Senior Financial Analyst

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

Job summary

Manulife Financial Corporation is seeking a Senior Financial Analyst for the GA Accounting & Reporting team in Toronto. The role focuses on accurate accounting for General Fund assets, supporting consolidations, and preparing monthly/board reports.

The position requires a degree in Finance or Accounting and a CPA is an asset. Hybrid work arrangement with annual salary range CAD 73,725–CAD 122,875.

Qualifications

• University degree in Finance or Accounting.
• Excellent verbal and written communication skills.
• Ability to work effectively in a team and individually.
• Strong analytical and problem-solving abilities.
• Familiarity with accounting principles and reporting.

Responsibilities

• Prepare, analyze and present monthly and ad-hoc financial reports.
• Prepare board reports and coordinate year-end audit process for subsidiaries.
• Perform intercompany, interdivisional and parent/subsidiary reconciliations.
• Coordinate Consolidation entries and review eliminations, equity pickup and income allocation.
• Support offshore team and assist with projects and documentation.

Skills

Analytical thinking

Excellent communication

Teamwork and independent work

Financial analysis

Education

University degree in Finance or Accounting

CPA designation (asset)

Tools

Microsoft Office

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.Reporting to the Director, GA Accounting & Reporting, the Senior Financial Analyst is a key member of the Accounting & Reporting team. The Senior Financial Analyst is responsible for the accuracy, completeness and timeliness of accounting for General Fund assets, as well as supporting legal entity consolidations and reporting for the General Account. You will play a key role in supporting the team through day-to-day accounting and reporting activities and will also support the team on organizational as well as ad-hoc projects and requests.Position Responsibilities:Responsible for the preparation, analysis and presentation of monthly and ad-hoc financial reportsPrepares board reports and/or financial statements for selected subsidiaries and co-ordinates the year-end financial audit process for subsidiariesReview, verify, and organize the information required for the preparation of monthly reports, management reports and other financial reportsPerform periodic controls such as Intercompany, Interdivisional and parent / subsidiary reconciliationsPerforms reconciliations between the ledger and sub-ledgers/admin systems on a periodic basisPrepare Consolidation entries perform consolidation related controls and review eliminations, equity pick up and income allocation entriesTrack funding and distributions of private market investments; recommend distributions as repayments of loans / return of capital / dividendAnalyzes 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 stakeholdersUse appropriate judgment in dealing with unexpected issues and requests, demonstrating an ability to prioritize workParticipates actively in the realization of the team/department objectivesParticipate in projects as assigned to develop and implement new systems and productsPrepare accounting models for acquisitions, asset transfers and capital transactionsCo-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 neededTrain, supervise and provide ongoing guidance to offshore team.Review and approve the tasks/processes assigned to offshore teamRequired Qualifications:University degree in Finance or AccountingCompletion of or working towards a recognized accounting designation (CPA) will be considered an assetGood knowledge of information systems and Microsoft Office suiteA minimum of three (3) years’ experience in accounting and finance, including planning, analysis and financial reportingA thorough knowledge of accounting and finance principlesExcellent verbal and written communication skills and the ability to present financial analysis to management is essentialAbility to work effectively as part of a team and individuallyDemonstrate initiative and take responsibilityDetailed oriented with a high level of accuracyExcellent analytical and problem-solving skillsAbility to react quickly, adapt to changes and meet tight deadlinesStrong communication and interpersonal skillsWhen you join our team:We’ll empower you to learn and grow the career you wantWe’ll recognize and support you in a flexible environment where well-being and inclusion are more than just wordsAs part of our global team, we’ll support you in shaping the future you want to seeThe role being advertised is an existing vacancy.About Manulife and John HancockManulife 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 EmployerAt 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 LocationToronto, OntarioWorking ArrangementHybridSalary range is expected to be between$73,725.00 CAD - $122,875.00 CADEmployees 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.Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [e-mail] for more information about U.S.-specific paid time off provisions.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 .