AVP, Reinsurance Solutions

Application Deadline: 09/17/2026 Address: 250 Yonge Street Job Family Group: Customer Solutions #bmoinsurance Reporting to the Head, Reinsurance and Strategic Initiatives, the AVP, Reinsurance Solutions is accountable for developing and executing the reinsurance strategy, managing all Reinsurance relations and Reinsurance related initiatives, which includes leading all Reinsurance RFPs (Request for Proposals), negotiating pricing and parameters with reinsurers to help drive profitable growth for BMOLA and execution of reinsurance treaties. In addition, the incumbent will drive other initiatives including monitoring and analyzing our mortality slippage. The incumbent will also have accountability for the Reinsurance Administration team. Core Responsibilities: Drive strategic reinsurance initiatives to drive profitable outcomes. Manage the design, development, implementation, reporting and change management of the initiatives. Review, analyze and present conclusions, recommendations and findings to Senior Management. Assess mortality slippage on our Accelerated Underwriting program on a regular basis, including regular monitoring. Collaborate with underwriters regularly to monitor our Accelerated Underwriting program. Understand our predictive models and assess its impacts to mortality slippage. Provide valuable feedback and guidance on any new predictive models. Manage end to end process of all reinsurance RFPs, including proposing reinsurance structure and framework while providing supporting analysis, communicating effectively with all reinsurers, ensuring appropriate understanding of BMOLA’s business and providing subject matter expertise on BMOLA products, business rules, experience data, distribution, illustrations and other information pertinent to a reinsurance transaction. Establish strong relationships with Reinsurers and be the primary contact for all Pricing and Treaty queries. Conduct reinsurance negotiations to support overall business operations and to drive profitable business growth including execution of treaties. Support all Risk Committee and Board reporting relating to Reinsurance. Manage all reinsurance treaty and amendment negotiations with support from internal stakeholders. Leveraging data and analytics to deepen knowledge and optimize business decisions. Partner with Finance, Actuarial, Risk teams to identify and implement reinsurance initiatives to reduce capital and to increase earnings. Manage the Reinsurance Administration team to ensure accurate treaty implementation, reporting and compliance with contractual obligations. Establish governance and controls supporting reinsurance activities and related financial reporting and ensure compliance with regulatory and internal requirements while ensuring continuous improvement in processes. Lead issue resolution and escalation management involving reinsurance partners and internal stakeholders. Qualifications: University degree in actuarial science. FSA/FCIA designation with applied actuarial skills in insurance and reinsurance. A minimum of 7 years of relevant experience in an individual life pricing or reinsurance role. Previous experience in pricing individual life products is preferred. In-depth knowledge of insurance products and channels, and regulatory requirements. Strong verbal and written communication skills. Strong attention to detail. Solid organizational and project management skills. Self-starter and demonstrated initiative, autonomy and accountability. In-depth knowledge of Reinsurance and practical knowledge of IFRS17. Salary : $85,500.00 - $185,000.00 Pay Type: Salaried The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position. BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: About Us At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world. As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset. To find out more visit us at . BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter. Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.