting, budget development and analysis.

Experience representing company interests to government agencies, funding agencies and/or general public. Together, we engage with everything we have and are, to help humankind act braver and better. As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance.

By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.

We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance. We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. A hybrid work environment that combines weekly in-office and remote days A great compensation package including annual company bonus Market leading company-paid flexible health and dental benefits, starting on your first day Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account Immediate participation in DC Pension Plan with an automatic employer contribution, plus optional company match Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days Maternity, Parental & Adoption Leave top-up program This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model.

Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.

📌 Directeur des Finances - Secteur de la Santé (Toronto)
🏢 Munich RE
📍 Toronto