Accounting Research Analyst

Allstate Insurance Company; Markham; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading insurance firm in York Region, Markham is seeking a Financial Reporting Team Lead to oversee compliance with IFRS and GAAP standards. The role involves financial analysis, team leadership, and implementing processes for financial reporting. Ideal candidates will have a CPA designation and 3-5 years of experience in financial reporting, preferably in the insurance industry. Join us to make a meaningful impact in a collaborative environment.

Benefits

Career growth opportunities

Workplace accommodations

Community involvement programs

Qualifications

• 3-5 years of experience in financial reporting, preferably in financial services or insurance.
• CPA designation is required.
• Proficiency in accounting software and Microsoft Office.

Responsibilities

• Lead financial reporting controls and investigations.
• Perform financial statement analysis and recommendations.
• Coach and mentor less experienced team members.

Skills

Financial reporting

Accounting principles (IFRS, GAAP)

Analytical skills

Interpersonal communication

Team leadership

Education

Bachelor's Degree in Business, Finance, Accounting

CPA designation

Tools

SAP

Microsoft Office

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

Acts as a team lead and provides subject matter expertise and guidance for the research, analysis, and application of International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) in current and upcoming projects of broad scope and complexity. Provides financial reporting and operations expertise for current and upcoming cross-functional projects and tasks.

Who is Allstate:

Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its “You’re in Good Hands” promise and is proud to have been named a Best Employer in Canada for nine consecutive years. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca.

Through ourEmployee Value Proposition, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.

Role Designation:Hybrid

12-Month Contract

Accountabilities:

Accounting Research and Financial Process Expertise

• Provides subject matter expertise in financial reporting and operations for current and upcoming projects of broad scope and complexity.
• Leads research of IFRS and US GAAP assessments and complex business transactions; applies experience and knowledge to draft accounting policy documents and implement the accounting infrastructure, processes, and financial reporting while ensuring legal and regulatory compliance.
• Synthesizes, monitors, analyzes, and summarizes financial results for leadership decision-making.
• Leads investigations of complex accounting and reporting processes and recommends enhancements.
• Leads discussions to inform internal groups of the financial and operational impact of upcoming changes.
• Proactively assesses, recommends, and challenges accounting policies and implements process improvements.

Financial Statement Analysis

• Performs meaningful financial statement analysis to model and evaluate impacts of changes in accounting treatment for leadership decision-making.
• Conducts detailed sensitivity analysis for leadership decision-making.
• Reviews and communicates recommendations to senior management to influence decision-making.
• Creates new information templates, tracking tools, databases, and retrieval processes for leadership decision-making and to recommend improvements or policy changes.
• Leads ad-hoc projects from initiation to close.
• Researches and remains abreast of current and future developments in IFRS and GAAP standards to address implications and advise on potential oraganizational impact.
• Monitors adherence to current accounting treatments and with standards.
• Assists in reconciling IFRS and US GAAP differences.

Financial Statement Controls

• Leads the development and implementation of financial reporting controls.
• Resolves conflicting data between disparate sources.

Team Leadership

• Acts as a team lead and represents the team with business stakeholders.
• Conducts the first review of ad-hoc analyses produced by other team members.
• Leads and coaches less experienced team members with research, timelines, and integrity and accuracy of assessments.
• Trains less experienced team members (e.g. regulatory filing requirements, the use of templates, tools, databases, and processes, etc.).

Qualifications:

• Requires 3-5 years of related experience with financial reporting, preferably in the financial services or insurance industry.
• Bachelor's Degree in Business, Finance, Accounting, or equivalent experience.
• CPA designation is required.
• Accounting principles (e.g. IFRS, GAAP) and legal and regulatory accounting requirements.

Bonus qualifications:

• Proficiency in System Applications and Products (SAP) or similar accounting software.
• Proficiency in Microsoft Office suite of applications.
• Coaching and mentorship skills.
• Mathematical, financial, and business acumen.
• Interpersonal, oral, and written communication skills.
• Research, analytical, critical thinking, decision-making, and problem-solving skills.
• Project coordination, prioritization, and time management skills with attention to detail.
• Property and casualty (P&C) insurance industry experience is an asset.

Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs.

#LI-KA1

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.