Assistant Vice President of Finance

Hannover Rückversicherung AG; Toronto; Hybrid; CAD 110,000 - 160,000; Full time

Benefits offered by this job

Birthday half-day off

Annual incentive program

Hybrid work model with flexible hours

Professional development and career-op

Inclusive, collaborative culture

Job summary

Hannover Re Canada seeks an experienced Assistant Vice President of Finance to lead our Canadian Accounting and Finance team. You will supervise technical accounting, prepare financial statements, and ensure compliance with internal, regulatory, and external reporting standards.

The role drives internal controls, supports audits, and collaborates with stakeholders on Group initiatives. A CPA and IFRS17 knowledge are preferred, with a hybrid work model and strong development opportunities.

Qualifications

• 7+ years of progressive accounting experience in property and casualty insurance or reinsurance.
• Accounting designation (CPA or equivalent) preferred.
• Strong knowledge of IFRS17 and related processes.
• Excellent communication skills with senior management.
• Ability to support business development with accounting analyses of reinsurance solutions.
• Experience with SAP, MicroStrategy, Power BI is advantageous.

Responsibilities

• Provide day-to-day leadership and oversight of the Finance team including coaching and performance management.
• Oversee technical accounting processes and review of accounts.
• Analyze financial movements and assess impact on solvency and reporting.
• Manage quarterly financial close and prepare group reporting and OSFI documentation.
• Maintain internal controls and process documentation for financial reporting.
• Collaborate with internal and external audit teams.
• Lead finance projects to improve end-to-end reporting efficiency.
• Ensure tax accounting arrangements are correct and compliant.

Skills

Leadership

Financial reporting

IFRS knowledge

Communication

Cross‑cultural work

Education

Bachelor's degree in Finance/Business/Accounting

Tools

SAP

MicroStrategy

Power BI

Job description

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Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow. Our strength?Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products. Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next.Sounds good? Get to know us as a reliable employer and find your place with us.

Hannover Re Canada is seeking an experienced Assistant Vice President of Finance to join our Accounting and Finance team in our Canadian Branch on a permanent, full-time basis.

The Assistant Vice President of Finance will lead our technical accounting processes and oversee the prepara-tion and review of balance sheets, income statements and related financial reports, ensuring accuracy, transparency and compliance with internal, regulatory and external reporting standards.

This role will play an important part in strengthening internal controls, managing reconcilia- tions, supporting audits and contributing to key local and Group initiatives. The Finance Manager will also provide day-to-day leadership to a team comprising four technical accountants and two financial accountants and will report directly to the Branch CFO.

You can look forward to

Duties & Responsibilities:

• Provide day-to-day leadership and oversight of the Finance team, including reviewing deliverables and supporting employees’ ongoing coaching, development and performance.
• Oversee technical accounting processes, including the secondary or tertiary review and approval of accounts, as applicable.
• Analyze financial movements and developments and assess their impact on the Canadian Branch and its solvency position.
• Manage all aspects of quarterly financial close including the preparation of statements, commentaries, and supporting documentation for Group Reporting as well as OSFI Reporting.
• Support the establishment, execution and documentation of internal controls relating to financial reporting requirements, including maintaining and updating process documentation.
• Identify and help address risks relating to financial, regulatory and management reporting.
• Helping to identify and address risks relating to financial and regulatory reporting.
• Providing support to the local team in resolving reconciliation issues.
• Liaise and coordinate with both external and internal audit.
• Lead finance projects that focus on process improvement and efficiency across the end-to-end reporting cycle.
• Ensure the appropriate tax accounting arrangements are maintained to allow tax liabilities to be calculated accurately in all material respects.
• Collaborate with local and international stakeholders on Finance and Group initiatives.

We Offer You

• The opportunity to work in a dynamic and global organization.
• Competitive compensation and comprehensive company-paid benefits.
• A half-day of paid time off to celebrate your birthday.
• Eligibility to participate in Hannover Re’s annual incentive program.
• Inclusive, collaborative, and high-performance culture.
• A hybrid work model with flexible working hours.
• Professional development and advancement opportunities.
• Opportunities to contribute ideas, lead improvements and make a meaningful impact.

You come equipped with

Educational Background:

• Bachelors’ degree in Finance, Business, Accounting or other related field

Experience & Qualifications:

• At least 7 years of progressive accounting experience in the property and casualty insurance or reinsurance industry.
• An accounting designation (CPA or equivalent) would be preferred.
• Strong and current technical knowledge of International Financial Reporting Standards (IFRS17 in particular) and processes implementation and development.
• Brings a strong sense of business insight and customer focus, paired with a hands‑on, results‑driven, “can‑do” attitude.
• Ability to support business development efforts with accounting interpretations and analysis of reinsurance solutions provided to cedants.
• Strong verbal and written communication skills including experience working with senior management.
• Exposure to SAP, MicroStrategy, Power BI, or similar reporting tools is an advantage.
• Ability to work effectively in a multicultural environment.
• Applicants must be legally entitled to work in Canada. Please note that we are unable to provide immigration sponsorship for this role.

We offer a competitive hiring range of $110,000 to $160,000, pay will align with skills, knowledge and experience of the candidate.

This posting is for a current active vacancy. We are actively recruiting to fill this position.

We are #somewhatdifferent—people with our own stories, experiences and career paths. We are committed to building an inclusive workplace where individuals with diverse backgrounds, experiences and perspectives are welcomed and valued.

Hannover Re is committed to providing an accessible and inclusive recruitment process. Accommodations are available upon request for candidates participating in all stages of the recruitment and selection process. Candidates who require accommodation may indicate this when contacted regarding the recruitment process.