Sr Financial Analyst, Consolidation & Reporting

Financeroles; Southwestern Ontario; On-site; CAD 74,000 - 124,000; Full time

Job summary

Financeroles is seeking a Senior Financial Analyst to join our finance team in Ontario. You will own the monthly consolidation for Westmount Financial Inc. and its subsidiaries, reviewing intercompany entries and ensuring accurate reporting.

The role also supports lease accounting, IFRS 17, and regulatory disclosures, with involvement in the MCT and regulatory surveys. You will collaborate across Finance and other areas, act as a business partner, and help improve processes using advanced Excel,

Qualifications

• 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.

Responsibilities

• 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 annual financial statement note disclosures.
• 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.
• 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.
• 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.

Skills

Advanced Excel

Consolidation

Intercompany accounting

Financial reporting

Analytical skills

Multitasking

Education

University degree in business/finance

CPA designation

CPA candidate / in progress

Tools

Automation tools

AI-enabled solutions

Job description

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

Financial Consolidation & Reporting

• 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 annual financial statement note disclosures.
• 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.

Team Collaboration & Leadership

• 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