Manager, Financial Reporting - Reinsurance

CAA Club Group; Markham; On-site; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Wellness program

Education reimbursement

Travel incentives

Product and service discounts

Defined contribution plan

Job summary

CAA Club Group in Ontario is seeking an experienced Reinsurance Accountant to oversee the review and approval of reinsurance journal entries, maintain procedures, and manage reporting to reinsurers.

You will coordinate annual renewal data, ensure compliance with accounting standards, support audits, and collaborate with Risk, Actuarial, Pricing, and other functions to optimize financial performance for our Members.

Qualifications

• Bachelors or equivalent degree in Business / Finance / Accounting.
• 5-7+ years progressive experience in an Insurance accounting role.
• Industry accreditation in Insurance related field (CIP or ARe) would be an asset.
• Preparation of complete financial statements and regulatory reporting.
• Strong blend of strategic, analytical and problem solving.

Responsibilities

• Oversee the review and approval of reinsurance journal entries and reconciliations prepared by the team.
• Develop and maintain day-to-day reinsurance accounting procedures for efficient reporting.
• Analyze and prepare quarterly and annual performance and settlement reporting to reinsurers.
• Lead renewal data gathering and support submission packages and exhibits.
• Coordinate finance components of the annual reinsurance renewal cycle.
• Ensure reporting aligns with accounting standards and assist audits.

Skills

Strategic thinking

Analytical skills

Communication

Education

Bachelor's degree in Business / Finance / Accounting

Tools

SAP

Aptitude

Job description

At CAA Club Group, we are passionate about keeping our Members safe - whether they are on the road, at home, or travelling abroad. As a trusted Member-based organization, we provide products and services that are essential to Members’ safety and peace of mind. With over 2.6 million Members across Ontario and Manitoba, we advocate on issues such road safety and infrastructure, the environment, seniors’ mobility, and consumer protection. Associates share in each other’s successes, drive change and support each other while cultivating a great working environment to deliver on what is best for our Members. CAA Club Group is a member of the CAA Club Group of Companies.

Who we are

Are you ready to join an award-winning, purpose-driven culture? Welcome to the CAA Club Group of Companies (CCG), where purpose leads to passion!

At CCG, we are committed to delivering an exceptional Associate experience. We offer:

• Work-life harmony with access to an award-winning holistic wellness program,
• Continuous learning through our robust corporate curriculum and education reimbursement program,
• Incredible rewards, travel incentives, and product and service discounts,
• Pay-for-performance and best-in-class recognition programs, and
• Competitive benefits that include a defined contribution plan, personal spending account, and so much more.

Join our growing team where everyone belongs!

What You Will Do

• Oversee the review and approval of reinsurance journal entries and reconciliations prepared by members of the Reinsurance and Insurance Financial Reporting team.
• Develop and maintain day-to-day reinsurance accounting procedures to promote efficiency in accounting transactions and reporting.
• Analyze and prepare the quarterly and annual performance and reinsurance settlement reporting to reinsurers and manage the reinsurance payments and receipts.
• Understand the various reinsurance treaties and the impacts on reinsurance operations and the insurance KPI metrics.
• Lead the quarterly and annual preparation of reinsurance related financial statement and regulatory reporting areas and assist in review of relevant balance sheet and income statement account analysis.
• Coordinate the Finance components of the annual reinsurance renewal cycle including the data gathering to support the submission packages, questionnaires, and exhibits.
• Manage and keep abreast of the technical accounting requirements for the reinsurance portfolio to ensure our reporting is aligned with relevant accounting standards.
• Support internal and external audits and regulatory reviews related to reinsurance.
• Lead and support all finance aspects for the implementation of a new reinsurance system. Implement automation and continuous improvement opportunities in working papers and settlement procedures to reduce manual processes.
• Develop and maintain partnership with key input business functions (i.e. Risk, Actuarial, Pricing, etc.) and reinsurance partners as well as operational areas at all leadership levels.

Please note, salary range is not inclusive of total compensation. The expected salary range for this position will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. Candidates with salary expectations outside of the range are encouraged to apply.

Who You Are

• Bachelors or equivalent degree in Business / Finance / Accounting.
• 5-7+ years progressive experience in an Insurance accounting role.
• Industry accreditation in Insurance related field (CIP or ARe) would be an asset.
• Preparation of complete financial statements and regulatory reporting.
• Strong blend of strategic, critical thinking, analytical and problem solving and attention to detail.
• Exceptional interpersonal and communication skills.
• Proficiency in Microsoft Office (PowerPoint, Excel, Word, Outlook) and experience with SAP and Aptitude preferred.

Please note that we may use AI tools to help us through the recruitment process.

Our Commitment

We are an equal opportunity employer and are committed to providing employment accommodation in accordance with all applicable Provincial Human Rights and Accessibility Legislation. CCG will provide accommodations to job applicants with disabilities throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs.