Senior Financial and Accounting Analyst

Healthcare Insurance Reciprocal of Canada (HIROC); Toronto; On-site; CAD 85,000 - 95,000; Full time

Job summary

An established industry player is seeking a Senior Financial and Accounting Analyst to join their dynamic team. This role involves preparing financial statements, analyzing variances, and assisting with budgeting processes. The ideal candidate will have a strong background in finance, excellent analytical skills, and proficiency in financial modeling. Join a forward-thinking organization committed to improving healthcare safety and making a meaningful impact in the community. Be part of a culture that values diversity and inclusion, where your contributions will help shape the future of healthcare in Canada.

Qualifications

• 5 years of relevant experience in finance, preferably in insurance.
• Strong knowledge of financial reporting standards and processes.

Responsibilities

• Preparation of financial statements and analysis of variances.
• Assist with annual budgets and long-term forecasts.

Skills

Financial Analysis

Budgeting

Financial Reporting

Analytical Skills

Problem-Solving

Communication Skills

Excel

PowerPoint

Education

University degree in Finance, Accounting, or Economics

Near completion of CPA

Tools

Dynamics GP

Business Central

Job description

Job Title: Senior Financial and Accounting Analyst

Reports to: Lead, Finance (Special Programs)

Direct Reports: None

Travel Requirements: None

Office Hours: 8:30AM – 4:30PM

May be required to attend off hour’s functions/meetings

Healthcare Insurance Reciprocal of Canada (HIROC) is a trusted healthcare safety advisor, committed to offering a full spectrum of insurance, risk and claims management products and support.

HIROC knows healthcare as it’s the largest not-for-profit healthcare liability insurer in the country, with over 700+ healthcare organizations part of the Reciprocal. Combined with sage counsel and risk management solutions, HIROC works with its partners to increase safety.

As a Reciprocal, HIROC is governed by its Subscribers and remains an innovative, agile, and proactive partner. Since its inception in 1987, the not-for-profit has returned over $200 million to the healthcare system. HIROC’s 35 years of data is combined with its extensive experience to advise and share learnings, all with the goal of scaling knowledge and increasing safety across Canada’s healthcare system.

One common thread running through HIROC’s culture is the feeling of being part of something unique: partnering to create the safest healthcare system – HIROC’s vision.

Each employee has the opportunity to find their calling and help build a stronger organization designed to meet the needs of its Subscribers. As a Top 100 GTA Employer nine years running, HIROC employees are empowered to find solutions and create amazing experiences in service to its Subscribers.

Join us and be part of the team working to make a difference.

KEY RESPONSIBILITIES:

Financial Analysis, Reporting and Budgeting

• Preparation of financial statements and supporting schedules
• Period-end general journal entries
• Preparation of quarterly and annual board commentaries
• Analyze variances between actual, budget, forecast providing insights on key drivers
• Perform period-end financial closing procedures including the preparation of period-end journal entries, financial analysis, reconciliations, annual ASPE/ ASNPO financial statements notes disclosures.
• Assist with the preparation of annual budgets, long-term forecasts and draft the related commentary
• Prepare reports on key performance indicators as appropriate
• Prepare and/or review account reconciliations, including monthly and annual revenue reconciliations and revenue recognition entries
• Responsible for the preparation of the year-end audit schedules and being the liaison for auditor requests
• Collaborate with the internal IT team to develop and enhance management and financial reports
• Prepare ad-hoc financial analysis to support senior management

Accounts Payable and Tax Filing

• Reviewing of accounts payable entries
• Communicate with vendors and departments to troubleshoot, manage and resolve issues
• Using the services of an external provider, coordinate the preparation and filing of the annual Income Tax return and the annual Information Return
• Preparing and filing quarterly and annual sales tax returns

Cash Management & Banking Reconciliations

• Cash flow monitoring and preparation of cash forecasts to assist with working capital management
• Review of bank transactions

Other Finance Duties

• Identify opportunities for process automation and improvements in financial reporting
• Support internal and external audit processes by providing necessary financial data and analysis
• Provide back-up where necessary in the Finance department
• Other duties as assigned

EDUCATION, TRAINING & EXPERIENCE:

• University degree in Finance, Accounting, Economics or a related field, or comparable experience in financial industry
• Near completion of CPA (at the PEP stage of the CPA program)
• 5 years of relevant work experience in finance. Experience within the insurance industry an asset.
• Strong knowledge of financial reporting standards
• Experience in preparing monthly and annual financial statements
• Experience in preparing annual budgets
• Accounting systems (Dynamics GP or Business Central preferred)
• Ability to work cross-functionally and manage multiple projects
• Strong analytical, problem-solving, and communication skills
• Proficient in financial modeling, Excel and PowerPoint
• Strong written and verbal communication skills

WORKING CONDITIONS:

• Working at a computer for much of the day.
• May be required to attend after-hours functions/meetings, and occasionally work after hours

In order to be considered for this position, please include a current résumé or detailed qualifications summary with your application. Only those selected for an interview will be contacted.

HIROC is committed to fostering a climate of equity, diversity, inclusion, and accessibility. HIROC respects the diversity of all members of its community and welcomes applications from those who have demonstrated a commitment to the values of equity, diversity and inclusion. Applications from members of groups that have been historically disadvantaged and marginalized, including First Nations, Métis and Inuit peoples, racialized persons, persons with disabilities, those who identify as women, 2SLGBTQ+, individuals who self-identify on the basis of any of the protected grounds under the Human Rights Code and/or others who may contribute to the further diversification of ideas within its community are encouraged. HIROC is committed to fair assessment of a candidate’s abilities, and consideration for diversity of thought, method, and experience, including non-traditional career paths.

HIROC is committed to providing a barrier-free environment for all stakeholders, including its participants, employees, job applicants, suppliers, the public and any visitors who may enter its premises, access its information, or use its services. As an organization, HIROC respects and upholds the requirements set forth under the Accessibility for Ontarians with Disabilities Act (AODA) and its associated standards and regulations and will ensure that HIROC offers a safe and welcoming environment that is respectful of each person's dignity and independence.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing, Finance, and Other

• Industries

  Insurance

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