Group Insurance Finance Manager

Manulife Financial; 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. In this pivotal role, you will lead financial reporting and controls while collaborating with various business units to drive strategic objectives. You will be responsible for overseeing forecasting processes and providing commercial support to clients. This position offers an exciting opportunity to develop junior staff and enhance financial processes within a flexible and inclusive work environment. If you are a strategic thinker with strong leadership skills, this role is perfect for you.

Benefits

Flexible work environment

Career development opportunities

Support for well-being and inclusion

Qualifications

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

Responsibilities

• Lead financial reporting and controls for the IGP Management.
• Oversee monthly and annual forecasting and planning processes.

Skills

Leadership

Strategic Thinking

Negotiating Skills

Analytical Skills

Problem-Solving Skills

Collaboration

Adaptability to Change

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.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit our story.

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.

Primary Location: Waterloo, Ontario

Working Arrangement: Hybrid

Salary range is expected to be between: $80,700.00 CAD - $145,260.00 CAD