Senior Financial Analyst

Pacific Life Re; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A global insurance firm is seeking a Senior Financial Analyst for a 12-month hybrid contract in Toronto. The role includes supporting full cycle accounting, preparing financial statements, and leading process improvement initiatives. Candidates should have a University degree in Finance or Accounting and at least 3 years of experience in financial reporting. Strong analytical and interpersonal skills are essential.

Benefits

23 days of annual leave

Fertility leave

Generous parental leave

Group Life Insurance coverage

Dental & Optical benefits

Company-matched RRSP contributions

Subsidized gym membership

Employee Assistance Program

Qualifications

• 3+ years of USGAAP/IFRS financial reporting experience.
• Insurance or reinsurance experience preferred.
• Self-starter eager to develop technical knowledge.

Responsibilities

• Support the full cycle accounting with high quality financial results.
• Assist in the financial statement close process.
• Prepare analyses and manage account reconciliations.
• Participate in process improvement efforts.

Skills

USGAAP/IFRS accounting

Financial reporting

Interpersonal skills

Negotiation skills

Process improvement

Data analysis

Communication skills

Microsoft Office

Education

University Degree in Finance and/or Accounting

Progress towards recognized accounting qualification

Job description

Job Title

Senior Financial Analyst

Job Description

We are seeking a Senior Financial Analyst to support a 12-month contract at our Pacific Life Re office in Toronto. This role requires an evolving hybrid availability in-office at 40 King St. W, between 2-4 days per week. There may be an option for a permanent role at the conclusion of the contract.

Reporting to the Manager, Financial Management, and supporting the development and production of Pacific Life Re (PL Re) accounting records, financial statements, maintaining the required internal control structure and liaising with internal and external auditors. This role will also be supporting projects to set up or streamline finance processes and systems.

How you'll help move us forward:

• Support the Manager, Finance in PL Re full cycle accounting with the objectives of producing high quality financial results within established deadlines. This role requires you to:
• Assist with the financial statement close process by preparing system feeds, journal entries, and ad hoc reports
• Prepare monthly/quarterly account reconciliations and maintaining supporting schedules; investigate and document any reconciling items.
• Adhere to established internal controls and operating procedures.
• Prepare quarter over quarter analysis, year over year analysis, financial statements (or part of it), regulatory reports, management and compliance reports. This role requires critically analysing the ledger balances by providing explanations for variances and movements.
• Participate and co-ordinate the periodic Finance departmental efforts in process improvement, reducing the duration of the financial close period, simplification, improved internal controls, and enhancing the analysis capabilities.
• Support PL Re projects by assessing the impact of changing corporate structure, regulatory, system or reporting requirements. This includes developing a detailed plan and executing steps on the plan to change PL Re’s production processes. This includes but is not limited to set up and execution of operational processes and financial reporting processes. System testing and execution may be required.
• Develop and maintain intra-departmental relationships to coordinate effectively with Operations/Corporate Actuarial in ensuring accuracy and completeness of reinsurance accounting records and appropriate internal control structure associated with transfer of data
• Create and maintain internal control structure and supporting internal and external audit requirements
• Support in the ad hoc request as and when required.

Qualifications and Experience:

• University Degree in Finance and/or Accounting
• Progressing towards obtaining a recognized accounting qualification
• 3+ years USGAAP/IFRS accounting or financial reporting experience within a financial services company. Insurance or reinsurance experience preferred
• Proven track record of effective people management and strong interpersonal/negotiation skills resulting in productive relationships with different areas
• Demonstrated success with significant process improvement projects
• Proven ability to analyze and interpret data, draw conclusions from it and explain findings to key stakeholders across the business
• Ability to deal with non-standard requests/work
• Self-starter with a desire to develop their technical knowledge and skills
• Excellent written and verbal communication skills
• Advanced Microsoft office skills

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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

Please click here to view our company values