Financial Analyst

Socket.dev; Markham; Hybrid; CAD 70,000 - 80,000; Full time

Benefits offered by this job

Hybrid work model

Career development opportunities

Professional development support

Extended vacation options

Job summary

Aviva Canada is seeking a Financial Analyst to support reinsurance accounting, reporting, and controls. You will handle monthly and quarterly close processes, reconcile balances, and prepare analyses for internal and external stakeholders.

Working in the Reinsurance Accounting team, you will interpret treaty terms, prepare journal entries, and help automate processes while maintaining strong documentation and timelines. Hybrid work options available.

Qualifications

• University degree in Accounting, Finance, Business, Economics, or a related discipline.
• Progress toward CPA designation is preferred.
• 1 to 3 years of progressive experience in accounting, financial reporting, audit, insurance, or a related financial services environment.
• Reinsurance experience is an asset.
• Sound understanding of financial accounting, reconciliations, journal entries, financial controls, and period-end close.
• Familiarity with IFRS 17 and reinsurance accounting is an asset.

Responsibilities

• Prepare monthly and quarterly accounting for reinsurance premiums, claims, commissions, recoverables, payables, accruals, and related adjustments in accordance with approved accounting policies and treaty terms.
• Prepare manual journal entries with clear business rationale and complete supporting documentation, and submit them through the established review and approval process.
• Perform account reconciliations and roll-forwards; investigate aged, unusual, or unreconciled balances and coordinate timely resolution.
• Support period-end close activities and deliver accurate schedules, analyses, and explanations within established timelines.
• Interpret key financial provisions of reinsurance agreements and translate them into accurate accounting calculations, billings, statements, and settlements.
• Prepare or validate premium and claims calculations, including deposit and adjustment premiums, commissions, broker-related adjustments, and cash settlements, as applicable.
• Maintain organized treaty-level records and supporting evidence to enable traceability from source data to the general ledger.
• Coordinate with reinsurers, brokers, Claims, Treasury, Underwriting, Reserving, and other Finance teams to research and resolve accounting or settlement differences.
• Produce management, financial, regulatory, and audit support schedules related to reinsurance balances and activity.
• Analyze movements and variances, identify financial or operational impacts, and communicate concise explanations to reviewers and stakeholders.
• Execute assigned controls and quality assurance checks, retain evidence of performance and review, and elevate control exceptions promptly.
• Support inquiries from internal and external auditors and contribute to the remediation of findings or process gaps.

Skills

Excel skills

Power BI

IFRS 17 knowledge

Oracle Fusion

Data analysis

Internal controls

Communication skills

Education

University degree in Accounting

CPA designation progress

Tools

Oracle Fusion

Power BI

Power Query

Job description

Experience Aviva

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.

At Aviva Canada, we put people first, our employees, our customers, and our communities. We’re proud of a culture built on care, inclusion, and collaboration, where your voice matters and your growth is supported. We’re not just about insurance; we’re about making a real difference by protecting what matters most.

The Opportunity

The Financial Analyst supports the accurate, complete, and timely accounting and reporting of ceded and assumed reinsurance activity. Working within the Reinsurance Accounting team, the role performs reconciliations, prepares and reviews supporting analysis, processes accounting entries and settlements, investigates variances, and partners with internal and external stakeholders to resolve issues. The analyst also contributes to a strong financial control environment and to the continuous improvement and automation of reinsurance accounting processes.

What you’ll do

Reinsurance accounting and close

• Prepare monthly and quarterly accounting for reinsurance premiums, claims, commissions, recoverables, payables, accruals, and related adjustments in accordance with approved accounting policies and treaty terms.

• Prepare manual journal entries with clear business rationale and complete supporting documentation, and submit them through the established review and approval process.

• Perform account reconciliations and roll-forwards; investigate aged, unusual, or unreconciled balances and coordinate timely resolution.

• Support period-end close activities and deliver accurate schedules, analyses, and explanations within established timelines.

Treaty administration and settlements

• Interpret key financial provisions of reinsurance agreements and translate them into accurate accounting calculations, billings, statements, and settlements.

• Prepare or validate premium and claims calculations, including deposit and adjustment premiums, commissions, broker-related adjustments, and cash settlements, as applicable.

• Maintain organized treaty-level records and supporting evidence to enable traceability from source data to the general ledger.

• Coordinate with reinsurers, brokers, Claims, Treasury, Underwriting, Reserving, and other Finance teams to research and resolve accounting or settlement differences.

Reporting, controls, and analysis

• Produce management, financial, regulatory, and audit support schedules related to reinsurance balances and activity.

• Analyze movements and variances, identify financial or operational impacts, and communicate concise explanations to reviewers and stakeholders.

• Execute assigned controls and quality assurance checks, retain evidence of performance and review, and elevate control exceptions promptly.

• Support inquiries from internal and external auditors and contribute to the remediation of findings or process gaps.

Data, systems, and improvement

• Extract, validate, and reconcile data across reinsurance source systems, spreadsheets, databases, and the general ledger.

• Identify opportunities to reduce manual work, strengthen controls, improve data quality, and standardize recurring processes.

• Participate in system changes, user acceptance testing, process documentation, and finance transformation initiatives.

• Maintain current procedures, process narratives, desktop instructions, and control documentation for assigned responsibilities.

What you'll bring

• University degree in Accounting, Finance, Business, Economics, or a related discipline.

• Progress toward a CPA designation is preferred.

• 1 to 3 years of progressive experience in accounting, financial reporting, audit, insurance, or a related financial services environment.

• Reinsurance experience is an asset.

• Sound understanding of financial accounting, reconciliations, journal entries, financial controls, and period-end close.

• Familiarity with IFRS 17 and reinsurance accounting is an asset.

• Strong Microsoft Excel skills, including lookups, pivot tables, data validation, and analysis of large datasets.

• Experience with Oracle Fusion or another enterprise general ledger, databases, Power Query, or Power BI is an asset.

• Ability to explain financial issues clearly, document conclusions, and build effective relationships across Finance and operational teams.

• Strong attention to detail, sound analytical judgement, ownership of deliverables, and the ability to manage competing priorities and meet deadlines.

What you’ll get:

• The salary band for this position ranges from $70,000 – $80,000. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity.

• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.

• Hybrid flexible work model.

• 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.

• Employee discount on home and auto insurance (where applicable).

This job advertisement is for an existing vacancy which has been posted both internally & externally.

Aviva Canada may use AI (Artificial Intelligence) tools to assist us throughout the recruitment process to screen, assess or select applicants for a position.

Aviva Canada welcomes applications from all qualified individuals and has a process in place to provide accommodations for persons with disabilities at all stages of the hiring process and during employment. If you require an accommodation during the interview or hiring process, please contact your Aviva Talent Acquisition Partner so that an appropriate accommodation can be arranged.