Sr Analyst, Financial Consolidation & Reporting

Definity Financial Corporation; Southwestern Ontario; Hybrid; CAD 74,000 - 124,000; Full time

Benefits offered by this job

Company share ownership program

Pension and RRSP contributions

Volunteer days and charitable matching

Tuition assistance

Job summary

Definity Financial Corporation is hiring a Senior Financial Analyst in Waterloo, Ontario. You will own monthly consolidation for Westmount Financial Inc. and affiliates, prepare consolidation entries, and support regulatory reporting and MCT activities.

The role emphasizes collaboration across Finance and subsidiaries, with a hybrid work model and emphasis on accuracy, automation, and process improvement. CPA or pursuing CPA is preferred, with 3+ years in accounting and financial reporting.

Qualifications

• University or college degree in business, finance, or related program.
• CPA designation (SFA) or working towards CPA is preferred.
• Strong understanding of financial reporting, consolidation, and intercompany accounting.

Responsibilities

• Own the monthly consolidation process for Westmount Financial Inc. and subsidiaries, ensuring accurate financial reporting.
• Prepare and review consolidation entries, including intercompany eliminations and broker commission eliminations.
• Support regulatory reporting requirements related to lease accounting, IFRS 17, and other standards.
• Assist with the Minimum Capital Test (MCT) work papers, filings, and regulatory compliance.
• Provide ad hoc accounting and reporting support across the Finance team as needed.

Skills

Advanced Excel

Financial analysis

Analytical thinking

Attention to detail

Education

University or college degree in business/finance

CPA designation or in progress

Tools

Excel (Advanced)

Job description

Waterloo, ONT, Canada

Definity is the parent company to some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. Our ambition is to be one of Canada’s leading and most innovative property and casualty insurers. We can’t do that without our people, so we embrace and encourage a culture that’s collaborative, ambitious, rewarding, and empowering.

We offer a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Bring your true self and be a part of our journey. It’s better here.

The Opportunity

Reporting to the Manager, Regulatory Reporting, this Senior Financial Analyst ("SFA") position is a key member of the finance team. This role provides opportunities for cross-functional collaboration with stakeholders across Finance, other business areas, and Definity-owned subsidiaries.

WhattoExpect

• Own the monthly consolidation process for Westmount Financial Inc. and its subsidiaries, ensuring accurate and timely financial reporting.
• Prepare and review consolidation entries, including intercompany eliminations, broker commission eliminations, dividend accounting, and intercompany loan and interest balances.
• Support accounting and reporting requirements related to lease accounting, IFRS 17, and other reporting standards.
• Support the preparation, analysis, and review of the Minimum Capital Test (MCT), including working papers, regulatory filings, and compliance with applicable regulatory requirements.
• Assist with regulatory surveys and other corporate reporting requirements.
• Develop and maintain working papers and supporting documentation for newly acquired entities, ensuring consistency with established reporting practices.

Regulatory Reporting

General Ledger Close Support

• Support the monthly close processes through preparation, review, and upload of journal entries and financial results into the general ledger.
• Coordinate financial data submissions from legal entities and ensure completeness and accuracy of reporting packages.
• Prepare supporting schedules and analyses required for month-end, quarter-end, and year-end reporting.
• Provide ad hoc accounting and reporting support across the Finance team as required.

Systems & Process Improvement

• Identify opportunities to improve efficiency, automation, and controls within financial reporting processes.
• Leverage technology, including advanced Excel functionality, automation tools, and AI-enabled solutions, to streamline recurring activities and enhance reporting quality.
• Act as a trusted business partner within Finance and provide support and guidance to team members.
• Serve as a backup resource for key accounting and reporting functions within the team.
• Contribute to a collaborative team environment through knowledge sharing, continuous improvement, and process documentation.

What youBring

• University or college degree in business, finance, or related program
• A CPA accounting designation (SFA), or working towards a CPA accounting designation
• Strong understanding of financial reporting, consolidation, and intercompany accounting.
• Advanced Excel skills, including experience working with sophisticated financial models.
• Strong analytical, problem-solving, and organizational skills with exceptional attention to detail.
• Ability to manage multiple priorities and meet competing deadlines.
• 3+ years of progressive accounting and financial reporting experience.
• Professional, friendly and courteous in all interactions

Preferred

• Experience with insurance industry accounting, IFRS 17, or similar complex reporting environments.
• Experience supporting acquisitions, integration activities, or multi-entity reporting structures.

Salary Range: $73,500 - $123,500

We also take potential into consideration. If you don’t have this exact experience, but you know you have what it takes, be sure to give us more insight through your application and cover letter.

Actual salary for the role may vary depending on work location of the successful candidate and other factors including but not limited to, skills, education, experience, working conditions and the local labour market.

This position is being posted to fill an existing vacancy.

What’s in it for you?

• Company share ownership program
• Incentive Program - Eligible employees may participate in various incentive plans which are paid out at the discretion of the company and subject to individual and company performance.
• Pension and savings programs, with company-matched RRSP contributions
• Paid volunteer days and company matching on charitable donations
• Educational resources, tuition assistance, and paid time off to study for exams
• Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
• Wellness and recognition programs
• Discounts on products and services

Go ahead and expect a lot — you deserve it.

It’s better here — but don’t take our word for it. Definity was named by Great Place to Work® as one of the Best Workplaces™ in Canada for women, for youth, and for inclusion.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know by [e-mail].

As part of Definity’s commitment to reconciliation, we acknowledge that our work, meetings, and travel take place on the lands now known as Canada, and recognize the enduring presence, wisdom, and stewardship of the First Nations, Métis, and Inuit peoples who have long cared for these lands.

Background checks

This role requires successful clearance of background checks (including criminal checks and leadership references).