Group Insurance Finance Manager

Manulife and John Hancock; Waterloo; Hybrid; CAD 80,000 - 146,000; Full time

Job summary

An established industry player is seeking a Group Insurance Finance Manager to join their dynamic team. This pivotal role involves leading financial reporting and controls, ensuring accurate expense gain and allowables reporting, and providing strategic support to the CFO and pricing teams. You will have the opportunity to develop junior staff while overseeing all financial activities and enhancing financial processes. Join a forward-thinking company that values diversity and inclusion, and offers a flexible working environment where you can grow your career and make a significant impact on the organization’s success.

Benefits

Flexible working environment

Career development opportunities

Diversity and inclusion initiatives

Qualifications

• Minimum of 5 years of finance/accounting experience required.
• Strong leadership and strategic thinking skills are essential.

Responsibilities

• Lead IGP Management reporting and oversee financial activities.
• Responsible for monthly and annual forecasting and planning.

Skills

Leadership

Strategic Thinking

Negotiating Skills

Analytical Skills

Problem-Solving Skills

Collaboration

Adaptability

Education

Post-secondary education in accounting

Professional accounting designation (CPA)

Tools

Microsoft Office

Essbase

Lawson

Job description

The Group Insurance Finance Manager role is a key member of the Group Insurance Financial Reporting team, accountable for delivering timely and accurate expense gain and allowables reporting. This role will directly support the BU CFO and pricing team in achieving strategic objectives and making pricing decisions. This role will provide direct leadership opportunities to develop junior staff on the Reporting team.

The Group Insurance Finance Manager will directly support the Head of the IGP Employee Benefits Network in achieving strategic and growth objectives as a part of the IGP Management Team. The role will oversee all financial activities while utilizing your general accounting, finance and reporting expertise, leadership and IGP specific knowledge.

Position Responsibilities

Financial Reporting and Controls

• Leadership of the IGP Management reporting
• Execute on the current journey towards enhanced NDC results reporting.
• Oversight of the monthly IGP earnings statements and governance of IGP results in coordination with Group Insurance Finance.
• Oversight of monthly, quarterly and annual Expense Gain/Gap & Allowables analysis.
• Oversight of monthly reporting of Fee Income profitability
• Find opportunities and deliver improved financial processes, reporting and controls
• Oversee financial controls

Forecasting / Strategic Planning

• Responsible for the monthly and annual forecasting and planning process over the expense gain/gap and allowables process in coordination with the Expense CoE
• Responsible for the annual forecasting and planning of fee income
• Oversee the IGP KPI and Earnings forecasting and planning process, in conjunction with the wider reporting team

Commercial support

• Liaise on an ad hoc basis with IGP clients' or Network Partners' finance partners and provide subject matter expertise to IGP commercial teams.

Required Qualifications:

• Post-secondary education in accounting and accounting designation is required
• Minimum of 5 years of finance/accounting experience
• Confirmed strong leadership, strategic thinking and personal effectiveness competencies: negotiating and influencing skills, adaptability to change and continuously showing initiative
• Strong collaboration within the team and across various units in the business and shared centers
• Proficiency with Microsoft Office and ability to learn new applications quickly
• Excellent analytical and problem-solving skills and ability to explore and understand complex financial processes
• Proven ability to manage multiple, conflicting priorities and deliver a quality result within tight deadlines

Preferred Qualifications:

• Professional accounting designation (CPA) is preferred
• Knowledge of Essbase, Lawson will be an asset
• Finance background with IGP or GB experience preferred

When you join our team:

• We'll empower you to learn and grow the career you want.
• We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we'll support you in shaping the future you want to see.

Primary Location
Waterloo, Ontario
Working Arrangement
Hybrid
Salary range is expected to be between
$80,700.00 CAD - $145,260.00 CAD
Manulife is an Equal Opportunity Employer
At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.