Financial Accountant

Swiss Re; Toronto; On-site; CAD 60,000 - 75,000; Full time

Job summary

Swiss Re in Toronto, Canada seeks a Financial Accountant to join its Canadian Finance team, focusing on IFRS 17 reporting across Life & Health, and Property & Casualty lines. This role offers hands‑on experience in regulatory capital management and end‑to‑end financial reporting within a global reinsurance organization.

You will support regulatory submissions, automate repetitive processes where possible, and work with cross‑functional teams to resolve data issues, ensuring accuracy and timely

Qualifications

• Bachelor's degree in accounting, finance or related field.
• Actively pursuing CPA designation.

Responsibilities

• Prepare IFRS 17 and other regulatory/internal financial data.
• Reconcile reinsurance cash flow data across source systems.
• Support quarterly capital reporting and forecasting.
• Ensure data accuracy, timeliness, and maintain controls documentation.
• Support regulatory submissions (OSFI, AMF, Statistics Canada) and bank reconciliations.

Skills

Advanced Excel

Automation tools

Education

Bachelor's degree in accounting or finance

CPA designation in progress

Tools

SAP

FPSL

Business Objects

Job description

About The Role

We are seeking a highly motivated and detail-oriented Financial Accountant to join our Finance team supporting the Canadian Branches of Swiss Re, covering Life and Health Reinsurance, Property and Casualty Reinsurance, and Property and Casualty Direct Insurance. This role offers an opportunity to build hands‑on experience in financial reporting under IFRS 17, and regulatory capital management frameworks, working within a global reinsurance organization.

Key Responsibilities

• Support the preparation of technical (IFRS 17) and non-technical (investments, expenses) financial data for regulatory and internal reporting, including:
  • Running reports from key source systems, including SAP subledger and general ledger
  • Reconciling and analysing reinsurance cash‑flow data (premiums, claims, costs) between key source systems
  • Performing quarterly analyses over non‑technical investment results and general & administrative expenses
• Assist in the analysis of insurance results under IFRS 17, including understanding key movements in balance‑sheet and P&L items, and gathering explanations for key variances versus prior periods and expectations:
  • Supporting the preparation of quarterly MD&A presentations and annual year‑end financial statements (balances and disclosures)
  • Building cross‑functional working relationships with Central Finance, Actuarial, Claims, Underwriting, and Operations teams to resolve accounting and data issues
• Support quarterly capital reporting and forecasting, including data validation and reconciliation
• Ensure data accuracy, completeness, and timeliness of reporting deliverables, including appropriate documentation to support internal controls and audit requirements
• Perform operational tasks including but not limited to:
  • Submission of financial information to regulatory platforms such as OSFI, AMF, Statistics Canada, and industry trade associations
  • Handling Purchase orders and invoice processing
  • Ad‑hoc cheque deposits and monthly bank reconciliations
  • Premium tax filings
  • Identifying opportunities to improve efficiency and apply automation in financial reporting processes
  • Supporting implementation of enhancements related to systems, data quality, and controls

About The Team

The Canadian Finance team is responsible for the accounting and reporting of reinsurance & direct insurance technical balances (premiums, claims, commissions, reserves, together with intra‑group reinsurance) and non‑technical balances (e.g., investments, general expenses) for the Canadian Branches of Swiss Re. It works closely with various business partners to support relevant transactions and is recognised for its collaborative and inclusive environment.

Experience & Qualifications

• Bachelor's degree in accounting, finance, or a related field
• Actively pursuing CPA designation

Technical Skills

• Advanced Excel skills (PivotTables, lookups, data analysis)
• Experience with financial systems (e.g., SAP, FPSL, Business Objects)
• Exposure to automation tools or process improvement initiatives

Core Competencies

• Strong analytical and problem‑solving skills
• High attention to detail and data integrity
• Ability to manage competing deadlines in a structured reporting environment
• Strong communication skills and ability to work in cross‑functional teams

The base salary hiring range for this new position is CAD $60,000‑75,000. The specific base salary offered for this role will take into account a number of factors including but not limited to job location, scope of role, qualifications, experience and employer budget.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.