Senior Manager, Financial Reporting & Accounting

AXA XL; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

AXA XL seeks a Senior Manager in Financial Reporting & Accounting based in Toronto, Ontario. The successful candidate will oversee the financial reporting processes, including quarterly and annual IFRS closes, while mentoring a finance team. Ideal candidates will possess strong accounting knowledge, particularly in IFRS and US GAAP, and exhibit excellent leadership and communication skills.

Benefits

Flexible Working Arrangements

Enhanced family leave benefits

Diversity resources

Volunteering and charitable giving programs

Qualifications

• Bachelor's degree in accounting or finance.
• CPA designation preferred; IFRS and US GAAP knowledge required.
• Intermediate to advanced experience in insurance accounting.

Responsibilities

• Prepare and review financial statements for regulatory filings.
• Own the quarterly financial close process.
• Manage and mentor junior finance team members.

Skills

IFRS knowledge

US GAAP knowledge

Insurance accounting

Communication skills

Leadership

Education

Bachelor's degree in accounting/finance

Chartered Professional Accountant (CPA)

Tools

Microsoft Excel

Power BI

Oracle E-Business Suite

Hyperion Financial Management

Job description

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 valueadded 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.

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.

Were looking for someone who has these abilities and skills :

Required Skills and Abilities :

• Bachelors degree (preferably in accounting / finance) from a fouryear 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 EBusiness 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 midsized companies multinationals and even some inspirational individuals we dont just provide re / insurance we reinvent it.

How By combining a comprehensive and efficient capital platform datadriven 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.

Learn more at

Inclusion & Diversity

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. Thats 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. Its 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

Learn more at AXA XL is an Equal Opportunity Employer.

Sustainability

At AXA XL Sustainability is integral to our business strategy. In an everchanging 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 202326 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. Were 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. Were building a net zero strategy developing insurance products and services and mobilizing to advance thought leadership and investment in societalled 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. Were 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.

For more information please see Sustainability at AXA XL .

Required Experience :

Senior Manager

Key Skills

Bidding,Farm,Jsf,Advertising,Electronics,Litigation Paralegal

Employment Type : Full-Time

Department / Functional Area : Finance

Experience : years

Vacancy : 1

Create a job alert for this search

Manager Financial Reporting • Toronto, Ontario, Canada