Accountant - Accounting Operations & Systems

Next Insurance, Inc.; Toronto; Hybrid; CAD 84,000 - 99,000; Full time

Benefits offered by this job

Hybrid work environment

Annual bonus

Health and dental benefits

Wellness program

DC Pension Plan

Time off

Learning & development

Employee Referral Program

Job summary

HSB Canada, part of Munich Re, is seeking an Accountant to support the monthly close, FP&A, and regulatory filings. You will collaborate with Finance, Actuarial Services, and Claims to ensure timely, accurate closing and robust financial insight in a hybrid Toronto-based role.

Qualified candidates hold a commerce degree and CPA designation, with 3+ years in accounting/finance (preferably insurance). Strong GAAP/IFRS knowledge, IFRS 17 assets, and excellent communication are essential.

Qualifications

• Bachelor of Commerce or equivalent from an accredited university.
• CPA designation preferred.
• 3+ years of progressive accounting/finance experience, preferably in the insurance industry.
• Understanding of GAAP and IFRS; IFRS 17 knowledge is asset.
• Strong verbal and written communication and interpersonal skills.
• Ability to prioritize multiple tasks in a deadline-driven environment.
• Strong analytical and accounting skills with high attention to detail.
• Able to work independently with minimal supervision.

Responsibilities

• Month-end close: Ensure all cash entries are processed on a timely basis; Prepare and post claims results; Identify and record related party transactions; Prepare monthly management reports; Perform variance analysis; Complete month-end close per requirements.
• Quarterly/annual reporting: Compile and validate data for P&C filings; Review/validate contingent commission calculations; Summarize underwriting activity for actuaries; Coordinate quarterly IBNR and reserve reviews; Prepare balance sheet reconciliations.
• Backup and other support: Master data maintenance; Support OSFI filings; Participate in finance transformation projects; Ad-hoc management requests.

Skills

Accounting/Finance experience

GAAP IFRS knowledge

IFRS 17 knowledge

CPA / Chartered Professional Accounta

Communication skills

Prioritization

Analytical skills

Independent worker

Education

Bachelor of Commerce or equivalent

Chartered Professional Accountant (CPA)

Job description

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

Primary Objectives:

Reporting to the Manager – Accounting Operations & Systems, the Accountant is responsible for supporting the monthly close process, as well as supporting financial planning & analysis and contributing to various regulatory filings. The Accountant will work cross-functionally with other internal teams including Finance, Actuarial Services, and Claims, as well as other key stakeholders to ensure a timely and accurate closing. The successful candidate will have strong analytical skills, be comfortable with learning new systems and have a solid understanding of accounting.

Job Responsibilities:

• Month-end close:
  • Ensure all cash entries are processed for the month on a timely basis
  • Prepare and post claims results from the policy administration system
  • Identify and record related party transactions
  • Prepare monthly management reports related to claims activity and cash movement
  • Perform financial analysis, investigate variances, and provide explanations
  • Complete month-end close process in accordance with internal and external requirements
• Quarterly/annual reporting:
  • Compile and validate data for P&C filings
  • Review / validate contingent commission calculations
  • Summarize underwriting activity for reporting to internal / external actuaries
  • Coordinate quarterly IBNR and litigation reserve reviews and record the reserve changes
  • Prepare and maintain selected balance sheet account reconciliations
• Backup and other support:
  • Master data maintenance in accounting system
  • Support the submission of OSFI P&C/AMF/BC Filings
  • Participate in finance transformation projects
  • Ad hoc requests from management

Qualifications:

• Bachelor of Commerce or equivalent from an accredited university
• Recognized accounting designation, preferably Chartered Professional Accountant
• 3+ years of progressive accounting/finance experience, preferably in the insurance industry
• Understanding of GAAP and IFRS, knowledge of IFRS 17 is considered an asset
• Excellent verbal, and written communication and interpersonal skills
• Ability to prioritize multiple tasks in a deadline-driven environment
• Strong analytical and accounting skills, high level of attention to detail
• Able to work independently with minimal supervision

Company Benefits:

Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days
• A great compensation package including an annual company bonus
• Competitive company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing – on and off the job
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
• 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
• Employee Referral Program and Recognition Program

Our base salary range for this role is between $84,000 and $99,000 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 an existing vacancy.

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. 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 consult with Human Resources or contact [e-mail] as soon as practical so that suitable accommodations can be arranged.

We thank all candidates for their interest; however only those selected for interview will be contacted.