Financial Reporting Analyst

Allstate Canada; Markham; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking a Financial Reporting Analyst to prepare and file accurate financial statements and regulatory filings. The role involves analyzing financial results, ensuring compliance with IFRS and US GAAP, and providing expertise for projects. Join a flexible and inclusive environment that values personal growth and community impact.

Benefits

Flexible Work Arrangements

Employee Discounts

Good Office Program

Student Loan Payment Matching

Retirement Savings Program

Annual Wellness Allowance

Personal Reflection Day

Tuition Reimbursement

Qualifications

• 1-3+ years of experience in financial analysis and reporting.
• Experience with IFRS, US GAAP, and best practices.

Responsibilities

• Prepares monthly financial statements and records journal entries.
• Performs detailed account reconciliations and resolves discrepancies.
• Prepares and files quarterly and annual regulatory financial statements.

Skills

Communication

Analytical

Problem-Solving

Project Coordination

Time Management

Education

Bachelor's Degree in Business

CPA or equivalent experience

Tools

SAP

PowerBI

Tableau

MS Analysis for Office

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, airbags, and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

The Financial Reporting Analyst prepares and files complete and accurate periodic audited financial statements and regulatory filings in a timely manner. Synthesizes, monitors, analyzes, and summarizes financial results of moderate complexity used in leadership decision-making. Applies International Financial Reporting Standards (IFRS) and reconciles differences for U.S. Generally Accepted Accounting Principles (US GAAP). Provides financial reporting and operations expertise for projects. Investigates and recommends enhancements to the reporting process to improve efficiency.

Who is Allstate:

Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its “You’re in Good Hands” promise and is proud to have been named a Best Employer in Canada for nine consecutive years. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving, and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca.

Through our Employee Value Proposition, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options, and truly enjoy the work they do.

Role Designation:

Hybrid

Benefits to joining Allstate

• Flexible Work Arrangements
• Employee discounts (15% on auto and property insurance, plus many other products and services)
• Good Office program (receive up to $400 back after purchasing office equipment)
• Student Loan Payment Matching Program for Government Student loans
• Comprehensive Retirement Savings Program with employer-matched contributions
• Annual Wellness allowance to support employees with improving health and wellbeing
• Personal reflection day
• Tuition Reimbursement
• Working within the community and giving back!

Key Responsibilities

• Prepares monthly financial statements, records journal entries, and ensures that all financial information is captured accurately to analyze, monitor, and summarize financial results for the leadership team.
• Performs detailed account reconciliations and resolves discrepancies to ensure information is complete and all accounts balance.
• Prepares and files timely and accurate quarterly and annual regulatory financial statements of moderate scope and complexity with note disclosures for ACG entities.
• Provides information and responds to requests from internal and external auditors.
• Analyzes financial statements to evaluate results against targets and previous years.
• Reconciles differences between IFRS and US GAAP.
• Prepares filings (e.g., OSFI, GISA, FA, Statistics Canada) for regulatory bodies in collaboration with teams.
• Resolves conflicting data between sources to ensure accurate financial reporting.
• Provides expertise in financial reporting and operations for projects.
• Monitors current accounting treatment to ensure compliance with standards and regulations.
• Recommends process enhancements to improve efficiency and creates documentation and retrieval processes.
• Researches legal and regulatory developments.
• Assists in mentoring and training staff.

Qualifications

• 1-3+ years of experience in financial analysis and reporting.
• Experience with IFRS, US GAAP, and best practices.
• Proficiency in SAP or similar accounting software.
• Advanced MS Office skills, especially Excel.
• Strong communication, research, analytical, and problem-solving skills.
• Project coordination and time management skills in a fast-paced environment.

Education

• Bachelor's Degree in Business, Finance, or Accounting preferred.
• CPA or equivalent experience, working towards CPA is acceptable.
• Experience with legal and regulatory compliance for Property & Casualty Insurance is an asset.
• Proficiency in PowerBI and/or Tableau is an asset.
• Experience with MS Analysis for Office and macros is an asset.

Allstate Canada Group values workplace accommodations. If needed, please inform us to meet your needs.

#LI-KA1

Joining our team is an opportunity to enhance your skills, challenge norms, and impact the future positively. We foster a flexible, inclusive environment recognized for diversity and empowerment.

Good Hands. Greater Together.