Senior Financial Analyst

Manulife; Toronto; Hybrid; CAD 74,000 - 123,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Mental health support

Vision insurance

Disability insurance

Life and AD&D insurance

Retirement savings plans

Job summary

Manulife Financial Corporation is recruiting for a GA Accounting & Reporting team member in Toronto. The role involves preparing monthly and ad-hoc financial reports, coordinating year-end audits, and ensuring accurate consolidation and intercompany reconciliations.

You will collaborate with internal stakeholders, train offshore staff, and contribute to process improvements while adhering to accounting standards across multiple currencies.

Qualifications

• University degree in Finance or Accounting required or in progress.
• CPA designation is a plus and considered an asset.
• Strong knowledge of accounting principles and financial reporting.

Responsibilities

• Prepare, analyze and present monthly and ad-hoc financial reports.
• Coordinate year-end audit process for subsidiaries and prepare board reports.
• Reconcile intercompany, interdivisional and parent/subsidiary accounts.
• Perform ledger and sub-ledger reconciliations and consolidation entries.
• Track funding and distributions of private market investments and advise on distributions.
• Provide financial analysis and adhere to accounting standards.
• Respond to ad-hoc internal requests and support process improvements.
• Train and supervise offshore team; review offshore tasks.
• Prepare/update accounting procedures and documentation.

Skills

Verbal communication

Written communication

Team player

Initiative

Detail oriented

Analytical thinking

Problem solving

Adaptability

Interpersonal skills

Education

University degree in Finance or Accounting

CPA designation (asset)

Tools

Microsoft Office

Information systems

Job description

The GA Accounting & Reporting (A&R) Team plays a key role in the Company by ensuring accurate, consistent and timely accounting and reporting of General Account assets, under multiple accounting frameworks and currencies.

Position Responsibilities

• Responsible for the preparation, analysis and presentation of monthly and ad-hoc financial reports
• Prepares board reports and/or financial statements for selected subsidiaries and co-ordinates the year-end financial audit process for subsidiaries
• Review, verify, and organize the information required for the preparation of monthly reports, management reports and other financial reports
• Perform periodic controls such as Intercompany, Interdivisional and parent / subsidiary reconciliations
• Performs reconciliations between the ledger and sub-ledgers/admin systems on a periodic basis
• Prepare Consolidation entries perform consolidation related controls and review eliminations, equity pick up and income allocation entries
• Track funding and distributions of private market investments; recommend distributions as repayments of loans / return of capital / dividend
• Analyzes financial information to ensure adherence to standards which may include the following: ledgers and preparation of journal entries, investment and real estate accounting, preparation of trial balances / financial statements, account reconciliation, net asset value computation, etc.
• Address ad-hoc requests from internal stakeholders
• Use appropriate judgment in dealing with unexpected issues and requests, demonstrating an ability to prioritize work
• Participates actively in the realization of the team/department objectives
• Participate in projects as assigned to develop and implement new systems and products
• Prepare accounting models for acquisitions, asset transfers and capital transactions
• Co-ordinate Balance Sheet and FSRT sign offs with the business units for Investments BU.
• Prepare/update existing documentation of key processes and controls. Implement and validate changes to accounting procedures and update documentation to ensure operational objectives and standards are met.
• Provides support to setup, reorganize and wind-up of subsidiaries, as needed
• Train, supervise and provide ongoing guidance to offshore team.
• Review and approve the tasks/processes assigned to offshore team

Required Qualifications

• University degree in Finance or Accounting
• Completion of or working towards a recognized accounting designation (CPA) will be considered an asset
• Good knowledge of information systems and Microsoft Office suite
• A minimum of three (3) years’ experience in accounting and finance, including planning, analysis and financial reporting
• A thorough knowledge of accounting and finance principles
• Excellent verbal and written communication skills and the ability to present financial analysis to management is essential
• Ability to work effectively as part of a team and individually
• Demonstrate initiative and take responsibility
• Detailed oriented with a high level of accuracy
• Excellent analytical and problem-solving skills
• Ability to react quickly, adapt to changes and meet tight deadlines
• Strong communication and interpersonal skills

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

The role being advertised is an existing vacancy.

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 https://www.manulife.com/en/about/our-story.html.

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. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Referenced Salary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$73,725.00 CAD - $122,875.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location.

• health
• dental
• mental health
• vision
• short- and long-term disability
• life and AD&D insurance coverage
• adoption/surrogacy and wellness benefits
• employee/family assistance plans
• various retirement savings plans (including pension and a global share ownership plan with employer matching contributions)
• financial education and counseling resources

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.