Finance Manager, 3002

Hannover Re; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading reinsurance company in Toronto is looking for a Finance Manager to lead the Accounting and Finance team. This full-time role involves overseeing technical accounting processes, ensuring accurate financial reporting, and managing a team of accountants. Candidates should have a Bachelor’s degree in a related field and at least 7 years of experience in the P&C insurance or reinsurance industry. A CPA designation and knowledge of IFRS17 are preferred. Join a diverse team in a dynamic work environment.

Qualifications

• Minimum 7 years accounting experience in the P&C insurance or reinsurance industry.
• CPA or equivalent designation preferred.
• Strong knowledge of IFRS, particularly IFRS17.

Responsibilities

• Lead day-to-day operations of the Finance team.
• Oversee and manage technical accounting processes.
• Ensure compliance with internal and external financial standards.

Skills

Technical accounting knowledge

Communication skills

Customer focus

Problem-solving abilities

Education

Bachelor’s degree in Finance, Business, Accounting or related field

Tools

SAP

MicroStrategy

Power BI

Job description

Hannover Re Canada is seeking a Finance Manager to join our Accounting and Finance team in our Canada office on a permanent, full‑time basis. If you are a talented senior accounting professional with a strong track record of delivering exceptional results and driving strategic change, we would love to meet you.

This role will lead our technical accounting processes and oversee the preparation of balance sheets, income statements, and related financial reports ensuring accuracy, transparency, and full compliance with internal and external standards. You will play a pivotal role in strengthening internal controls, managing reconciliations, and contributing to audits and key group initiatives.

As the Finance Manager, you will lead and oversee the Finance team, comprised of four technical accountants and two financial accountants, and report directly to the Branch CFO.

Duties & Responsibilities

• Provide day‑to‑day leadership and oversight of the Finance team, including review of deliverables and ongoing coaching and development.
• Oversee the technical accounting process, including second or third sign of accounts.
• Understand movements/developments and how they impact the Branch and its solvency.
• Manage all aspects of quarterly financial close including the preparation of statements, commentaries, and supporting documentation for Group Reporting as well as OSFI Reporting.
• Participate in the set‑up, execution, and documentation of internal control processes relating to financial reporting requirements, including maintaining and updating process documentation.
• Reviewing and interpreting balance sheets, income statements, and reconciliation reports to ensure accuracy and consistency.
• 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.

Educational Background

• Bachelor’s degree in Finance, Business, Accounting or other related field.

Experience & Qualifications

• Minimum 7 years accounting experience in the P&C 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 are #somewhatdifferent – people with their own stories, experiences, and career paths. Everyone is welcome! Apply with just one click on the “Apply now” button and become part of our diverse team!

More on our work environment, your entry opportunities, and development prospects can be found at www.hannover-re.com/en/career.