Accounting Specialist, Reinsurance

Intact Financial Corporation; Montreal (administrative region); On-site; CAD 87,000 - 107,000; Full time

Benefits offered by this job

Flexible work arrangements

Hybrid work model

Extra days off (5)

Wellbeing benefits

Employee share plan

Job summary

Intact Financial Corporation in Montreal is seeking a highly skilled Reinsurance Accounting Specialist to join our dynamic reinsurance finance team. You will handle complex accounting and reporting, contribute to closing activities, and help standardize controls to improve accuracy.

The role focuses on SME development, month- and quarter-end processes, and collaboration with treasury and capital teams. Strong problem-solving, initiative, and teamwork are essential, as is bilingual communication

Qualifications

• CPA designation or equivalent combination of education and experience.
• 5–8 years of relevant accounting experience in IFRS and finance.
• Knowledge of P&C insurance/reinsurance industry is an asset.
• Demonstrated ability to learn quickly and adapt to change.
• Discipline, autonomy and professionalism.
• Strong oral and written communication and interpersonal skills.
• Bilingualism required for candidates in Quebec.

Responsibilities

• Perform reinsurance accounting and reporting during month-end and quarter-end, from journal entries to analysis.
• Manage collateral and settlements with reinsurers; coordinate with treasury and capital teams.
• Prepare financial statements disclosures and regulatory reporting (Pc1).
• Provide insights and recommendations on reinsurance results to leadership.
• Implement and improve key controls to ensure high-quality results.
• Collaborate with multiple stakeholders to align month-end closing processes.

Skills

Attention to detail

Strong communication

Teamwork

Problem solving

Education

CPA or equivalent

Job description

Our employees are at the heart of everything we do. Together, we help people, businesses, and society prosper in good times and be resilient in bad times.

Our employee promise represents Intact’s commitment to you in exchange for living our Values, striving to do your best work, being open to change and investing in your career. In return, we promise to provide support, opportunities and performance-led financial rewards at a workplace where you can shape the future, win as a team and grow with us.

Pay at Intact is about much more than just salary.

• Flexible work arrangements and a hybrid work model
• Possibility to purchase up to 5 extra days off per year
• Multiple benefits offered to support physical and mental wellbeing, including telemedicine, Wellness account and much more
• Share plan & other savings: up to 12% of salary or even more (ask how you could earn guaranteed income for life)

Salary range (but not limited to):

87,200 - 106,600

Annual bonus target, based on the base salary, with a potential payout of up to double the target (subject to personal and company performance):

10%

As part of our commitment to Win As A Team, we share our success with employees through our annual bonus plan and Employee Share Purchase Plan (ESPP) – with Intact matching 50% of your net shares.

Our pension offerings provide flexibility and long-term security for our employees beyond their careers. We are one of the few companies offering the opportunity to receive guaranteed income for life via our defined benefit pension plan.

Salary for the candidate will be determined taking into consideration a number of factors including: experience, skills, qualifications, anticipated contribution to role, internal equity, etc. The salary range presented above is based on a 35-hour workweek and would represent a majority of different candidate profiles. However, we encourage candidates who may fall outside of this range to apply as well.

About the role

Join our team and be part of the excitement.

We are seeking a highly skilled, talented, and detail-oriented Reinsurance Accounting Specialist to join an innovative environment where creativity knows no bound. As a key member of the dynamic reinsurance finance team, you will play a crucial role in participating in complex reinsurance accounting activities and contributing to improve closing activities. Your expertise will be pivotal in simplifying and standardizing controls to elevate our reporting and accounting processes.

If you are passionate about making a difference, thrive on challenges and want to work with a team that value fun as much as hard work, this is the opportunity for you. Embrace the energy, ignite your passion and let’s create something extraordinary together.

In this role you will be participating in the accounting and reporting cycle of reinsurance activities. We are aiming to find and develop a candidate that will become a Subject Matter Expert (SME) for the Reinsurance Finance team and will be involved in various streams of the accounting and reporting where the finance department expertise is required.

You succeed at what you do because:

• You are concise and a specialist in complex problem solving.
• You drive for continuous improvement and challenge status quo.
• You are truly versatile, ingenious, and innovative.
• You show initiative, interest to learn and to understand processes.
• You are an ace of teamwork, interpersonal skills, communication, and tact.
• You have a great ability to organize and prioritize workload.

What you’ll do here, as a member of the accounting and reporting team:

• Perform reinsurance accounting and reporting activities during month-end & quarter-end from the preparation of reinsurance journal entries to providing monthly or quarterly analysis to validate reinsurance result and perform appropriate control to ensure the accuracy of the financial results under your responsibility.
• Reinsurance claims collection and update statement of account to be distributed to client. Apply cash or payment received to the appropriate reinsurers/brokers to maintain accurate balance with external parties.
• Manage required collateral from reinsurer and collaborate with the treasury and the capital team to maintain appropriate level of capital.
• Perform key account reconciliations to ensure accuracy and completeness of the reinsurance balance and perform reinsurance settlement with key reinsurers.
• Participate in the preparation of the financial statement disclosure as well as in the preparation of the regulatory reporting (Pc1) for the insurance regulators.
• Provide insight and recommendations to your leader about reinsurance result.
• Ensure to implement, perform and improve all key controls to ensure high quality of improvement provided to our leader.
• Collaborate with multiple stakeholders to ensure alignment in the month-end closing process.
• Evaluate current process and propose recommendation to be more efficient, less manual to be more efficient and provide more quick result and insight.

Requirements:

• Professional accounting designation (CPA), or an equivalent combination of education and experience
• A minimum of 5 to 8 years of relevant experience in accounting, IFRS accounting standards and finance
• Knowledge of the P&C insurance/reinsurance industry is an asset
• Demonstrated experience in fast learning environment requiring agility and adaptability to change.
• Discipline, autonomy and professionalism.
• Strong oral and written communication and interpersonal skills.
• Can interact with various people at all levels of the organization, including management and some external stakeholders.
• For candidates located in Quebec, bilingualism is required considering the necessity to interact on a regular basis with English-speaking colleagues across the country.

#LI-Hybrid

Il s'agit d'un nouveau rôle au sein de notre équipe en pleine croissance | This role is a new member of our growing team.

We are an equal opportunity employer

At Intact, our Value of respect is founded on seeing diversity as a strength. We strive to create an accessible workplace where employees feel valued, included and encouraged to share their unique perspectives.

We encourage applications from individuals who are members of equity-deserving groups, including but not limited to women, Indigenous peoples, persons with disabilities, Black people, and members of the 2SLGBTQI+ community.

As part of Intact’s commitment to reconciliation, we acknowledge that we work, meet and travel across the land currently called Canada, originally inhabited by First Nations, Metis and Inuit people. This history extends through many centuries and continues to evolve today.

We have policies to ensure equal access and participation for people with disabilities, including providing workplace adjustments (accommodations). A copy of applicable policies is available on request.

If we can provide a specific adjustment to make the recruitment process more accessible for you, please let us know when we reach out about a job opportunity. We’ll work with you to meet your needs.

Learn more about our recruitment process and your candidate journey here.

Please note that Intact does not provide sponsorship or other support for immigration-related matters including but not limited to employer-specific closed work permits. Candidates must be eligible to work in Canada from the anticipated start date and throughout their employment and are solely responsible for maintaining their work eligibility.

If you are an employee of Intact or belairdirect, please apply for this role on Internal Career Site.