Financial Analyst - Reinsurance

Aviva; Markham; On-site; CAD 60,000 - 80,000; Full time

Job summary

A leading insurance firm is seeking a Financial Analyst to support Reinsurance Accounting and Financial Reporting. Responsibilities include end-to-end accounting, report preparation, and ensuring compliance with regulatory standards. The ideal candidate will have a relevant degree, CPA credentials (or in progress), and experience in accounting, particularly within Property and Casualty insurance. This position offers a competitive rewards package and a hybrid work model.

Benefits

Base compensation and eligibility for annual bonus

Retirement savings and share plan

Competitive vacation package

Corporate wellness programs

Outstanding Career Development opportunities

Qualifications

• Minimum 2 years of accounting related experience.
• Experience in Property and Casualty insurance operations is a plus.
• Ability to improve processes while meeting tight deadlines.

Responsibilities

• Assist in end-to-end accounting for transactions on ceded business.
• Support month end and quarter end accounting processes.
• Prepare balance sheet reconciliations.

Skills

Proficiency in Excel

Highly developed communication skills

Strong organizational skills

Problem-solving skills

Education

Accounting/Finance related University Degree

CPA designation or working towards it

Tools

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 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!

What you’ll do:

• Assist in end-to-end accounting for transactions on ceded business on monthly and quarterly basis.
• Support month end and quarter end accounting process with regards to AR/AP and cash transactions.
• Help prepare reinsurance schedules for P&C-1 reporting and provide these to the reporting team at Aviva for each insurance entity on timely basis.
• Prepare balance sheet reconciliations to ensure the account balances are reconciled on an IFRS and CIFRS basis.
• Ensure external reports and data received are good quality and delays are promptly followed up on;
• Work with manager to prepare and analyze reports to investigate and explain variances and raise questions on reasonability of results;
• Exercise considerable organizational skills in prioritizing, time management and maintaining proper accounting procedures.
• Identify areas for automation or process improvements and work with manager of to implement these;
• Assist with responding to queries from other functions, and external parties like brokers and reinsurers.
• Produce required adhoc deliverables as assigned;
• Act as a great teammate with strong initiative;
• This role reports to the Manager, 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.
• Minimum 2 years of accounting related experience
• Experience with Property and Casualty insurance operations, reinsurance, accounting and regulatory reporting is a plus.
• Highly developed communication (written & verbal) and interpersonal skills.
• Excellent organizational and time management skills; sound problem solving skills with capability of multi-tasking.
• 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 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.