Senior Manager, Financial Reporting & Accounting

XL CATLIN; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking company as a Senior Manager in Financial Reporting & Accounting, where you will play a pivotal role in guiding financial strategies and ensuring compliance with IFRS and US GAAP. This dynamic position involves preparing financial statements, leading audit processes, and collaborating with diverse teams to communicate financial insights. If you are passionate about financial excellence and team leadership, this opportunity offers a chance to make a significant impact in an inclusive and innovative environment. Embrace the challenge and help shape the future of financial reporting in a company committed to sustainability and diversity.

Benefits

Flexible Working Arrangements

Enhanced family friendly leave benefits

Volunteering leave

Diversity Business Resource Groups

Qualifications

• 5+ years of experience in financial reporting and accounting.
• Expertise in IFRS and US GAAP for property and casualty insurance.
• Strong proficiency in Microsoft Excel and Power BI.

Responsibilities

• Lead the quarterly financial close process and statutory reporting.
• Prepare annual budgets and communicate results to stakeholders.
• Manage and mentor junior finance team members.

Skills

IFRS knowledge

US GAAP knowledge

Accounting designation

Communication skills

Analytical skills

Team management

Education

Bachelor's degree in Accounting/Finance

Chartered Professional Accountant designation

Tools

Microsoft Excel

Power BI

Oracle E-Business Suite

Job description

Job Description

Job Number:

Senior Manager, Financial Reporting & Accounting (

Job Number:

78001076D20250424 )

DISCOVER your opportunity

Toronto, ON I Canada

Senior Manager, Financial Reporting & Accounting with primary accountability for financial reporting, quarter end and year end IFRS close process and the quarterly and annual strategic planning processes.

DISCOVER your opportunity

What will your essential responsibilities include?

• Preparation and review of quarterly and annual statutory P&C return and related financial statements for filing with regulators
• Preparation of the quarterly management discussion and analysis to explain variances/drivers of results
• Ownership of the quarterly financial close process including review of general ledger bookings
• Development of statutory loss reserves in conjunction with the appointed actuary for quarterly and annual reporting
• Primary contact for internal and external audit functions
• Filing of income, sales and premium tax returns with the assistance of tax personnel
• Primary responsibility for the preparation of the Canadian technical and operational annual budget including quarterly reforecast as necessary
• Communication of financial results to business leaders and underwriters
• Communication with various stakeholders regarding significant changes/events that might materially affect the financial results of the Americas Region or the Canada entities
• Active engagement with regulators including responses to their questions and requests.
• Review of reconciliations and some preparation of more complex reconciliations
• Active monitoring of expense drivers to ensure most efficient cost structure
• Manage, coach and mentor junior members of the Canada finance team
• Development of new reports and analysis for improved internal reporting
• Other ad hoc duties and projects as required

Working Relationships:

• Canadian leadership and underwriters - to provide value-added analysis as well as variance commentary for quarterly financial results to plan and prior periods
• Corporate and Americas finance teams – quarterly deliverables and ad hoc requests
• Internal and external auditors – annual external audit process and support of any internal audits involving Canadian financial reporting
• Service delivery team –quarterly statutory close and filing of regulatory P&C return
• OSFI and provincial regulators – to make filings, explain results, answer questions, etc.
• Internal and external actuarial teams – quarterly reporting and analysis of reserves
• Tax personnel – determination of the quarterly tax provision and filing of tax returns
• Accounts payable team – management of payments to external vendors
• Legal and compliance – to keep current on new and changing regulatory requirements and to support

You will report to the Head of Finance, Canada.

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

• Bachelor's degree (preferably in accounting/finance) from a four-year university program
• Recognized accounting designation, preference given to a Chartered Professional Accountant designation or equivalent
• Intermediate to advanced insurance accounting experience or equivalent combination of education and experience
• Must demonstrate sound knowledge of IFRS and US GAAP as it relates to the property and casualty insurance industry
• IFRS 17 experience will be considered as an advantage
• Proficient working knowledge of the Microsoft Suite of products with intermediate to advanced experience with Microsoft Excel and Power BI
• Experience with Oracle E-Business Suite/Hyperion Financial Management would be an advantage
• Good team player with robust communication and interpersonal skills
• Ability to communicate complex concepts clearly to any stakeholder
• Takes initiative and demonstrates accountability
• Acts with integrity and in the best interest of others
• Flexibility
• Robust aptitude in organization and planning

FIND your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
• Robust support for Flexible Working Arrangements
• Enhanced family friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience,” focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’ s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

AXA XL is an Equal Opportunity Employer.

Location

Location

: CA-CA-Toronto

Job Field

Job Field

: Finance

Schedule

Schedule

: Full-time

Job Type

Job Type

: Standard

AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.