Senior Financial Analyst

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

Job summary

A financial services company is seeking a Senior Financial Analyst for a 12-month contract in Toronto. This hybrid role involves supporting full cycle accounting, financial reporting, and process improvements. Candidates should have 3+ years of relevant accounting experience, preferably in insurance or reinsurance, along with strong analytical and interpersonal skills. Benefits include ample leave, wellness programs, and insurance coverage.

Benefits

23 days annual leave

Fertility leave

Generous parental leave

Group Life Insurance

Dental & Optical benefits

Company-matched RRSP contributions

Subsidized gym membership

Volunteering time off

Charitable donation matching

Qualifications

• 3+ years of accounting or financial reporting experience in financial services.
• Experience preferred in insurance or reinsurance.
• Proven track record in process improvement.

Responsibilities

• Support full cycle accounting to produce high quality financial results.
• Assist in financial statement close process and account reconciliations.
• Participate in Finance departmental process improvement efforts.

Skills

Financial reporting

USGAAP/IFRS experience

Interpersonal skills

Data analysis

Project management

Microsoft Office proficiency

Education

University Degree in Finance and/or Accounting

Progressing towards a recognized accounting qualification

Job description

Senior Financial Analyst

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.
• Assist with the financial statement close process by preparing system feeds, journal entries, and ad hoc reports.
• Prepare monthly/quarterly account reconciliations and maintain 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. Critically analyse the ledger balances by providing explanations for variances and movements.
• Participate and co‑coordinate 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. Develop a detailed plan and execute steps on the plan to change PL Re’s production processes. 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 support internal and external audit requirements.
• Support in the ad hoc requests 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 technical knowledge and skills.
• Excellent written and verbal communication skills.
• Advanced Microsoft Office skills.

Benefits

• 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.

Pacific Life Re Values

Please click here to view our company values.