Financial Reporting Manager

Vaco by Highspring; Canada; On-site; CAD 95,000 - 120,000; Full time

Benefits offered by this job

Benefits Day One

Pension after 6 months

Bonus target 15%

Job summary

Vaco by Highspring, a leading Canadian reinsurance finance team, seeks a Financial Close Specialist to oversee the monthly close for the Insurance Financial Reporting group and related legal entities. You will review journal entries and reconciliations, supporting process improvements across our reporting function.

The role is primarily remote with occasional in-office meetings about once a month, and limited travel.

Qualifications

• Experience in financial reporting and close processes.
• Knowledge of journal entries and reconciliations.
• Experience in insurance/reinsurance accounting is a plus.

Responsibilities

• Reviewing and approving all journal entries prepared by members of the Insurance Financial Reporting team.
• Reviewing and approving reconciliations completed by the team.
• Supporting the ongoing enhancement of financial reporting processes within the reinsurance function.

Skills

Journal entries review

Reconciliations

Financial reporting

Education

Bachelor's degree in Accounting/Finance

Job description

As one of Canada's largest automobile association, we are passionate about keeping our Members safe. Meeting the diverse needs of our two-million Members requires high-performing, forward-thinking, and innovative people who work collaboratively to keep propelling our business forward.

Life at this organization is fast-paced, performance-driven, and rewarding. We value our Associates' career growth and ongoing professional development, and we regularly recognize their achievements and outstanding results.

WORK MODEL

• Primarily remote.
• Coming into the office ~ once every month or two.
• Typically for team events or collaboration sessions.
• No fixed weekly hybrid schedule.
• The team avoids requiring office attendance during busy periods such as month-end, quarter-end, and year-end.
• Candidates must reside within approximately a two-hour driving distance of the Corporate Office.

ROLE

This is a newly created role designed to support and oversee the monthly financial close process for the Reinsurance business and related legal entities.

Key responsibilities include:

• Reviewing and approving all journal entries prepared by members of the Insurance Financial Reporting team.
• Reviewing and approving reconciliations completed by the team.
• Supporting the ongoing enhancement of financial reporting processes within the reinsurance function.

REASON FOR OPENING

Newly created position due to continued growth within the Reinsurance business.

TEAM SIZE

• Reports directly to the Director, Financial Reporting.
• No direct reports initially.
• This role will likely provide dotted-line leadership to a number of Senior Analysts.
• Team growth is expected over time.

SELLING FEATURES

• No overtime typically required during month-end or quarter-end.
• Exposure to a variety of unique projects.
• Ongoing systems enhancements and transformation initiatives.
• Strong opportunities for professional development and learning.

TRAVEL

None.

OMPENSATION

Total compensation consists of multiple components:

• $95,000 to $120,000
• Dependent on candidate experience

Bonus

• Target: 15%
• Potential payout up to 22.5% based on performance
• Comprehensive benefits package commencing on Day One

Pension

• Defined Contribution Pension Plan after 6 months