Senior Financial Accountant, Financial Reporting (24-month contract)

Pacific Life Re; Toronto; Hybrid; CAD 80,000 - 100,000; Full time

Job summary

A leading financial services firm in Toronto is looking for a Senior Financial Accountant to oversee financial reporting and analysis. The role offers a hybrid work arrangement and requires strong US GAAP knowledge and experience in regulatory reporting. The ideal candidate will have at least 3 years in the (re)insurance industry and possess a recognized accounting accreditation. This position is a 24-month contract with competitive benefits.

Benefits

23 days of annual leave

Group Life Insurance

Subsidized gym membership

Qualifications

• 3 years of post-qualified experience in (re)insurance and/or financial services.
• Strong commercial understanding of (re)insurance business.
• Ability to interpret complex data.

Responsibilities

• Prepare financial statements in accordance with US GAAP and regulatory standards.
• Ensure compliance with tax regulations.
• Monitor developments in accounting standards.

Skills

Strong US GAAP knowledge

Regulatory reporting experience

Analytical skills

Education

Recognized accounting accreditation

Job description

Overview

Job Title

Senior Financial Accountant, Financial Reporting (24-month contract)

Job Description

The Senior Financial Accountant, Financial Reporting role sits within ourPacific Life Re (PL Re) Financial Reporting and Tax team, reporting directly to the Manager, Financial Reporting. The role will be based in Toronto and will include hybrid working arrangement (up to 4 days a week in office).

THIS OPPORTUNITY IS DESIGNATED AS A 24-MONTH FIXED TERM CONTRACT

The role is responsible for handling the preparation, analysis and delivery of financial reports on multiple accounting frameworks (e.g. US GAAP, US Statutory (US STAT), Bermuda Monetary Authority (BMA), Economic Capital (EC), and other local regulatory/internal bases as required).The role involves close collaboration with Financial Reporting and Tax, Financial Management and Treasury, Actuarial and other teams within PL Re and its parent company, Pacific Life (PL). PL Re’s primary statutory reporting basis is US GAAP, as a Division of a US based parent, and with the top divisional entities reporting on a US GAAP basis.

This role is a serves as a key contributor to the financial and regulatory reporting and supporting finance-related project activities as required.

Responsibilities

• Prepare complete sets of financial statements in accordance with US GAAP, US STAT and other applicable internal and regulatory standards, ensuring timely and accurate delivery. Provide detailed analysis of financial and regulatory results for PL Re and its entities, including preparation and presentation of results.
• Prepare the tax calculation and journal entries, ensuring compliance with relevant tax regulations and internal policies.
• Prepare consolidation journal entries.
• Compile regulatory reports, compliance reports and surveys, along with supporting analysis for internal review.
• Contribute to Back Office transformation project, Project Unify, supporting process improvement and system integration efforts.
• Monitor developments in accounting standards and regulatory requirements, assess their impact on financial reporting and implement necessary changes.
• Execute and maintain financial controls to ensure accuracy, integrity, and compliance across reporting processes.
• Liaise with external and internal auditors, facilitating audits and addressing queries in a timely and professional manner.
• Provide support for the Manager and leadership team by participating in ad hoc projects and strategic initiatives as required.

Qualifications and Experience

• 3 years of post-qualified experience in the (re)insurance industry and/or financial services industries, with strong life insurance industry experience.
• Recognized accounting accreditation.
• Strong US GAAP knowledge.
• Strong regulatory reporting experience (PRA, BMA, NAIC or OSFI), including experience in a multiple regulatory environment.
• Strong commercial understanding of (re)insurance business.

Competencies and Behaviours

• Strong technical and analytical skills, with ability to interpret complex data.
• Proven problem-solving capabilities.
• Ability to handle complex and ambiguous scenarios, and explain complex issues in a simple way, both written and verbally.
• Excellent interpersonal skills, able to establish rapport and build effective relationships with stakeholders at all levels.
• Highly organized and detail-oriented, with a focus on meeting timelines and delivering high quality work.
• Self-motivated learner, committed to continuous development of technical knowledge and professional skills
• Collaborative team player to achieve the team shared goals.
• Ability to work flexibly in a global team.
• High standard of personal integrity.
• Resilient and courageous, with the ability to challenge status quo constructively.

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee\'s involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits

Leave

• 23 days of annual leave (Regular employees) with option to buy or sell more days
• Fertility leave
• Generous parental leave

Healthcare

• Group Life Insurance and Accidental Death & Dismemberment coverage for all permanent employees
• Dental & Optical benefits

Savings & Retirement

• RRSP: company-matched contributions

Wellness

• Employee and Family Assistance Program
• Subsidized gym membership
• Time off for volunteering
• Charitable matching of employee donations

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Values

Pacific Life Re Values – Please view our company values on our website.