Senior Director, Insurance Finance Reporting & Controls

RBC; Mississauga; On-site; CAD 120,000 - 160,000; Full time

Job summary

RBC is seeking a Senior Director for Insurance Finance Reporting & Controls, responsible for overseeing financial reporting and governance in the insurance sector. The role requires a CPA designation, significant experience in financial services, and strong leadership skills, offering a competitive compensation package.

Qualifications

• 10+ years of Financial Services experience including 5+ years of People Management.
• Strong working knowledge of IFRS 17 policies.
• Advanced analytical skills with excellent communication abilities.

Responsibilities

• Lead the month end close process ensuring accuracy and timeliness.
• Oversee regulatory, statutory, and board reporting.
• Maintain a strong control environment and manage operational risks.

Skills

Budget Management

Communication

Process Management

Professional Presentation

Team Management

Education

Professional accounting designation, CPA, CA

Post graduate business degree

Job description

Senior Director, Insurance Finance Reporting & Controls

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What you will do?

The Senior Director – Insurance Finance, Reporting and Controls, is responsible for full cycle reporting in the insurance business – including the month end close processes, regulatory and statutory reporting, as well as associated controls, governance and process enhancements. This includes ensuring that our systems and processes are producing complete, accurate and up to date results within the required timelines, and that downstream reporting processes are meeting all requirements, including regulatory and board-related requirements. The Senior Director will also ensure controls are operating effectively including, key controls, SOX controls and GL attestation processes. This role acts as the liaison with both internal and external audit teams. Finally, the incumbent will also have oversight of the investment accounting and reporting team.

Job Summary

Job Description

What you will do?

The Senior Director – Insurance Finance, Reporting and Controls, is responsible for full cycle reporting in the insurance business – including the month end close processes, regulatory and statutory reporting, as well as associated controls, governance and process enhancements. This includes ensuring that our systems and processes are producing complete, accurate and up to date results within the required timelines, and that downstream reporting processes are meeting all requirements, including regulatory and board-related requirements. The Senior Director will also ensure controls are operating effectively including, key controls, SOX controls and GL attestation processes. This role acts as the liaison with both internal and external audit teams. Finally, the incumbent will also have oversight of the investment accounting and reporting team.

What you will do?

• Lead the month end close process through both RISE (Aptitude sub-ledger) and EPM (Bank general ledger) ensuring completeness and accuracy of data, as well as timeliness of reporting, including meeting all deadlines.
• Coordinate the completion of journal entries and other inputs into the month end close process.
• Responsible for the review and oversight of regulatory, statutory and board reporting, under IFRS 17.
• Maintain a strong Control environment, aligned to RBC policies - including SOX and GL Attestation processes. Ensure the complete and accurate reporting of Operation Risk Events (OREs) in Finance, Self-Identified Issues, SUMs and other control issues.
• Ensure the accurate reporting of investment related activities, while supporting new initiatives.
• Identify issues and propose solutions to drive change with creative options aligned with business strategies and tactics.
• Influence best practices and enhance synergies and collaboration among finance teams. This includes fostering a culture of innovation, constantly challenging the norm to identify opportunities for automation, process improvement and enhancement of our control environment.
• Implement and sustain best practices, synergies and cost savings opportunities, ensuring that the Insurance platform is making use of corporate finance resourcing (i.e. Finance Shared Services) and processes.
• Drive collaboration across various teams, including GRMI, Head Office Finance and our business partners.
• Acts on behalf of VP and CFO Insurance as required in senior meetings and for key reporting/controls related projects
  
  

What you need to succeed?

Must Have

• Professional accounting designation, CPA, CA and post graduate business degree
• 10+ years’ of Financial Services related experience including 5+ years’ of People Management experience
• Must have strong working knowledge of IFRS 17 policies and reporting processes
• Experience with legal entity reporting, regulatory reporting, interactions with regulators
• Advanced analytical skills
• Excellent communication skills, both verbal and written with proven ability to communicate at all levels; strong interpersonal skills
• Ability to influence/impact without direct authority
• Experience with forecasting and reporting processes, coordinating large initiatives, working within deadlines.
• Knowledge of the insurance industry and products.
  
  

Nice to Have

• Board experience/presentations would be an asset
  
  

Job Skills

Budget Management, Communication, Process Management, Professional Presentation, Team Management

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA

City:

MISSISSAUGA

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-06-20

Application Deadline:

2025-07-13

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Sales and Business Development

• Industries

  Banking and Financial Services

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