Senior Manager, Financial Reporting & Accounting

AXA Group; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

Join a forward-thinking company as a Senior Manager in Financial Reporting & Accounting, where you'll play a crucial role in financial reporting and strategic planning. This position involves overseeing the quarterly financial close process, engaging with stakeholders, and leading a team of finance professionals. Your expertise in IFRS and US GAAP will be essential as you prepare financial statements and collaborate with auditors. This innovative firm values diversity and sustainability, offering a supportive environment for your career growth. If you're ready to make an impact in the insurance industry, this opportunity is for you!

Benefits

Flexible work arrangements

Family-friendly benefits

Diversity resource groups

Professional development opportunities

Qualifications

• Bachelor's degree in accounting/finance or related field required.
• Recognized accounting designation, preferably CPA or equivalent.

Responsibilities

• Prepare and review quarterly and annual financial statements for regulatory filing.
• Lead the preparation of the Canadian technical and operational annual budget.

Skills

IFRS knowledge

US GAAP knowledge

Accounting designation (CPA)

Communication skills

Problem-solving skills

Organizational skills

Initiative

Education

Bachelor's degree in accounting/finance

CPA or equivalent

Tools

Microsoft Excel

Power BI

Oracle E-Business Suite

Hyperion

Job description

Senior Manager, Financial Reporting & Accounting

Toronto, ON | Canada

The Senior Manager, Financial Reporting & Accounting is primarily responsible for financial reporting, quarter-end and year-end IFRS close processes, and the quarterly and annual strategic planning processes.

Discover your opportunity

What will your essential responsibilities include?

1. Preparation and review of quarterly and annual statutory P&C returns and related financial statements for regulatory filing.
2. Preparation of quarterly management discussion and analysis to explain variances and drivers of results.
3. Ownership of the quarterly financial close process, including review of general ledger bookings.
4. Development of statutory loss reserves in collaboration with the appointed actuary for quarterly and annual reporting.
5. Act as the primary contact for internal and external audit functions.
6. Assist in filing income, sales, and premium tax returns with the support of tax personnel.
7. Lead the preparation of the Canadian technical and operational annual budget, including quarterly reforecasts as needed.
8. Communicate financial results to business leaders and underwriters.
9. Engage with stakeholders regarding significant changes/events affecting financial results.
10. Coordinate with regulators, including responding to questions and requests.
11. Review reconciliations and prepare complex reconciliations as required.
12. Monitor expense drivers to ensure cost efficiency.
13. Manage, coach, and mentor junior finance team members in Canada.
14. Develop new reports and analyses to enhance internal reporting.
15. Perform other ad hoc duties and projects as needed.

Working Relationships:

• Canadian leadership and underwriters for financial analysis and variance commentary.
• Corporate and Americas finance teams for deliverables and requests.
• Internal and external auditors for annual and internal audits.
• Service delivery team for statutory close and filings.
• Regulators such as OSFI and provincial authorities.
• Actuarial teams for reserves reporting and analysis.
• Tax personnel for tax provisions and filings.
• Accounts payable for vendor payments management.
• Legal and compliance teams for regulatory updates and support.

You will report to the Head of Finance, Canada.

Share your talent

We’re seeking someone with these skills and abilities:

• Bachelor's degree in accounting/finance or related field.
• Recognized accounting designation, preferably CPA or equivalent.
• Insurance accounting experience or equivalent education and experience.
• Solid knowledge of IFRS and US GAAP related to property and casualty insurance.
• Experience with IFRS 17 is an advantage.
• Proficiency in Microsoft Office, especially Excel and Power BI; experience with Oracle E-Business Suite/Hyperion is a plus.
• Strong communication, interpersonal, and problem-solving skills.
• Initiative, accountability, integrity, flexibility, and excellent organizational skills.

Find your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. We provide innovative re/insurance solutions with a focus on technology, data, and talent, serving clients worldwide.

Learn more at axaxl.com

Inclusion & Diversity

AXA XL is committed to equal employment opportunity and fostering an inclusive culture that values diversity. We support various resource groups, flexible work arrangements, and family-friendly benefits. Learn more at axaxl.com/about-us/inclusion-and-diversity.

Sustainability

Sustainability is core to our strategy, focusing on protecting ecosystems, addressing climate change, and embedding ESG practices. Our "Roots of Resilience" strategy emphasizes biodiversity, climate action, and resilient business practices, including community engagement through programs like "Hearts in Action." Learn more at Sustainability at AXA XL.