Senior Financial Analyst, Reinsurance

Aviva; Mississauga; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

Join a forward-thinking company as a Senior Financial Analyst, where you'll play a vital role in delivering excellence in Reinsurance Accounting and Financial Reporting. This position offers you the opportunity to manage specialty reinsurance contracts, liaise with underwriters, and ensure compliance with regulatory requirements. You'll be part of a dynamic team that values initiative and collaboration, with a focus on continuous improvement and professional development. If you're passionate about finance and looking for a role that offers both challenges and rewards, this is the perfect opportunity for you.

Benefits

Annual Bonus

Retirement Savings Plan

Health Benefits

Competitive Vacation Package

Professional Development Support

Corporate Wellness Programs

Qualifications

• 3+ years of accounting experience, preferably in insurance and reinsurance.
• Strong knowledge of IFRS, especially IFRS 17, is essential.

Responsibilities

• Manage accounting for specialty reinsurance contracts and ensure compliance.
• Prepare financial reports and analyze variances for accuracy.

Skills

Communication Skills

Problem Solving

Time Management

Initiative

Accounting Knowledge

Regulatory Reporting

Education

University Degree in Accounting/Finance

Chartered Professional Accountant (CPA)

Tools

Excel

Oracle Fusion

Planning and Budgeting Cloud Services (PBCS)

Financial Consolidation and Close Cloud (FCCS)

Job description

Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence.

We are looking for a Senior Financial Analyst to join our team in order to deliver excellence in Reinsurance Accounting and Financial Reporting on a timely and accurate basis ensuring compliance with regulatory requirements. Come join the Financial Reporting function at Aviva Canada.

Does this sound like your next role? Read on!

What you’ll do:

• Manage end to end accounting for specialty reinsurance contracts produced by Aviva’s Global Corporate and Specialty (GCS) unit;
• Liaise with lead GCS underwriters and Legal team during the development of new business opportunities, providing expert opinion related to accounting and reinsurance;
• For new and existing agreements understand the business requirements and determine the necessary involvement of the reinsurance team, ensure these are clearly documented;
• Identify where the GCS reinsurance agreements are compatible with system automated processes vs where manual accounting steps are required;
• Analyze and monitor collateral requirements based on OSFI rules, using reinsurance data and data received from other departments (actuarial, claims, GCS…);
• Manage accounting timelines for this portfolio and work with others on the GCS reinsurance team to ensure these are met;
• Ensure external reports and data received is good quality and delays are promptly followed-up on;
• Ensure external reinsurers are approved by Aviva Group;
• Prepare and analyze reports and have the ability to investigate and explain variances and raise questions on reasonability of results;
• Prepare reconciliations over assigned accounts (e.g. written and unearned premium);
• Prepare inputs for Financial Reporting related to reinsurance;
• Exercise considerable organizational skills in prioritizing, time management and maintaining proper accounting procedures;
• Identify areas for automation or operational improvements and work with VP of Reinsurance to implement these;
• Assist with responding to queries from other functions, and external parties;
• Produce required ad hoc deliverables as assigned;
• Act as a great teammate with strong initiative;
• Key internal and external collaborators include GCS, Legal, Claims, Actuarial, Tax, Aviva plc Group along with external parties to the RI contracts;
• This role reports to the AVP, Reinsurance – Finance.

What you’ll bring:

• Accounting/Finance related University Degree;
• A Chartered Professional Accountant (CPA) designation or equivalent or working towards a CPA;
• Proficiency in Excel;
• Oracle Fusion, Planning and Budgeting Cloud Services (PBCS) and Financial Consolidation and Close Cloud (FCCS) knowledge is an asset;
• Programming skills are a plus;
• Minimum 3 years of accounting related experience;
• Experience with Property and Casualty insurance operations, reinsurance, accounting and regulatory reporting;
• Knowledge of IFRS, specifically IFRS 17, Insurance Contracts;
• Highly developed communication (written & verbal) and interpersonal skills;
• Excellent organizational and time management skills; sound problem solving skills with capability of multi-tasking;
• Initiative to explore new insights and the ability to empower others to accept progress and change;
• Ability and passion to improve processes while simultaneously delivering under tight timelines.

What you’ll get:

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
• Outstanding Career Development opportunities.
• We’ll support your professional development education.
• Competitive vacation package with the option to purchase 5 extra days off per year.
• Employee driven programs focused on gender, LGBTQ+, origins, diversity and inclusion.
• Corporate wellness programs to support our employees’ physical and mental health.
• Hybrid flexible work model.

Please note that we may use AI tools to help us through the recruitment process. This is a new position which has been posted both internally & externally.

Aviva Canada has an accommodation process in place to provide accommodations for employees with disabilities. If upon commencement of employment you require a specific accommodation because of a disability, please contact your Talent Acquisition Partner so that an appropriate accommodation can be arranged. This process applies throughout your career with Aviva Canada.